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Ocean carriers Hapag-Lloyd and Maersk announced plans for rate increases on August 1.
Ocean carriers Maersk Line, CMA CGM, UASC, MOL, CSCL and "K" Line announced rate increases.
The trucking and logistics company reported a 24 percent increase in net income compared to the second quarter of 2014.
Senat Shipping claimed no wrongdoing or illegal activity on its part, and said the Treasury Departments action is a “misguided measure purely based on Senat's historical dealings with OMM,” according to a report from Reuters.
Oregon Rep. Earl Blumenauer said his recently introduced STRONGER Act would establish an enforcement trust fund that would be "paid for by foreign exporting cheaters."
Singapore-based GLP's $4.55 billion acquisition of IIT's logistics assets will make it second largest logistics property owner and operator in the United States within a year of market entry, the company said.