Shippers in the trans-Pacific should brace for a confusing fourth quarter as carriers in October file low-sulfur fuel surcharges customers will have to pay in November and December. Those interim fees will be replaced by permanent floating surcharges effective Jan. 1.
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Expanding an appointment system in the Port of New York and New Jersey could hamper the ability of truckers to pick up cargo, according to the head of the largest drayage group operating at the port.
With capacity plentiful and spot rates softening, NVOs’ share of US imports from Asia in the first half of 2019 edged lower after having increased steadily the previous five years.
The Cass Truckload Linehaul Index has gone negative for the first time since March 2017, a signal that in addition to spot rates, contract rates are starting to suffer as well; intermodal prices are also expected to go negative in October.
A government report on the worst case Brexit scenario outlines the damage that could be in store should the UK leave the European Union without a deal.
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