FASA

In addition to skipped sailings in the transpacific trade, the G6 Alliance will void one sailing each on its Loop 5 and Loop 7 services between Asia and North Europe and member OOCL will skip another on its EMX loop between Asia and the Mediterranean.

However, individual terminals at the ports of Los Angeles and Long Beach will negotiate directly with chassis leasing companies over compensation for storing chassis and providing services to lessors.

The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines of 8.1 percent and 0.6 percent, respectively.

The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.3 for the month, down 2.1 percent from June but up 0.3 percent compared with July 2015, following a 1.6 percent decrease the previous month, according to the American Trucking Associations.

Airfreight markets in the first six months of 2016 were “substantially weaker” than passenger markets, posting marginal 0.5 percent year-over-year growth, according to data from Airports Council International.

Container volumes in the transpacific trade between Asia and West Coast North America jumped 5.5 percent year-over-year in the first six months of 2016, while Asia-Europe volumes ticked up 1.1 percent, according to the London-based maritime consultant.

The German ocean carrier said its merger with UASC will create the world’s fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.

The Government Accountability Office has denied a competitor’s protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.

The London-based shipping research and consulting firm said it forecasts slow growth in the world container fleet of four to five percent per year through 2019.