Spot rate gains puts pressure on shippers delaying Asia-Europe contracts: Xeneta Additional upwards pressure might soon be brought to bear on spot rates, with forwarders expecting carriers to ramp up blank sailings through the fourth quarter to mitigate a significant injection of new capacity. Spot rate gains puts pressure on shippers delaying Asia-Europe contracts: Xeneta […]
Read More →Spot rate gains puts pressure on shippers delaying Asia-Europe contracts: Xeneta
on August 23, 2023in Industry News
Carriers hold fast to trans-Pac capacity cuts amid unclear import demand
on August 22, 2023in Industry News
Carriers hold fast to trans-Pac capacity cuts amid unclear import demand Blank sailings during August held largely steady from July as the outlook for US import demand remains unclear, according to forwarders. Carriers hold fast to trans-Pac capacity cuts amid unclear import demand Journal of Commerce
Read More →M&A activity in 3PL sector continues as investment firm acquires Ascent
on August 22, 2023in Industry News
M&A activity in 3PL sector continues as investment firm acquires Ascent Two weeks after Forward Air acquired forwarder Omni Logistics, a private investment fund has taken over expedited third-party logistics provider Ascent Global Logistics. M&A activity in 3PL sector continues as investment firm acquires Ascent Journal of Commerce
Read More →Intermodal savings slip in second quarter, but could rise in Q3: ISI
on August 22, 2023in Industry News
Intermodal savings slip in second quarter, but could rise in Q3: ISI Truckload spot rates have risen slightly off the lows seen so far this year, though some trucking analysts do not expect a significant rebound in rates until early 2024. Intermodal savings slip in second quarter, but could rise in Q3: ISI Journal of […]
Read More →Estes expands use of Optym as LTL market deals with Yellow fallout
on August 22, 2023in Industry News
Estes expands use of Optym as LTL market deals with Yellow fallout Estes Express Lines has long used third-party software to amp up its service to customers, with an expansion of its partnership with less-than-truckload software provider Optym the latest example. Estes expands use of Optym as LTL market deals with Yellow fallout Journal of […]
Read More →Strong demand, tight tonnage boost earnings for ro/ro sector
on August 21, 2023in Industry News
Strong demand, tight tonnage boost earnings for ro/ro sector Longer term, global vehicle sales are expected to exceed pre-pandemic levels from 2024 onward, while high and heavy volumes are also expected to remain strong. Strong demand, tight tonnage boost earnings for ro/ro sector Journal of Commerce
Read More →ODFL, Estes wage billion-dollar bidding war for Yellow LTL terminals
on August 21, 2023in Industry News
ODFL, Estes wage billion-dollar bidding war for Yellow LTL terminals Control of Yellow’s real estate may determine who gets to expand in the less-than-truckload (LTL) sector, and who must scramble to find property. ODFL, Estes wage billion-dollar bidding war for Yellow LTL terminals Journal of Commerce
Read More →CEVA expands India footprint with contract logistics takeover
on August 21, 2023in Industry News
CEVA expands India footprint with contract logistics takeover The CMA CGM subsidiary’s latest acquisition will significantly increase its presence in South Asia that is growing in importance as supply chain routes shift across the region. CEVA expands India footprint with contract logistics takeover Journal of Commerce
Read More →Lack of market clarity undermines positive sentiment: OOCL
on August 21, 2023in Industry News
Lack of market clarity undermines positive sentiment: OOCL The Cosco Shipping subsidiary noted that significant uncertainties over economic growth prospects and the huge injection of capacity into major trade lanes made forecasting difficult. Lack of market clarity undermines positive sentiment: OOCL Journal of Commerce
Read More →US July imports from Asia hit 11-month high, portending year-on-year fall growth
on August 18, 2023in Industry News
US July imports from Asia hit 11-month high, portending year-on-year fall growth The fresh data also showed – starkly – how the West Coast’s share of imports from Asia eroded during the 13 months of contentious contract negotiations between the ILWU and waterfront employers. US July imports from Asia hit 11-month high, portending year-on-year fall […]
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