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The Senate approved the short-term FAA bill, which was passed in the House of Representatives Monday, just one day before federal aviation funding was set to expire.
Ocean carrier APL will launch a new service between North Asia and the West Coast of the United States Nov. 1 that will feature some of the most competitive transit times in the trade.
President Obama has taken a full-court press approach to promoting the benefits of the now finalized Trans-Pacific Partnership with the goal to win over the American public.
The Danish firm's acquisition of UTi is the latest in a string of international mergers in the 3PL industry this year.
The Israeli ocean carrier recently returned to the black, posting adjusted net profits of $23 million in the second quarter of 2015 compared with a net loss of $50 million the previous year.
With more tonnage to be delivered next year, London-based shipping consultant Drewry says "the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009."