U.S domestic intermodal pricing jumped 5.6 percent week-to-week, or by $115, to $2,169 per unit in the week ending Sept. 22, according to a weighted average for all-in, 53-foot containers door-to-door provided by third-party logistics provider IDS.
Kuehne + Nagel, the world’s largest sea freight forwarder, said it is targeting the trans-Atlantic container trade to offset slowing Asian exports to Europe.
The 2M and O3 alliances likely will first lock horns in the Asia-Mediterranean trade, with planned increases in capacity threatening to unleash a rate war, according to analyst Alphaliner.
Maersk Line clarified a recent comment by CEO Soren Skou in which he appeared to say that his company would not relinquish its longtime No. 1 ranking after Alphaliner said it would be overtaken by Mediterranean Shipping Co. in 2016.
Mexico’s Port of Lázaro Cárdenas reported a second straight month of year-over-year increases in imports in August, following decreases in every previous month for more than a year.
The U.S. Commerce Department set duties on 53-foot dry intermodal containers from China after a preliminary determination concluded manufacturers received unfair subsidies from the Chinese government
U.S. shippers are paying more to move goods inland as contract truck pricing rises as the fall inland peak shipping season gets under way, according to FTR Associates.
Reported U.S. cargo thefts from June through August declined 16 percent from the previous three months and averaged $182,115 per incident, according to FreightWatch International.
Global container port traffic will top 840 million 20-foot-equivalent units by 2018, with Africa and greater China posting the fastest growth rates, according to shipping consultancy Drewry.
The Justice Department said it won’t challenge an agreement by two major container pools to share each other’s intermodal chassis in a “gray” pool in the ports of Los Angeles and Long Beach.
Diesel particulate matter emissions from ships, trucks, trains and other big machines at the Port of Long Beach has declined by 82 percent since 2005, according to an annual analysis of the area’s air quality.
CMA CGM, China Shipping Container Lines, OOCL and PIL plan to launch a new joint service connecting Northeast Asia, Australia and New Zealand in early November.
A fire has closed the Port of Los Angeles with the possibility that the largest container port in the Americas won't reopen until tomorrow