Trucking squeezed, but not crushed, by Baltimore port closure Freight diversions to more distant ports will raise trucking costs for US importers and shippers, but excess truckload capacity is expected to dilute the disruption. Trucking squeezed, but not crushed, by Baltimore port closure Journal of Commerce
Read More →US judge throws out Yellow’s $137 million lawsuit against Teamsters
on March 27, 2024in Industry News
US judge throws out Yellow’s 7 million lawsuit against Teamsters The bankrupt LTL provider failed to exhaust grievance procedures in its own contract as it battled the Teamsters over restructuring plans, a US District Court ruled. US judge throws out Yellow’s 7 million lawsuit against Teamsters Journal of Commerce
Read More →Downward shift in India-Europe spot rates continues amid capacity glut
on March 27, 2024in Industry News
Downward shift in India-Europe spot rates continues amid capacity glut Still, forwarders generally believe that while prices have room to fall further, it’s unlikely the market will return to the end-2023 pre-crisis pricing trendline so long as the uncertain security situation in the Red Sea persists. Downward shift in India-Europe spot rates continues amid capacity […]
Read More →Maersk integrator strategy under growing scrutiny amid DB Schenker interest
on March 27, 2024in Industry News
Maersk integrator strategy under growing scrutiny amid DB Schenker interest Maersk has been a lone exception to the truism that customer demands for neutrality inevitably lead carrier-owned forwarders to be structurally independent. Maersk integrator strategy under growing scrutiny amid DB Schenker interest Journal of Commerce
Read More →Maersk integrator strategy under growing scrutiny amid tepid results
on March 27, 2024in Industry News
Maersk integrator strategy under growing scrutiny amid tepid results Maersk has been a lone exception to the truism that customer demands for neutrality inevitably lead carrier-owned forwarders to be structurally independent. Maersk integrator strategy under growing scrutiny amid tepid results Journal of Commerce
Read More →No timeline for Baltimore port reopening following bridge collapse
on March 26, 2024in Industry News
No timeline for Baltimore port reopening following bridge collapse With the fifth-largest container port on the US East Coast now effectively isolated from waterborne traffic, the collapse of the Francis Scott Key Bridge after it was struck by a container ship will, at least temporarily, reconfigure the region’s supply chain. No timeline for Baltimore port […]
Read More →Baltimore bridge crash involving Maersk-chartered ship shuts port
on March 26, 2024in Industry News
Baltimore bridge crash involving Maersk-chartered ship shuts port The closure of the fifth-busiest container port on the US East Coast could put pressure on container lines as they divert vessel calls. Baltimore bridge crash involving Maersk-chartered ship shuts port Journal of Commerce
Read More →MPV carrier UAL braces for port asset takeover by Equatorial Guinea
on March 26, 2024in Industry News
MPV carrier UAL braces for port asset takeover by Equatorial Guinea Oil and gas supply chains are in jeopardy as the government of Equatorial Guinea announces that it plans to nationalize a major port asset owned by Netherlands-based UAL Group. MPV carrier UAL braces for port asset takeover by Equatorial Guinea Journal of Commerce
Read More →GPA allocates new funding for Ocean Terminal container expansion
on March 26, 2024in Industry News
GPA allocates new funding for Ocean Terminal container expansion The Georgia Ports Authority is expanding the Port of Savannah’s Ocean Terminal to eventually grow its annual container capacity from 300,000 TEUs to 1.5 million TEUs. GPA allocates new funding for Ocean Terminal container expansion Journal of Commerce
Read More →German rail dispute ends as union strikes deal with Deutsche Bahn
on March 26, 2024in Industry News
German rail dispute ends as union strikes deal with Deutsche Bahn Months of strike action by the union severely disrupted Germany’s rail freight network, with the impact on inland transportation often spilling over the country’s borders. German rail dispute ends as union strikes deal with Deutsche Bahn Journal of Commerce
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