Price is taking a back seat to reliability and predictability in this year’s service contract negotiations as shippers push carriers for larger space commitments while carriers are favoring customers with a proven ability to deliver committed volumes on a consistent basis.
Having US ports return to a pre-COVID “status quo” depends on a slowing of cargo volumes and a return of labor to the logistics workforce in significant enough numbers to improve cargo flow.
Despite an expected return to single-digit monthly increases in imports from Asia this year, already-stressed US ports are still likely to struggle to handle cargo volumes.
CSX Transportation CEO James Foote told federal regulators he will look to increase headcount at the Class I railroad as it seeks to take more business from trucking
Container shipping’s global group has objected to proposed amendments in Europe’s emissions trading system that it believes undermine the polluter-pays principle.