Port of Baltimore names Everglades CEO as new executive director Jonathan Daniels will take the port’s helm in early February, with construction of the Sparrows Point Container Terminal atop his list of priorities. Port of Baltimore names Everglades CEO as new executive director Journal of Commerce
Read More →Lack of green compliance could be costly for some Southern California warehouses
on January 3, 2024in Industry News
Lack of green compliance could be costly for some Southern California warehouses The facilities must adhere to new emissions-cutting rules implemented several months ago by regulators or risk daily fines approaching $12,000 per day. Lack of green compliance could be costly for some Southern California warehouses Journal of Commerce
Read More →Trans-Pacific air cargo rate rally ends in steep new year dive
on January 3, 2024in Industry News
Trans-Pacific air cargo rate rally ends in steep new year dive The strong e-commerce demand from the US that kept trans-Pacific air cargo rates rising through the fourth quarter quickly fell off after the end-of-year holidays. Trans-Pacific air cargo rate rally ends in steep new year dive Journal of Commerce
Read More →India-Europe ocean rates keep spiking as more void calls emerge
on January 3, 2024in Industry News
India-Europe ocean rates keep spiking as more void calls emerge Short-term contract rates on the trade lane have already more than doubled this week from what most major carriers were quoting in the second half of December. India-Europe ocean rates keep spiking as more void calls emerge Journal of Commerce
Read More →US West Coast ports aim to win back shippers after two-year share loss
on January 3, 2024in Industry News
US West Coast ports aim to win back shippers after two-year share loss The ports will be aided by continued transit constraints at the Panama Canal, potentially testy longshore negotiations on the East and Gulf coasts, and terminals that are as fluid as they have been since before the pandemic. US West Coast ports aim […]
Read More →Asia-US container spot rates surge on Red Sea vessel diversions
on January 2, 2024in Industry News
Asia-US container spot rates surge on Red Sea vessel diversions The upending of regular transits to the US East and Gulf coasts through the Suez Canal has prompted ocean carriers to issue rate increases to cover higher operating costs. Asia-US container spot rates surge on Red Sea vessel diversions Journal of Commerce
Read More →FMC should guard against carrier ‘profit center’ from Red Sea surcharges: AgTC chief
on January 2, 2024in Industry News
FMC should guard against carrier ‘profit center’ from Red Sea surcharges: AgTC chief With ocean carriers rushing to the FMC to seek waivers of the 30-day notice period required to implement surcharges linked to the Red Sea crisis, the head of a major US shipper group says the commission should require carriers to provide more […]
Read More →Domestic intermodal recovery forecast to continue after 2023 decline
on January 2, 2024in Industry News
Domestic intermodal recovery forecast to continue after 2023 decline Although the 2023 peak season was more muted than during the COVID-19 pandemic, the overall decline was not as severe as some feared. Domestic intermodal recovery forecast to continue after 2023 decline Journal of Commerce
Read More →Asia-Europe ocean rates hit 14-month high after Red Sea attack on Maersk ship
on January 2, 2024in Industry News
Asia-Europe ocean rates hit 14-month high after Red Sea attack on Maersk ship There remains little clarity on carrier plans to resume Red Sea transits following Sunday’s dramatic action by the US Navy to repel an attack on a Maersk container ship. Asia-Europe ocean rates hit 14-month high after Red Sea attack on Maersk ship […]
Read More →Trans-Pacific volumes poised for slow growth after down year in 2023
on January 2, 2024in Industry News
Trans-Pacific volumes poised for slow growth after down year in 2023 Global container ship overcapacity will compel carriers to increase blank sailings and service cuts to keep a floor under rates, which means shippers are likely to continue to see poor on-time performance on eastbound trans-Pacific services. Trans-Pacific volumes poised for slow growth after down […]
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