Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued rate increases on various trades.
The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
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Former Maryland congresswoman Helen Delich Bentley, who is revered in Maryland for promoting the Port of Baltimore, has gone into hospice care.
The Northern California port’s new near-dock rail facility received its first train, which transported animal feed from the Midwestern United States for export to customers in the Far East.
The freight transportation analyst said its Shippers Conditions Index is at its highest sustained level since 2011, but conditions for shippers should reverse in 2017, as fuel prices increase and regulatory drag tightens capacity.