Ocean freight rate benchmarking platform Xeneta said transpacific rates have been gradually rising since April, stripping out the short-term impact of Hanjin Shipping’s insolvency in late August.
The French shipping company, which acquired Neptune Orient Lines and its APL subsidiary earlier this year, is seeking a buyer for the APL container terminals.
The Atlanta, Ga.-based shipping and logistics provider reported year-over-year increases in net income and revenues for the third quarter of 2016 despite pressure from changes in fuel surcharges and currency exchange rates.
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New U.S. Customs regulations will make it easier to catch companies trying to avoid anti-dumping and countervailing duties.
The Georgia Ports Authority said the Port of Savannah will be extra busy moving containers in the next week as shippers seek to retrieve and deliver a backlog of cargo resulting from hurricane associated closures.
The effects of the South Korean carrier’s decision to file for court receivership at the end of August is being felt widespread across thousands of businesses throughout the world.