Eastbound Pacific spot rates jump with peak season at hand

A teacher union blockade of freight rails in Mexico that trapped 4,000 thousands of containers in the key port of Lazaro Cardenas, and also some in Manzanillo, preventing them from moving in and out of the port, is over.

Terminal operators in LA-LB temporarily suspend chassis gate fee that was scheduled to take effect on Monday.

Maersk Line is pushing back against speculation that it will try to acquire Hyundai Merchant Marine.

Despite an uptick in volume in July, trucking executives see a long road ahead before truckload rates rise.

A strong yen, lower fuel prices and growing competition took a toll on revenue at Japan Airlines in the first quarter of fiscal 2016.

Japan’s three largest container warned of even worse financials than originally expected after reporting deep losses thanks to overcapacity.

Global Ship Lease attributed its strong financial position to its independence from the spot charter market.
Global Ship Lease said it is well positioned to acquire more vessels.

While general freight demand has taken a hit, premium services offered by International Airlines Group are growing on a tonnage basis.

As overcapacity and weak demand continue to plague the global transportation industry across modes, competition for cargo has only intensified.

Spot rates will end the month of July almost where they began after another big bounce.