Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases.
L.A./Long Beach port terminals ‘incapable’ of weighing boxes for SOLAS compliance
Meanwhile, a global survey from the London-based Federation of National Associations of Ship Brokers and Agents finds many countries have failed to take action at national level to ensure the IMO container weight requirement can be met.
2M Alliance to launch new Asia-U.S. Gulf service to handle resin export boom
The 2M Alliance, comprised of ocean carriers Maersk Line and MSC, will also add a call in New York to another one of its loops between Asia and the U.S. East Coast.
Maersk Line’s CRX service begins calling Cuba
The Danish ocean carrier’s CRX loop, which connects North Europe with Central American, will make its first call at Mariel, Cuba April 22.
SEC accuses Navistar of misleading investors
The commercial truck and engine manufacturer will pay $7.5 million to settle allegations by the U.S. Securities and Exchange Commission it misled investors about the development of an advanced technology engine that would meet U.S. emission standards.
Container spot rates on the rise on major east-west trades
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index rose 22.3 percent since last week, from a reading of 418.47 to a reading of 511.99.
MOL implements ‘drastic’ structural reforms
Japanese ocean carrier Mitsui O.S.K. Lines Ltd. attributed the shuttering of its dry bulk business in Singapore and write downs in its container unit to a prolonged downturn in volumes and freight rates.
XPO proposes urban freight rail shuttle for retail distribution in Paris
Acquisition heavy 3PL XPO Logistics is designing an intermodal logistics solution that will inject large shipment volumes into the inner suburbs of Paris to minimize truck traffic for final delivery to retailers.
Crowley adds $32.7m in cargo equipment to fleet
The Jacksonville, Fla.-based ocean carrier is purchasing new containers, chassis and gensets for both international shippers as well as its services to Puerto Rico.
Fairchild Freight partners with ORBCOMM on cold chain system
The truckload carrier selected OBRCOMM, a global provider of machine-to-machine and “internet of things” solutions, to provide its dual-mode cold chain telematics solution for tracking and monitoring refrigerated trailers.