Yellow attorneys quash ‘going concern’ bid for LTL network, equipment

William B. Cassidy, Senior Editor |

An attempt to buy and revive some version of Yellow was called “not viable” after a terminal auction raised $1.9 billion from 22 bidders.

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Carrier CEOs issue COP28-linked statement urging action on energy transition

Peter Tirschwell |

The rare joint statement reiterates earlier comments by container lines that a greenhouse gas pricing mechanism is needed to make green fuel competitive with traditional bunkers during the phase when both fuels will be in use.

THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts

Michael Angell, Associate Editor, and Mark Szakonyi, Executive Editor |

Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships that can use the main artery for container trade between the US East Coast and Asia.

US warehouse fluidity returning to normal amid import drop, inventory discipline

Bill Mongelluzzo, Senior Editor |

US importers have finally cleared out most of the inventory overhang that kept their warehouses at capacity and created bottlenecks in their supply chains.

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Europe’s consortia block exemption failed to drive competition

John McCauley