Deloitte taps asset-tracking provider Nexxiot for cargo risk management product Transportation sensor provider Nexxiot and Deloitte are aiming to connect cargo visibility data with the consulting firm’s “know your customer” process to fast-track container movement. Deloitte taps asset-tracking provider Nexxiot for cargo risk management product Journal of Commerce
Read More →Deloitte taps asset-tracking provider Nexxiot for cargo risk management product
on October 12, 2023in Industry News
New cranes put NY-NJ port on track to handle more ultra-large ships by 2025
on October 12, 2023in Industry News
New cranes put NY-NJ port on track to handle more ultra-large ships by 2025 While more port dredging will also be necessary, New York-New Jersey marine terminals are installing more of the cranes needed to handle 18,000-TEU ships that may eventually call the port. New cranes put NY-NJ port on track to handle more ultra-large […]
Read More →Final-mile push drives growth in multistory warehouses in congested US cities
on October 12, 2023in Industry News
Final-mile push drives growth in multistory warehouses in congested US cities A number of multistory warehouses are planned for urban areas around the US as developers say dependable, same-day delivery in congested cities outweighs the higher costs involved in constructing two- to five-story structures. Final-mile push drives growth in multistory warehouses in congested US cities […]
Read More →Ocean carriers survey changing market and ponder next course of action
on October 12, 2023in Industry News
Ocean carriers survey changing market and ponder next course of action As the container shipping industry looks toward 2024, with historic pandemic-driven profits only a memory and expectations for a recovery fading fast, the question of how carriers will react is very much a topic of speculation. Ocean carriers survey changing market and ponder next […]
Read More →Global MPV indexes diverge amid strength in European short-sea trade
on October 11, 2023in Industry News
Global MPV indexes diverge amid strength in European short-sea trade Toepfer’s multipurpose index has maintained its downward momentum due partly to a delay in the emergence of wind cargoes, while Drewry’s index showed some signs of life following a summer dip. Global MPV indexes diverge amid strength in European short-sea trade Journal of Commerce
Read More →Overcapacity offers trans-Pacific shippers a familiar — and unreliable — bargain
on October 11, 2023in Industry News
Overcapacity offers trans-Pacific shippers a familiar — and unreliable — bargain Efforts by carriers to mitigate overcapacity via blank sailings amid depressed container spot rates spell sustained deterioration in container service in general for the foreseeable future, writes Journal of Commerce Executive Editor Mark Szakonyi. Overcapacity offers trans-Pacific shippers a familiar — and unreliable — […]
Read More →Coming end to European block exemption evokes mixed reaction from analysts
on October 11, 2023in Industry News
Coming end to European block exemption evokes mixed reaction from analysts The European Commission’s announcement that the Consortia Block Exemption Regulation was “no longer fit for purpose” and will not be renewed when it expires next April blindsided most in the container shipping industry who were expecting a revision of the rule rather than its […]
Read More →India-US Indamex 2 service drops Norfolk call as demand pressure persists
on October 11, 2023in Industry News
India-US Indamex 2 service drops Norfolk call as demand pressure persists Hapag-Lloyd and CMA CGM jointly opened the IN2 in September 2021 as a complementary loop to their sought-after Indamex service to capitalize on pandemic-linked demand swings. India-US Indamex 2 service drops Norfolk call as demand pressure persists Journal of Commerce
Read More →Supply-demand imbalance drags down Cosco’s nine-month profits
on October 11, 2023in Industry News
Supply-demand imbalance drags down Cosco’s nine-month profits The normalization of container shipping markets is being accelerated by a surplus of capacity, with predictable results on the profitability of ocean carriers. Supply-demand imbalance drags down Cosco’s nine-month profits Journal of Commerce
Read More →Montreal port gets federal funds for mega-terminal after operators balk at risk
on October 10, 2023in Industry News
Montreal port gets federal funds for mega-terminal after operators balk at risk The Montreal Port Authority said the funding will allow it to “implement a new delivery model” for the Contrecoeur terminal project after talks with initial bidders did not lead to a “satisfactory” result. Montreal port gets federal funds for mega-terminal after operators balk […]
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