Saia builds LTL volume, expands terminal network

The ninth-largest LTL carrier is in a race to build out its network capacity as more freight and heavier shipments hit its docks.

Digital bulk, breakbulk marine management startup raises $8.4 million

Low-code digital platform Voyager Portal is focused on reducing complexity and cost in non-containerized global shipping operations.

Retiring NS CEO leaves legacy of PSR, increased profits

Norfolk Southern CEO Jim Squires will retire in May, capping a 29-year stint at the US railroad and six years in the top job, which included a transition to precision scheduled railroading.

HMM reaffirms plan to privatize

The latest talk about a share sale that would start the path toward privatization comes after HMM announced record third-quarter results on Nov. 10 with a near 10-fold increase in net profit to almost $2 billion.

Ashley Furniture buys US truckload carrier

Ashley Furniture has purchased Wilson Logistics, a large truckload and logistics provider in the western US, the second transaction in recent weeks of a cargo owner taking direct control of transportation.

Essential Reads

Shippers are being forced to rethink how they approach contract negotiations with carriers in the midst of an overheated market while wondering when rates may return to normal levels.
One shipping executive said China’s limiting of cabotage volumes to domestic operators has hindered ports such as Dalian and Qingdao from developing their own transshipment business.  
The International Longshoremen’s Association is appealing a federal labor judge’s decision that it engaged in an unfair labor practice against South Carolina’s newest marine terminal.
The Port of Virginia is expanding the rail footprint of Norfolk International Terminals (NIT) to take advantage of import volumes that have grown at the fastest rate of any US Southeast port in 2021.
CMA CGM is making a significant investment in its air cargo division, placing its second direct order for new freighter aircraft.