| Asia-Europe Spot Container Rates Jump |
Average spot rates on the westbound Asia-Europe trade spiked 19 percent on May 3, an increase of $629 per 40-foot container, which means that carriers got most of the general rate increases they implemented on May 1. |
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| FMC Chairman Seeks NVO Reform |
Federal Maritime Commission Chairman Richard Lidinsky Jr. said he hopes the FMC can move quickly on a “top-to-bottom” modernization of rules covering non-vessel-operating common carriers. |
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| T&M expands into Turkish market |
T&M Forwarding and its long standing strategic partner Genel Transport have launched new service between Vietnam and Turkey. The two partners target to become the main player in this trade lane with focus on textile, garment, shoes and foodstuff, etc. |
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