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No reasons was given for NYK's decision, but industry officials say it is tough for carriers to make money in the north-south trade lanes today.
CSAV and Kühne Maritime will double down on their investments in the German container line by each investing an additional $50 million.
The United States imported 3.02 million net tons of steel in August and 28.02 million net tons during the first eight months of 2015, year-over-year decreases of 18.5 percent and 2.2 percent, respectively.
The Federal Aviation Administration will provide a $27 million grant to help the City of Williston, N.D., buy land for a new airport to replace Sloulin Field International Airport.
Brightstar Group and Unik Toyz Trading, both based out of Los Angeles, Calif., agreed in federal court to cease their imports of hazardous children's toys.
Data from shipment management software provider CargoSmart finds CKYHE carriers saw no transpacific vessels calls at four key U.S. ports delayed by more than 12 hours, outperforming the other major alliances.