August volume boost, FAK rate revisions drive India-Europe rates higher Signaling some growth expectations, Indian container volumes saw gains in August, hitting 1.9 million TEUs, up 14% from 1.7 million TEUs a year earlier. August volume boost, FAK rate revisions drive India-Europe rates higher Journal of Commerce
Read More →August volume boost, FAK rate revisions drive India-Europe rates higher
on September 21, 2023in Industry News
Trans-Atlantic blank sailings to ease despite loss-making rate levels
on September 21, 2023in Industry News
Trans-Atlantic blank sailings to ease despite loss-making rate levels Carriers appear reluctant to make the drastic capacity reductions required to match supply with demand on the westbound trade lane, leaving rates far below pre-pandemic levels. Trans-Atlantic blank sailings to ease despite loss-making rate levels Journal of Commerce
Read More →More trans-Pac service cuts on tap for October as carriers seek to buoy rates
on September 20, 2023in Industry News
More trans-Pac service cuts on tap for October as carriers seek to buoy rates The decision to suspend a service outright may represent a new leg down in terms of ship capacity, which is expected to grow sharply this year and next. More trans-Pac service cuts on tap for October as carriers seek to buoy […]
Read More →Norfolk Southern teams with tech company to ease intermodal cargo flow
on September 20, 2023in Industry News
Norfolk Southern teams with tech company to ease intermodal cargo flow The Class I railroad and DrayNow will launch an app in 2024 designed to digitize, organize and streamline processes that have previously been performed via e-mail or over the phone. Norfolk Southern teams with tech company to ease intermodal cargo flow Journal of Commerce
Read More →Asia-North Europe blank sailings to soar in October amid capacity overhang
on September 20, 2023in Industry News
Asia-North Europe blank sailings to soar in October amid capacity overhang Ocean carriers on the busy trade lane plan to slash deployed capacity to match falling demand levels that typically follow China’s Golden Week holiday at the start of October. Asia-North Europe blank sailings to soar in October amid capacity overhang Journal of Commerce
Read More →Intermarine, JSA target Chilean metals, energy markets with new subsidiary
on September 20, 2023in Industry News
Intermarine, JSA target Chilean metals, energy markets with new subsidiary Affiliated carriers Intermarine and Jumbo-SAL-Alliance are poised to reap new cargo from the expected growth boom in South American mining, green fuels and wind. Intermarine, JSA target Chilean metals, energy markets with new subsidiary Journal of Commerce
Read More →Panama Canal draft restrictions offer sustained challenge for carriers
on September 20, 2023in Industry News
Panama Canal draft restrictions offer sustained challenge for carriers Carrier executives and others say the draft limitations imposed due to a shortage of rainfall are creating a more difficult economic rationale for the so-called all-water route to the East Coast of North America. Panama Canal draft restrictions offer sustained challenge for carriers Journal of Commerce
Read More →Dynamics behind Flexport’s leadership change signal digital forwarding’s natural endpoint
on September 19, 2023in Industry News
Dynamics behind Flexport’s leadership change signal digital forwarding’s natural endpoint Much criticism has been leveled at the digital forwarding model, but steep declines in topline revenue during a year of weak demand are a sign that digital forwarders have had trouble differentiating themselves from the pack. Dynamics behind Flexport’s leadership change signal digital forwarding’s natural […]
Read More →GPA-sponsored transload facility opens in Savannah
on September 19, 2023in Industry News
GPA-sponsored transload facility opens in Savannah The facility will offer a unique option to transfer ocean containers into domestic equipment without the need for outside drayage or pool chassis. GPA-sponsored transload facility opens in Savannah Journal of Commerce
Read More →Rising fuel costs driving US LTL, truckload costs higher
on September 19, 2023in Industry News
Rising fuel costs driving US LTL, truckload costs higher Cuts in oil production and increased fuel use globally are pushing up trucking fuel surcharges and, in turn, transportation costs for US shippers. Rising fuel costs driving US LTL, truckload costs higher Journal of Commerce
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