US LTL freight volumes starting to improve ahead of spring: ODFL Old Dominion Freight Line “has its fingers crossed” that the decline in less-than-truckload volumes is turning and an increase in freight demand will be seen in March or the second quarter. US LTL freight volumes starting to improve ahead of spring: ODFL Journal of […]
Read More →US LTL freight volumes starting to improve ahead of spring: ODFL
on February 1, 2023in Industry News
Improved US cargo flow drives continued gains in trans-Pacific schedule reliability
on February 1, 2023in Industry News
Improved US cargo flow drives continued gains in trans-Pacific schedule reliability The return of US ports to normal cargo flow is demonstrated starkly in the year-over-year comparisons of vessel schedule reliability in the Asia-US trade. Improved US cargo flow drives continued gains in trans-Pacific schedule reliability Journal of Commerce
Read More →Early Lunar New Year stalls Asian air cargo recovery
on February 1, 2023in Industry News
Early Lunar New Year stalls Asian air cargo recovery The traditional air cargo market slowdown has been exaggerated by an early start to the Lunar New Year and an unfavorable comparison with last year’s robust peak season. Early Lunar New Year stalls Asian air cargo recovery Journal of Commerce
Read More →Sourcing shift from China pulls US import share to more than a decade low
on February 1, 2023in Industry News
Sourcing shift from China pulls US import share to more than a decade low Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam, India, and South Korea, writes Journal of Commerce Executive Editor Mark Szakonyi. Sourcing shift from China pulls […]
Read More →Intermodal contract savings fell in Q4 ahead of 2023 bids
on February 1, 2023in Industry News
Intermodal contract savings fell in Q4 ahead of 2023 bids Shippers saved less than in prior quarters on their intermodal contracts to close 2022, setting up a race to the bottom this year to keep freight on the rails. Intermodal contract savings fell in Q4 ahead of 2023 bids Journal of Commerce
Read More →UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023
on January 31, 2023in Industry News
UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023 Technology that connects and automates packages, trucks, and sorting facilities will come to the fore at UPS this year as the largest US logistics provider positions itself for an economic rebound. UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023 Journal of Commerce
Read More →Norfolk Southern adds to Southeast intermodal capacity with new cranes
on January 31, 2023in Industry News
Norfolk Southern adds to Southeast intermodal capacity with new cranes Norfolk Southern’s plan to bring more capacity to its international intermodal business this year has kicked off with new cranes enabling the stacking of marine containers at its Austell ramp in Georgia. Norfolk Southern adds to Southeast intermodal capacity with new cranes Journal of Commerce
Read More →Asia-Europe spot rates soften to pre-pandemic levels
on January 31, 2023in Industry News
Asia-Europe spot rates soften to pre-pandemic levels Carriers have entered 2023 with too much supply and not enough demand on the Asia-Europe trade, with rates continuing their downward spiral through January. Asia-Europe spot rates soften to pre-pandemic levels Journal of Commerce
Read More →Savannah aims for more cold-chain cargo with new reefer racks
on January 31, 2023in Industry News
Savannah aims for more cold-chain cargo with new reefer racks The Port of Savannah says plans for additional reefer rack capacity will add to its market share for cold chain imports coming into the US Southeast and Gulf Coast. Savannah aims for more cold-chain cargo with new reefer racks Journal of Commerce
Read More →ONE cuts profit forecast on persistent market weakness
on January 31, 2023in Industry News
ONE cuts profit forecast on persistent market weakness The first 2022 financial results from ocean container carriers are filtering in, revealing the impact of collapsing rates and demand on profitability levels. ONE cuts profit forecast on persistent market weakness Journal of Commerce
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