Management Update: New transpacific player.
in the NewsMajor changes in air cargo freighter market driven by e-commerce, reports consultancy Maersk Line’s acquisition of Hamburg Süd gets sales and purchase agreement approval AAR reports mixed carload and intermodal volumes for week ending April 22 BTS reports February gain in U.S.-NAFTA trade U.S. ports may face difficult financing decisions, says Fitch Ratings More News
The Containership Company (TCC), a new Norwegian-based container line, has selected TraPac Container Terminal at the Port of Los Angeles as its U.S. West Coast gateway. The announcement comes at a time when many ports are positioning themselves for a revival of exports. The newest entrant in the trans-pacific cargo trade, TCC will give local businesses another option for exporting goods and materials to the major inland industrial and manufacturing center northwest of Shanghai. TCC will operate a weekly service between Los Angeles and the Modern Terminals facility at the Port of Taicang in the Jiangsu province of China. Starting in April, TCC will offer “no frills” service for importers and exporters seeking a cargo link between Southern California and Taicang, a thriving manufacturing center approximately 40 miles northwest of Shanghai.
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