Norfolk Southern to shut container spillover lot near Memphis Norfolk Southern Railway will shut one of two container spillover lots outside Memphis this week after a significant reduction in rail boxes coming into the inland hub from Savannah. Norfolk Southern to shut container spillover lot near Memphis Journal of Commerce
Read More →Hapag-Lloyd hit with FMC rail demurrage complaint
on December 29, 2022in Industry News
Hapag-Lloyd hit with FMC rail demurrage complaint The filing is just the latest in a barrage of complaints made against various container lines with the FMC in recent months, a flurry accelerated by major reform of US shipping law that went into effect in June. Hapag-Lloyd hit with FMC rail demurrage complaint Journal of Commerce
Read More →Southeast US ports adding capacity to handle long-term volume growth
on December 29, 2022in Industry News
Southeast US ports adding capacity to handle long-term volume growth Southeastern US ports are anticipating a volume slowdown in 2023, and hope to take the time to increase capacity ahead of the next surge in demand. Southeast US ports adding capacity to handle long-term volume growth Journal of Commerce
Read More →Falling US imports drive improved schedule reliability for carriers
on December 28, 2022in Industry News
Falling US imports drive improved schedule reliability for carriers Globally, schedule reliability in November increased in 31 of the 34 trade lanes measured by Sea-Intelligence Maritime Analysis, with 56.6 percent of vessels arriving on time overall. Falling US imports drive improved schedule reliability for carriers Journal of Commerce
Read More →Pandemic profits leave 3PLs well positioned as freight demand wanes
on December 28, 2022in Industry News
Pandemic profits leave 3PLs well positioned as freight demand wanes After two years of record profits, a continued softening of demand and increased competition will put forwarding margins under pressure in the first half of 2023. Pandemic profits leave 3PLs well positioned as freight demand wanes Journal of Commerce
Read More →Sealand takes slots on restarted US-Venezuela service
on December 28, 2022in Industry News
Sealand takes slots on restarted US-Venezuela service As the US eases sanctions that have helped cripple the Venezuelan economy, Maersk’s Sealand subsidiary is taking a small step to re-establish trade ties by offering a weekly service between the two countries. Sealand takes slots on restarted US-Venezuela service Journal of Commerce
Read More →US West Coast ports start 2023 virtually congestion-free
on December 28, 2022in Industry News
US West Coast ports start 2023 virtually congestion-free After a messy 2022, the West Coast is starting 2023 nearly congestion-free as worries rise about how much market share has been lost to the East and Gulf coasts. US West Coast ports start 2023 virtually congestion-free Journal of Commerce
Read More →Shippers, carriers in no rush to negotiate annual trans-Pacific contracts
on December 27, 2022in Industry News
Shippers, carriers in no rush to negotiate annual trans-Pacific contracts Contract rates will be lower this year, shippers, carriers, and analysts agree, but no one knows yet just how much lower reduced demand will take rates in the end. Shippers, carriers in no rush to negotiate annual trans-Pacific contracts Journal of Commerce
Read More →ONE acquiring US West Coast terminals from constituent lines
on December 27, 2022in Industry News
ONE acquiring US West Coast terminals from constituent lines The acquisition of a majority share of three terminals in Los Angeles and Oakland will allow Ocean Network Express to better coordinate vessel operations with those terminals and, in turn, improve cargo flow. ONE acquiring US West Coast terminals from constituent lines Journal of Commerce
Read More →EU ETS will come at steep cost for industry: analyst
on December 27, 2022in Industry News
EU ETS will come at steep cost for industry: analyst Although the precise cost of inclusion of container shipping in the EU’s Emissions Trading System is not fully known, it will likely exceed $10 billion annually, according to Journal of Commerce analyst Lars Jensen. EU ETS will come at steep cost for industry: analyst Journal […]
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