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The Federal Maritime Commission has asked OAKMTOA to provide additional information about their plan to fund weekend gates at the Port of Oakland with a fee on cargo moving through their facilities Monday through Friday.
Containerized cargo declined last month in L.A., grew slightly in Oakland and spiked in Long Beach as East Coast captures market share.
Northern Chinese port city damaged, scores killed by massive blasts traced to third-party logistics warehouse operator.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.