NY-NJ terminal alters free time to prod Saturday gate usage

The move by Maher Terminals effectively shortens the time a shipper is given to remove their cargo from the port before fees kick in, while putting pressure on motor carriers and warehouses to operate longer hours.

No trans-Pac spot rate normalization until 2023: Zim

Eastbound trans-Pacific spot rates won’t find a floor until capacity loosens up through the unwinding of US port congestion, the CFO of carrier Zim told JOC.com.

Charleston rolls out first phase of proprietary chassis pool

The South Carolina Ports Authority has started leasing new chassis from its Hugh K. Leatherman Terminal as it launches the first phase of its proprietary chassis pool program.

US shippers claiming leverage in truckload pricing

US truckload carriers are increasingly lowering contract rates to keep business as the spot market seeks a new floor, shippers tell JOC.com.

Intra-Asia contract rates soar to new highs on strong trade growth

The value of China’s imports and exports with Southeast Asian countries rose more than 10 percent in H1 to $435 billion to make the ASEAN region China’s biggest trading partner.

Essential Reads

The steep reduction in rail services to Los Angeles-Long Beach is having a knock-on impact at the terminal gates, with the average truck turn time increasing by four minutes in July.
Maersk’s strategy of aggressively expanding long-term contracts is paying off, and with many of the agreements covering multi-years, the carrier is set to reap the financial rewards far beyond 2022.
Drivers are returning to port drayage as long-haul trucking rates slide and operating costs for small, independent motor carriers rise.
Despite the FMC finding there was no collusion among ocean shipping alliances causing elevated freight rates, NITL believes there are still concerns about the industry that new antitrust legislation could address.
The reorganization within the FMC comes as the agency steps up its enforcement and compliance activities in the wake of US shipping reform.