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The 10th largest container carrier warns that 2015 will likely see capacity outpace demand for shipping.
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.
Port of New York and New Jersey terminals have seen additional containers from "extra loaders."
More needs to be done about these "unfair and unreasonable" fees, according to a joint letter from 94 industry organizations.
The Netherlands-based express carrier said it expects 2015 to be a “challenging year of transition” after reaching a tentative $4.2 billion purchase agreement with FedEx.
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.