Fallout from ocean rate collapse to define market ‘status quo’ in 2023 The collapse in ocean freight rates is a clear signal that the market is reverting to its pre-pandemic state, but the burning question for 2023 is whether that reversion is temporary. Fallout from ocean rate collapse to define market ‘status quo’ in 2023 […]
Read More →Fallout from ocean rate collapse to define market ‘status quo’ in 2023
on January 10, 2023in Industry News
Maersk’s new-look management team faces challenging operating environment
on January 10, 2023in Industry News
Maersk’s new-look management team faces challenging operating environment Maersk’s new executive lineup covers 15 areas of responsibility within the carrier and is a combination of long-term company leaders and those with experience from outside the group. Maersk’s new-look management team faces challenging operating environment Journal of Commerce
Read More →Roadrunner expedites West Coast-to-Chicago service to meet inland demand
on January 9, 2023in Industry News
Roadrunner expedites West Coast-to-Chicago service to meet inland demand The largest US point-to-point LTL carrier is speeding service from Southern California to Chicago, reducing the transit time to one to three business days as demand for velocity remains high. Roadrunner expedites West Coast-to-Chicago service to meet inland demand Journal of Commerce
Read More →Tight supply to keep warehousing costs rising despite slower freight growth
on January 9, 2023in Industry News
Tight supply to keep warehousing costs rising despite slower freight growth The rapid expansion of US industrial real estate is expected to slow in 2023 as warehouses are completed, capital costs rise, and the US economy slows, but capacity isn’t going to suddenly flood the market. Tight supply to keep warehousing costs rising despite slower […]
Read More →Asia-Europe capacity cuts lag market slowdown: analysts
on January 9, 2023in Industry News
Asia-Europe capacity cuts lag market slowdown: analysts With little sign of booking increases on the Asia-Europe trade ahead of Chinese New Year, analysts believe carriers will be oversupplied with capacity unless further cuts are made. Asia-Europe capacity cuts lag market slowdown: analysts Journal of Commerce
Read More →FMC nixes claim that proposed per diem rule adds to port congestion, pollution
on January 6, 2023in Industry News
FMC nixes claim that proposed per diem rule adds to port congestion, pollution The Federal Maritime Commission turned away a petition from ocean carriers and marine terminals claiming that limiting liability on per diem billing would translate into worsening port congestion and pollution. FMC nixes claim that proposed per diem rule adds to port congestion, […]
Read More →Demand for last-mile services fuels US transportation hiring
on January 6, 2023in Industry News
Demand for last-mile services fuels US transportation hiring Firms engaged in last-mile delivery hired fewer workers than expected in December, but still made big employment gains, while real trucking jobs in the US dropped in a typical seasonal pattern. Demand for last-mile services fuels US transportation hiring Journal of Commerce
Read More →US Gulf ports aim to sustain volume gains after banner 2022
on January 6, 2023in Industry News
US Gulf ports aim to sustain volume gains after banner 2022 Houston and Mobile are both in the middle of major expansion projects, including dredging to allow bigger ships to call, but those projects will not be complete until 2025 at the earliest. US Gulf ports aim to sustain volume gains after banner 2022 Journal […]
Read More →Shrinking US manufacturing cuts into truck demand
on January 5, 2023in Industry News
Shrinking US manufacturing cuts into truck demand The contraction in US manufacturing that began in late 2022 will help pull down truck tonnage — and perhaps pricing — in the first half of 2023. Shrinking US manufacturing cuts into truck demand Journal of Commerce
Read More →New container ship deliveries to exacerbate existing overcapacity
on January 5, 2023in Industry News
New container ship deliveries to exacerbate existing overcapacity Uncertainties around demand and supply are making it hard to gauge both the potential depth of the expected shipping downturn and its duration. New container ship deliveries to exacerbate existing overcapacity Journal of Commerce
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