US transport providers lose fewer jobs than expected in January Courier, trucking, and warehousing firms lost workers last month, but the seasonal surge and purge was more muted than expected, reflecting broader labor market resilience. US transport providers lose fewer jobs than expected in January Journal of Commerce
Read More →End of 2M Alliance will set dominoes in motion across ocean shipping: analyst
on February 3, 2023in Industry News
End of 2M Alliance will set dominoes in motion across ocean shipping: analyst The announced dissolution of the 2M Alliance raises the question of what additional large-scale dominoes might be toppling over in the next few years in the container shipping sector, writes analyst Lars Jensen. End of 2M Alliance will set dominoes in motion […]
Read More →US ‘freight recession’ putting motor carrier financing tools to the test
on February 3, 2023in Industry News
US ‘freight recession’ putting motor carrier financing tools to the test Smaller US truckload carriers and the companies that provide them with access to working capital are under increasing pressure as cargo demand slows. US ‘freight recession’ putting motor carrier financing tools to the test Journal of Commerce
Read More →New IMO rules force global reefer fleet to confront uncertain future
on February 3, 2023in Industry News
New IMO rules force global reefer fleet to confront uncertain future The specialized reefer fleet has proven to be remarkably resilient in the face of various challenges, but now it must deal with the latest threat in the form of new IMO environmental regulations. New IMO rules force global reefer fleet to confront uncertain future […]
Read More →C.H. Robinson reaffirms commitment to global forwarding business
on February 2, 2023in Industry News
C.H. Robinson reaffirms commitment to global forwarding business The largest US logistics provider claims “compelling results” from cross-selling surface transportation and air and ocean services, despite weak market conditions. C.H. Robinson reaffirms commitment to global forwarding business Journal of Commerce
Read More →Rapid container rate decline complicates payment picture for shippers
on February 2, 2023in Industry News
Rapid container rate decline complicates payment picture for shippers US importers that renegotiated contract rates or shifted to the spot market in the second half of 2022 have also had to adjust to different accessorial charges and transmission formats. Rapid container rate decline complicates payment picture for shippers Journal of Commerce
Read More →MSC opens more direct port connections for Indian exporters as volumes taper
on February 2, 2023in Industry News
MSC opens more direct port connections for Indian exporters as volumes taper The expansion of origin-to-destination ocean connectivity with predictable transit time improvements is a boon for Indian exporters trying to find untapped markets for their products amid slowing demand. MSC opens more direct port connections for Indian exporters as volumes taper Journal of Commerce
Read More →DSV books record result for 2022, but warns that bull run for profits is over
on February 2, 2023in Industry News
DSV books record result for 2022, but warns that bull run for profits is over The pandemic-driven bull run culminated in a highly profitable result for Denmark’s DSV in 2022, but a return to a more “normal” market has begun. DSV books record result for 2022, but warns that bull run for profits is over […]
Read More →2M breakup throws carriers’ operating playbook out the window
on February 2, 2023in Industry News
2M breakup throws carriers’ operating playbook out the window The breakup of the 2M Alliance opens the door to a few possibilities, including the industry reverting to a competitive scramble for market share, driving down profits and forcing yet another round of M&A activity, writes Peter Tirschwell. 2M breakup throws carriers’ operating playbook out the […]
Read More →Freightify lands funding to target digital rate management in North America
on February 2, 2023in Industry News
Freightify lands funding to target digital rate management in North America Technology provider Freightify is aiming to empower forwarders to build an online quoting presence that would lessen their reliance on rate marketplaces. Freightify lands funding to target digital rate management in North America Journal of Commerce
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