Liners push shippers for higher trans-Pacific contract rates Container lines are seeking to lock into long-term service contracts the higher trans-Pacific spot rates that resulted from the collapse of Hanjin Shipping, as price negotiations for the year ahead continue with beneficial cargo owners, according… Liners push shippers for higher trans-Pacific contract rates Journal of Commerce
Read More →US container imports forecast to make year-end surge
on November 8, 2016in Industry News
US container imports forecast to make year-end surge US containerized importers will turn up the heat in the last two months of 2016 to restock for after the holiday shopping season, but inbound shipments will still end the year up only 2.2 percent compared to 2015. Imports in November will rise 4.4 percent year-over-year and […]
Read More →Russia subsidizes imports railed from China
on November 8, 2016in Industry News
Russia subsidizes imports railed from China The Russian government’s decision to subsidize imports from China arriving via rail will cut 10 to 15 percent off the cost of such services and allow trains to cover an extra 150 kilometers (93 miles) per day. It… Russia subsidizes imports railed from China Journal of Commerce
Read More →Air Canada Cargo adds Frankfurt to expanding freighter network
on November 7, 2016in Industry News
Air Canada Cargo adds Frankfurt to expanding freighter network Air Canada Cargo will start an all-cargo service between Toronto and Frankfurt on Nov. 19 in the latest expansion of its recently launched all-freighter network. The weekly 767-300 flights, operated by Cargojet in a… Air Canada Cargo adds Frankfurt to expanding freighter network Journal of Commerce
Read More →Mid-sized liners likely to lead next consolidation wave
on November 7, 2016in Industry News
Mid-sized liners likely to lead next consolidation wave Medium-sized container lines likely will trigger the next round of consolidation in a bid to keep pace with market leaders that are pulling ahead following a… Mid-sized liners likely to lead next consolidation wave Journal of Commerce
Read More →Asia-ECSA spot rates continue to strengthen
on November 5, 2016in Industry News
Asia-ECSA spot rates continue to strengthen Freight rates are on the up on the Asia to east coast of South America trade lane following a drastic 40 percent reduction in capacity over the… Asia-ECSA spot rates continue to strengthen Journal of Commerce
Read More →Maersk says shippers' seeking stability driving market share gain
on November 4, 2016in Industry News
Maersk says shippers' seeking stability driving market share gain More evidence of shippers’ engaging in a “flight to quality” by favoring container lines perceived to be stable following the Aug. 31 Hanjin Shipping bankruptcy came from Maersk Line’s third-quarter results released this week. The world’s largest… Maersk says shippers' seeking stability driving market share gain […]
Read More →Truckload firms look to asset-light units to get through downturn
on November 4, 2016in Industry News
Truckload firms look to asset-light units to get through downturn Truckload companies USA Truck and Celadon Group are not waiting for a recovery in the truckload market to materialize and pull them out of the red, instead working to get into the black with a stronger focus… Truckload firms look to asset-light units to get […]
Read More →Trans-Pacific spot rates reflect later than usual peak season
on November 4, 2016in Industry News
Trans-Pacific spot rates reflect later than usual peak season November should signal the end of the peak-shipping season in the eastbound trans-Pacific trade, but in this unconventional year marked by the bankruptcy of Hanjin Shipping and unusually late holiday-season bookings, it… Trans-Pacific spot rates reflect later than usual peak season Journal of Commerce
Read More →Liverpool opens new mega-ship container terminal
on November 4, 2016in Industry News
Liverpool opens new mega-ship container terminal The port of Liverpool on Friday officially inaugurated a new deep-sea container terminal as it works to create a new ocean trading gateway to attract traffic from the UK’s dominant south and east coast hubs… Liverpool opens new mega-ship container terminal Journal of Commerce
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