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Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Pierre Danet will leave Hewlett Packard to join the ocean carrier as its new chief financial officer.
Ports believe pool of more than 80,000 interchangeable chassis will help ease West Coast congestion.
After extensive debt restructuring, the Israeli ocean carrier aims to "return to profitability and growth in 2015."
Logistics real estate developer's white paper on facility obsolescence finds the bulk of warehouses and DCs are either obsolete or too far removed from population centers and transport infrastructure.
The integrated logistics provider saw increased revenues in both its Global Integrated Logistics and infrastructure business units.