Trans-Pacific dysfunction can seed carrier-shipper collaboration

Shippers can complain, but pricing power — at least for now — has shifted away from shippers due to carrier consolidation and growing capacity discipline seen most dramatically in the swift spring withdrawals following the onset of the COVID-19 pandemic. That puts pressure on shipper to engage more with carrier not less.

Record Asia–Europe container rates squeeze lower-value cargoes

Importers of higher-value cargo from Asia have been better able to withstand higher spot rates, forcing some shippers of lower-value cargo out of the market completely.

Hong Kong hopes to lure bigger ships, more cargo from increased bridge limit

Without easing the air draft limits under the Tsing Ma bridge, ships calling at Hong Kong and the western Shenzhen ports face a lengthy transit south of Hong Kong through Chinese waters.

UPS Freight sold to Canada’s TFI for $800 million

The sale of its $3.1 billion less-than-truckload (LTL) subsidiary narrows UPS’s focus and gives TFI International a much bigger presence in the North American LTL market, from Canada to Mexico.

Ex-CMA CGM terminal chief Sartini joins Yilport as co-CEO

The long-standing connections between CMA CGM and Yilport were again on display with the carrier’s former ports and terminals division head joining the Turkish port operator.

Essential Reads

US ports are preparing for a possible worsening of terminal and landside congestion issues that could arise as increasingly larger vessels call at the gateways.
The truck driver turnover rate is rising at truckload carriers as they compete for employees; that is spurring a new round of pay hikes for drivers.
There’s debate about how much of a knock-on effect COVID-19 vaccine distribution could have on other types of cargoes, but US shippers are cautioned to plan for some disruption.
The warning from two FMC commissioners comes as some carriers are refusing export bookings so they can ship empty containers back to Asia faster to be refilled with higher-paying exports to the United States.
COVID-19 and the wave of imports reaching the US will keep pressure on transportation capacity and pricing, from ports to the last mile, shippers warned Tuesday.