The tie-up is part of a wider move by individual members of THE Alliance to broaden their respective networks and maintain alliance commitments without adding a replacement carrier to succeed Hapag-Lloyd.
Elevated mortgage rates and inflation continue to drag down new home construction and remodeling activity, two of the major drivers of US household goods imports.
Continued year-over-year contraction in truckload shipments and shipper spending in the first quarter means the next pricing upswing is likely to be slow, rather than sudden.
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