ILA’s Daggett raises US East, Gulf Coast port strike possibility Ahead of an International Longshoremen’s Association conference, president Harold Daggett has warned union rank-and-file to be prepared for the “possibility of a coast-wide strike.” ILA’s Daggett raises US East, Gulf Coast port strike possibility Journal of Commerce
Read More →ILA's Daggett raises US East, Gulf Coast port strike possibility
on November 5, 2023in Industry News
Delaware’s planned Edgemoor terminal gets grant from US port funding program
on November 3, 2023in Industry News
Delaware’s planned Edgemoor terminal gets grant from US port funding program Along with the grant for the Port of Wilmington’s proposed container terminal, Tacoma and Long Beach received grants for improving truck and rail access, respectively. Delaware’s planned Edgemoor terminal gets grant from US port funding program Journal of Commerce
Read More →Falling backhaul Europe-Asia rates ‘subsidizing’ eastbound freight moves
on November 3, 2023in Industry News
Falling backhaul Europe-Asia rates ‘subsidizing’ eastbound freight moves With weak demand for European imports in Asia and ample vessel capacity, spot rate levels on the backhaul trade are in freefall. Falling backhaul Europe-Asia rates ‘subsidizing’ eastbound freight moves Journal of Commerce
Read More →Convoy acquisition meant to serve import customer truckload demand: Flexport CEO
on November 3, 2023in Industry News
Convoy acquisition meant to serve import customer truckload demand: Flexport CEO Ryan Petersen tells the Journal of Commerce that the first order of business after this week’s acquisition of Convoy’s tech stack is getting the Convoy app running again and reaching out to the shuttered company’s customers. Convoy acquisition meant to serve import customer truckload […]
Read More →Volume growth underscores need for expansion at Port Tanger Med
on November 3, 2023in Industry News
Volume growth underscores need for expansion at Port Tanger Med Given the current growth rate, Morrocco’s Tanger Med could reach its nominal annual container capacity of 9 million TEUs as early as next year. Volume growth underscores need for expansion at Port Tanger Med Journal of Commerce
Read More →Maersk cuts more jobs, warns of ‘dire situation’ for container market
on November 3, 2023in Industry News
Maersk cuts more jobs, warns of ‘dire situation’ for container market The carrier expects no short-term improvement in the container shipping market as large numbers of new vessels are delivered and capacity management measures appear unable to stem falling rate levels. Maersk cuts more jobs, warns of ‘dire situation’ for container market Journal of Commerce
Read More →‘Aggressive’ truck brokers stuck in soft market: C.H. Robinson
on November 2, 2023in Industry News
‘Aggressive’ truck brokers stuck in soft market: C.H. Robinson The largest US freight broker expects more companies to follow Convoy and exit the market as demand remains weak and rates stay low. ‘Aggressive’ truck brokers stuck in soft market: C.H. Robinson Journal of Commerce
Read More →ONE expands Indian network amid signs of export trade recovery
on November 2, 2023in Industry News
ONE expands Indian network amid signs of export trade recovery A raft of recent service additions and enhancements has cemented the carrier’s intra-Asia reach for Indian customers. ONE expands Indian network amid signs of export trade recovery Journal of Commerce
Read More →Automation forcing its way into freight audit and payment market
on November 2, 2023in Industry News
Automation forcing its way into freight audit and payment market The need for shippers and brokers to speed up the auditing and payment of freight bills is bringing AI and automation-focused vendors to the fore. Automation forcing its way into freight audit and payment market Journal of Commerce
Read More →Carriers, shippers prepare for 2024 amid spectrum of uncertainty: analyst
on November 2, 2023in Industry News
Carriers, shippers prepare for 2024 amid spectrum of uncertainty: analyst Forecasts are important for the container shipping industry, but it comes down to identifying and categorizing risk and then using that approach to develop a robust plan in the face of “known uncertainties,” writes analyst Lars Jensen. Carriers, shippers prepare for 2024 amid spectrum of […]
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