North American intermodal headed for down year, but ‘green shoots’ exist: analyst The fundamentals for intermodal demand in 2024 appear to be improving in several important respects, according to analyst Larry Gross, though some adverse long-term fundamentals remain in place. North American intermodal headed for down year, but ‘green shoots’ exist: analyst Journal of Commerce
Read More →North American intermodal headed for down year, but ‘green shoots’ exist: analyst
on December 11, 2023in Industry News
Reset for wind energy cargo reflects global supply chain realities
on December 11, 2023in Industry News
Reset for wind energy cargo reflects global supply chain realities Although carriers and project forwarders have seen lower wind volumes in some markets this year, the slowdown is bringing the US wind buildout to a more realistic level, stakeholders say. Reset for wind energy cargo reflects global supply chain realities Journal of Commerce
Read More →US truckload pricing expected to rise, but trajectory remains unclear
on December 11, 2023in Industry News
US truckload pricing expected to rise, but trajectory remains unclear Not all industry analysts believe a surge in demand is necessary for US truckload rates to rise in 2024, but some say capacity levels remain too high for a big move upward. US truckload pricing expected to rise, but trajectory remains unclear Journal of Commerce
Read More →US truckload pricing forecast to rise, but trajectory remains unclear
on December 11, 2023in Industry News
US truckload pricing forecast to rise, but trajectory remains unclear Not all industry analysts believe a surge in demand is necessary for US truckload rates to rise in 2024, but some say capacity levels remain too high for a big move upward. US truckload pricing forecast to rise, but trajectory remains unclear Journal of Commerce
Read More →Yellow attorneys quash ‘going concern’ bid for LTL network, equipment
on December 8, 2023in Industry News
Yellow attorneys quash ‘going concern’ bid for LTL network, equipment An attempt to buy and revive some version of Yellow was called “not viable” after a terminal auction raised $1.9 billion from 22 bidders. Yellow attorneys quash ‘going concern’ bid for LTL network, equipment Journal of Commerce
Read More →Port of Los Angeles plans to build near-dock chassis facility, container storage yard
on December 8, 2023in Industry News
Port of Los Angeles plans to build near-dock chassis facility, container storage yard Although the project site is currently unused, it was pressed into service as a storage yard for empty containers during the pandemic, with as many as 7,000 boxes stored there when it was at full capacity in August 2022. Port of Los […]
Read More →Canadian shippers urge Ottawa to act as Montreal port talks hit impasse
on December 8, 2023in Industry News
Canadian shippers urge Ottawa to act as Montreal port talks hit impasse The union chief representing Montreal dockworkers said the big issue of wages has yet to be hashed out less than a month before the deadline for a possible strike at Canada’s second-busiest port. Canadian shippers urge Ottawa to act as Montreal port talks […]
Read More →FMC officer dismisses complaint against Hapag-Lloyd over street turn charge
on December 8, 2023in Industry News
FMC officer dismisses complaint against Hapag-Lloyd over street turn charge Motor carrier TCW was unable to prove that street turn fees violate US shipping law in one of the first test cases to see how the Federal Maritime Commission might regulate those charges. FMC officer dismisses complaint against Hapag-Lloyd over street turn charge Journal of […]
Read More →Glovis, partners order 12 new vehicle carriers, with options for more
on December 8, 2023in Industry News
Glovis, partners order 12 new vehicle carriers, with options for more Hyundai Glovis has teamed up with HMM and Seaspan to spend almost $1.5 billion on new dual-fuel pure car and truck carriers as demand continues to surge in the ro/ro sector. Glovis, partners order 12 new vehicle carriers, with options for more Journal of […]
Read More →Green rules, tighter capacity make case for 2024 rate boost: Hapag-Lloyd CEO
on December 7, 2023in Industry News
Green rules, tighter capacity make case for 2024 rate boost: Hapag-Lloyd CEO Rolf Habben Jansen said current rates are “not sustainable” given higher overall operating costs and the potential that excess ship capacity will be absorbed due to Panama Canal diversions and greenhouse gas rules. Green rules, tighter capacity make case for 2024 rate boost: […]
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