Asia-Europe ocean rates hit 14-month high after Red Sea attack on Maersk ship
There remains little clarity on carrier plans to resume Red Sea transits following Sunday’s dramatic action by the US Navy to repel an attack on a Maersk container ship.
View ArticleDomestic intermodal recovery forecast to continue after 2023 decline
Although the 2023 peak season was more muted than during the COVID-19 pandemic, the overall decline was not as severe as some feared.
View ArticleFMC should guard against carrier ‘profit center’ from Red Sea surcharges:...
With ocean carriers rushing to the FMC to seek waivers of the 30-day notice period required to implement surcharges linked to the Red Sea crisis, the head of a major US shipper group says the...
View ArticleAsia-US container spot rates surge on Red Sea vessel diversions
The upending of regular transits to the US East and Gulf coasts through the Suez Canal has prompted ocean carriers to issue rate increases to cover higher operating costs.
View ArticleUS West Coast ports aim to win back shippers after two-year share loss
The ports will be aided by continued transit constraints at the Panama Canal, potentially testy longshore negotiations on the East and Gulf coasts, and terminals that are as fluid as they have been...
View ArticleIndia-Europe ocean rates keep spiking as more void calls emerge
Short-term contract rates on the trade lane have already more than doubled this week from what most major carriers were quoting in the second half of December.
View ArticleTrans-Pacific air cargo rate rally ends in steep new year dive
The strong e-commerce demand from the US that kept trans-Pacific air cargo rates rising through the fourth quarter quickly fell off after the end-of-year holidays.
View ArticleLack of green compliance could be costly for some Southern California...
The facilities must adhere to new emissions-cutting rules implemented several months ago by regulators or risk daily fines approaching $12,000 per day.
View ArticlePort of Baltimore names Everglades CEO as new executive director
Jonathan Daniels will take the port’s helm in early February, with construction of the Sparrows Point Container Terminal atop his list of priorities.
View ArticleYellow terminal auction redrawing US LTL map as pricing surge subsides
With more than 160 facilities still on the auction block, a sizable amount of less-than-truckload capacity once provided by Yellow is up for grabs as the trucking market slows in early 2024.
View ArticleOcean carriers playing catch up in reducing risk of lithium-ion fires on ships
The shipping industry, while acknowledging the batteries are here to stay and can’t be banned as cargo, is lagging behind in coming to terms with risks that remain poorly understood.
View ArticleRerouted Asia-Europe voyages to cause space, equipment shortages
Difficulties in finding vessel capacity and empty containers as ship voyages are extended will join rising rate levels on the growing list of supply chain issues faced by shippers.
View ArticleUS chassis demand tepid amid ample units, additional manufacturers
Chassis lessors must work quickly to be prepared to unstack units when the international intermodal market rebounds.
View Article3PL Kenco expands warehousing reach in key US markets
The acquisition of The Shippers Group gives Kenco greater distribution capacity and underscores resilient demand for space and integrated logistics services despite a weak freight market.
View ArticleGulf Coast ports eyeing expansion amid ‘modest’ growth forecast
Although they were unable to completely escape last year’s downturn, ports in the region recorded import declines that were well below the national average.
View ArticleMSC, CMA CGM look to push stagnant trans-Atlantic rates higher
Rates on the headhaul corridor have been loss-making for the last few months, so carriers are trying to get prices up to what they consider more sustainable levels.
View ArticleRed Sea attacks tackle high capacity-low rate challenge for carriers
Some analysts are reassessing their outlook for the container shipping industry as the Red Sea crisis absorbs capacity and pushes rate levels higher on the Europe and US East Coast trade lanes out of...
View ArticleHMM boosts India-USEC capacity by signing onto ONE’s new WIN service
HMM has opened an array of connections out of India in recent years, including the launch last August of a solo, 12-vessel string connecting the Far East, the Middle East and the Mediterranean.
View ArticleUS trucking workforce on edge of seasonal cliff after job losses
US trucking employment shrank last year, and seasonal trends point to more cuts in 2024 amid weak freight demand.
View ArticleCarriers quoting trans-Pac rates of $5,000/FEU on Suez-linked equipment...
The new rate move by carriers comes as the security situation in the Red Sea shows no signs of improving and amid retail restocking in the US ahead of an early Lunar New Year.
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