amp 34 Average export spot rates on the India US trades are currently at $3,205 per TEU and $4,010 per FEU from Jawaharlal Nehru Port Trust above and Mundra to the US East Coast. Photo credit: JNPT. amp 34 / Indian shippers hoping for relief from soaring ocean freight pricing se....
Joc
Published 4y-10mo-2w-4d-16h-23m ago
amp 34 Speakers at the SMC3 conference said future changes in truck driver work rules are likely to be incremental rather than “revolutionary.” Photo credit: Bitkiz/ . amp 34 / US trucking companies and freight shippers should expect more tinkering with truck driver hours of s....
Joc
Published 4y-10mo-2w-4d-16h-39m ago
amp 34 A range of software providers catering to small truckload carriers has emerged in the past couple of years, all tackling core dispatch, routing, and administrative tasks that small companies struggle with. Photo credit: . amp 34 / In the latest sign that transportation man....
Joc
Published 4y-10mo-2w-5d-12h-15m ago
amp 34 Hamburg based Hapag Lloyd is on its way to a highly profitable 2020 result. Photo credit: . amp 34 / Evidence that container carriers will emerge from a pandemic disrupted 2020 with the highest profits in a decade continues to pile up, with Hapag Lloyd the latest to releas....
Joc
Published 4y-10mo-2w-5d-15h-41m ago
amp 34 Months of unexpectedly strong demand are creating bottlenecks on the major trades and severely affecting carrier schedules. Photo credit: . amp 34 / Growing port congestion, equipment shortages, and months of strong demand are overwhelming container supply chains, with oce....
Joc
Published 4y-10mo-2w-5d-16h-13m ago
amp 34 Carriers will be unable to rely on a drop in imports next month if factories work through the Lunar New Year. Photo credit: . amp 34 / With Hapag Lloyd and by extension its partners in THE Alliance advising customers of 21 de facto canceled sailings in February in th....
Joc
Published 4y-10mo-2w-6d-10h-31m ago
amp 34 Carriers will be unable to rely on a drop in imports next month if factories work through the Lunar New Year. Photo credit: . amp 34 / With Hapag Lloyd — and by extension its partners in THE Alliance — advising customers of 21 de facto canceled sailings in February in ....
Joc
Published 4y-10mo-2w-6d-10h-31m ago
amp 34 Shipwell has long resided in a hard to define category between traditional transportation management system TMS providers and traditional freight brokers. Photo credit: . amp 34 / Shippers moving goods within the United States increasingly turned to providers of managed ....
Joc
Published 4y-10mo-2w-6d-10h-57m ago
amp 34 Greater use of workforce and fleet management technology is credited with helping XPO Logistics improve LTL profitability. Photo credit: Ari Ashe. amp 34 / XPO Logistics is planning for future acquisitions as it prepares to divide itself into two companies, Bradley S. Jacob....
Joc
Published 4y-10mo-2w-6d-11h-15m ago
amp 34 The 570 TEU National Glory will primarily carry cargoes that would traditionally have been hauled by truck from Houston to Port Everglades pictured . Photo credit: . amp 34 / A new fortnightly service operated by National Shipping of America NSA will provide Jones Act s....
Joc
Published 4y-10mo-2w-6d-14h-33m ago
amp 34 Shippers are moving away from transactional procurement engagement and toward a willingness to discuss what their broader supply chain needs in the coming years. Photo credit: . amp 34 / The shipping dysfunction that has hobbled the trans Pacific trade may help germinate t....
Joc
Published 4y-10mo-2w-6d-20h-50m ago
amp 34 Asia–Europe spot rates have soared 376 percent from Oct. 1 and 353 percent year over year to $4,394 per TEU. Photo credit: . amp 34 / Although they appear to have plateaued for now, record container spot rates in the Asia–Europe trade are forcing some shippers of lower....
Joc
Published 4y-10mo-3w-13h-14m ago
amp 34 UPS Freight will be rebranded TForce Freight and operate independently within TFI’s subsidiary network. Photo credit: Sundry Photography/ . amp 34 / UPS is selling UPS Freight to TFI International, Canada’s largest trucking provider, in a step that will reshape the Nort....
Joc
Published 4y-10mo-3w-15h-32m ago
amp 34 Former head of CMA CGM amp 39 s port division, Nicolas Sartini, has been appointed as co CEO of Yilport. Photo credit: Yilport amp 34 / Veteran CMA CGM executive Nicolas Sartini has been named co CEO of terminal operator Yilport Holding, a position he will share with Rober....
Joc
Published 4y-10mo-3w-16h-22m ago
amp 34 ILWU leaders and employers praise longshoremen for working amidst dangerous conditions due to COVID 19. Photo credit: . amp 34 / Southern California waterfront employers say rising dockworker infection rates have contributed to a reduction in terminal productivity at the p....
Joc
Published 4y-10mo-3w-3d-11h-7m ago
amp 34 A rough estimate was that more than 20 ships were supposed to have docked at Los Angeles and Long Beach marine terminals by the end of the year, but remained at anchorage positions due to backups at the ports. Photo credit: . amp 34 / As the end of 2020 approached and ship....
Joc
Published 4y-10mo-3w-3d-14h-40m ago
amp 34 RoadOne expects transloading demand to rise, and says that will require more logistics resources. Photo credit: RoadOne IntermodaLogistics. amp 34 / National drayage provider RoadOne IntermodaLogistics is expanding its domestic reach and its ability to transload containeriz....
Joc
Published 4y-10mo-3w-3d-15h-2m ago
amp 34 US demand for wine and spirits from Scotland, Ireland, and Europe strengthened during 2020. Photo credit: . amp 34 / Carriers and shippers on the trans Atlantic are expecting the current strong demand on the trade to strengthen further this year as COVID 19 vaccines are ro....
Joc
Published 4y-10mo-3w-3d-16h-35m ago
amp 34 Seeing robust volume forecasts from customers, container lines haven’t blanked sailings during Chinese New Year as they normally do. Photo credit: . amp 34 / More Chinese factories will be producing exports for European and North American consumers rather than shutting d....
Joc
Published 4y-10mo-3w-3d-17h-19m ago
amp 34 The World Shipping Council, in a July update of its “Containers Lost At Sea” report, said an average of 779 containers were lost annually in the three year period from 2017 through 2019. Photo credit: . amp 34 / Maersk said Thursday it is investigating the loss of roug....
Joc
Published 4y-10mo-3w-4d-11h-6m ago
amp 34 The autonomous truck is entering a new phase of development, spurred by the need for capacity and improved safety. Photo credit: TuSimple. amp 34 / A new generation of autonomous truck technology is emerging, funded in part by North American trucking companies, truck manufa....
Joc
Published 4y-10mo-3w-4d-14h-20m ago
amp 34 The 14,000 dwt UHL Flair, one of a series of amp 34 Eco Lifters amp 34 under construction at Hudong Zhonghua Shipbuilding in China. Photo credit: UHL. amp 34 / The multipurpose and heavy lift MPV/HL segment has hesitated to order new ships in a long moribund and over ....
Joc
Published 4y-10mo-3w-4d-15h-42m ago
amp 34 The 14,000 dwt UHL Flair, one of a series of amp 34 Eco Lifters amp 34 under construction at Hudong Zhonghua Shipbuilding in China. Photo credit: UHL. amp 34 / The multipurpose and heavy lift MPV/HL segment has hesitated to order new ships in a long moribund and over ....
Joc
Published 4y-10mo-3w-4d-15h-42m ago
amp 34 CMA CGM has introduced an upgraded India Europe string EPIC , complementing its EPIC2, with improved port coverage, vessel deployment, and transit times. Photo credit: PSA India. amp 34 / Indian shippers struggling to secure vessel space amid resurgent export demand and li....
Joc
Published 4y-10mo-3w-4d-19h-16m ago
amp 34 Shippers sending goods across the English Channel need to ensure their customs paperwork is in order to keep goods flowing in the post Brexit environment. Photo credit: . amp 34 / DB Schenker Thursday resumed European shipments to the UK that had been suspended last week b....
Joc
Published 4y-10mo-3w-4d-19h-18m ago
amp 34 Container lines can often hold shippers to less than scientific cargo allocations that are based on their minimum quantity commitments divided by 52 weeks. Photo credit: . amp 34 / Shippers need to focus on better capacity forecasting, sharing of benefits with carriers, an....
Joc
Published 4y-10mo-3w-5d-11h-24m ago
amp 34 The Port of New York and New Jersey pictured is expecting to return to positive growth in 2021 after container volumes fell to the lowest level in three years in 2020. Photo credit: . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commer....
Joc
Published 4y-10mo-3w-5d-11h-52m ago
amp 34 J.B. Hunt said it lost opportunities to take on additional loads in the final three months of 2020 because of rail congestion and shippers sitting on equipment longer than before the COVID 19 pandemic. Photo credit: . amp 34 / Shipper costs will rise more than 10 percent f....
Joc
Published 4y-10mo-3w-5d-15h-57m ago
amp 34 Caption: US truck driver employment was down 65,700 jobs year over year in October despite adding 63,500 jobs since the low point in April. Photo credit: . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annual Review and Outlook.T....
Joc
Published 4y-10mo-3w-5d-18h-18m ago
In this week amp 39 s episode, available at 11AM EST. Sustainability has long been a rather superficial element of supply chain decision making, largely because the social onus on shippers wasn amp 39 t strong enough, and the tools to truly measure carbon impact on a granular level didn am....
Joc
Published 4y-10mo-3w-5d-19h ago
amp 34 Heartland Express has raised driver pay three times since 2017, including a 6 percent pay hike in October 2020. Photo credit: . amp 34 / The financial results reported by Heartland Express Tuesday are likely a harbinger of what to expect from large publicly owned truckload....
Joc
Published 4y-10mo-3w-6d-11h-29m ago
amp 34 Timothy Rhein rose to become president and chief executive over a 34 year career at APL that started as a military contract analyst in 1967. Photo credit: . amp 34 / Timothy J. Rhein, a towering figure at APL and in container shipping, more broadly, who played a key role i....
Joc
Published 4y-10mo-3w-6d-15h-17m ago
amp 34 The Container Shipping Lines’ Association amp nbsp — the representative voice of foreign carriers in India amp nbsp — says the present equipment imbalanced situation is a product of demand suddenly and unexpectedly outstripping available capacity. Photo credit: PSA India.....
Joc
Published 4y-10mo-3w-6d-17h-38m ago
amp 34 US less than truckload LTL shippers and carriers are expecting mid to upper single digit percentage contract rates increases in 2021. Photo credit: . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annual Review and Outlook.When....
Joc
Published 4y-10mo-3w-6d-18h-42m ago
amp 34 SILQ tethers their approach to a network of inspectors at about 10 apparel sourcing hubs in China, India, and Vietnam, currently. Photo credit: . amp 34 / A trio of Flexport veterans has secured $2 million in venture capital financing to grow a business aimed at reducing t....
Joc
Published 4y-10mo-3w-6d-22h-47m ago
amp 34 Port Klang in Malaysia recorded the worst cargo rollover ratio in December out of Asia amp 39 s major hubs. Photo credit: . amp 34 / Cargo rollovers at Asia’s main hub ports rose sharply through December, as rising container demand from the US and Europe overwhelmed ter....
Joc
Published 4y-10mo-4w-4h-47m ago
Strategic and nimble asset utilization is business critical for maintaining yard efficiency. The last year showed us plainly that flexibility is no longer optional. Technology offers many solutions to streamline processes and promises of revenue growth, but identifying the best technology for....
Joc
Published 4y-10mo-4w-15h-16m ago
amp 34 Strong demand from European importers in the second half of 2020 kept Antwerp amp 39 s terminals busy. Photo credit: Port of Antwerp. amp 34 / The Port of Antwerp handled record container throughput in 2020, with sharply recovering demand through the second half driving vo....
Joc
Published 4y-10mo-4w-19h-16m ago
amp 34 Truckload volumes were down about 4 percent year over year in 2020, FTR said, but should catch up with 2019 shipments as the US industrial economy recovers. Photo credit: . amp 34 / Trucking’s recovery from the 2020 recession is far from over, with peak trucking volumes ....
Joc
Published 4y-11mo-11h-14m ago
amp 34 More than half of surveyed retailers are investing in in store fulfillment. Photo credit: . amp 34 / Facing rising delivery costs, more than half of US retailers in a recent survey say they are increasingly investing in fulfillment automation solutions and new fulfillment ....
Joc
Published 4y-11mo-13h-19m ago
amp 34 BNSF trains destined for St. Paul, Minnesota, have been staged outside the terminal until enough TRAC chassis become available. Photo credit: . amp 34 / Some containers destined for shipper facilities in Minnesota have been idling in BNSF Railway’s St. Paul terminal beca....
Joc
Published 4y-11mo-15h-6m ago
amp 34 Some carriers that had refused agricultural exports last fall are no longer declining those shipments. Photo credit: . amp 34 / Late vessel arrivals at the Port of Oakland have become even more frequent than they were last fall, disrupting agricultural shippers’ schedule....
Joc
Published 4y-11mo-15h-25m ago
amp 34 The trans Pacific and Asia Europe trades delivered a robust Q4 performance for OOCL. Photo credit: . amp 34 / Orient Overseas Container Line OOCL Friday reported significant growth in volume and revenue during the fourth quarter, with its performance driven by heavy dema....
Joc
Published 4y-11mo-16h-6m ago
amp 34 According to a McKinsey amp amp Co. survey, 60 percent of US consumers who used buy online, pick up in store BOPIS in 2020 will continue to do so after the COVID 19 pandemic subsides. Photo credit: Michael Vi/ . amp 34 / This story appears in the print edition of the Ja....
Joc
Published 4y-11mo-18h-16m ago
amp 34 amp 34 I found it transportation amp 34 I found it transportation amp 34 / Colin Barrett, a journalist, consultant, author, and educator who for five decades answered nitty gritty shipper questions on all aspects of transportation law, contracting, and claims, died Jan....
Joc
Published 4y-11mo-1d-11h-52m ago
amp 34 sennder used its last funding round to fuel consolidation among European rivals and will use this round on developing its technology and geographic expansion. Photo credit: . amp 34 / A massive new funding round for truckload broker sennder could be a sign the European mar....
Joc
Published 4y-11mo-1d-14h-55m ago
amp 34 BlueX Trade has driven adoption of digital tools by container lines in Asia and has now cemented partnerships with two key freight rate management providers. Photo credit: . amp 34 / Two technology companies catering to the liner shipping industry have partnered to convey ....
Joc
Published 4y-11mo-1d-15h-5m ago
amp 34 SAL Renewables installation vessel Wind Lift I. Photo credit: SAL Renewables. amp 34 / With the launch of SAL Renewables, German shipowner amp nbsp Harren amp amp Partner has added offshore installation capacity and intensified its focus on wind energy. The new company wi....
Joc
Published 4y-11mo-1d-15h-47m ago
amp 34 US truck shippers doubled their spot market usage from approximately 20 percent of shipments historically to 40 percent in December, according to data from transportation consultant Breakthrough. Photo credit: . amp 34 / US surface transportation shippers doubled their dep....
Joc
Published 4y-11mo-1d-16h-53m ago
amp 34 Union Pacific Railroad should be able to better supply customers with containers and cars going forward. Photo credit: . amp 34 / Union Pacific Railroad will rescind its record breaking surcharges that went as high as $5,000 per container beginning Jan. 17, telling custome....
Joc
Published 4y-11mo-1d-17h-18m ago
amp 34 Eighteen more vessels are slated to call the port complex over the next three days, which is one more ship call than compared to the same period in 2020. Photo Credit: Marine Exchange of Southern California amp 34 / The number of container ships waiting to berth in Southern....
Joc
Published 4y-11mo-2d-14h-58m ago
amp 34 Barges perform a critical role in the Pearl River Delta, linking inland manufacturing centers with mainline ports such as Hong Kong and Shenzhen. Photo credit: . amp 34 / The suspension of barge and feeder services in the Pearl River Delta during the busy shipping season a....
Joc
Published 4y-11mo-2d-16h-28m ago
amp 34 Marine terminals at the Indian ports of Mundra and Pipavav are the immediate beneficiaries of the country’s rail growth. Photo credit: APMT Pipavav. amp 34 / Ocean carriers, shippers, and rail operators facing difficulty moving containers inland out of the northern India ....
Joc
Published 4y-11mo-2d-18h-36m ago
In this week amp 39 s episode, available at 11AM EST. Shippers faced a historic surface transportation procurement environment in 2020, and many adapted by shifting volume to the spot market or toward so called mini bids. But anecdotal accounts of that shift don amp 39 t tell the whole sto....
Joc
Published 4y-11mo-2d-18h-40m ago
amp 34 President elect Biden is expected to introduce his incoming administration’s infrastructure proposals shortly. Photo credit: . amp 34 / The head of the US Chamber of Commerce believes a comprehensive, multiyear infrastructure spending package is in reach after years of f....
Joc
Published 4y-11mo-3d-10h-59m ago
amp 34 The planned C$75 Contrecoeur terminal would add an initial annual capacity of 1.15 million TEU to Montreal. Photo credit: Montreal Port Authority. amp 34 / The Quebec government on Tuesday announced it would provide C$55 million $43.2 million in grants toward the construc....
Joc
Published 4y-11mo-3d-11h-51m ago
amp 34 Scoular will become one of the top exporters in the Port of Wilmington, North Carolina, after a transload facility opens near the port this summer. Photo credit: North Carolina Ports Authority. amp 34 / The Port of Wilmington may see ag exports grow as much as 3,000 TEU ann....
Joc
Published 4y-11mo-3d-12h-16m ago
amp 34 An uninterrupted run of 20 percent year over year growth in import volumes each month is taking up all available terminal space in Los Angeles Long Beach, terminal operators say. Photo credit: . amp 34 / Congestion at the already clogged ports of Los Angeles and Long Beach....
Joc
Published 4y-11mo-3d-12h-47m ago
amp 34 Forwarders are investing in technology in response to increased competition from large container lines extending their services beyond port to port moves, e commerce platforms such as Amazon and Alibaba, and digitally focused upstarts such as Flexport. Photo credit: . amp 34 ....
Joc
Published 4y-11mo-3d-14h-6m ago
amp 34 The Air France KLM Martinair group has partnered with K+N to establish a CO2 neutral corridor between the US and Europe. Photo credit: . amp 34 / The world’s first scheduled carbon neutral air cargo trade lane has been launched between Europe and North America, as the co....
Joc
Published 4y-11mo-3d-15h-59m ago
amp 34 There is little doubt intermodal is going to post impressive growth numbers through the first half of 2021. Photo credit: . amp 34 / Let the good times roll. Through week 52, fourth quarter intermodal loads originated were up 9.8 percent this year versus 2019, according to....
Joc
Published 4y-11mo-3d-19h-2m ago
amp 34 Total US domestic intermodal rail volumes jumped 8.5 percent year over year from June through October. Photo credit: Hane Street/ . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annual Review and Outlook.US cargo owners could pay ....
Joc
Published 4y-11mo-3d-20h-47m ago
amp 34 Union Pacific is hopeful that if enough chassis are returned this week, then ocean containers currently being grounded will become available for draymen to retrieve. Photo credit: . amp 34 / Beneficial cargo owners BCOs using Evergreen and HMM have been unable to get the....
Joc
Published 4y-11mo-4d-11h-23m ago
amp 34 Despite unprecedented import volumes today in the trans Pacific trade, the outlook beyond the Lunar New Year is still uncertain. Photo credit: . amp 34 / More US importers are signing trans Pacific contracts earlier than usual to guarantee space both in the short term and ....
Joc
Published 4y-11mo-4d-13h-51m ago
amp 34 An Australia bound rail tamping machine secured to a rolltrailer aboard a Höegh ro ro ship. Photo credit: Höegh Autoliners. amp 34 / Roll on, roll off ro ro operators including Wallenius Wilhelmsen, UECC, and amp nbsp Höegh Autoliners amp nbsp are reactivating idled ve....
Joc
Published 4y-11mo-4d-17h-8m ago
amp 34 Over 400,000 merchants trade between the UK and the EU, according to ShipStation. Photo credit: . amp 34 / UK consumers and shippers may find themselves waiting a little longer for deliveries and paying more for cross border e commerce purchases as new trade regulations an....
Joc
Published 4y-11mo-4d-17h-25m ago
amp 34 US trucking volumes slipped 4 percent in the first 10 months of 2020, but strong demand in certain sectors and a lack of drivers has kept rates elevated. Photo credit: . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annual Review....
Joc
Published 4y-11mo-4d-20h-47m ago
amp 34 High volumes of ocean borne imports kept drayage demand high, likely reducing seasonal drop in specialized trucking employment. Photo credit: . amp 34 / Seven months of employment growth in for hire trucking came to a halt last month as unadjusted payroll numbers dipped de....
Joc
Published 4y-11mo-1w-12h-11m ago
amp 34 French based forwarder Geodis believes having direct control of vessel assets is an advantage in the current Asia Europe shipping market. Photo credit: Geodis amp 34 / Logistics provider Geodis will charter a container ship on the China Europe trade later in January, making....
Joc
Published 4y-11mo-1w-14h-54m ago
amp 34 French based forwarder Geodis believes having direct control of vessel assets is an advantage in the current Asia Europe shipping market. Photo credit: Geodis. amp 34 / Logistics provider Geodis has chartered a 1,000 TEU container ship on the China Europe trade that will sa....
Joc
Published 4y-11mo-1w-14h-54m ago
amp 34 Cargo owners are facing an array of challenges in transporting their goods out of China before the Lunar New Year holidays. Photo credit: . amp 34 / Some European shippers are rejecting the higher costs it would take to load their Asia imports, spurring some factories to l....
Joc
Published 4y-11mo-1w-15h-24m ago
amp 34 Cargo owners are facing an array of challenges in transporting their goods out of China before the Lunar New Year holidays. Photo credit: . amp 34 / Some South China manufacturers of lower value products look set to shut down two weeks early for the Chinese New Year holida....
Joc
Published 4y-11mo-1w-15h-24m ago
amp 34 Chittagong handled 2.839 million TEU in 2020, down from 3.088 million TEU in 2019, according to data from the port authority. Photo credit: . amp 34 / Container volumes at Bangladesh’s main port of Chittagong fell 8 percent last year from 2019 on disruptions related to t....
Joc
Published 4y-11mo-1w-18h-30m ago
It is with great pleasure to announce the appointment of Steve Walter as General Manager for our Houston office. Steve has taken up his new role as from 1 January 2021 and brings a wealth of commercial, operational and management experience from his 23 years in the freight industry to... ....
Joc
Published 4y-11mo-1w-18h-55m ago
amp 34 Concern over continuing tight capacity in the eastbound trans Pacific led a number of large importers last fall to extend existing contracts through 2022 at much higher rates as an alternative to being forced into an even higher spot market. Photo credit: . amp 34 / For an....
Joc
Published 4y-11mo-1w-19h-28m ago
amp 34 In the the best case scenario, the Houston Channel widening project will be completed within three to four years. Photo credit: Port Houston. amp 34 / US Gulf Coast ports are on a roll, but with an asterisk. Imports from Asia through the region rose by double digit percenta....
Joc
Published 4y-11mo-1w-1d-13h-56m ago
amp 34 Chassis pools on the East Coast have held up better than on the West Coast because of the additional transit time and closer proximity to excess chassis in the interior US. Photo credit: Ari Ashe. amp 34 / Port officials and chassis providers on the East Coast say equipment....
Joc
Published 4y-11mo-1w-1d-14h-51m ago
amp 34 US Customs and Border Protection currently only scans about 15 percent of commercial cargo and 1 percent of personal vehicles entering through land ports with non intrusive inspection equipment. Photo credit: CBP. amp 34 / New legislation will eventually require the US Depa....
Joc
Published 4y-11mo-1w-1d-15h-27m ago
amp 34 The tight container shipping market shows no sign of slackening, pushing breakbulk adaptable cargo back toward breakbulk shipping. Photo credit: . amp 34 / Tight container capacity and increasing demand on the cargo side, particularly for wind cargo, are poised to boost mu....
Joc
Published 4y-11mo-1w-1d-17h-22m ago
amp 34 Mundra’s combined December throughput soared 52 percent year over year and 21.5 percent month on month. Photo credit: Adani Group. amp 34 / Container flow in and out of Indian ports saw a strong rebound sequentially in the fourth quarter after crashing at the height of CO....
Joc
Published 4y-11mo-1w-1d-19h-19m ago
amp 34 In the last five years, SEKO has moved from a network of independently owned partner branches into a hybrid owner of key gateway hubs with a focus on cross border e commerce logistics. Photo credit: . amp 34 / Private equity firm Ridgemont Equity Partners has acquired a ma....
Joc
Published 4y-11mo-1w-1d-22h-47m ago
amp 34 The Zhen Hua 36 arrived in Charleston carrying two SC Ports’ ship to shore cranes for the Hugh K. Leatherman Terminal, due to open in March 2021. Photo credit: SCPA/Walter Lagarenne. amp 34 / Arguing that the master East and Gulf coast longshore labor agreement is interfe....
Joc
Published 4y-11mo-1w-2d-11h-57m ago
amp 34 Some factories in Asia may work through the Lunar New Year to vacate cargo backlogs. Photo credit: . amp 34 / Vessel space and equipment are in such high demand at Asian ports that importers are paying as much as 50 percent higher than the already record spot market rates ....
Joc
Published 4y-11mo-1w-2d-12h-19m ago
amp 34 Administration of the vaccination, not delivery of the vaccines, has proved the hardest part to date of the campaign to suppress COVID 19. Photo credit: . amp 34 / Efforts to distribute COVID 19 vaccines are running into roadblocks, most often at the state level, casting s....
Joc
Published 4y-11mo-1w-2d-12h-31m ago
amp 34 Similar to most airlines around the world, the majority of Cathay Pacific amp 39 s passenger fleet remains grounded, keeping vast amounts of belly cargo space out of the market. Photo credit: Cathay Pacific. amp nbsp amp 34 / The much anticipated surge in peak season air ....
Joc
Published 4y-11mo-1w-2d-14h-47m ago
amp 34 Marianne Rowden has been a pivotal advocate for importers and exporters the last decade and a conduit between the private sector and public policy and enforcement agencies. Photo credit: . amp 34 / Marianne Rowden will step down as president and CEO of the American Associa....
Joc
Published 4y-11mo-1w-2d-17h-40m ago
amp 34 USPS is struggling with increased holiday volumes and high employee absenteeism amid the COVID 19 pandemic. Photo credit: . amp 34 / On time delivery performance for the United States Postal Service USPS , UPS, and FedEx rebound slightly at the end of December despite rec....
Joc
Published 4y-11mo-1w-3d-12h-1m ago
amp 34 “We should be picking the freight that appreciates and values our service,” said Forward Air chairman and CEO Tom Schmitt. Photo credit: Forward Air Corp. amp 34 / Forward Air will work with activist investors who want change at the transportation company to boost its s....
Joc
Published 4y-11mo-1w-3d-15h-25m ago
amp 34 Carriers are expected to seek 2021–22 contract rates of about $2,000 per FEU from Asia to the US West Coast, according to Drewry. Photo credit: Sheila Fitzgerald/ . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annual Review and....
Joc
Published 4y-11mo-1w-3d-17h-56m ago
amp 34 Israeli carrier Zim has dramatically improved its financial position in the last few years. Photo credit: . amp 34 / Zim Integrated Shipping Services, riding high on expectations of record profits for 2020, has released its prospectus ahead of an initial public offering I....
Joc
Published 4y-11mo-1w-4d-15h-1m ago
amp 34 Shippers are hoping major increases in contract rates across all transportation modes in 2021 also bring improvements in service. Photo credit: . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annual Review and Outlook.Supply chai....
Joc
Published 4y-11mo-1w-4d-20h-47m ago
amp 34 US e commerce sales increased 36.7 percent in the first nine months of 2020, peaking at 16.1 percent of total retail sales in the second quarter. Photo credit: Mitch Hutchinson/ . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annu....
Joc
Published 4y-11mo-2w-1d-16h-17m ago
amp 34 Gnosis Freight set out to build ocean container management technology for shippers that minimizes the disruption to their existing workflows. Photo credit: . amp 34 / Most shippers generally acknowledge there are logistics processes that could be improved through the use o....
Joc
Published 4y-11mo-3w-1d-16h-14m ago
amp 34 US imports of beverages and spirits from the EU jumped 45 percent in October compared with June, when initial COVID 19 lockdowns ended on both sides of the Atlantic. Photo credit: Enrico Powell / . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journ....
Joc
Published 4y-11mo-3w-1d-17h-38m ago
amp 34 Asia–Europe container volumes declined for nine straight months before turning positive in August, September, and October. Photo credit: . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annual Review and Outlook.Asia–Europe sh....
Joc
Published 4y-11mo-3w-1d-17h-42m ago
amp 34 TRAC Intermodal, DCLI, and Flexi Van Leasing, the three largest US chassis providers, all plan to add both new and refurbished units to their equipment fleets in 2021. Photo credit: DCLI. amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Comme....
Joc
Published 4y-11mo-3w-1d-17h-47m ago
amp 34 Miami had a 10 percent increase in laden imports year over year, with the largest increase in cargo through the Seaboard Marine terminal, which mainly handles north south Latin American trade. Photo credit: . amp 34 / South Florida’s drayage network is under strain as 20....
Joc
Published 4y-11mo-3w-2d-12h ago
amp 34 Growth in Asian imports to the Gulf Coast skyrocketed 64.3 percent in November, more than double the year over year percentage growth seen on the East and West coasts. Photo credit: Port NOLA. amp 34 / After a second half of 2020 in which unprecedented trans Pacific contain....
Joc
Published 4y-11mo-3w-2d-12h-16m ago
amp 34 As of Dec. 12, there were 18 container ships awaiting berth off the ports of Los Angeles pictured and Long Beach, the most severe backup since the months long West Coast longshore labor dispute in 2014 15. Photo credit: Underawesternsky/ . amp 34 / This story appears in t....
Joc
Published 4y-11mo-3w-2d-13h-57m ago
amp 34 The new vessels ordered by Hapag Lloyd will be fitted with a dual fuel engine that will operate on LNG, but has sufficient tank capacity to run on conventional bunker fuels. Photo credit: . amp 34 / Hapag Lloyd Wednesday said it will spend about $1 billion to build six ult....
Joc
Published 4y-11mo-3w-2d-17h-58m ago
amp 34 Maersk India said the haulage waiver complements what it has already been doing to tackle the equipment shortage for exports out of the country. Photo credit: Maersk India . amp 34 / Indian shippers are seeing an opportunity to secure lower ocean carrier pricing after ra....
Joc
Published 4y-11mo-3w-2d-18h-8m ago
With vessels continuing to back up in the harbor, and work expected to slow down on the docks during the holidays due to labor shortages, terminal operators at the ports of Los Angeles and Long Beach are bracing for a difficult couple of weeks ahead.....
Joc
Published 4y-11mo-3w-3d-11h-8m ago
amp 34 Global container volumes are forecast to rise 5.8 amp nbsp percent in 2021, but capacity will only grow 2 to 3 amp nbsp percent. Photo credit: . amp 34 / This story appears in the print edition of the Jan. 4, 2021, Journal of Commerce Annual Review and Outlook.After notchi....
Joc
Published 4y-11mo-3w-3d-13h-15m ago
A plan to expand the lower portion of the Houston Ship Channel received a major boost late Monday with Congressional passage of the Water Resources Development Act of 2020, which provides the federal share of funding for the $1 billion project.....
Joc
Published 4y-11mo-3w-3d-13h-33m ago
The integration between AscendTMS’s widely used transportation management software with predictive pricing and historical benchmark trucking data from DAT Solutions is a signal that users of such systems want more value piped directly into the platforms on which they rely.....
Joc
Published 4y-11mo-3w-3d-17h-58m ago
amp 34 The growth in e commerce will drive a number of logistics investments and acquisitions to support last mile solutions. Photo credit: . amp 34 / International forwarder AIT Worldwide Logistics is expanding its e commerce capabilities through the acquisition of Fiege Forward....
Joc
Published 4y-11mo-3w-4d-12h-30m ago
Visibility provider project44 has raised $100 million in its latest funding round to build out its multimodal platform while hinting it may seek to go public in the next two years.....
Joc
Published 4y-11mo-3w-4d-13h-54m ago
The effective application of technology for most shippers comes by creating a combination of many solutions – each of which performs a specific logi....
Joc
Published 4y-11mo-3w-4d-14h-40m ago
Breakbulk shipping: US based project forwarders say they’re struggling to secure capacity as rebound demand and multipurpose and heavy lift capacity is tapped by container lines in reaction to even stronger container demand.....
Joc
Published 4y-11mo-3w-4d-15h-5m ago
Freightos has developed an application programming interface API to allow e commerce marketplaces to plug international freight services directly into their broader offerings to business to business sellers.....
Joc
Published 4y-11mo-3w-4d-21h-47m ago
There’s debate about how much of a knock on effect COVID 19 vaccine distribution could have on other types of cargoes, but US shippers are cautioned to plan for some disruption.....
Joc
Published 4y-11mo-4w-11h-12m ago
A weekly service will carry 53 foot domestic intermodal containers between Tampa and Brownsville, Texas, for cross border shipments between the US and Mexico.....
Joc
Published 4y-11mo-4w-11h-31m ago
The planned New Orleans container termianl will handle rising container volumes, particularly Asian imports, and allow the port to make larger play for Midwest cargoes routed through the West Coas....
Joc
Published 4y-11mo-4w-12h-2m ago
Parcel carrier FedEx warned surcharges will be a “necessary part” of its pricing strategy after a quarter in which increased efficiencies in its Ground operations led to large gains in operating income.....
Joc
Published 4y-11mo-4w-12h-52m ago
Less than containerload LCL operators are driving the bulk of technology development in their market due to its niche nature and inherent complexity, but that may change as more volume gravitates to LCL.....
Joc
Published 4y-11mo-4w-15h-53m ago
Brazilian forwarders are also facing the problem of rolled cargo that is adding up to a month to cargo transit times, even as importers delay placing orders amid the economic uncertainty created by the impact of the COVID 19 pandemic.....
Joc
Published 4y-11mo-4w-20h-47m ago
The truck driver turnover rate is rising at truckload carriers as they compete for employees that’s spurring a new round of pay hikes for drivers.....
Joc
Published 4y-11mo-4w-1d-11h-28m ago
Global container line schedule reliability hit new lows in November as carriers contended with unprecedented cargo volumes and port congestion on most trade lanes, according to the Global Liner Performance report released Thursday by Sea Intelligence Maritime Analysis.....
Joc
Published 4y-11mo-4w-1d-12h-57m ago
