The company’s pivot to focus on software applications in lieu of developing its freight marketplace has led to stagnation of the business and its share price, former CEO Zvi Schreiber asserts.
Container services to the US East Coast have seen a rash of one-off schedule changes that stem from draft limits hitting the Panama Canal and recent typhoons that shut big Chinese ports.
Journal of Commerce data on shipper-paid spot rates supports suggestions the truckload market flattened in the late summer, but it may resume its climb shortly.
The revamped service from Southeast Asia and South China will also be notable because the vessels will completely discharge their inbound containers in Long Beach and reload for the backhaul without calling Oakland.
