Monthly Archives for February 2023

Overhaul acquires competitor to consolidate freight risk management market Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe. Overhaul acquires competitor to consolidate freight risk management market Journal of Commerce

FMC administrative judge rules in truckers’ favor in chassis dispute Ocean carriers cannot limit the use of chassis by motor carriers in merchant haulage, the FMC’s chief administrative judge said in an “initial” summary decision meant to resolve a long-running dispute.  FMC administrative judge rules in truckers’ favor in chassis dispute Journal of Commerce

FMC order for MSC to justify congestion fee marks first under OSRA-22 The Federal Maritime Commission has exercised its first use of new legal authority under OSRA-22 requiring an ocean carrier to justify the reason behind levying a congestion surcharge against a shipper. FMC order for MSC to justify congestion fee marks first under OSRA-22 […]

Sharp increase in capacity keeps trans-Atlantic rates under pressure Carriers on the trans-Atlantic find themselves in the curious position of adding capacity to the trade while at the same time having to blank sailings to maintain the supply-demand balance. Sharp increase in capacity keeps trans-Atlantic rates under pressure Journal of Commerce

MSC extends Asia-USWC string to India as primary market demand wanes With the extended port reach into India, carriers are looking to fill leftover capacity from Southeast Asia as primary market volumes slow and US sourcing within Asia diversifies beyond China, sources say. MSC extends Asia-USWC string to India as primary market demand wanes Journal […]

US retailers’ global sourcing strategy will take time to develop: analysts As the size of China’s workforce declines and production challenges increase, US retailers are shifting to global sourcing strategies, with each sector looking for the business model that meets its particular requirements. US retailers’ global sourcing strategy will take time to develop: analysts Journal […]

US transport providers lose fewer jobs than expected in January Courier, trucking, and warehousing firms lost workers last month, but the seasonal surge and purge was more muted than expected, reflecting broader labor market resilience. US transport providers lose fewer jobs than expected in January Journal of Commerce

End of 2M Alliance will set dominoes in motion across ocean shipping: analyst The announced dissolution of the 2M Alliance raises the question of what additional large-scale dominoes might be toppling over in the next few years in the container shipping sector, writes analyst Lars Jensen. End of 2M Alliance will set dominoes in motion […]

US ‘freight recession’ putting motor carrier financing tools to the test Smaller US truckload carriers and the companies that provide them with access to working capital are under increasing pressure as cargo demand slows. US ‘freight recession’ putting motor carrier financing tools to the test Journal of Commerce

New IMO rules force global reefer fleet to confront uncertain future The specialized reefer fleet has proven to be remarkably resilient in the face of various challenges, but now it must deal with the latest threat in the form of new IMO environmental regulations. New IMO rules force global reefer fleet to confront uncertain future […]