Carriers may seek to "turn the table" on shippers who drove hard bargains, but an upturn in rates may be short-lived.
Cold chain solutions provider CSafe Global acquired Kalibox, adding over 5,000 square meters of manufacturing in two European locations to CSafe’s current six North American locations that have a combined space of over 20,000 square meters.
The third-party load tracking visibility provider lauded the U.S. Patent and Trade Office's decision to protect its patent against competitors, including FourKites.
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The Port of New York and New Jersey, which experienced the second busiest June ever for box volumes, was called by a 10,077-TEU containership at the GCT Bayonne Terminal.
However, chassis lessors oppose the West Coast Marine Terminal Operator Agreement members’ plan to implement a $5 fee on chassis that move in and out of container terminals at the ports of Los Angeles and Long Beach, saying it will cost them $29 million.
The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be used toward the merger with UASC.