USDA invests 0 million to boost agricultural sector’s export efforts The fresh funding is part of recent federal efforts to increase economic opportunities for farmers and lower food costs for US residents. USDA invests 0 million to boost agricultural sector’s export efforts Journal of Commerce
Read More →USDA invests $200 million to boost agricultural sector’s export efforts
on November 29, 2023in Industry News
UP boosts intermodal service with new Houston connections, Phoenix ramp
on November 29, 2023in Industry News
UP boosts intermodal service with new Houston connections, Phoenix ramp The Class I railroad sees an opportunity to tap growth at the Gulf Coast’s busiest port with new intermodal lanes, while expanding its inland reach from Los Angeles and Long Beach. UP boosts intermodal service with new Houston connections, Phoenix ramp Journal of Commerce
Read More →Oversupplied Asia-Europe ocean trade readies for two December rate hikes
on November 29, 2023in Industry News
Oversupplied Asia-Europe ocean trade readies for two December rate hikes The westbound trades out of Asia are heading into tender season with carriers attempting to lift rate levels before locking in long-term contracts being eroded by surplus capacity. Oversupplied Asia-Europe ocean trade readies for two December rate hikes Journal of Commerce
Read More →New CMA CGM service adds to intra-Asia capacity boost for Indian shippers
on November 29, 2023in Industry News
New CMA CGM service adds to intra-Asia capacity boost for Indian shippers The move complements a flurry of Asia-India service additions by niche regional carriers and newer feeder operators in recent months. New CMA CGM service adds to intra-Asia capacity boost for Indian shippers Journal of Commerce
Read More →FMC judge rules in favor of HMM in rolled cargo complaint
on November 28, 2023in Industry News
FMC judge rules in favor of HMM in rolled cargo complaint Despite initially failing to meet capacity commitments, the carrier extended the contract for three months at the previous year’s rate, saving the shipper $180,000. FMC judge rules in favor of HMM in rolled cargo complaint Journal of Commerce
Read More →End of EU block exemption a ‘missed opportunity’ for regulators: ITF’s Merk
on November 28, 2023in Industry News
End of EU block exemption a ‘missed opportunity’ for regulators: ITF’s Merk European regulators have never had enough information to effectively monitor the container shipping industry since the consortia block exemption rule was introduced in 2009, according to Olaf Merk. End of EU block exemption a ‘missed opportunity’ for regulators: ITF’s Merk Journal of Commerce
Read More →Busy intra-Asia market bucks trend in driving container demand growth: analyst
on November 28, 2023in Industry News
Busy intra-Asia market bucks trend in driving container demand growth: analyst The intra-Asian region is expected to be a hotbed of mergers and acquisitions in container shipping because that is where the growth in container demand is centered, writes analyst Lars Jensen. Busy intra-Asia market bucks trend in driving container demand growth: analyst Journal of […]
Read More →India-US contract rates hit fresh lows despite lower capacity from sailing cuts
on November 28, 2023in Industry News
India-US contract rates hit fresh lows despite lower capacity from sailing cuts Given the persistent downward pressure on demand, it remains to be seen if India-US carriers will be able to push through a new round of modest rate hikes planned for December. India-US contract rates hit fresh lows despite lower capacity from sailing cuts […]
Read More →Control of US LTL capacity in 2024 hangs on sale of Yellow terminals
on November 27, 2023in Industry News
Control of US LTL capacity in 2024 hangs on sale of Yellow terminals An auction of Yellow’s 174 owned terminals is scheduled for Tuesday, with winning bids to be disclosed on Friday while a separate battle continues over 149 leased terminals. Control of US LTL capacity in 2024 hangs on sale of Yellow terminals Journal […]
Read More →ONE readies India-US East Coast service as part of 2024 network rollout
on November 27, 2023in Industry News
ONE readies India-US East Coast service as part of 2024 network rollout The carrier is looking to expand beyond its two current services jointly offered with other liners with a standalone service meant to take advantage of the growing shift in sourcing from India. ONE readies India-US East Coast service as part of 2024 network […]
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