Panelists at the TPM Asia conference noted Southeast Asia’s rising prominence in container markets, but said growth has been mitigated by the fact that most cargo stays in the less lucrative intra-Asia trade.

The terminal operator will purchase the remaining 39 percent of the issued shares of port terminal manager Grup Maritim TCB, making it the sole controlling shareholder of the company.

Over one quarter of respondents said data analysis is reducing operating costs by $4,000 annually per truck, according to a survey of transportation managers and executives from Fleet Advantage.

The national mail carrier of Singapore is making good on its promise to become a global logistics provider, agreeing to acquire a 96.3 percent share in TradeGlobal Holdings, Inc. for $168.6 million, its second such deal this month.

Ocean carrier ANL will terminate its current KIX service between Southeast Asia, Australia and New Zealand that it jointly operates with CMA CGM and Hanjin in November.

Container throughput continued to fall last month in what has been a difficult year for the Southern California port, but it should be noted the comparison is against a robust 2014.

Higher rates to the United States drove the increase in the overall spot rate reading, despite rates to Northwest Europe and the Mediterranean continuing to fall.

The short-sea carrier will launch its seasonal Black Sea reefer service between Mediterranean ports and Novorossiysk, Russia, situated along the Black Sea.

The non-vessel-operating common carrier opened a branch in Cebu, Philippines and Izmir, Turkey.

Topics to be covered at the yearly Customs and Border Protection event, scheduled for Nov. 4-5, include the Single Window for entry processing, the WTO’s Trade Facilitation Agreement, North American Customs collaboration and global supply chain issues.