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Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Pierre Danet will leave Hewlett Packard to join the ocean carrier as its new chief financial officer.
Businesses large and small and across many sectors share their views on the massive West Coast port cargo delays.
Bipartisan legislation was introduced Thursday on Capitol Hill to extend TPA to President Obama.
Tampa, Mobile and Houston joined forces to lure container lines.
The Shanghai Shipping Exchange shows spot rates to Europe at low of $399 per TEU.