In reaction to similar allegations that transportation rates in the area are controlled to boost client demand, two industry giants, FedEx and UPS, decided this week to stop investing in new international containers. Under this arrangement, shippers were obligated to resume negotiations. As part of a five-year strategic plan to update its shipping network, FedEx declared that it would stop investing in new containers outside of the United States. These agreements between major airlines are viewed as the conclusion of a trying time. In February, a number of sizable international shippers asked the Surface Transportation Board to put an end to future, refuting the claim made by forwarder Cogent Express that domestic shippers were at fault.
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