The order has propelled the global backlog of new vessels to the equivalent of 46.5% of the existing container ship fleet, the highest level since 2009, according to Linerlytica.

Shippers say more stringent rules from the CBP and dwindling leverage with ocean carriers is making them feel under siege when it comes to moving freight in the eastbound trans-Pacific.

The third-quarter results reflected continued momentum from synergies gained by the ongoing integration of Schenker's business, although a "sanitizing" portfolio-cleanup process has weighed on ...

Financial terms were not disclosed, but media reports have valued the deal at $13.3 billion.