Port of South Louisiana buys Avondale terminal as wind cargo boost looms The acquisition of Avondale by the port comes just as the state of Louisiana readies to auction its first round of offshore wind leases. Port of South Louisiana buys Avondale terminal as wind cargo boost looms Journal of Commerce
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on January 18, 2023in Industry News
Market fallout from OSRA-22 to become clearer in 2023
on January 18, 2023in Industry News
Market fallout from OSRA-22 to become clearer in 2023 Whether OSRA-22 — and increased FMC scrutiny — will produce tangible changes in how carriers and terminals calculate and convey detention and demurrage charges is still yet to be seen, as inaccurate invoices continue to plague shippers. Market fallout from OSRA-22 to become clearer in 2023 […]
Read More →Intermodal markets shift into recession after no peak season: J.B. Hunt
on January 18, 2023in Industry News
Intermodal markets shift into recession after no peak season: J.B. Hunt Intermodal shippers are sitting on the sidelines until warehouses unclog and rail service improves, which will result in lower contract rates for shippers in 2023. Intermodal markets shift into recession after no peak season: J.B. Hunt Journal of Commerce
Read More →China keeps grip on global production, but search for options continues
on January 18, 2023in Industry News
China keeps grip on global production, but search for options continues The pandemic-induced supply chain disruptions in China have left importers searching for more resilience and flexibility in their existing supply chains rather than racing for the exits. China keeps grip on global production, but search for options continues Journal of Commerce
Read More →Asia-Europe capacity cuts grow as CNY fails to boost demand
on January 18, 2023in Industry News
Asia-Europe capacity cuts grow as CNY fails to boost demand Carriers on the Asia-Europe trade have stepped up capacity management measures as demand weakens through the traditionally busy Lunar New Year period and beyond. Asia-Europe capacity cuts grow as CNY fails to boost demand Journal of Commerce
Read More →ECU parent forms investment partnership with logistics-focused VC firm
on January 18, 2023in Industry News
ECU parent forms investment partnership with logistics-focused VC firm A partnership between venture firm Northstar and India’s Allcargo Group is meant to formalize their joint investment plans into logistics-focused startups over the next year. ECU parent forms investment partnership with logistics-focused VC firm Journal of Commerce
Read More →Trans-Pac spot rate spread for East, West coasts narrows sharply ahead of Lunar New Year
on January 17, 2023in Industry News
Trans-Pac spot rate spread for East, West coasts narrows sharply ahead of Lunar New Year The narrowing spread between East and West coast spot rates in the eastbound trans-Pacific comes as spot rates to the East Coast have fallen by 18 percent over the past six weeks while West Coast rates have ticked slightly higher. […]
Read More →Trans-Pac spot rate spread for East, West coasts narrows ahead of Lunar New Year
on January 17, 2023in Industry News
Trans-Pac spot rate spread for East, West coasts narrows ahead of Lunar New Year The narrowing spread between East and West coast spot rates in the eastbound trans-Pacific comes as spot rates to the East Coast have fallen by 18 percent over the past six weeks while West Coast rates have ticked slightly higher. Trans-Pac […]
Read More →US shippers still facing LTL rate pressure: Cowen/AFS study
on January 17, 2023in Industry News
US shippers still facing LTL rate pressure: Cowen/AFS study Less-than-truckload rates are rising despite economic headwinds as accessorials, general rate increases, and a trend toward higher freight rate classes support a high pricing floor. US shippers still facing LTL rate pressure: Cowen/AFS study Journal of Commerce
Read More →French port group Haropa expands inland river network
on January 17, 2023in Industry News
French port group Haropa expands inland river network Import weakness kept volume flat at the merged French ports of Le Havre, Rouen, and Paris, but an improved river and rail network resulted in a large rise in hinterland traffic. French port group Haropa expands inland river network Journal of Commerce
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