Two industry giants, FedEx and UPS, decided this week to halt investing in new international containers in response to similar claims that transportation costs in the region are manipulated to increase customer demand. Shippers were compelled to resume talks under this arrangement. FedEx announced that it would halt investing in new containers outside of the United States as part of a five-year strategic plan to modernise its shipping network. These agreements between big airlines are considered as the end of a difficult period. Several large foreign shippers petitioned the Surface Transportation Board in February to put an end to future, disputing the assertion made by forwarder Cogent Express that domestic shippers were to blame.
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