Latest push for US shipping reform to test regulatory appetite The long-term impact of container shipping’s moment in the sun — and in the crosshairs of regulators — will come down to which of two starkly divergent versions of reality carries sway in Washington in the coming months. Latest push for US shipping reform to […]
Read More →Demurrage invoicing complications cloud FMC’s free time rulemaking process
on April 12, 2023in Industry News
Demurrage invoicing complications cloud FMC’s free time rulemaking process The assessment of storage fees inside a terminal creates competitive pressures among marine terminal operators, their container lines customers, and the importers that contract with container lines. Demurrage invoicing complications cloud FMC’s free time rulemaking process Journal of Commerce
Read More →ILA, Halifax port employers reach tentative labor deal
on April 12, 2023in Industry News
ILA, Halifax port employers reach tentative labor deal Both sides say they won’t disclose details of the tentative agreement that would last through 2025 until it has been approved by their respective membership. ILA, Halifax port employers reach tentative labor deal Journal of Commerce
Read More →April GRIs, service contract moves to reveal ‘new’ trans-Pacific
on April 12, 2023in Industry News
April GRIs, service contract moves to reveal ‘new’ trans-Pacific After the flurry of April contracting action and rush of cargo to avoid new GRIs, carriers in May will show the industry the extent of their capacity control for their second half of the year, writes Executive Editor Mark Szakonyi. April GRIs, service contract moves to […]
Read More →JOC Rankings: US trucking sector keeps breaking revenue records
on April 12, 2023in Industry News
JOC Rankings: US trucking sector keeps breaking revenue records The 50 largest US trucking companies maintained a two-year double-digit growth streak and may add to that in 2023, despite a slower US economy. JOC Rankings: US trucking sector keeps breaking revenue records Journal of Commerce
Read More →Truckers entering US freight market keeping capacity abundant: DAT
on April 11, 2023in Industry News
Truckers entering US freight market keeping capacity abundant: DAT The number of for-hire trucking firms entering the US market is nearly as large as the number leaving on a monthly basis, which is helping to keep capacity loose despite the departures. Truckers entering US freight market keeping capacity abundant: DAT Journal of Commerce
Read More →Cosco Shipping Q1 profit plunge bodes ill for ocean carrier earnings
on April 11, 2023in Industry News
Cosco Shipping Q1 profit plunge bodes ill for ocean carrier earnings The Q1 profit estimates came as Cosco Shipping announced plans for a general rate increase on all dry and reefer cargo to the US from Asia, the Indian subcontinent, and the Middle East from May 15. Cosco Shipping Q1 profit plunge bodes ill for […]
Read More →CPKC may spur growth in Mexican intermodal market: analyst
on April 11, 2023in Industry News
CPKC may spur growth in Mexican intermodal market: analyst Data shows there is significant room for growth in the Mexican intermodal market, something the joining of Canadian Pacific Railway and Kansas City Southern could help spur, writes analyst Larry Gross. CPKC may spur growth in Mexican intermodal market: analyst Journal of Commerce
Read More →Trans-Pacific capacity fills as risk of GRIs hangs over shippers
on April 11, 2023in Industry News
Trans-Pacific capacity fills as risk of GRIs hangs over shippers How successful ocean carriers are in securing general rate increases comes down to the health of so-called green shoots of demand and the effectiveness of increased blanking of capacity. Trans-Pacific capacity fills as risk of GRIs hangs over shippers Journal of Commerce
Read More →ILWU stall LA-LB terminal openings after closures last week
on April 10, 2023in Industry News
ILWU stall LA-LB terminal openings after closures last week After effectively shutting down the ports of Los Angeles and Long Beach for two shifts last week, the largest International Longshore and Warehouse Union local on Monday engaged in a job action that delayed the start of cargo-handling. ILWU stall LA-LB terminal openings after closures last […]
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