Big US LTL carriers reap lion’s share of Yellow terminals in auction XPO, Estes, Saia and R+L collectively put up more than 80% of the $1.9 billion bid for terminals of bankrupt LTL provider Yellow, while more sites, including some major facilities, have yet to be auctioned. Big US LTL carriers reap lion’s share of […]
Read More →Big US LTL carriers reap lion’s share of Yellow terminals in auction
on December 5, 2023in Industry News
Shippers weigh costly routing changes against possibility of East Coast strike
on December 5, 2023in Industry News
Shippers weigh costly routing changes against possibility of East Coast strike Shippers who have built East and Gulf coast routings into their supply chains are taking no chances, raising the need for contingency plans in discussions with carriers and NVOs ahead of 2024 contract renewals. Shippers weigh costly routing changes against possibility of East Coast […]
Read More →Southern California agency to unilaterally develop emissions cut rules at rail yards
on December 4, 2023in Industry News
Southern California agency to unilaterally develop emissions cut rules at rail yards The South Coast Air Quality Management District says it will create rules to reduce emissions at Southern California rail yards because Union Pacific insists on including public financing as a precondition for participating in the more collaborative MOU process. Southern California agency to […]
Read More →Maersk to invest $500 million in Southeast Asia logistics even as integrator model struggles
on December 4, 2023in Industry News
Maersk to invest 0 million in Southeast Asia logistics even as integrator model struggles The spending program will target the company’s logistics and services arm with a “substantial amount of investment” earmarked for its ocean and terminals infrastructure in the region. Maersk to invest 0 million in Southeast Asia logistics even as integrator model struggles […]
Read More →Europe’s ocean trades may see overlapping CO2 charges: DNV
on December 4, 2023in Industry News
Europe’s ocean trades may see overlapping CO2 charges: DNV The IMO’s global market-based emissions-cutting measure will be introduced in 2027 when it will clash with Europe’s ETS and could force shippers to comply — and pay for — two CO2-reducing systems at the same time, classification societies believe. Europe’s ocean trades may see overlapping CO2 charges: DNV […]
Read More →Carriers weigh options after Red Sea route threatened by missile attacks
on December 4, 2023in Industry News
Carriers weigh options after Red Sea route threatened by missile attacks Three commercial ships were hit by rockets fired from Yemen over the weekend in a deteriorating security situation that has seen at least two ocean carriers introduce war risk surcharges on routes to and from Israel. Carriers weigh options after Red Sea route threatened […]
Read More →Fast-approaching green goals pose uncomfortable question for shipping: analyst
on December 4, 2023in Industry News
Fast-approaching green goals pose uncomfortable question for shipping: analyst Given shipping’s relatively poor track record on implementing anything not rigorously enforced, and a preference to delay action to the last possible minute, there seems to be a high risk that decarbonization milestones will not be met, writes analyst Lars Jensen. Fast-approaching green goals pose uncomfortable […]
Read More →Wakeo lands fresh investment in far less heated freight visibility market
on December 4, 2023in Industry News
Wakeo lands fresh investment in far less heated freight visibility market The company, which caters to shippers like Uniqlo and Michelin, will use the new round of funding to spur a global expansion of its multimodal freight visibility product. Wakeo lands fresh investment in far less heated freight visibility market Journal of Commerce
Read More →THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts
on December 1, 2023in Industry News
THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships that can use the main artery for container trade between the US East Coast and Asia. THE Alliance diverts […]
Read More →US truckload rates unlikely to see major holiday bump amid tepid peak season
on December 1, 2023in Industry News
US truckload rates unlikely to see major holiday bump amid tepid peak season As US port volumes remain lackluster, there is not as much freight to move on trucks, causing the market to stay relatively stagnant ahead of what typically is the busy holiday season. US truckload rates unlikely to see major holiday bump amid […]
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