Shippers look to keep 2021 transportation budgets grounded

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Cosco upsizes Asia-US Gulf service to post-Panamax ships amid port upgrades
3PL Echo moves to expand LTL business with new executive hires
Increased vessel capacity, reliability key to 2023 reefer rebound
No ‘musical chairs’ by carriers after end of 2M Alliance: Maersk CEO
Spot truckload rates rising at US East Coast ports, falling on West Coast

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Cosco upsizes Asia-US Gulf service to post-Panamax ships amid port upgrades

The buildout of warehouse and distribution capacity in Gulf Coast states is prompting ocean carriers to deploy larger ships, with Cosco Shipping joining the rush.

3PL Echo moves to expand LTL business with new executive hires

Primarily an industrial transportation sector, the LTL business is moving into retail and is also becoming more involved in transloading at US port cities.

Increased vessel capacity, reliability key to 2023 reefer rebound

Refrigerated container trade was muted in 2022 due to high costs and poor service, but ocean carriers appear keen to serve those markets in 2023 now that dry cargo rates have returned to pre-pandemic levels.