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APL said it plans to hike refrigerated container rates globally by $1,500 on Jan. 7.
"Rates are currently at
unsustainable levels, and we face the challenge of escalating
operational costs, which show no signs of abating," the Singapore-based carrier said.
APL's action follows similar decisions to hike reefer rates by other carriers, including Maersk.
"Repercussions on the global supply chain will be felt over the next few months and perhaps years to come," said the CEO of supply chain research firm Resilinc.
At least 56 dead, including 21 firefighters, reported in the aftermath of Wednesday's explosion in the northern Chinese port.
APM Terminals' Suez Canal Container Terminal (SCCT) at the northern end of the waterway will be the largest on the Mediterranean, according to the terminal operator.
The new Terminal Information Portal System (TIPS) will provide information on container availability, export booking status and more.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.
HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.