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Members of the Transpacific Stabilization Agreement are recommending two $600 general rate increases and a $400 peak season surcharge.
Appropriateness of detention and demurrage charges must be addressed on a case-by-case basis, says World Shipping Council.
Mitigating factors impacted the expected rebound after the resolution of contentious ILWU-PMA port labor contract negotiaitons, according to the southern California port.
Australian logistics and stevedoring firm Asciano, parent of Patrick Stevedoring, has confirmed it received a puirchase offer of $6.8 billion from Brookfield.
BPO arrangement allows the express giant, which has been targeted for acquisition by FedEx, to focus on its core activities and customers service.
While many airfreight carriers around the globe saw a slowdown in growth, Middle Eastern cargo lines reported a drastic increase in airfreight volumes.