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Container Carriers Eye Return to Red Sea Route

A.P. Moller-Maersk A/S and Hapag-Lloyd AG signaled confidence about resuming passage through the Red Sea, sending the container carriers’ shares down on expectation a return to the shorter route will ease capacity constraints and temper a surge in shipping rates.

Breaking News - CMA CGM nears $1.4 billion deal for FedEx logistics unit, sources said

French container shipping ​group CMA CGM is nearing a deal ‌to buy FedEx's third-party logistics business for $1.4 billion in cash.

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