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Rates are falling on major trade routes to Europe, U.S., according to the latest figures from the Shanghai Shipping Exchange.
A strike could come as soon as Monday, according to a statement from Teamster affiliate Justice for Port Truck Drivers.
Schlumberger Oilfield Holdings, a subsidiary of Schlumberger Ltd., on Wednesday agreed to enter a guilty plea.
Carriers should not be allowed to profit from congestion for which they are at least partially responsible, says agriculture group.
The 10-ship loop will call in South China, Vietnam, Colombo, New York, Savannah and Norfolk, and is designed to provide fast transit from Asia to New York.