Don’t confuse ocean market collapse with carrier weakness: analyst Despite the collapse in spot rates, ocean carriers are fundamentally in a stronger position than in the past, and shippers would be wise not to confuse a temporary downcycle with the liners’ structurally stronger long-term position, writes analyst Lars Jensen. Don’t confuse ocean market collapse with […]
Read More →Don’t confuse ocean market collapse with carrier weakness: analyst
on January 12, 2023in Industry News
Jaxport secures funding to raise power lines for Blount Island big ship calls
on January 11, 2023in Industry News
Jaxport secures funding to raise power lines for Blount Island big ship calls The Port of Jacksonville said it has the estimated funding in place from the city and state of Florida to increase the air draft on its main ship channel to accommodate larger post-Panamax vessels. Jaxport secures funding to raise power lines for […]
Read More →USDA urges FMC to hone OSRA-22 export rules for ag shippers
on January 11, 2023in Industry News
USDA urges FMC to hone OSRA-22 export rules for ag shippers The Ocean Shipping Reform Act’s export provisions need further clarification to explain instances when US ag exports don’t get on a ship, the US Department of Agriculture said. USDA urges FMC to hone OSRA-22 export rules for ag shippers Journal of Commerce
Read More →Declining freight demand prompts Flexport to cut 20 percent of global staff
on January 11, 2023in Industry News
Declining freight demand prompts Flexport to cut 20 percent of global staff Falling demand for ocean and air freight services is driving headcount cuts across the logistics sector, with forwarder Flexport the latest to announce layoffs. Declining freight demand prompts Flexport to cut 20 percent of global staff Journal of Commerce
Read More →Antwerp-Bruges volume fell 5.2 percent in 2022 amid operational challenges
on January 11, 2023in Industry News
Antwerp-Bruges volume fell 5.2 percent in 2022 amid operational challenges Heavily disrupted shipping markets kept container handling at the Belgian hub of Antwerp-Bruges under pressure throughout 2022. Antwerp-Bruges volume fell 5.2 percent in 2022 amid operational challenges Journal of Commerce
Read More →Maersk, MSC add ships in restructured trans-Atlantic trade
on January 11, 2023in Industry News
Maersk, MSC add ships in restructured trans-Atlantic trade The disruption to trade lanes caused by the pandemic is over, but slowing demand has left carriers struggling to manage the existing capacity flooding back into service as congestion eases and new ships are delivered. Maersk, MSC add ships in restructured trans-Atlantic trade Journal of Commerce
Read More →Forward expands air-ground network, aiming for high-value freight
on January 10, 2023in Industry News
Forward expands air-ground network, aiming for high-value freight The acquisition of competitor Land Air Express expands Forward Air’s nationwide ground airport-to-airport network and capacity, Forward’s CEO says. Forward expands air-ground network, aiming for high-value freight Journal of Commerce
Read More →‘Pricing discipline’ to temper US LTL rate relief in 2023
on January 10, 2023in Industry News
‘Pricing discipline’ to temper US LTL rate relief in 2023 Shippers can expect some rate relief and improved LTL service in 2023 as demand softens and shipping patterns normalize, which for carriers will take some of the shine off the sector’s recent golden glow. ‘Pricing discipline’ to temper US LTL rate relief in 2023 Journal […]
Read More →Fallout from ocean rate collapse to define market ‘status quo’ in 2023
on January 10, 2023in Industry News
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 →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
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