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Events

Senior Editor

A US bankruptcy court approved a $1.525 billion bid by Estes Express Lines to be the “stalking horse” that sets the floor price for Yellow’s terminals at auction, controlling their sale in November.

Estes wins battle to control sale of Yellow terminals amid tightening LTL capacity 

Emissions spiked at the ports during the pandemic due to record container volumes and unprecedented supply chain bottlenecks that caused ships to idle at anchorage and trucks to back up at terminal gates.

LA-LB must do more to reduce port emissions despite 2022 declines: regulator 

Signaling some growth expectations, Indian container volumes saw gains in August, hitting 1.9 million TEUs, up 14% from 1.7 million TEUs a year earlier.

August volume boost, FAK rate revisions drive India-Europe rates higher

Carriers appear reluctant to make the drastic capacity reductions required to match supply with demand on the westbound trade lane, leaving rates far below pre-pandemic levels.

Trans-Atlantic blank sailings to ease despite loss-making rate levels 

Associate Editor

The decision to suspend a service outright may represent a new leg down in terms of ship capacity, which is expected to grow sharply this year and next.

More trans-Pac service cuts on tap for October as carriers seek to buoy rates 

The Class I railroad and DrayNow will launch an app in 2024 designed to digitize, organize and streamline processes that have previously been performed via email or over the phone.

Norfolk Southern teams with tech company to ease intermodal cargo flow 

These are issues with a myriad of complexity, but they are not beyond the ability of the talented individuals at the FMC and in our industry, who know intuitively and through their experience what is reasonable and just, writes an executive for BassTech International.

Container shipping

Transport, trade and regulation

Identifying unreasonable detention charges still a work in progress

Not knowing how to navigate Incoterms rules can create true vulnerability for sellers and buyers of breakbulk and project cargo. 

Breakbulk shipping

Breakbulk carriers

Knowing Incoterms rules 

Senior Technology Editor

Flexport founder and CEO Ryan Petersen refused to pin the blame for the company’s abrupt change in leadership on waning freight demand, saying the forwarder “has been through worse macro environments.” 

Flexport lost touch with customers under brief Clark reign: Petersen

The carrier has made a cash offer to acquire just under 50% of HHLA in a deal that will significantly expand its terminal and intermodal reach.

MSC makes bid for a half-stake in Hamburg’s main terminal operator 

The head of terminal operator SSA Marine says ports along the US Gulf and Southeast have a strong cost advantage over the West Coast that is fueling their growth, with that gap only expected to widen. 

SSA aims for US Gulf, Southeast port growth as Ceres deal closes: CEO

As many have observed in disparaging the notion of a “digital” forwarder, of which Flexport was the prototype, forwarding at its core is a business of people solving real-world problems for which there is not — and probably never will be — a technology solution, writes Peter Tirschwell. 

Flexport’s bumpy evolution shows, ultimately, people and relationships matter

The new allegation against Yang Ming comes less than a week after the carrier settled a dispute with another US importer, also over allegations it failed to honor vessel capacity commitments. 

Bed Bath & Beyond files FMC complaint against Yang Ming in capacity dispute 

Sanctions imposed on Moscow following its invasion of Ukraine continue to limit the attractiveness of transport times as low as 12 days offered by forwarders on the China-North Europe rail network.

Rapid rail transit via sanctions-hit Russia has limited appeal for European shippers  

North Asia to US West Coast and East Coast container spot rates (Platts)

Container spot rates are produced by S&P Global Platts editors who are engaging with market participants to assess the current value of freight-of-all-kinds (FAK) rates on major container trades. The rates include bunker adjustment factors, general rate increases and emergency rare restoration. They also include low-sulfur, equipment imbalance, and repositioning surcharges. The rates exclude terminal handling, port security, overweight container, delivery, and detention and demurrage charges. [Platts](https://www.spglobal.com/commodityinsights)

Platts North Asia to US East and West Coasts Weekly Gateway

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Estes wins battle to control sale of Yellow terminals amid tightening LTL capacity

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