A new eBay service will enable merchants to store inventory in strategically located warehouses, resulting in faster delivery times.
The agreement brings “another major constituency on board in the international quest" to reduce global warming.
The companies' new joint venture "marks a milestone in our strategic efforts to drive the digitization of global trade."
The company predicts a record holiday season after strong domestic and international shipping demand over Thanksgiving.
Annual shipments of desktop computers, notebooks, and tablets are expected to fall to 418 million units in 2021, a 0.8% drop from 2016.
The deal is part of a wave of consolidation in the container industry amid low freight rates that have driven down shippers' profits.
While it's nice to cut supply-chain costs, don't choose a low-cost shipper without considering all cargo-related risks.
Amid the slump in commodity prices, the dry-goods shipper was unable to generate enough cash to satisfy creditors.
Global Maritime Investments has filed Chapter 11 bankruptcy due to decade-low charter rates for its ships.
The delivery service muscled up for Christmas to avoid delivery problems, but demand came in below expectations.
