The port posted a 2.4 percent year-over-year increase in container volumes in April, partially supported by growth at the Virginia Inland Port and Richmond Marine Terminal.

Rates fell another 3.4 percent for the month compared to April of last year, the 16th consecutive month prices have decreased, and analysts with Avondale Partners expect this trend to continue through the rest of 2016.

Truckload pricing dipped another 2.3 percent in April 2016 compared to the same 2015 period following a 0.6 percent decline in March, the first negative pricing change since May 2010, according to the latest Cass Truckload Linehaul Index.

Rates from Shanghai to Northwest Europe fell 4.7 percent since last week, despite several major ocean carriers looking to increase rates on the trade in mid-May.

The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC and Korea’s HMM down the road.

Ports that insist on “no doc/no gate” policies with regard to verified container weights could lose business, the company’s export manager says.

The U.S. Federal Maritime Commission said it has collected $840,000 in civil penalties from compromise agreements with five freight forwarders and non-vessel-operating common carriers.

The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC and Korea’s HMM down the road.

However, the port’s outbound container volumes fell 1.1 percent year-over-year in April to 144,103 TEUs.

The German ocean carrier posted a net loss of 42.8 million euros (U.S. $48.4 million) on revenues of 1.93 billion euros.