Wholesale weakness slowing US inventory destocking, freight demand US businesses may have passed the inventory peak, but data shows stockpiles remain high, and a weak wholesale retail market is depressing imports and surface freight shipments. Wholesale weakness slowing US inventory destocking, freight demand Journal of Commerce
Read More →Western Canada dockworker strike disrupting billions in trade: employers
on July 11, 2023in Industry News
Western Canada dockworker strike disrupting billions in trade: employers With the strike by ILWU Canada now in its 11th day, some C$7.5 billion in Canadian imports and exports has been compromised thus far, the British Columbia Maritime Employers Association says. Western Canada dockworker strike disrupting billions in trade: employers Journal of Commerce
Read More →Holt Logistics, HMM step into bidding fray for new operator of Wilmington’s port
on July 11, 2023in Industry News
Holt Logistics, HMM step into bidding fray for new operator of Wilmington’s port Delaware’s Port of Wilmington received an improved offer from a stevedoring firm to take over operations, but the bid faces a challenge from Holt, who claims the search process was unfair. Holt Logistics, HMM step into bidding fray for new operator of […]
Read More →Holt Logistics steps into bidding fray for new operator of Wilmington’s port
on July 11, 2023in Industry News
Holt Logistics steps into bidding fray for new operator of Wilmington’s port Delaware’s port of Wilmington received an improved offer from a stevedoring firm to take over operations, but the bid faces a challenge from another stevedore who claims the search process was unfair. Holt Logistics steps into bidding fray for new operator of Wilmington’s […]
Read More →California’s major container ports get $735 million in state funds for upgrades
on July 11, 2023in Industry News
California’s major container ports get 5 million in state funds for upgrades The ports of Los Angeles, Long Beach and Oakland will use the grant money for infrastructure projects that will promote more efficient freight movement as well as emissions-reduction efforts to meet clean-air goals. California’s major container ports get 5 million in state funds […]
Read More →California’s major container ports get $735 billion in state funds for upgrades
on July 11, 2023in Industry News
California’s major container ports get 5 billion in state funds for upgrades The ports of Los Angeles, Long Beach and Oakland will use the grant money for infrastructure projects that will promote more efficient freight movement as well as emissions-reduction efforts to meet clean-air goals. California’s major container ports get 5 billion in state funds […]
Read More →Visibility product launches show cargo market open to new options
on July 11, 2023in Industry News
Visibility product launches show cargo market open to new options Three new visibility products – from a hardware provider, a forwarder and a data provider – are evidence of a diverse cargo visibility market that is expanding options for shippers. Visibility product launches show cargo market open to new options Journal of Commerce
Read More →Raft's focus on AI yields fruit as investors re-up in logistics software provider
on July 11, 2023in Industry News
Raft’s focus on AI yields fruit as investors re-up in logistics software provider A variety of technology providers are aiming to arm forwarders with AI-backed tools that help with areas like customer service and rate quoting, while others are focused on technology enabling internal operational efficiency. Raft’s focus on AI yields fruit as investors re-up […]
Read More →Creditors give Yellow more time for potential talks with Teamsters
on July 10, 2023in Industry News
Creditors give Yellow more time for potential talks with Teamsters Yellow’s lenders, including the US government, gave the company short-term waivers for certain loan conditions, extending its “runway” for winning Teamster support for a restructuring plan. Creditors give Yellow more time for potential talks with Teamsters Journal of Commerce
Read More →Trans-Pacific carriers altering port rotations to avoid strike-hit Vancouver
on July 10, 2023in Industry News
Trans-Pacific carriers altering port rotations to avoid strike-hit Vancouver ILWU Canada and employers are engaging with federal mediators as a backlog of vessels builds outside of Vancouver and Seattle-Tacoma as the Western Canadian dockworker strike enters its second week. Trans-Pacific carriers altering port rotations to avoid strike-hit Vancouver Journal of Commerce
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