JOC Rankings: COVID-19 drove revenue gains for air freight, final-mile providers in 2020

International air freight and last-mile delivery saw the fastest revenue growth in the transportation sector last year, while industrial transportation suffered.

Zim’s pivot to secondhand ships reflects capacity scramble

Zim is pivoting from its strategy of chartering vessels, rather than owning them, scooping up seven secondhand vessels for $320 million in total, a sign of just how intense the global scramble for capacity has become.

Schedule disruption compounding Indian capacity crunch

With container carriers diverting calls away from congested ports in India, exporters looking to take advantage of peak season demand have been forced to reconfigure their shipment plans.

DP World deepens digital efforts to serve shippers directly

DP World continues to expand its basket of digital services to complement investments it’s made in physical assets, all designed to funnel volume into its terminal operating network.

Duluth port expansion allows for international container handling

Duluth Seaway Port Authority has become the second Great Lakes port with the ability to handle international sea freight with the expansion of a container examination facility.

Essential Reads

Planned increases in capacity to be deployed by carriers in the fourth quarter on Asia-Europe look impressive, but the extra space is being significantly reduced by port congestion that is delaying ships and upending schedules.
Industry leaders have observed in recent weeks that despite efforts by individual ports to address congestion issues, the biggest impact on fluidity of cargo movements will come from an easing of demand.
Container terminals in the Port of New York and New Jersey will start charging truckers who miss appointments, citing the need to recoup the costs of staging containers for pickup.
US importers are taking bolder action to guarantee capacity in ways that would have been unimaginable in years past, from chartering ships, embracing transloading, and paying more to secure contracted ocean capacity
The two widebody freighters ordered by CMA CGM Air Cargo will expand its direct access to air freight space, most likely in the tightly constrained trade lanes out of Asia.