<div class="phx-topic abstract-wrapper"><p>The rebound offset a sluggish first quarter for Evergreen Marine, Yang Ming and Wan Hai, with a Yang Ming executive saying he expects the buoyant rate outlook to continue into the third quarter.</p></div>

The rebound offset a sluggish first quarter for Evergreen Marine, Yang Ming and Wan Hai, with a Yang Ming executive saying he expects the buoyant rate outlook to continue into the third quarter.

Feature image

Container lines

Container Shipping News

Maritime

Taiwan's Big 3 carriers see Q2 revenue recovery on higher rates, volumes

<div class="phx-topic abstract-wrapper"><p>Los Angeles and its terminal operator tenants are offering up to $300,000 per truck for drayage operators purchasing at least 10 battery-electric vehicles.</p></div>

Los Angeles and its terminal operator tenants are offering up to $300,000 per truck for drayage operators purchasing at least 10 battery-electric vehicles.

Port News

North American ports

Marine terminals

Port of LA incentives aim to accelerate EV drayage adoption

<div class="phx-topic abstract-wrapper"><p>The revision follows a similar move by Gemini Cooperation partner Maersk as frontloading on the trans-Pacific and Asia–Europe trades fills ships and drives up rates.</p></div>

The revision follows a similar move by Gemini Cooperation partner Maersk as frontloading on the trans-Pacific and Asia–Europe trades fills ships and drives up rates.

Asia-Europe

Trans-Pacific

Hapag-Lloyd hikes full-year profit guidance on robust demand

<div class="phx-topic abstract-wrapper"><p>The president announced the about-face in a post on his social media platform, saying the US would instead be reimbursed for providing naval security in the region via trade deals with Gulf states.</p></div>

The president announced the about-face in a post on his social media platform, saying the US would instead be reimbursed for providing naval security in the region via trade deals with Gulf states.

Trump backs off plan to charge ‘security fee’ for Hormuz transits

<div class="phx-topic abstract-wrapper"><p>The strong second-quarter performance is a clear indication of the financial rewards carriers are reaping from frontloading on the two main trades out of Asia.</p></div>

The strong second-quarter performance is a clear indication of the financial rewards carriers are reaping from frontloading on the two main trades out of Asia.

Volume surge boosts OOCL revenue in second quarter

<div class="phx-topic abstract-wrapper"><p>Ocean carriers are increasing penalties for canceling orders and not delivering containers for services connecting India to Europe and North America.  </p></div>

Ocean carriers are increasing penalties for canceling orders and not delivering containers for services connecting India to Europe and North America.

Booking restrictions for India exports tighten amid rush

<div class="phx-topic abstract-wrapper"><p>If California truly wants to clean the air along its freight corridors, CARB must walk back a “shortsighted” restriction that makes the move to zero emissions uneconomical for midsize truck fleet owners.</p></div>

If California truly wants to clean the air along its freight corridors, CARB must walk back a “shortsighted” restriction that makes the move to zero emissions uneconomical for midsize truck fleet owners.

Surface

CARB’s 11th-hour rug-pull stymies momentum in zero-emission transition

<div class="phx-topic abstract-wrapper"><p>With the US-Mexico-Canada Agreement joint review now open, the distance between the landed-cost model and the operational reality is widening.</p></div>

With the US-Mexico-Canada Agreement joint review now open, the distance between the landed-cost model and the operational reality is widening.

Supply chain

The landed-cost illusion: nearshoring’s hidden friction in Mexico

NY-NJ

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Virgina

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 Weekly % change: {change_last_month_norfolk.formatNumber('#.##%')}

Houston

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Savannah

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The *Journal of Commerce* calculates outbound port rates using data from Cargo Chief, DAT Freight & Analytics, digital freight broker Loadsmart, and an anonymous survey of truckload brokers. Outbound port rates cover Los Angeles-Long Beach, Oakland, and Seattle on the West Coast, and Houston, New York-New Jersey, Virginia, and Savannah on the Gulf and East coasts.

US East and Gulf Coast ports inbound dry-van truckload spot rates (JOC)

Inbound spot dry van trucking rates from US East, Gulf Coast ports Gateway

<div class="phx-topic abstract-wrapper"><p>There’s little to no sign truckload rate hikes are slowing post-July 4, as tight capacity keeps pricing elevated headed into what’s typically a slower season. </p></div>

There’s little to no sign truckload rate hikes are slowing post-July 4, as tight capacity keeps pricing elevated headed into what’s typically a slower season.

Trucking News

Truckload

US truckload spot rates surpass COVID-19 highs under supply pressure

<div class="phx-topic abstract-wrapper"><p>The carrier called the move ‘a structural change’ but said contingency plans included a return to Africa transits should the security situation deteriorate.</p></div>

The carrier called the move ‘a structural change’ but said contingency plans included a return to Africa transits should the security situation deteriorate.

Gemini begins 'gradual return' to Suez-Red Sea transits 

<div class="phx-topic abstract-wrapper"><p>With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices. </p></div>

With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices.

Latest spike in spot rates could be last hurrah for trans-Pacific carriers

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<div class="phx-topic abstract-wrapper"><p>With a recent investment commitment from current majority owner China Merchants Port Holdings, Hambantota’s annual box-handling capacity is expected to double to 2 million TEUs by the end of the year.</p></div>

With a recent investment commitment from current majority owner China Merchants Port Holdings, Hambantota’s annual box-handling capacity is expected to double to 2 million TEUs by the end of the year.

MSC in talks to buy into Sri Lanka’s Hambantota amid port deal spree: sources

<div class="phx-topic abstract-wrapper"><p>But this month will be the end of an early peak season that began in May and increased in intensity, according to the Global Port Tracker, with imports for August through November expected to be lower year over year.</p></div>

But this month will be the end of an early peak season that began in May and increased in intensity, according to the Global Port Tracker, with imports for August through November expected to be lower year over year.

US imports to hit record high in July amid pre-tariff push: retailers

<div class="phx-topic abstract-wrapper"><p>Sources in India told the <i>Journal of Commerce</i> ONE has agreed to charter about 500 TEUs of slot space per week on Hapag-operated ships working the trade lane.</p></div>

Sources in India told the Journal of Commerce ONE has agreed to charter about 500 TEUs of slot space per week on Hapag-operated ships working the trade lane.

Taiwan's Big 3 carriers see Q2 revenue recovery on higher rates, volumes

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Essential Reads

US truckload spot rates surpass COVID-19 highs under supply pressure

Gemini begins 'gradual return' to Suez-Red Sea transits

Latest spike in spot rates could be last hurrah for trans-Pacific carriers

Recent Commentary

CARB’s 11th-hour rug-pull stymies momentum in zero-emission transition

The landed-cost illusion: nearshoring’s hidden friction in Mexico

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