Ocean carriers’ schedule reliability rose in April amid falling volumes
The port congestion in Asia and North America that compromised vessel on-time performance during the pandemic began to ease last fall with declining cargo volumes, and the reliability improvements have accelerated since.
- Market headwinds push CMA CGM Q1 revenue, profit sharply lower
- CBP rules US chassis manufacturer evaded tariffs on China-sourced parts
- Shippers bemoan lack of progress in ocean visibility despite heavy investment
- Hydrogen-driven barge debuts on Europe’s inland network
- ‘Super’ slow steaming makes a comeback as surplus capacity builds
Trans-Pac carriers showing flexibility in service contract negotiations: forwarders
With import volumes sharply lower than last year, trans-Pacific carriers are more willing to consider requests for fixed-rate pricing and inland transportation bookings in 2023-24 service contracts, sources say.
House bill wants security checks of port cranes made by US ‘adversaries’
The bipartisan legislation does not identify specific countries that manufacture the cranes that would be subject to inspection, but a statement from the co-sponsors specifically mentions China.
Asia import volumes jumped in April as US shippers navigated GRIs
Asian imports into the US last month reached their highest level since October 2022 as freight rates rose, but further import gains look unlikely as shippers take a wait-and-see approach to consumer demand.