CMA CGM, Hapag-Lloyd join MSC in hiking India–US rates Later this month, CMA CGM and Hapag-Lloyd will impose general rate increases of $600 per FEU and $500 per FEU, respectively, on all shipments from India to North America, but with demand waning, those GRIs may not stick. CMA CGM, Hapag-Lloyd join MSC in hiking India–US […]
Read More →ILWU Office Clerical Unit negotiations under way in LA-LB
on March 6, 2023in Industry News
ILWU Office Clerical Unit negotiations under way in LA-LB Contract negotiations between International Longshore and Warehouse Union office workers and shipping lines and terminal operators in Southern California are proceeding slowly with the June 30 deadline approaching, even as the 10-month-old ILWU dockworker negotiations drag on. ILWU Office Clerical Unit negotiations under way in LA-LB […]
Read More →ILWU Office Clerical Unit negotiations underway in LA-LB
on March 6, 2023in Industry News
ILWU Office Clerical Unit negotiations underway in LA-LB Contract negotiations between International Longshore and Warehouse Union office workers and shipping lines and terminal operators in Southern California are proceeding slowly with the June 30 deadline approaching, even as the 10-month-old ILWU dockworker negotiations drag on. ILWU Office Clerical Unit negotiations underway in LA-LB Journal of […]
Read More →US SE ports prepping for more growth amid continued West Coast diversions
on March 6, 2023in Industry News
US SE ports prepping for more growth amid continued West Coast diversions Southeast ports are handling more imports from Asia than ever, but it’s unclear how much of that growth will stick once negotiations over a new West Coast longshore contract conclude. US SE ports prepping for more growth amid continued West Coast diversions Journal […]
Read More →US startup eyes street turn tech expansion throughout North America
on March 6, 2023in Industry News
US startup eyes street turn tech expansion throughout North America Technology startup Qualle is trying to overcome drayage industry inertia around matching empty import boxes with export loads outside of ports by using early-stage funding to serve every North American port market. US startup eyes street turn tech expansion throughout North America Journal of Commerce
Read More →More US shippers finding LTL savings, but no ‘price war’
on March 3, 2023in Industry News
More US shippers finding LTL savings, but no ‘price war’ Several US shippers tell the Journal of Commerce they are getting rate concessions from their less-than-truckload carriers, but the price cuts are far from universal and may depend on how shippers bid. More US shippers finding LTL savings, but no ‘price war’ Journal of Commerce
Read More →CMA CGM rides strong first half to record profits in 2022
on March 3, 2023in Industry News
CMA CGM rides strong first half to record profits in 2022 Even as demand headwinds buffet container lines, the CMA CGM Group posted record earnings in 2022 thanks to the lingering effects of the pandemic-fueled container market. CMA CGM rides strong first half to record profits in 2022 Journal of Commerce
Read More →US DOT opens $12.4 million in funding for maritime transportation projects
on March 3, 2023in Industry News
US DOT opens .4 million in funding for maritime transportation projects The federal government says it’s looking to fund projects across the country that will help move goods, particularly in rural areas, and strengthen the country’s supply chain. US DOT opens .4 million in funding for maritime transportation projects Journal of Commerce
Read More →HMM's two largest shareholders launch $6 billion share sale
on March 3, 2023in Industry News
HMM’s two largest shareholders launch billion share sale The share sale would give the new owners management control over HMM, which has led to speculation only South Korean firms would be allowed to participate. HMM’s two largest shareholders launch billion share sale Journal of Commerce
Read More →Nothing extreme about current unpredictability in container shipping: analyst
on March 3, 2023in Industry News
Nothing extreme about current unpredictability in container shipping: analyst Demand has slumped, overcapacity is on its way, and a rate war is igniting in the trans-Pacific, but analyst Lars Jensen says those factors are perfectly normal amid the cyclical downturn under way in container shipping. Nothing extreme about current unpredictability in container shipping: analyst Journal […]
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