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.

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.

While the carrier is seeing robust volume gains across its main trade lanes, the transits around southern Africa are absorbing capacity and leading to growing space constraints on routes not directly affected by the Red Sea diversions.

Federal conciliators have tried since March 1 to negotiate a deal between Canadian Pacific-Kansas City, Canadian National Railway and the Teamsters rail conference, without success.