No easy fix on horizon for Panama Canal woes as shipping sector scrambles Carriers, shippers and logistics executives may have to get accustomed to drought-related restrictions along the Panama Canal, with costly water-saving infrastructure improvements years away. No easy fix on horizon for Panama Canal woes as shipping sector scrambles Journal of Commerce
Read More →No easy fix on horizon for Panama Canal woes as shipping sector scrambles
on November 17, 2023in Industry News
Oversupply weighs heavily on US truckload market
on November 16, 2023in Industry News
Oversupply weighs heavily on US truckload market Although small trucking firms are folding, there is still a large supply of carriers and trucks keeping a lid on pricing amid soft demand. Oversupply weighs heavily on US truckload market Journal of Commerce
Read More →Oversupply weighs heavily on US truckload market, keeping prices in check
on November 16, 2023in Industry News
Oversupply weighs heavily on US truckload market, keeping prices in check Although small trucking firms are folding, there is still a large supply of carriers and trucks keeping a lid on pricing amid soft demand. Oversupply weighs heavily on US truckload market, keeping prices in check Journal of Commerce
Read More →MPV indices from Toepfer, Drewry continue down different paths
on November 16, 2023in Industry News
MPV indices from Toepfer, Drewry continue down different paths While long-term optimism supports the MPV market, industry analysts see short-term divergence in time charter rate averages. MPV indices from Toepfer, Drewry continue down different paths Journal of Commerce
Read More →Intermodal savings poised to remain steady through end of the year: ISI
on November 16, 2023in Industry News
Intermodal savings poised to remain steady through end of the year: ISI Shippers saved nearly 26% using domestic intermodal instead of highway options in the third quarter, roughly in line with long-term averages. Intermodal savings poised to remain steady through end of the year: ISI Journal of Commerce
Read More →US imports from Asia hit 2023 high in October despite muted peak season
on November 16, 2023in Industry News
US imports from Asia hit 2023 high in October despite muted peak season While October is typically one of the busiest months of the year for West Coast ports, the region’s market share of imports from Asia slipped markedly from September, but carrier executives said that was an anomaly linked to capacity cuts in the […]
Read More →Cosco, Varamar expand MPV reach with strategic partnership
on November 15, 2023in Industry News
Cosco, Varamar expand MPV reach with strategic partnership The aim of the venture is to broaden the scope of the companies’ current operations, both geographically and in vessel size. Cosco, Varamar expand MPV reach with strategic partnership Journal of Commerce
Read More →Grim 2024 outlook drives Zim to take huge Q3 impairment loss
on November 15, 2023in Industry News
Grim 2024 outlook drives Zim to take huge Q3 impairment loss The carrier is expecting next year to be dominated by significant overcapacity and weak demand, and with its balance sheet awash with expensive time charter capacity, it decided to factor in expected losses early. Grim 2024 outlook drives Zim to take huge Q3 impairment […]
Read More →House bill seeks to ensure funding for CBP capital costs linked to port inspections
on November 15, 2023in Industry News
House bill seeks to ensure funding for CBP capital costs linked to port inspections The bill is a response to growing CBP demands that ports pay for new inspection-related equipment, or risk having the agency reduce the amount of time its officers spend performing inspections. House bill seeks to ensure funding for CBP capital costs […]
Read More →Hamburg port volume turns positive in Q3 amid boost in Asia business
on November 15, 2023in Industry News
Hamburg port volume turns positive in Q3 amid boost in Asia business There was significant improvement in Hamburg’s operational indicators through the third quarter, especially those covering trade with China, its biggest source of imports. Hamburg port volume turns positive in Q3 amid boost in Asia business Journal of Commerce
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