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The third-party logistics company said it will be 3M's preferred logistics service provider in warehouse management and distribution in Singapore, Malaysia and Indonesia.
Ocean carriers Maersk Line and CMA CGM issued general rate increases.
The ocean carrier joined Evergreen Line's APG service between Asia, the Indian Subcontinent and the Middle East with the Aug. 24 sailing of the Ever Libra from Shanghai.
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.