LTL carriers aim high in pricing as market continues to settle post-Yellow Large LTL trucking providers are raising tariff rates 5% to 8% on average, but the LTL PPI slowed its growth to under 1% in October. LTL carriers aim high in pricing as market continues to settle post-Yellow Journal of Commerce
Read More →LTL carriers aim high in pricing as market continues to settle post-Yellow
on November 17, 2023in Industry News
CMA CGM commits €100 million to new Paris-based AI research lab
on November 17, 2023in Industry News
CMA CGM commits €100 million to new Paris-based AI research lab CMA CGM is moving beyond funding and supporting startups with a hefty investment into a non-profit lab designed to improve data models that feed into artificial intelligence products. CMA CGM commits €100 million to new Paris-based AI research lab Journal of Commerce
Read More →November rate plunge negates carrier pricing activity on India-Europe trade
on November 17, 2023in Industry News
November rate plunge negates carrier pricing activity on India-Europe trade Still, the latest Indian trade data presents some hopeful signs for supply chain stakeholders, as the country’s merchandise exports grew 6.3% by value year over year in October, the fastest rate of expansion in a year. November rate plunge negates carrier pricing activity on India-Europe […]
Read More →No easy fix on horizon for Panama Canal woes as shipping sector scrambles
on November 17, 2023in Industry News
No easy fix on horizon for Panama Canal woes as shipping sector scrambles Carriers, shippers and logistics executives may have to get accustomed to drought-related restrictions along the Panama Canal, with costly water-saving infrastructure improvements years away. No easy fix on horizon for Panama Canal woes as shipping sector scrambles Journal of Commerce
Read More →Oversupply weighs heavily on US truckload market, keeping prices in check
on November 16, 2023in Industry News
Oversupply weighs heavily on US truckload market, keeping prices in check Although small trucking firms are folding, there is still a large supply of carriers and trucks keeping a lid on pricing amid soft demand. Oversupply weighs heavily on US truckload market, keeping prices in check Journal of Commerce
Read More →Oversupply weighs heavily on US truckload market
on November 16, 2023in Industry News
Oversupply weighs heavily on US truckload market Although small trucking firms are folding, there is still a large supply of carriers and trucks keeping a lid on pricing amid soft demand. Oversupply weighs heavily on US truckload market Journal of Commerce
Read More →MPV indices from Toepfer, Drewry continue down different paths
on November 16, 2023in Industry News
MPV indices from Toepfer, Drewry continue down different paths While long-term optimism supports the MPV market, industry analysts see short-term divergence in time charter rate averages. MPV indices from Toepfer, Drewry continue down different paths Journal of Commerce
Read More →Intermodal savings poised to remain steady through end of the year: ISI
on November 16, 2023in Industry News
Intermodal savings poised to remain steady through end of the year: ISI Shippers saved nearly 26% using domestic intermodal instead of highway options in the third quarter, roughly in line with long-term averages. Intermodal savings poised to remain steady through end of the year: ISI Journal of Commerce
Read More →US imports from Asia hit 2023 high in October despite muted peak season
on November 16, 2023in Industry News
US imports from Asia hit 2023 high in October despite muted peak season While October is typically one of the busiest months of the year for West Coast ports, the region’s market share of imports from Asia slipped markedly from September, but carrier executives said that was an anomaly linked to capacity cuts in the […]
Read More →Cosco, Varamar expand MPV reach with strategic partnership
on November 15, 2023in Industry News
Cosco, Varamar expand MPV reach with strategic partnership The aim of the venture is to broaden the scope of the companies’ current operations, both geographically and in vessel size. Cosco, Varamar expand MPV reach with strategic partnership Journal of Commerce
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