Costco exits ship chartering with million charge Peak supply chain congestion prompted major US retailers to charter their own ships, but Costco is now unwinding that bet. Costco exits ship chartering with million charge International Freight
Read More →Latest US truckload, LTL PPIs surprise on the upside
on December 9, 2022in Industry News
Latest US truckload, LTL PPIs surprise on the upside Total US trucking costs rose in November, with revised US producer price index figures for truckload and LTL services indicating at least a temporary reversal in a months-long decline. Latest US truckload, LTL PPIs surprise on the upside Journal of Commerce
Read More →South Korean truckers vote to end 16-day strike
on December 9, 2022in Industry News
South Korean truckers vote to end 16-day strike A growing number of drivers returned to work in recent days amid increasing financial hardship and tougher policing of back-to-work orders by the South Korean government. South Korean truckers vote to end 16-day strike Journal of Commerce
Read More →Shipper demand speeding drop-and-hook ‘evolution’
on December 9, 2022in Industry News
Shipper demand speeding drop-and-hook ‘evolution’ Ryder System is joining the race to deploy more drop-and-hook trailer pools for shippers that need greater flexibility to reduce costs and counter supply chain disruption. Shipper demand speeding drop-and-hook ‘evolution’ Journal of Commerce
Read More →MSC lays out direct West Med connection for Indian shippers
on December 9, 2022in Industry News
MSC lays out direct West Med connection for Indian shippers MSC has put a heavier focus on the Indian market lately, which industry observers expect to remain resilient despite the demand challenges posed by ongoing recessionary conditions in Western economies. MSC lays out direct West Med connection for Indian shippers Journal of Commerce
Read More →Loss of Russia rail volume offset by rising Central Asia trade
on December 9, 2022in Industry News
Loss of Russia rail volume offset by rising Central Asia trade A broad shift in China-Europe rail from the northern route through Russia to the middle corridor transiting Central Asia is unlocking new and largely untapped containerized markets for service providers. Loss of Russia rail volume offset by rising Central Asia trade Journal of Commerce
Read More →US LTL volumes drop, but pricing proves resilient
on December 8, 2022in Industry News
US LTL volumes drop, but pricing proves resilient Less-than-truckload shipping volumes in the US are falling in the fourth quarter from all-time highs, but rates are slower to drop as carriers push back on absorbing higher costs. US LTL volumes drop, but pricing proves resilient Journal of Commerce
Read More →CMA CGM seeking US adaptability through NY-NJ terminals purchase
on December 8, 2022in Industry News
CMA CGM seeking US adaptability through NY-NJ terminals purchase CMA CGM said its acquisition of terminal assets in the key New York–New Jersey container gateway was designed around flexibility for shippers, not a bet on permanent shifts in US coastal market share. CMA CGM seeking US adaptability through NY-NJ terminals purchase Journal of Commerce
Read More →Long-term demand to steady MPV/HL fleet: analysts
on December 8, 2022in Industry News
Long-term demand to steady MPV/HL fleet: analysts The multipurpose/heavy-lift vessel sector is proving to be less volatile than the container and bulk sectors as the pandemic market normalizes, analysts say. Long-term demand to steady MPV/HL fleet: analysts Journal of Commerce
Read More →GSBN executive sees promise in post-TradeLens world
on December 8, 2022in Industry News
GSBN executive sees promise in post-TradeLens world The head of the Global Shipping Business Network, long seen as a rival to the now-defunct TradeLens, said the demise of the Maersk-led technology platform could eventually boost use of blockchain-backed tools in shipping. GSBN executive sees promise in post-TradeLens world Journal of Commerce
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