Georgia tells Supreme Court ILA ruling could jeopardize plans for third ocean terminal The Georgia Ports Authority plans to open a third ocean terminal in Savannah in 2030 and says updating its current hybrid labor model to an all-union workforce could cost the port $600 million in its first operating year. Georgia tells Supreme Court […]
Read More →Georgia tells Supreme Court ILA ruling could jeopardize plans for third ocean terminal
on October 27, 2023in Industry News
Hub Group says it lost shippers because of uncompetitive rates
on October 27, 2023in Industry News
Hub Group says it lost shippers because of uncompetitive rates Hub Group said its intermodal business trailed competitors in the third quarter despite a mini-peak that developed in Southern California in September. Hub Group says it lost shippers because of uncompetitive rates Journal of Commerce
Read More →‘No vacancy’ signs up on trans-Pacific as e-commerce demand absorbs air cargo capacity
on October 27, 2023in Industry News
‘No vacancy’ signs up on trans-Pacific as e-commerce demand absorbs air cargo capacity A month ago, no one was predicting a peak season for air cargo on the trans-Pacific, but finding space from China to the US has become difficult as e-commerce demand heats up. ‘No vacancy’ signs up on trans-Pacific as e-commerce demand absorbs […]
Read More →Port of Montreal labor talks head to mediation at longshore union’s request
on October 27, 2023in Industry News
Port of Montreal labor talks head to mediation at longshore union’s request While neither side has made public its terms for a new collective bargaining agreement, sources familiar with the talks say the union is looking for a 20% increase in wages over four years and a faster seniority path for dockworkers. Port of Montreal […]
Read More →Forward Air says considering canceling Omni Logistics merger
on October 27, 2023in Industry News
Forward Air says considering canceling Omni Logistics merger The apparent change of heart from Forward management comes as Forward activist investors opposed to the $150 million deal try to oust the company’s chief executive. Forward Air says considering canceling Omni Logistics merger Journal of Commerce
Read More →US LTL carriers gaining freight and hiking rates, but real recovery is elusive
on October 26, 2023in Industry News
US LTL carriers gaining freight and hiking rates, but real recovery is elusive Less-than-truckload freight once hauled by Yellow is being “reallocated” among carriers, and rates are rising, but an underlying economic impetus for a surge in LTL demand is still missing. US LTL carriers gaining freight and hiking rates, but real recovery is elusive […]
Read More →China-India rates tick steadily higher as Asian manufacturing diversifies
on October 26, 2023in Industry News
China-India rates tick steadily higher as Asian manufacturing diversifies Seeing the demand growth, niche intra-Asia liners have beefed up their networks out of India, deploying bigger vessels and opening more calls to the country’s East Coast ports. China-India rates tick steadily higher as Asian manufacturing diversifies Journal of Commerce
Read More →Hobbled Panama Canal pinched further as eastern Asia factory growth favors Suez
on October 26, 2023in Industry News
Hobbled Panama Canal pinched further as eastern Asia factory growth favors Suez The Panama Canal faces the prospect of transit and loading limitations becoming a regular feature of all-water transits to eastern North America, while a shift of trade out of China increasingly favors Suez Canal routings in the longer-term, writes Journal of Commerce Executive […]
Read More →Railroads wait for international intermodal rebound amid some Q3 gains
on October 25, 2023in Industry News
Railroads wait for international intermodal rebound amid some Q3 gains International intermodal volume in North America fell in the third quarter year over year, but there are glimmers of optimism among some US railroads. Railroads wait for international intermodal rebound amid some Q3 gains Journal of Commerce
Read More →Kuehne + Nagel sees no inflection point yet for global freight recovery
on October 25, 2023in Industry News
Kuehne + Nagel sees no inflection point yet for global freight recovery The world’s largest ocean forwarder by volume said that despite an uptick in container freight during the third quarter, many customers still have too much inventory on hand from prior years. Kuehne + Nagel sees no inflection point yet for global freight recovery […]
Read More →