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Lower bunker prices are a temporary windfall that won't last, according to predictions from Boston Consulting Group.
Fees are having "negative impact" on the fair, efficient and reliable movement of ocean cargo, according to a new report from the Federal Maritime Commission.
The freight forwarder and logistics provider saw increased net profits in the first quarter despite slightly lower revenues, compared to the first quarter of 2014.
The parcel giant reported improved profitability across all business units in the first quarter 2015, thanks primarily to new pricing initiatives, revenue management and strong growth in international volumes.
The joint-venture company formed by the Public Investment Fund of Saudi Arabia and PSA International handled its first commercial containership last week.
The Mississagi ran aground Saturday morning at Big Trout Island on the U.S. side of the St Marys River.