The Waco, Texas-based less-than-truckload common carrier’s purchase of certain assets of Wilson Trucking expands Central Freight Lines’ reach into the southeastern United States and Puerto Rico, the company said in a statement.
The largest cargo gateway on the U.S. East Coast handled 4.56 million TEUs of loaded containers for the full year, a 1 percent decline from 2015 levels, according to recent data from the Port Authority of New York and New Jersey.
Prior to going bankrupt, Hanjin Shipping had chartered five, 3,400-TEU vessels and eight, 10,100-TEU vessels from Danaos.
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The new president immediately put the world on notice that his administration will combat unfair trade practices, which many interpret as a return to protectionism.
Taneli Ruda, head of ONESOURCE Global Trade, said the election of Donald Trump won’t cause trade liberalization to grind to a halt across the world, but it should cause those who run multinational corporations to carefully contemplate its implications.
Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier's gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.