K+N 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. K+N sees no inflection point yet for global freight recovery Journal of Commerce
Read More →Retailers pivot in fast-moving trans-Pacific as carriers accelerate blank sailings
on October 25, 2023in Industry News
Retailers pivot in fast-moving trans-Pacific as carriers accelerate blank sailings Facing the prospects of low single-digit volume growth through the Lunar New Year in February, carriers so far this month have effectively reduced almost 22% of trans-Pacific capacity through blank sailings, according to Sea-Intelligence Maritime Analysis. Retailers pivot in fast-moving trans-Pacific as carriers accelerate blank […]
Read More →Sharing cost burden remains powerful obstacle to shipping decarbonization
on October 25, 2023in Industry News
Sharing cost burden remains powerful obstacle to shipping decarbonization As activity heats up around decarbonization, there remains the stubborn fact that an unofficial law of container shipping, which dictates that shippers will always seek the lowest price or at the very least cost parity with peers, is exerting powerful resistance to the forces of climate […]
Read More →THE Alliance culls US, Europe services amid weak Southeast Asia import demand
on October 24, 2023in Industry News
THE Alliance culls US, Europe services amid weak Southeast Asia import demand The latest service suspensions signal that US and European demand for some Asia-sourced consumer goods will remain tepid following the record spending splurge of the previous two years. THE Alliance culls US, Europe services amid weak Southeast Asia import demand Journal of Commerce
Read More →No escaping the truckload market’s inherent fragmentation for Convoy
on October 24, 2023in Industry News
No escaping the truckload market’s inherent fragmentation for Convoy The demise of truckload broker Convoy has highlighted how difficult it is to create differentiation in a market with no dominant player, with Convoy itself to blame for stoking more competition through its technology focus. No escaping the truckload market’s inherent fragmentation for Convoy Journal of […]
Read More →DSV signs onto $10 billion JV linked to Saudi-backed NEOM port project
on October 24, 2023in Industry News
DSV signs onto billion JV linked to Saudi-backed NEOM port project The announcement was made simultaneously with the forwarder releasing its nine-month financial results that reflected softening air and ocean markets, dragging down profitability from last year’s record performance. DSV signs onto billion JV linked to Saudi-backed NEOM port project Journal of Commerce
Read More →Geopolitics, economic slump drag down Antwerp-Bruges nine-month volumes
on October 24, 2023in Industry News
Geopolitics, economic slump drag down Antwerp-Bruges nine-month volumes Antwerp-Bruges follows neighboring rival Rotterdam in reporting a decline in container throughput this year through September. Geopolitics, economic slump drag down Antwerp-Bruges nine-month volumes Journal of Commerce
Read More →Carrier wants SSA Marine to refund $9 million in Long Beach congestion fees
on October 24, 2023in Industry News
Carrier wants SSA Marine to refund million in Long Beach congestion fees The FMC complaint is atypical in that it’s an ocean carrier challenging fees rather than a cargo owner, forwarder or trucker pushing back against detention and demurrage charges. Carrier wants SSA Marine to refund million in Long Beach congestion fees Journal of Commerce
Read More →Automakers resort to shipping cars in containers amid ro/ro capacity shortage
on October 23, 2023in Industry News
Automakers resort to shipping cars in containers amid ro/ro capacity shortage Ports in the US are reporting an unusual spike in the number of cars crossing their docks in containers, rather than via roll-on/roll-off vessels. Automakers resort to shipping cars in containers amid ro/ro capacity shortage Journal of Commerce
Read More →European port, landside congestion sapping tight ro/ro capacity
on October 23, 2023in Industry News
European port, landside congestion sapping tight ro/ro capacity Crowded terminals and a truck driver shortage in Europe and the Mediterranean are increasing landside delays and driving some shippers to consider calling secondary ports. European port, landside congestion sapping tight ro/ro capacity Journal of Commerce
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