Trans-Atlantic container volumes rebounding

A long-awaited recovery in the trans-Atlantic trade appears to be underway with a steep increase in US import volume from Europe for some previously hard-hit commodities.

As US truck capacity tightens, ‘shippers of choice’ first in line

US shippers are returning to the ‘shipper of choice’ model as a peak season unlike any other looms ahead, trucking executives told the virtual CSCMP 2020 Edge conference this week.

Magaya buys Catapult to bolster quoting power for forwarders

The forwarding operations software provider Magaya has acquired rate management software stalwart Catapult to integrate quoting capability into its set of solutions for third-party logistics providers.

Ro-ro carriers report modest bounceback after dismal first half

Risk of excess capacity in the global roll-on, roll-off (ro-ro) fleet remains high even as sales improve, as car and high and heavy volumes are not expected to return to 2019 levels until 2023.

Asia–US West Coast spot rate eclipses $4,000 per FEU: Drewry index

According to Drewry's container freight rate index, some spot pricing from China to the US West Coast surpassed $4,000 per FEU this week, a psychological barrier that appeared to be insurmountable just last week due to admonitions from regulators in China and the US about aggressive carrier pricing.

Essential Reads

Maersk’s reorganization is expected to lead to a raft of redundancies and possible office closures, with Danish newspaper Borsen reporting a loss of 3,400 jobs, or roughly 4 percent of its workforce.
New service offerings announced recently by CMA CGM demonstrate that while alliances serve the carriers well in terms of cost efficiencies, the benefits may not extend much further.
The US import surge that began in late June now looks like it will continue at least through October as consumers turn to e-commerce for purchases, including holiday season merchandise.
Shippers need quicker access to carrier, rate information as lanes, customers, and pricing shift under COVID-19, C.H. Robinson says.
The Los Angeles–Long Beach gateway’s market share increased in July as retailers focused just-in-time shipments through Southern California, a trend that is expected to continue through September.