However, Ryder’s revenues for the quarter rose 7 percent year-over-year, driven by higher fuel costs passed through to customers.
Ships carrying up to 9,800 TEUs can now call terminals west of the Bayonne Bridge without worrying about tidal conditions now that U.S. Coast Guard Sector New York and pilot organizations lifted air draft restrictions.
American Shipper has launched a short survey to collect feedback on how the industry expects to be affected by the new ocean carrier alliances that launched at the beginning of the month.
Registration takes less than 1 minute.
The new South Korean carrier has started two of five planned intra-Asia strings this week, is commencing a transpacific service in mid-April, and reportedly wants to launch a service to Savannah and New York in 2018.
Ocean carriers entering the market in 2010 and 2011 had a tough time, but SM Line said it believes it is timing its entrance into the transpacific market well, noting how freight rates are improving.
The Danish ocean carrier took delivery of the world’s largest box ship on Tuesday, the 20,568-TEU Madrid Maersk.