APL Officially Opens Phoenix HQ
I never thought I'd see the day when APL would leave Oakland, California. The company has been a bay area maritime fixture for decades. However, costs being what they are, the company has completed its headquarters relocation to the Phoenix area. Approximately 300 people will occupy the headquarters building located on North Scottsdale Road. Approximately half the staff transferred from Oakland.
To APL employees: Just remember..."its a dry heat". One other thing... the Phoenix police use traffic cameras on North Scottsdale Road. I know. The last time I was in Phoenix I got a ticket for $164.00 in the mail courtesy of the the local shutterbugs.
Maersk gets ready to jack up the Trans Atlantic trade
Get ready folks. Maersk has indicated its going to remove capacity in the Atlantic for the first time in years as well as aggressively raise rates. The worlds largest container carrier no doubt will have followers who do the same.
Maersk will replace its 4000 TEU vessels in the Med trade with 2900 TEU vessels as part of its 2010 trade strategy. The company thinks the Atlantic trade has hit economic bottom and feels that restriction of capacity will force higher demand for the remaining slots.
Eric
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