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Ocean carriers Maersk Line, CMA CGM, MOL and OOCL issued general rate increases.
The global port operator attributed its strong results primarily to increased throughput at higher margin marine terminals and its integration of industrial logistics infrastructure firm Economic Zones World.
The American Institute for International Steel reported U.S. steel shipments improved slightly in June from the prior two months, but were still down year-over-year.
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.