Memphis shippers ask STB to intervene on intermodal congestion

A group of Memphis shippers and truckers want the US Surface Transportation Board to instruct railroads to stop charging storage fees until a chassis shortage is resolved.

US truck freight tonnage rose 8.9 percent in March

Unadjusted US tonnage data from the American Trucking Associations shows freight returned to the highways after a frozen February, propelling truck spot pricing to a new ceiling.

CN looks to break up KCS-CP merger with rival bid

Canadian National’s $33.7 billion bid for Kansas City Southern would provide intermodal shippers some key alternatives to KCS’s proposed merger with Canadian Pacific, and possibly ignite a bidding war.

Digital air freight platform expands with Turkish Cargo signing

The digitalization of air freight is gathering pace with Turkish Airlines, the latest carrier to embrace real-time booking.

Risk-focused visibility sensor maker gets VC backing

PAXAFE, which focuses on reducing cargo underwriting risk through visibility hardware and software, has nabbed funding to build traction in high-risk freight verticals.

Essential Reads

Even as containerized agriculture exports have grown every year since 2015 and global commodity prices rise, agriculture exporters won’t find it easier to secure equipment and ocean slot space until the import imbalance eases.
Strongly growing volume on China-Europe rail is causing surprisingly few major delays as forwarders find new routes around potential choke points on the network.
Tight truck capacity is a prime reason for the growth of dedicated trucking, but not the only one. Shippers are using dedicated as a tool to influence customers and reshape supply chains.
A storage depot closure near the Port of New York and New Jersey throws light on the efficiency hurdles drayage carriers face when ocean carriers redirect empty containers to other sites.
Despite the IMO 2020’s sulfur cap, the COVID-19 collapse in oil prices last year made the case for sulfur scrubbers less urgent. But BIMCO said scrubbers now make sense.