Prince Rupert to build large export transload facility to balance cargo mix Construction of the C$750 million, 400,000-TEU facility for Canadian and US agricultural and resin exports will be key to achieving more balanced two-way trade through the Western Canadian port. Prince Rupert to build large export transload facility to balance cargo mix Journal of […]
Read More →Prince Rupert to build large export transload facility to balance cargo mix
on October 19, 2023in Industry News
Convoy says will shut operations, sell off technology amid market downturn
on October 19, 2023in Industry News
Convoy says will shut operations, sell off technology amid market downturn While sudden, the impact of Convoy shutting its business should be muted in a truckload brokerage market where shippers have access to low spot rates and plentiful capacity. Convoy says will shut operations, sell off technology amid market downturn Journal of Commerce
Read More →India-US rates pushed lower amid excess capacity, muted peak season
on October 19, 2023in Industry News
India-US rates pushed lower amid excess capacity, muted peak season After jettisoning previously planned October rate hikes, some India-USEC carriers have published new, modest rate increase plans for November. India-US rates pushed lower amid excess capacity, muted peak season Journal of Commerce
Read More →Excess capacity, muted peak season drive down rates for India-US cargo
on October 19, 2023in Industry News
Excess capacity, muted peak season drive down rates for India-US cargo After jettisoning previously planned October rate hikes, some India-USEC carriers have published new, modest rate increase plans for November. Excess capacity, muted peak season drive down rates for India-US cargo Journal of Commerce
Read More →Capacity glut, forwarder competition drive Asia-Europe ocean rates lower
on October 19, 2023in Industry News
Capacity glut, forwarder competition drive Asia-Europe ocean rates lower Spot rates are being dragged down by forwarders speculating on an extended period of weak rates on the Asia to Europe trade as capacity is expected to outstrip demand through 2024. Capacity glut, forwarder competition drive Asia-Europe ocean rates lower Journal of Commerce
Read More →Freight broker Convoy stops accepting loads amid pending company ‘transition’
on October 18, 2023in Industry News
Freight broker Convoy stops accepting loads amid pending company ‘transition’ The company has long been a lightning rod in the truckload industry, one of a cohort of so-called digital brokers to emerge in the 2010s backed by venture capital investors with an ambition to make the industry more efficient through digitizing processes. Freight broker Convoy […]
Read More →J. B. Hunt believes intermodal market ‘coming out’ of freight recession
on October 18, 2023in Industry News
J. B. Hunt believes intermodal market ‘coming out’ of freight recession Despite reporting lackluster third-quarter financial results, the intermodal service provider is cautiously optimistic that the worst of the US freight recession is in the past. J. B. Hunt believes intermodal market ‘coming out’ of freight recession Journal of Commerce
Read More →J.B. Hunt believes intermodal market ‘coming out’ of freight recession
on October 18, 2023in Industry News
J.B. Hunt believes intermodal market ‘coming out’ of freight recession Despite reporting lackluster third-quarter financial results, the intermodal service provider is cautiously optimistic that the worst of the US freight recession is in the past. J.B. Hunt believes intermodal market ‘coming out’ of freight recession Journal of Commerce
Read More →DSV CEO Andersen to step down in September 2024; COO Lund will take top job
on October 18, 2023in Industry News
DSV CEO Andersen to step down in September 2024; COO Lund will take top job In 16 years running DSV, Andersen has presided over the integration of a string of multi-billion-dollar acquisitions and guided the forwarder through significant disruptions to global supply chains. DSV CEO Andersen to step down in September 2024; COO Lund will […]
Read More →Weak demand signals threatening shipping’s emissions targets
on October 18, 2023in Industry News
Weak demand signals threatening shipping’s emissions targets The window is closing fast on shipping’s goal of having scalable zero-emission fuels account for 5% of international shipping demand by 2030, a conference in Athens was told. Weak demand signals threatening shipping’s emissions targets Journal of Commerce
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