J.B. Hunt focusing on faster container turns to move more loads J.B. Hunt Transport Services will focus on working with shippers to empty containers in a more expedited manner as freight is moving slower than ever with box turn ratios falling for four consecutive years. J.B. Hunt focusing on faster container turns to move more […]
Read More →Matson expects weak demand, freight rates to continue through H1
on January 19, 2023in Industry News
Matson expects weak demand, freight rates to continue through H1 The softening outlook from niche carrier Matson foreshadows that the decline in US imports from Asia and the softening freight rates that began last fall are likely to continue through the first half of 2023. Matson expects weak demand, freight rates to continue through H1 […]
Read More →Half of trans-Pacific vessel capacity faces Lunar New Year cut: analyst
on January 19, 2023in Industry News
Half of trans-Pacific vessel capacity faces Lunar New Year cut: analyst While a 50 percent capacity cut is about typical in the eastbound trans-Pacific during the post-Lunar New Year lull, more blank sailings could be in the offing given the accelerating decline in US import demand. Half of trans-Pacific vessel capacity faces Lunar New Year […]
Read More →Excess US truckload capacity to bring contract rates back down to earth
on January 19, 2023in Industry News
Excess US truckload capacity to bring contract rates back down to earth Lower rates and abundant capacity should promote stability in the truckload market in 2023, but any semblance of normality is conditional, at best, until the broader US economy is on a more stable footing. Excess US truckload capacity to bring contract rates back […]
Read More →Empowered, but weary, importers eye streamlined Asia-US contract talks
on January 19, 2023in Industry News
Empowered, but weary, importers eye streamlined Asia-US contract talks The balance of power has shifted back to shippers for annual trans-Pacific contract negotiations, but many logistics managers, exhausted after the most chaotic and stressful period of their careers, could be more willing to work with forwarders or simply less motivated to haggle with carriers, writes […]
Read More →Terminal49 lands investment to pursue visibility automation
on January 19, 2023in Industry News
Terminal49 lands investment to pursue visibility automation Demand for ocean visibility surged through the pandemic, including among software providers needing real-time container milestone data, an area that software vendor Terminal49 has targeted in recent years. Terminal49 lands investment to pursue visibility automation Journal of Commerce
Read More →US truckload spot market nearing its floor: analysts
on January 18, 2023in Industry News
US truckload spot market nearing its floor: analysts US dry-van spot rates appear to be stabilizing, but contract rates are dropping by double-digit percentages as new pricing and service agreements take effect. US truckload spot market nearing its floor: analysts Journal of Commerce
Read More →US truckload spot market nearing its floor, analysts say
on January 18, 2023in Industry News
US truckload spot market nearing its floor, analysts say US dry-van spot rates appear to be stabilizing, but contract rates are dropping by double-digit percentages as new pricing and service agreements take effect. US truckload spot market nearing its floor, analysts say Journal of Commerce
Read More →Port of South Louisiana buys Avondale terminal as wind cargo boost looms
on January 18, 2023in Industry News
Port of South Louisiana buys Avondale terminal as wind cargo boost looms The acquisition of Avondale by the port comes just as the state of Louisiana readies to auction its first round of offshore wind leases. Port of South Louisiana buys Avondale terminal as wind cargo boost looms Journal of Commerce
Read More →Market fallout from OSRA-22 to become clearer in 2023
on January 18, 2023in Industry News
Market fallout from OSRA-22 to become clearer in 2023 Whether OSRA-22 — and increased FMC scrutiny — will produce tangible changes in how carriers and terminals calculate and convey detention and demurrage charges is still yet to be seen, as inaccurate invoices continue to plague shippers. Market fallout from OSRA-22 to become clearer in 2023 […]
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