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Merger speculation continues as CIOSCO says it is "contemplating a plan on a material event."
An informal poll of private carriers by Stifel's transportation group found that carriers have been able to push through contract price increases in the 4 to 8 percent range despite lower than expected demand.
Shares in two Chinese liner shipping companies suspended; a merger could create fourth largest container carrier.
Shandong Huahai Shipbuilding, a small shipbuilding company based in Rizhao, Shandong, went into court receivership and will now be liquidated after an application from its primary creditor was accepted by the Rizhao Intermediate People's Court.
The new Terminal Information Portal System (TIPS) will provide information on container availability, export booking status and more.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.