Norfolk Southern ends East Palestine litigation with 0 million settlement The railroad also revealed it expects its second-quarter revenue to be impacted by $50 million to $100 million due to the closure of the Port of Baltimore following the collapse of the Francis Scott Key Bridge. Norfolk Southern ends East Palestine litigation with 0 million […]
Read More →Norfolk Southern ends East Palestine litigation with $600 million settlement
on April 9, 2024in Industry News
Slow uptake of green shipping services, but momentum building: Maersk
on April 9, 2024in Industry News
Slow uptake of green shipping services, but momentum building: Maersk While the carrier is celebrating a large increase in volume transported under its low-emission services, the substantial cost of alternative fuels compared to conventional bunkers remains a hurdle to the wider cargo-owning market. Slow uptake of green shipping services, but momentum building: Maersk Journal of […]
Read More →March job gains for trucking signal rebalancing in US freight markets
on April 8, 2024in Industry News
March job gains for trucking signal rebalancing in US freight markets US trucking companies hired more workers than expected last month as stronger manufacturing and service sectors are beginning to generate more freight. March job gains for trucking signal rebalancing in US freight markets Journal of Commerce
Read More →India sourcing boom drives US import container growth
on April 8, 2024in Industry News
India sourcing boom drives US import container growth Growing US import volumes and market share from India coupled with a surge of investment from major big box retailers and manufacturers, suggests a tipping point for connecting ocean trades and the country. India sourcing boom drives US import container growth Journal of Commerce
Read More →Top US retailers set Asia service contract floor significantly higher than 2023-24
on April 8, 2024in Industry News
Top US retailers set Asia service contract floor significantly higher than 2023-24 Carriers in the eastbound trans-Pacific have concluded 2024-25 service contracts with several of the largest US retailers at rates that are significantly higher than in last year’s contracts as carriers leveraged today’s relatively high spot rates. Top US retailers set Asia service contract […]
Read More →Top US retailers set Asia service contract floor significantly higher
on April 8, 2024in Industry News
Top US retailers set Asia service contract floor significantly higher Carriers in the eastbound trans-Pacific have concluded 2024-25 service contracts with several of the largest US retailers at rates that are significantly higher than in last year’s contracts as carriers leveraged today’s relatively high spot rates. Top US retailers set Asia service contract floor significantly […]
Read More →Baltimore preps for limited port reopening by end of April
on April 5, 2024in Industry News
Baltimore preps for limited port reopening by end of April And the US Army Corps of Engineers says it expects to clear the wreckage of the Francis Scott Key Bridge from Baltimore’s 50-foot-deep shipping channel by the end of May, “restoring port access to normal capacity.” Baltimore preps for limited port reopening by end of […]
Read More →Maersk to resume Panama Canal transits on OC1 service as vessel restrictions ease
on April 5, 2024in Industry News
Maersk to resume Panama Canal transits on OC1 service as vessel restrictions ease The canal authority at the end of March increased the number of daily vessel slots available following an improvement in actual and projected water levels on the Gatun Lake. Maersk to resume Panama Canal transits on OC1 service as vessel restrictions ease […]
Read More →Iraqi Persian Gulf port project moves forward
on April 5, 2024in Industry News
Iraqi Persian Gulf port project moves forward 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 Journal of Commerce
Read More →Iraqi Persian Gulf port project moves forward as backers push Red Sea alternative
on April 5, 2024in Industry News
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
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