US truck tonnage, shipper spending hit highs in August Trucking volume and costs are on the rise. A strong surge in truck freight demand in the United States redefined the dog days of August and set US shippers on a route toward tighter capacity and higher prices this fall. Truck volume as measured by the […]
Read More →Severe weather slows operations at JNPT
on September 20, 2017in Industry News
Severe weather slows operations at JNPT Terminal operators have had to slow operations to maintain safety in adverse weather at JNPT. Heavy rains and winds since Tuesday afternoon have impacted operations at Jawaharlal Nehru Port Trust (JNPT), and with more rain in the forecast, longer disruptions to shipping should be expected at India’s largest public […]
Read More →Direct ChassisLink, GTNexus founder fund ClearMetal
on September 20, 2017in Industry News
Direct ChassisLink, GTNexus founder fund ClearMetal ClearMetal uses advanced technology to help predict when and where assets will be needed. ClearMetal, the San Francisco-based startup company seeking to put predictive logistics to work in the container shipping industry, has gained an additional $9 million in venture capital funds, some of it from chassis provider Direct […]
Read More →Cyber attack at TNT cost FedEx $300 million in recent quarter
on September 19, 2017in Industry News
Cyber attack at TNT cost FedEx 0 million in recent quarter A cyber attack on TNT Express this summer cost FedEx $300 million in the quarter that ended Aug. 31, combining with higher costs to pull down the carrier’s adjusted net income 10.1 percent to $683 million. However, higher base rates across FedEx divisions helped […]
Read More →Production decline leads to fears of reefer box shortage
on September 19, 2017in Industry News
Production decline leads to fears of reefer box shortage The global fleet of refrigerated containers is not growing fast enough to keep up with demand. A shortfall in refrigerated container production has sparked fears that there could soon be a serious cold box shortage, speakers at JOC’s Container Trade Europe Conference in Hamburg said Tuesday. […]
Read More →Shippers in uproar over unending Chittagong congestion
on September 19, 2017in Industry News
Shippers in uproar over unending Chittagong congestion Shipper frustration with the port of Chittagong continues to mount. A long queue of vessels at Chittagong port’s outer anchorage and truck lines outside terminal gates are causing an uproar among port users. The delays are leading to shortages of raw materials for manufacturers in the country, while […]
Read More →Europe to Asia BCOs get 50-50 shot for flush 2018 capacity
on September 19, 2017in Industry News
Europe to Asia BCOs get 50-50 shot for flush 2018 capacity HAMBURG — There is very little visibility on what the space allocation will be on vessels sailing from Europe to Asia in the first quarter of 2018, with Maersk Line putting 50:50 odds on shippers facing the same chronic space shortages they experienced during the […]
Read More →Shippers losing out from reluctance to share data
on September 19, 2017in Industry News
Shippers losing out from reluctance to share data A lack of trust in the supply chain is a major obstacle to realizing the grains of shipping technology. LONG BEACH — The potential to use reasonably-priced technology to cut transportation costs is often squandered because of reluctance among beneficial cargo owners (BCOs), terminal operators, container lines and […]
Read More →Trans-Pac spot rate rises overcome month-long stagnation
on September 15, 2017in Industry News
Trans-Pac spot rate rises overcome month-long stagnation Trans-Pacific spot rates perked up after several weeks of declines. Spot rates for Asian imports increased 2 percent to the East Coast and 8 percent to the West Coast this week, ending a month-long rate stagnation in the largest US trade lane and signaling that the peak-shipping season […]
Read More →Rhine Alpine rail shutdown sets back European intermodal
on September 15, 2017in Industry News
Rhine Alpine rail shutdown sets back European intermodal Efforts to move more European freight via rail may not recover from the abrupt closure of a key artery. The sudden closure of the Rhine Valley Alpine rail track in southwest Germany on August 12 due to emergency construction work on a collapsed tunnel couldn’t have come […]
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