Shippers are scrambling for space on aircraft and paying more for their cargo as robust volume in Asia-Europe and Asia-North America trades quickly mop up available capacity.
The competitive service contract market has required major international carriers to make chassis available to many customers, despite carriers' vision to end chassis provision.
Spot rates from Asia to the West Coast this week fell at a clip nearly twice as fast as rates to the East Coast.
“We have seen freight rates remain fairly steady over the past year.”
The $85.1 million dredging work will raise the outer bar of the Passur River.
Maersk Line has appointed the president of its Latin American and Caribbean operations to head its North American division.
Spot rates on Asia-Europe continue their weak season decline despite carrier efforts to raise prices.
Maersk says it can provide trade finance faster and easier than banks.
Shippers have an opportunity to argue their case against detention and demurrage.
“Even without the hurricane it still would have been difficult to get these loads moved.”