The alarm bells are ringing. Maersk Line CEO Soren Skou told Lloyd’s List late last month that the industry “is at the risk of a full-fledged rate war unless the industry comes to its senses.” “Where is the bottom for container rates?” Jeffries’ Johnson Leung asked in his most recent weekly update. So what do the carriers need to do now?
Peter Tirschwell
Senior VP of Strategy Peter Tirschwell is a prominent thought-leader in maritime transportation with more than 20 years as journalist and business leader at The Journal of Commerce.
E-mail Peter.
Connect with Peter on LinkedIn.
Follow Peter on Twitter.
Latest Tweets
PeterTirschwell said: @frankbugarisiii I almost used it myself a few weeks ago until I found a quicker solution, still at @HomeDepot
PeterTirschwell said: Swipe at S.Carolina governor for letting Charleston slip out of the top 50 world ports while Savannah notches upwards http://t.co/MTevZ7l4gF
PeterTirschwell said: Matson says it has 3% of the Shanghai to LB market and 1% of China-W.Coast overall, i.e. a "very, very small player" http://t.co/dXChOo8R44
PeterTirschwell said: Thanks to housing, @HomeDepot CEO tells analysts today that "we are...revising upwards both our sales and earnings guidance for the year"
PeterTirschwell said: Home Depot says rollout of "Buy Online, Ship to Store," e-commerce model where customers pick up goods at stores is "ahead of expectations"
PeterTirschwell said: Analyst sees a 2nd half surge in intermodal due to truckload capacity constraints stemming from CSA and HOS rules http://t.co/tkOSqlnSsy
PeterTirschwell said: Employee-driver law faces likely veto by NJ Governor Christie despite being passed by the state assembly http://t.co/8ANvfU9DRG
PeterTirschwell said: Clear reluctance by carriers to trim Asia-Europe capacity taking its toll on pricing, Drewry says. http://t.co/3Da47sHDvk
PeterTirschwell said: Another obstacle to PNW coal exports as Native Americans take a stand against proposed port facility http://t.co/skEqC7K13K
PeterTirschwell said: Successful rights issue showed the handiwork of Ron Widdows in making Rickmers look and act more like a public entity http://t.co/BDiJmpLzKk
More from Peter Tirschwell
This fall, what will become the Kansas City Intermodal Facility will be a loud and busy place as BNSF’s newest intermodal terminal roars to life. But what is more noteworthy is the planned adjoining...
The relative calm of ocean transportation becomes choppy for international freight as soon as it hits land in North America.
A slow-boiling debate that’s been simmering since last year has broken out into the open: Is the container industry approaching an “inflection point” in which the balance of supply and demand shifts...
Twitter may be an unparalleled tool to toss out a short thought, idea or a headline, but to say it tells half the story does it too much justice; it tells a much smaller fraction of the story. Below...
As the TPM Conference convenes in Long Beach this week, the trans-Pacific market’s ability to throw curveballs year after year continues to impress. In past years, these took the form of port...
A few weeks ago an intermodal executive asked me a question to the effect of, “Where should we be headed?” As I talked out my answer and the rationale, it occurred to me that on the surface I sounded...
In 2007, the last year before the financial crisis, the container industry was at the end of a spectacular multiyear grow
The will to act collectively isn’t something container lines are known for — just look at the rates and scarcity of profi
As 2013 gets under way, one of the biggest lasting impacts of the recession — the change in the U.
It’s hardly new to say third-party logistics as an industry has been on a great run.
More on JOC
Is Your Supply Chain Costing You Money?
Best Practices for Building a Resilient Supply Chain
Bridge the Gaps in Your GTM Operations with Gartner Research