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The member carriers of the Ocean3 Alliance have increased westbound transit times between the United States and China by one week on their Pearl River Express and AAC/Bohai loop, according to BlueWater Reporting.
New sections and bypasses in the 72-kilometer stretch of the waterway will reduce waiting time and transit times, according to Suez Canal authorities.
The German ocean carrier estimated last year's merger with Chile's CSAV will bring $400 million in synergy savings, $100 million more than originally estimated.
Federal Maritime Commission Chairman Mario Cordero applauded efforts to fight gate congestion at the Ports of Los Angeles and Long Beach, but wants terminals to amend their agreement with the FMC.
The ERP provider's $675 million acquisition of GT Nexus brought little overlap, common architecture, and access to deep networks of suppliers, an Infor executive tells American Shipper.
U.S. government data shows the value of imports and exports in the North American free trade zone fell, with vessels and pipelines bearing the brunt of the downturn.