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Container derivatives broker at Freight Investor Services in London cites reports that Maersk is cutting rates to Europe.
The International Longshore and Warehouse Union said 82 percent of its members voted in favor of ratification.
Union says it will strike APMT's North Pier terminal, which handles 35 percent of Peruvian cargo, starting Wednesday.
Trade Promotion Authority gives the White House more freedom to negotiate major free trade agreements with Pacific Rim and European partners.
Cuba has pent up demand for trade and U.S. companies are eager to tap a new export market.
The Senate approved another short-term extension to continue funding highway, bridge and transit projects.