Third GRI in a month pushes Asia-US container rates higher

Forwarders tell that with GRIs, peak-season surcharges (PSSs) and bunker-fuel adjustments all taking effect this week, freight rates in the eastbound trans-Pacific vary from shipper to shipper.

Asia air cargo exports show signs of recovery

There were encouraging signs for air cargo in June, but uncertainty over demand patterns and available capacity is clouding the industry outlook through the summer.

JOC Uncharted: Digitalization will reduce LTL costs, improve service

Shippers looking to cut costs should examine how much digital integration they have with their less-than-truckload (LTL) partners and whether their transportation and dock operations are as efficient as possible, panelists told JOC Uncharted.

Asia-Europe container spot rate rally extends into July

Europe’s recovering economies are generating increasing demand for Asian imports and keeping rates up and container shipping space tight.

CMA CGM helps expand clean-fuel initiative in Europe

An industry-spanning initiative has been launched in Europe to find a sustainable alternative to fossil fuel.

Essential Reads

Container shipping, for the moment, has broken the self-destructive cycle of the post-financial crisis decade that saw carriers resorting to pulling cost levers like building mega-ships and slow steaming that benefit them, but not their customers.
The average capacity of container ships calling ports around the world, and the average amount of cargo exchanged per call, continued to grow in almost all regions in 2019.
The demand outlook on the Asia–Europe trade remains deeply uncertain, but carriers continue to hold the line on pricing amid a high level of blank sailings and volume declines.
The latest economic and trade outlooks for Europe paint a gloomy picture for the year.
The National Industrial Transportation League said its members do not rely on the publication of essential contract terms, eliminating the need for carriers to make such filings.