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Members of the Transpacific Stabilization Agreement are recommending two $600 general rate increases and a $400 peak season surcharge.
U.S. Naval Forces Central Command has begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz.
Container derivatives broker at Freight Investor Services in London cites reports that Maersk is cutting rates to Europe.
Port of Dammam terminal operator International Ports Services set a record for the first four months of 2015.
Rates were down again in April 2015 after falling 1.6% in March 2015, according to the latest Cass Intermodal Price Index.
Investment firm Avondale Partners expects truckload pricing to increase 4%-9% in 2015.