During the tenure of the two members, the FMC has ramped up its oversight of the container shipping industry following widespread strains during the pandemic-era container surge.

The carrier’s CEO said buyers could be pulling orders forward because of concerns over global geopolitical uncertainties or said rates could be driven by a more general restocking to replenish inventories.

The Port Authority of New York and New Jersey will take full control of the Howland Hook marine terminal in Staten Island while New York City will take over Brooklyn’s Red Hook terminal.

The average cost savings for a shipper choosing intermodal rail over truckload was about 26% in the first quarter, according to the latest Journal of Commerce Intermodal Savings Index.

Evergreen Marine’s first-quarter net profit of $537 million was among the highest quarterly profit posted by container lines in the post-COVID 19 era, according to Alphaliner.

A preliminary federal investigation found the use of a different breaker configuration than had been previously in use onboard the Dali that led to a series of power blackouts on its outbound voyage.