The US Department of Transportation met with groups representing major container lines and retailers, and officials say they are looking at solutions to mitigate the capacity crunch causing port congestion.
CB Richard Ellis (CBRE)
CB Richard Ellis (CBRE)
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2018 revenues of $21.3 billion and more than 90,000 employees (excluding affiliate offices). CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
Since 2008 CBRE has been included on the Fortune 500, ranking #146 in 2019. It has also been voted the industry’s top brand by the Lipsey Company for 18 consecutive years.
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Press Releases
24 Jun 2021
The Port of Wilmington announces the start of a new refrigerated container service for the region’s produce shippers as it seeks to partake in reefer import growth along the US East Coast.
24 Jun 2021
The plight of one BCO on the hook for huge storage fees is familiar to fellow importers struggling to access thousands of containers at Union Pacific Railroad’s Global IV terminal in Joliet, Illinois.
24 Jun 2021
The European Commission is taking a greater interest in the heavily disrupted container shipping sector where service has deteriorated and soaring rates are rivaled only by shipper frustration levels.
24 Jun 2021
Mediterranean Shipping Co. says it will meet the IMO’s short-term emissions targets, but its CEO says the only effective way for shipping to decarbonize will be to find a carbon-neutral fuel.
24 Jun 2021
Supply chain-focused venture fund Dynamo has raised a new tranche of capital it will use to invest in early-stage startups in international logistics and surface transportation, among other adjacent categories.
24 Jun 2021
TradeLens has followed expansion into China with full integrations of Hapag-Lloyd and Ocean Network Express, meaning the platform now has five of the world’s top six container lines.
23 Jun 2021
A shortage of railcars and backlog of rail containers that first surfaced in Los Angeles-Long Beach this winter have migrated up the coast to Seattle, resulting in significant congestion at the Northwest Seaport Alliance’s largest container terminal.
23 Jun 2021
There is a danger in Congress legislating an update to US shipping law during a crisis — a potential overreach and overreaction to an unprecedented global crisis that could ultimately hurt the shippers so-called reforms hope to help.
23 Jun 2021
A lack of truck drivers and equipment, not a cooler economy, is behind a recent drop in for-hire trucking tonnage and spot market volume, as demand overshoots supply chain capacity.
23 Jun 2021
The new shuttle operation in southern India is significant as Colombo and Jebel Ali dominate transshipment movement to and from the east coast of the country.
23 Jun 2021
Operations at the congested Yantian terminals are back to normal, but there is a significant backlog to clear just as the China export trade picks up for peak season.
22 Jun 2021
Rising freight rates and prices for raw industrial materials have shippers scrambling to rework budgets and adjust procurement strategies and project schedules.
22 Jun 2021
The International Council of Containership Operators, also known as the Box Club, is shutting down operations after 48 years due to the changed environment for the industry.
22 Jun 2021
An industry group is urging participants along the supply chain to quickly turn around equipment as the July 4th holiday will see severe tightness for containers and chassis.
22 Jun 2021
Restraint in ship orders over the past few years has been discarded in 2021, with ships over 14,000 TEU now dominating the orderbook.
22 Jun 2021
A software provider that offers visibility and freight matching tools to brokers has been acquired by a private equity firm in a move designed to grow its attractiveness to midsized brokers and small carrier fleets.
22 Jun 2021
Freightos is linking its freight marketplace and rate management products to offer forwarders a white label quoting and booking solution.
21 Jun 2021
Investment fund SoftBank has plowed $240 million into Flexport’s European rival Forto as it expands its bet on progress for the digital forwarding model.
21 Jun 2021
Teamsters at Yellow’s western regional carrier Reddaway agreed to drop their standalone contract and join Yellow’s national master agreement, a step that makes integration of Yellow’s brands easier.
21 Jun 2021
The disruption in ocean shipping is making carriers miss their North Europe berthing windows, creating handling difficulties at terminals and resulting in shipping lines omitting key ports.
21 Jun 2021
Norfolk Southern Railway told customers that a chassis safety recall involves more than 5,000 domestic 53-foot chassis that have problems with their wheels.
18 Jun 2021
Chassis providers are struggling to provide equipment for ocean containers in the US Midwest and Pacific Northwest as shippers hold onto chassis excessively even more frequently than earlier this year, according to importers and TRAC Intermodal.
18 Jun 2021
Just like the container segment, the MPV sector has been short on capacity in the last several months, but unlike on the container side, no major vessel reinvestment program has begun on the MPV side.
18 Jun 2021
US imports from Asia grew faster at West Coast ports than at East and Gulf coast ports in January through May as carriers launched a half-dozen new trans-Pacific services to handle the continuing boom in imports from Asia.
18 Jun 2021
The six busiest North American ports eked out gains in import market share during 2020 thanks to the surge in inbound container volumes at the biggest gateways.
18 Jun 2021
Shipping took another small step on its long and complex path towards decarbonization at the annual meeting of the International Maritime Organization Marine Environment Protection Committee meeting, but key issues around a carbon tax and zero-carbon fuel research fund remain unresolved.
17 Jun 2021
The e-commerce boom means more vehicles moving more goods, and potentially emitting more pollutants, but DHL also sees opportunities to advance sustainability goals on land, sea, and in the air as e-commerce expands.
17 Jun 2021
The Biden administration’s embrace of offshore wind energy generation in the United States means development on an opening round of offshore wind projects on the eastern seaboard will soon be getting underway.
17 Jun 2021
Port Container Yard has reopened a 55-acre container yard in Newark that was previously dedicated to empty containers to store import boxes vacated from congested Port of New York and New Jersey terminals.
17 Jun 2021
Global container supply chains have struggled under months of heavy demand and disruption with no slack left in the system to cope with severe port congestion at a major Chinese export center.
17 Jun 2021
Record-high container freight rates are underscoring the need for shippers to be able to benchmark against peers, a factor in Oslo-based technology provider Xeneta nabbing a new round of venture capital Thursday.
17 Jun 2021
Expansion into China is another piece of progress for TradeLens, the visibility and shipment data platform co-developed by Maersk and IBM.
16 Jun 2021
South China port delays are expected to last for months, pushing shippers into the air in greater numbers for an early peak season where they will be met by tight space and soaring rate levels.
16 Jun 2021
FedEx Freight’s “targeted volume controls” on select shippers amplify industry-wide less-than-truckload capacity constraints that are reshaping the LTL business and sending rates soaring.
16 Jun 2021
Retailers and logistics providers are utilizing technology offerings from such providers as Bringg to expand and manage last-mile delivery options.
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