Green rules, tighter capacity make case for 2024 rate boost: Hapag-Lloyd CEO Rolf Habben Jansen said current rates are “not sustainable” given higher overall operating costs and the potential that excess ship capacity will be absorbed due to Panama Canal diversions and greenhouse gas rules. Green rules, tighter capacity make case for 2024 rate boost: […]
Read More →Green rules, tighter capacity make case for 2024 rate boost: Hapag-Lloyd CEO
on December 7, 2023in Industry News
Domestic intermodal ‘havoc’ could give way to growth period: analyst
on December 7, 2023in Industry News
Domestic intermodal ‘havoc’ could give way to growth period: analyst While the domestic intermodal market may have been in turmoil for the last several years, all stakeholders look ready to support continued growth, writes Ted Prince. Domestic intermodal ‘havoc’ could give way to growth period: analyst Journal of Commerce
Read More →Bankrupt Yellow suspends auction of 147 leased terminals until Dec. 18
on December 7, 2023in Industry News
Bankrupt Yellow suspends auction of 147 leased terminals until Dec. 18 Suspending the auction of its remaining leased properties may give defunct LTL provider Yellow time to work out difficulties with landlords over the leases of potentially valuable properties. Bankrupt Yellow suspends auction of 147 leased terminals until Dec. 18 Journal of Commerce
Read More →Carriers adjust to rules requiring ETS surcharge to be included in China exports base rate
on December 7, 2023in Industry News
Carriers adjust to rules requiring ETS surcharge to be included in China exports base rate While the preferred approach by carriers is to calculate exposure to the ETS and recover costs per container in a separate surcharge, that will not be possible for Chinese exports to Europe under Shanghai Shipping Exchange regulations. Carriers adjust to […]
Read More →US DOT data-sharing initiative on cargo visibility gaining momentum
on December 6, 2023in Industry News
US DOT data-sharing initiative on cargo visibility gaining momentum The Freight Logistics Optimization Works (FLOW) program offers a free view of supply-demand data across several metrics to help make transportation management decisions easier for US supply chain stakeholders. US DOT data-sharing initiative on cargo visibility gaining momentum Journal of Commerce
Read More →ODFL Q4 operating data underscores softness in US LTL trucking market
on December 6, 2023in Industry News
ODFL Q4 operating data underscores softness in US LTL trucking market The second-largest US LTL provider saw daily shipments increase less than 1% year over year in November, signaling continued softness in underlying LTL demand as the post-Yellow market settles. ODFL Q4 operating data underscores softness in US LTL trucking market Journal of Commerce
Read More →Nestlé inks deals with carriers to move volume via green transport services
on December 6, 2023in Industry News
Nestlé inks deals with carriers to move volume via green transport services The world’s largest food and beverage company is the latest shipper to sign on to emissions-cutting services, committing half its global shipping volume to premium green products offered by Hapag-Lloyd, Maersk and CMA CGM. Nestlé inks deals with carriers to move volume via […]
Read More →MSC bid for French forwarder extends carrier’s recent buying spree
on December 6, 2023in Industry News
MSC bid for French forwarder extends carrier’s recent buying spree There has been no sign of a slowdown in the carrier’s acquisition activities as it uses its cash-rich position to expand footprints in key port and logistics markets. MSC bid for French forwarder extends carrier’s recent buying spree Journal of Commerce
Read More →Congressmen push FMC to form national advisory committee on port matters
on December 5, 2023in Industry News
Congressmen push FMC to form national advisory committee on port matters With shippers already having a say in regulation and policy, two House members are urging maritime regulators to give marine terminal operators and public port authorities a seat at the table. Congressmen push FMC to form national advisory committee on port matters Journal of […]
Read More →GPA lines up final funding for Northeast Georgia inland rail terminal
on December 5, 2023in Industry News
GPA lines up final funding for Northeast Georgia inland rail terminal The Blue Ridge Connector will have 18,000 feet of working track and an annual lift capacity of up to 200,000 containers while providing shippers with an all-rail service from Savannah. GPA lines up final funding for Northeast Georgia inland rail terminal Journal of Commerce
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