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
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 →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 →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 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
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 →European decarbonization goals need more funding: transport groups
on April 5, 2024in Industry News
European decarbonization goals need more funding: transport groups Without a significant increase in EU funding, the ambitious emissions-cutting targets for 2030 and 2050 will be difficult to meet, the coalition told the European Commission this week. European decarbonization goals need more funding: transport groups Journal of Commerce
Read More →FMC unit seeks $63 million fine against MSC for alleged shipping law violations
on April 4, 2024in Industry News
FMC unit seeks million fine against MSC for alleged shipping law violations The recommended fine, which requires approval from an FMC judge, aims to rebuke the world’s largest shipping company for alleged multiple violations around detention and demurrage billing. FMC unit seeks million fine against MSC for alleged shipping law violations Journal of Commerce
Read More →BNSF testing terminal fluidity measures ahead of appointment system rollout
on April 4, 2024in Industry News
BNSF testing terminal fluidity measures ahead of appointment system rollout The railroad is gathering information on how to streamline the flow of trucks through terminals ahead of launching an appointment system later this year at three key hubs. BNSF testing terminal fluidity measures ahead of appointment system rollout Journal of Commerce
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