Demand decline shrinks MSC’s lead atop US import carrier rankings No carrier was untouched by a 22.4% drop in containerized US imports through May, with 36 of the 40 largest lines registering year-over-year volume declines, according to the Journal of Commerce’s Top 40 Container Carriers by US Imports and Exports. Demand decline shrinks MSC’s lead […]
Read More →Demand decline shrinks MSC’s lead atop US import carrier rankings
on August 15, 2023in Industry News
Asia-US container spot rates keep rising amid more blank sailings
on August 14, 2023in Industry News
Asia-US container spot rates keep rising amid more blank sailings Spot rates in the eastbound trans-Pacific continue to move higher, although a planned general rate increase this week could be the last one for a while as carriers are scheduled to add a significant amount of new capacity into the global fleet beginning later this […]
Read More →BNSF Logistics turns to Trucker Tools for brokerage software
on August 14, 2023in Industry News
BNSF Logistics turns to Trucker Tools for brokerage software Top 30 freight broker BNSF Logistics said it will use Trucker Tools software to improve visibility and freight matching for its surface transportation customers. BNSF Logistics turns to Trucker Tools for brokerage software Journal of Commerce
Read More →Latest push in House for US shipping reform stalls, for now
on August 14, 2023in Industry News
Latest push in House for US shipping reform stalls, for now Stalled since May, the Ocean Shipping Reform Technical Act of 2023 may never be taken up by the House of Representatives as regulators are still struggling to implement last year’s original legislation. Latest push in House for US shipping reform stalls, for now Journal […]
Read More →Panama Canal delays raise risks for shippers, but not yet biting
on August 11, 2023in Industry News
Panama Canal delays raise risks for shippers, but not yet biting The Panama Canal’s limits on vessel drafts and transits have yet to make big impact on container shipping, but at least one forwarder is warning shippers not to be complacent. Panama Canal delays raise risks for shippers, but not yet biting Journal of Commerce
Read More →No US freight rebound until 2024: analysts
on August 11, 2023in Industry News
No US freight rebound until 2024: analysts The current freight downturn could continue until mid-2024, thanks to lower manufacturing output, high levels of employment and excess capacity, experts told the Journal of Commerce Thursday. No US freight rebound until 2024: analysts Journal of Commerce
Read More →Yang Ming, Wan Hai end profitable runs with Q2 loss
on August 11, 2023in Industry News
Yang Ming, Wan Hai end profitable runs with Q2 loss The rapid normalization of container shipping markets claimed its first victims as tumbling rate levels dragged Yang Ming and compatriot carrier Wan Hai into the red in the second quarter. Yang Ming, Wan Hai end profitable runs with Q2 loss Journal of Commerce
Read More →ILA flexes to fight on multiple beachheads
on August 11, 2023in Industry News
ILA flexes to fight on multiple beachheads Sources say USMX has made the ILA an offer on par with the increases the ILWU secured in its latest contract. However, the ILA also wants stronger protections for work jurisdiction and automation. ILA flexes to fight on multiple beachheads Journal of Commerce
Read More →Omni Logistics purchase to expand Forward Air’s LTL, global reach
on August 10, 2023in Industry News
Omni Logistics purchase to expand Forward Air’s LTL, global reach The merger of third-party logistics provider Omni and expedited less-than-truckload (LTL) carrier Forward Air will create a more multimodal LTL network focused on high-value freight. Omni Logistics purchase to expand Forward Air’s LTL, global reach Journal of Commerce
Read More →Logistics industry tiptoeing toward AI adoption: Freightos research
on August 10, 2023in Industry News
Logistics industry tiptoeing toward AI adoption: Freightos research Shippers and forwarders recently surveyed by Freightos believe artificial intelligence will reduce headcounts in the logistics industry, even if they have yet to figure out how best to use the still-emerging technology. Logistics industry tiptoeing toward AI adoption: Freightos research Journal of Commerce
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