Dry van truckload capacity in no hurry to exit despite bear market: analyst It is unlikely that supply and demand for dry van trucking will reach an equilibrium before the second quarter of 2024, and that is likely an optimistic date, writes analyst Jason Miller. Dry van truckload capacity in no hurry to exit despite […]
Read More →Dry van truckload capacity in no hurry to exit despite bear market: analyst
on October 31, 2023in Industry News
ILA contract expiration, Panama Canal limits favor West Coast ports: Matson
on October 31, 2023in Industry News
ILA contract expiration, Panama Canal limits favor West Coast ports: Matson Pacific-focused Matson has already enjoyed the return of some cargoes that had been diverted to the East and Gulf coasts but are now returning to the West Coast after the ILWU ratified its contract in September. ILA contract expiration, Panama Canal limits favor West […]
Read More →Overcapacity, weak demand prove huge drag on ONE’s earnings
on October 31, 2023in Industry News
Overcapacity, weak demand prove huge drag on ONE’s earnings The wide imbalance between vessel supply and demand is doing carriers no favors as earnings continue to tumble massively off the record highs of last year. Overcapacity, weak demand prove huge drag on ONE’s earnings Journal of Commerce
Read More →New MSC-backed Baltimore container terminal on track for 2028 debut
on October 31, 2023in Industry News
New MSC-backed Baltimore container terminal on track for 2028 debut Developers of the Sparrows Point Container Terminal are starting the permitting process with the US Army Corps of Engineers that will allow construction to begin in 2025. New MSC-backed Baltimore container terminal on track for 2028 debut Journal of Commerce
Read More →US LTL carriers expanding terminal networks amid post-Yellow recalibration
on October 31, 2023in Industry News
US LTL carriers expanding terminal networks amid post-Yellow recalibration With hundreds of terminals on the market, LTL trucking companies are setting their sights on Yellow’s sites and other properties as they expand and optimize networks to handle more freight. US LTL carriers expanding terminal networks amid post-Yellow recalibration Journal of Commerce
Read More →Carriers, shippers face Australia cargo delays from DP World stevedore strikes
on October 30, 2023in Industry News
Carriers, shippers face Australia cargo delays from DP World stevedore strikes DP World said it is currently experiencing a seven- to eight-day turnaround in vessels being worked at four major ports in the country, a significant delay compared with the usual two-day turnaround. Carriers, shippers face Australia cargo delays from DP World stevedore strikes Journal […]
Read More →New chassis pool launches in Memphis to boost competition in market
on October 30, 2023in Industry News
New chassis pool launches in Memphis to boost competition in market The new pool will generate options for truckers and cargo owners moving ocean containers through the major inland market. New chassis pool launches in Memphis to boost competition in market Journal of Commerce
Read More →New interoperable chassis pool launches in Memphis
on October 30, 2023in Industry News
New interoperable chassis pool launches in Memphis The new pool will generate options for truckers and cargo owners moving ocean containers through the major inland market. New interoperable chassis pool launches in Memphis Journal of Commerce
Read More →Asia-Europe ocean shippers go to tender in a freight buyers' market
on October 30, 2023in Industry News
Asia-Europe ocean shippers go to tender in a freight buyers’ market Still, sharply rising vessel operating costs could limit any exploitation of the supply-demand imbalance with carriers unwilling to accept loss-making contracts. Asia-Europe ocean shippers go to tender in a freight buyers’ market Journal of Commerce
Read More →Lack of investment constraining US breakbulk port capacity
on October 30, 2023in Industry News
Lack of investment constraining US breakbulk port capacity The funding shortage for breakbulk port facilities will create severe constraints on both cargo owners and vessel operators as offshore wind construction accelerates and new types of energy projects are developed. Lack of investment constraining US breakbulk port capacity Journal of Commerce
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