The $12 million investment in Cargado will be used to expand the load board with other tools for freight brokers to tap into cross-border freight growth.
While strong volume and congestion at both ends of the trade lane are filling the available capacity, the canceled sailings suggest carriers expect demand to falter.
Eighteen Republican members of Congress said the remedies laid out as part of the US’ investigation into China’s maritime dominance are unworkable for farmers, notably a port tax on Chinese vessels and the requirement that an increasing volume of US exports be shipped on US-flagged vessels.