Shippers should expect more blanked sailings and service disruption as the carriers try to raise freight rates that have tumbled to unprecedented levels on the Asia-Europe trades, a major forwarder has warned.
Hyundai Merchant Marine will become the first carrier to call at the port of Incheon’s new Sun-Kwang terminal when the Hyundai Tokyo ties up in mid-May as part of an Asia-U.S. G6 Alliance service.
Union Pacific Railroad on Thursday appeared to downplay the idea that U.S. West Coast port congestion has changed its expectations that a low- single-digit share of cargo might shift to East Coast when the Panama Canal opens next year.
European shippers are stepping up their scrutiny of shipping alliances by launching their own review of the massive vessel-sharing agreements.
Thousands of independent Brazilian truckers in Brazil are wracking shippers’ supply chains by holding blockages in five states across the country in protest of what they deem are low wages.
Canadian transportation and logistics firm TransForce is increasingly looking to tap cross-border trade growth after acquisitions and a weaker Canadian dollar propelled its net income and revenue in the first quarter.
In an attempt to lure more container cargo, India’s Mumbai Port Trust has extended its previously introduced trade incentive schemes for another year, ending in March 2016.
U.S. intermodal volume last week hit the second-highest point ever, potentially signalling an acceleration of cargo backlogged at U.S. West Coast ports moving inland.
The Teamsters union lost another round in its terminal-by-terminal organizing battle with Con-way Freight, the second-largest U.S. less-than-truckload carrier. To date, the union has three victories and six losses — not counting two terminals where the Teamsters withdrew an election petition.
As of April 1, 2015, Alphaliner calculates current active total liner trade TEU capacity was at 19,191,800 TEUs aboard 5,979 ships, including 18,748,980 TEUs aboard 5,061 fully cellular ships. Year-over-year, that's 7 percent or 1,253,007 TEUs more in active liner capacity, while netting 28 more ships in the fleet. Since Dec. 1, 2014, 2.3 percent or 424,290 TEUs in active liner capacity were added, while netting one more ship in the fleet.