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.
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
The unseasonably cold front that moved through Chicago last weekend provided railroads and shippers a chilly reminder that the rail meltdown seen in winter 2013-2014 could occur again.
Negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association will likely conclude without a strike or lockout, former Maersk port executive Tony Scioscia told the IANA conference in Long Beach this week.
Port executives at West Coast landlord ports say that when it comes to fixing congestion resulting from big ships and carrier alliances, the buck stops with them.