Spot truckload rates rising at US East Coast ports, falling on West Coast Analysts have told the Journal of Commerce they expect spot market pricing to bottom out and remain flat for some time before rising again, most likely at a slow pace. Spot truckload rates rising at US East Coast ports, falling on West […]
Read More →Spot truckload rates rising at US East Coast ports, falling on West Coast
on February 7, 2023in Industry News
US retailers offer little optimism in gloomy H1 import forecast
on February 7, 2023in Industry News
US retailers offer little optimism in gloomy H1 import forecast The uncertain direction of the US economy is prompting consumers to hit the pause button on their buying habits, forcing a major retail group to further downgrade import projections through the first half of the year. US retailers offer little optimism in gloomy H1 import […]
Read More →Uncertain market clouds outlook for South China terminal operator
on February 7, 2023in Industry News
Uncertain market clouds outlook for South China terminal operator Slowing global trade and tough Chinese measures to combat COVID-19 infections dragged down volume last year at Hutchison Ports subsidiary HPH Trust. Uncertain market clouds outlook for South China terminal operator Journal of Commerce
Read More →Overhaul acquires competitor to consolidate freight risk management market
on February 7, 2023in Industry News
Overhaul acquires competitor to consolidate freight risk management market Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe. Overhaul acquires competitor to consolidate freight risk management market Journal of Commerce
Read More →Overhaul acquisition consolidates freight risk management market
on February 7, 2023in Industry News
Overhaul acquisition consolidates freight risk management market Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe. Overhaul acquisition consolidates freight risk management market Journal of Commerce
Read More →FMC administrative judge rules in truckers’ favor in chassis dispute
on February 6, 2023in Industry News
FMC administrative judge rules in truckers’ favor in chassis dispute Ocean carriers cannot limit the use of chassis by motor carriers in merchant haulage, the FMC’s chief administrative judge said in an “initial” summary decision meant to resolve a long-running dispute. FMC administrative judge rules in truckers’ favor in chassis dispute Journal of Commerce
Read More →FMC order for MSC to justify congestion fee marks first under OSRA-22
on February 6, 2023in Industry News
FMC order for MSC to justify congestion fee marks first under OSRA-22 The Federal Maritime Commission has exercised its first use of new legal authority under OSRA-22 requiring an ocean carrier to justify the reason behind levying a congestion surcharge against a shipper. FMC order for MSC to justify congestion fee marks first under OSRA-22 […]
Read More →Sharp increase in capacity keeps trans-Atlantic rates under pressure
on February 6, 2023in Industry News
Sharp increase in capacity keeps trans-Atlantic rates under pressure Carriers on the trans-Atlantic find themselves in the curious position of adding capacity to the trade while at the same time having to blank sailings to maintain the supply-demand balance. Sharp increase in capacity keeps trans-Atlantic rates under pressure Journal of Commerce
Read More →MSC extends Asia-USWC string to India as primary market demand wanes
on February 6, 2023in Industry News
MSC extends Asia-USWC string to India as primary market demand wanes With the extended port reach into India, carriers are looking to fill leftover capacity from Southeast Asia as primary market volumes slow and US sourcing within Asia diversifies beyond China, sources say. MSC extends Asia-USWC string to India as primary market demand wanes Journal […]
Read More →US retailers’ global sourcing strategy will take time to develop: analysts
on February 3, 2023in Industry News
US retailers’ global sourcing strategy will take time to develop: analysts As the size of China’s workforce declines and production challenges increase, US retailers are shifting to global sourcing strategies, with each sector looking for the business model that meets its particular requirements. US retailers’ global sourcing strategy will take time to develop: analysts Journal […]
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