Monthly Archives for April 2024

Iraqi Persian Gulf port project moves forward as backers push Red Sea alternative The UAE’s AD Ports Group and the Iraqi government have signed a preliminary agreement to develop the Al-Faw Grand Port, its economic zone and freight-supporting infrastructure. Iraqi Persian Gulf port project moves forward as backers push Red Sea alternative Journal of Commerce

European decarbonization goals need more funding: transport groups Without a significant increase in EU funding, the ambitious emissions-cutting targets for 2030 and 2050 will be difficult to meet, the coalition told the European Commission this week. European decarbonization goals need more funding: transport groups Journal of Commerce

FMC unit seeks million fine against MSC for alleged shipping law violations The recommended fine, which requires approval from an FMC judge, aims to rebuke the world’s largest shipping company for alleged multiple violations around detention and demurrage billing. FMC unit seeks million fine against MSC for alleged shipping law violations Journal of Commerce

BNSF testing terminal fluidity measures ahead of appointment system rollout The railroad is gathering information on how to streamline the flow of trucks through terminals ahead of launching an appointment system later this year at three key hubs. BNSF testing terminal fluidity measures ahead of appointment system rollout Journal of Commerce

Ports in Europe, Asia strengthen multifuel bunkering ambitions Demand for alternative fuels is set to rise exponentially as huge numbers of dual-fueled ships are delivered over the next two years while major hubs are rapidly developing their green bunkering capabilities. Ports in Europe, Asia strengthen multifuel bunkering ambitions Journal of Commerce

Asian air cargo block space sold out for 2024 as e-commerce fills export capacity The air freight market is off to a strong start this year with volume out of Asia up 11% in the traditionally slow first quarter while rates rose steadily through March. Asian air cargo block space sold out for 2024 as […]

Journal of Commerce rankings: Top 40 truckload carriers still weak after 2023 plunge The largest truckload carriers increased revenue 40% from 2020 through 2022, but their rocket ran out of fuel last year amid tumbling spot market prices, lower contract rates and falling fuel surcharges. Journal of Commerce rankings: Top 40 truckload carriers still weak […]

NS offering NY/NJ, Virginia rail workarounds to ease Baltimore port closure Norfolk Southern will join CSX in running inter-port trains between New York/New Jersey and Baltimore to limit disruptions involving cargo rerouted after the collapse of the Key Bridge. NS offering NY/NJ, Virginia rail workarounds to ease Baltimore port closure Journal of Commerce

NS offering NY/NJ, Virginia rail workarounds to ease Baltimore closure Norfolk Southern will join CSX in running inter-port trains between New York/New Jersey and Baltimore to limit disruptions involving cargo rerouted after the collapse of the Key Bridge. NS offering NY/NJ, Virginia rail workarounds to ease Baltimore closure Journal of Commerce

Red Sea crisis prompts THE Alliance to delay restart of Asia-USEC service The decision underscores that ship diversions around Africa’s Cape of Good Hope will likely last through at least the first half of 2024, if not longer, as carriers see no short-term resolution to the uncertain security situation in the region. Red Sea crisis […]