Two industry behemoths, FedEx and UPS, decided this week to halt investing in new international containers in response to identical charges that local transportation rates are regulated to increase customer demand. This agreement required the shippers to reopen negotiations. FedEx announced that it would cease investing in new containers outside of the United States as part of a five-year strategic plan to modernise its shipping network. Major airline accords are seen as the resolution of a hard period. When forwarder Cogent Express claimed that domestic shippers were at blame, a number of major foreign shippers petitioned the Surface Transportation Board to put an end to future in February.
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