Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued rate increases on various trades.
The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
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The U.S. Department of Transportation is looking into how delays at ports and other loading and unloading facilities may be affecting driver compliance with hours-of-service rules designed to increase safety.
Former Macy’s distribution center manager Rudy Rampertab pleaded guilty in the U.S. District Court in Cincinnati to one count each of mail fraud and money laundering.
The vessel sharing alliance, which expects to launch in April 2017, is contemplating initially deploying up to 175 container vessels in U.S. trades, according to a Federal Maritime Commission filing.