US freight economy ‘rebalancing’: US Bank

An increase in housing permits and starts will help rebuild US truck volumes this spring, putting increased demand on truck capacity and spot pricing, according to Bobby Holland, vice president and director of freight data solutions at US Bank.

Lunar New Year calm sets path for less volatile trans-Pacific

This week before the beginning of Lunar Lunar was marked by scattered rolled cargo in Asia and flat spot rates in eastbound Pacific, indicating that the normal pre-New Year surge of imports did not happen.

Container carriers gaining greater control of market

Carriers’ growing experience in reducing short-term capacity without having to resort to more disruptive actions like eliminating full services is a profound change in the market that will help the carriers absorb blows that in the past would wipe away profits like a dustrag.

Mexican port volumes in 2019 lowest in six years on slowing economy

The combination of Mexico’s economic woes and weakness among key trading partners pulled down the volume of cargo moving through Mexican ports in 2019, the first year volumes have fallen since 2013.
Mexican port volumes in 2019 lowest in six years on slowing economy

Strong global growth offsets flagging trans-Pacific in 2019: OOCL

The US-China trade war pulled down OOCL’s performance in the trans-Pacific, but volume and revenue growth in other trades kept its overall operational result in positive territory.
OOCL has reported a good first year under the ownership of Cosco Shipping.

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The US-China trade war slammed import volumes sufficiently enough in 2019 that imports from Asia experienced their first year-on-year drop since the 2009 global recession.
Expect the sale or spin-off of some business to make XPO more a “pure-play” LTL trucking company — smaller, but more focused on US shippers and better positioned to increase shareholder value.
Ag exporters are pleased by Wednesday’s signing of the US-China “Phase One” trade agreement, but the immediate impact on export volumes in the westbound trans-Pacific is unknown because the deal lacks specific details on commodity codes and tariff levels, they say.
Factories in China close for the lunar new year holidays that begin on Jan. 25, and the high spot rates enjoyed by carriers on the trade are beginning to fall.
Return of scrubber-fitted ships to test carrier capacity plans
The fleet-to-orderbook ratio is at its lowest in nearly a decade as carriers maintain a tight grip on capacity, aided by scrubber retrofitting and scrapping.