FedEx and UPS, two industry goliaths, made the decision this week to stop investing in new international containers in reaction to the same claims that local transportation rates are controlled to boost demand from customers. The shippers had to resume talks as a result of this agreement. In a five-year strategic plan to update its shipping network, FedEx declared that it will stop investing in new containers outside of the United States. Major airline agreements are viewed as the end of a trying time. In February, a number of significant international shippers petitioned the Surface Transportation Board to put an end to future after forwarder Cogent Express alleged that domestic shippers were to blame.
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