Double- and triple-digit year-over-year increases in imports from Asia at the top US gateways speak to the issues of vessel bunching and congested marine terminals at some of the busiest ports.
Saturday April 17, 2021
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COSCO Shipping
COSCO Shipping
COSCO Shipping Corporation, established in 2016 through a merger of COSCO and the China Shipping Group, operates one of the world’s largest container fleets, with a total capacity of almost 3 million TEUs, as well as large fleets for transporting dry bulk, general, and specialized cargo. COSCO also operates over 50 container terminals worldwide with world-leading throughput of more than 110 million TEUs, as well as one of the world’s largest container-leasing businesses.
A leading provider of offshore engineering and vessel agency services, COSCO’s strategic multifaceted vision is to become a leader not just in shipping, but logistics, finance (including ship leasing, shipping insurance, and supply chain finance); equipment manufacturing, and other related services.
Webcasts
Apr 22, 2021 2:00PM EDT
May 20, 2021 2:00PM EDT
Jun 8, 2021 1:00PM EDT
Press Releases
16 Apr 2021
J.B. Hunt will be adding 12,000 new containers in 2021, upping its original order announced in January based on increased shipper demand for intermodal service.
16 Apr 2021
The removal of quarantine rules for fully vaccinated Hong Kong-based air freight crew is a relief for airlines like Cathay Pacific, which estimates the operational constraints caused by the regulation has added more than $100 million to its monthly costs in Q1.
16 Apr 2021
The ILWU and their employers have made significant progress in increasing the labor supply in Los Angeles-Long Beach, but hiring and training will continue indefinitely amid growing cargo volumes and a continued shortage of skilled workers.
16 Apr 2021
Chain.io, which provides logistics companies and shippers with a cloud-based integration platform to better connect the myriad systems they use, has raised $5 million to broaden its reach.
15 Apr 2021
Drewry’s multipurpose index bounced 15 percent and the inaugural Market Sentiment Index has revealed a wary optimism as the MPV sector benefits from container chaos.
15 Apr 2021
Maritime executives tell Congress the US needs to take a greater role in developing low-carbon shipping fuels.
15 Apr 2021
Gartner’s first dissection of the real-time transportation visibility market found project44 and FourKites out in front of rivals, but said the market remains small relative to broader spend on logistics solutions by shippers.
15 Apr 2021
Shippers — big and small — need to re-assess their supply chain strategies for the post-pandemic new normal and find the best balance between transactional costs, and supply chain speed, flexibility, and resilience.
15 Apr 2021
With the US economy recovering at the fastest pace since 1984, shipping executives and analysts are warning that container shipping is going to get messier in the foreseeable future.
15 Apr 2021
Torch Logistics will use $3.5 million in seed funding to expand its short-haul truckload brokerage to capitalize on e-commerce demand.
14 Apr 2021
Boston’s Conley Terminal expects to be big-ship ready by fall of 2021 after installation of new cranes.
14 Apr 2021
A New York City regulator who established a minimum wage for app-based rideshare drivers has been nominated to head the US truck safety watchdog agency.
14 Apr 2021
Four parcel carriers were among the five fastest-growing trucking companies in 2020, thanks to a 44 percent increase in e-commerce spending, SJ Consulting Group data shows.
14 Apr 2021
The surge of ships caught up in the Suez Canal blockage are arriving in North Europe and the first wave has hit Singapore, but so far there have been no significant delays reported.
14 Apr 2021
Carriers and shippers have struggled with a shortage of boxes since the middle of last year as port congestion and vessels delays soak up container capacity and delay the return of empty boxes to key export markets.
14 Apr 2021
New ship orders have soared in the past few months, but there are rumblings of unease over the supply-demand balance once the vessels enter service in a couple of years.
14 Apr 2021
Stakeholders fear a new COVID-19 lockdown that has gone into effect in Bangladesh will worsen congestion at the Chittagong port yard, further slowing the delivery of containers.
13 Apr 2021
Darrel Harris joined the former YRC Worldwide in November and will now lead efforts to transform Yellow into a profitable multi-regional less-than-truckload carrier.
13 Apr 2021
A US International Trade Commission vote Tuesday clears the way for a countervailing duty on Chinese chassis and is likely to open the door to tripling the cost of chassis to importers, exporters, truckers, and chassis providers.
13 Apr 2021
Invoice automation provider OpenEnvoy has translated early traction in the logistics industry into a sizable seed round intended to help it scale quickly.
13 Apr 2021
If the only meaningful discussions with labor occur within the context of contentious and disruptive contract negotiations, no policy approach to the issue of container throughput can hope to yield lasting solutions.
13 Apr 2021
The carrier rate increases of April 1 may not have been fully realized, but the sharp increase has been driven by strong US import demand and disrupted schedules.
13 Apr 2021
3PLs are partnering with specialized technology providers to address shippers’ last-mile capacity needs as well as to help lower shippers’ transportation costs.
13 Apr 2021
Factoring solutions provider and lender eCapital saw an uptick in revenue in 2020 and is now merging its acquisitions under a single brand as it sees consolidation taking root in the logistics financial services space.
12 Apr 2021
Domestic intermodal shippers in California will be subject to a surcharge of $1,000 to $1,500 on excess contract cargo beginning Apr. 25, the first time Union Pacific has instituted such a peak-season fee before the summer.
12 Apr 2021
In calling for the Trudeau government to intervene in an escalating dispute between Montreal port employers and longshore workers, Canadian manufacturers and farmers warned of rising economic damage.
12 Apr 2021
Although railcar availability in Los Angeles-Long Beach is approaching normal levels, container terminal operators say they need twice the number of railcars they normally receive in order to reduce the backlog of rail containers that is clogging their facilities.
12 Apr 2021
MSC has thrown its hat into the Asia-Europe rail ring, offering an intermodal connection that mirrors the sea-air service launched by Maersk two years ago.
12 Apr 2021
A good chunk of the current North American port tightness is not simply elevated market demand, but rather strong demand colliding with sinking productivity as congestion mounts.
12 Apr 2021
Sustained demand and tightening capacity have kept carrier pricing on key trade routes out of India elevated at new heights.
10 Apr 2021
In what is expected to trigger a labor response, Montreal employers say they’re suspending guaranteed income pay after port tonnage fell 11 percent last month owing to cargo diversions amid a long-running dispute.
09 Apr 2021
FreightMango, led in North America by a veteran of Cargomatic, is looking to differentiate itself in a growing field of forwarding services marketplaces by helping shippers vet and select providers.
09 Apr 2021
The Port of Charleston has opened the first new container terminal in the US since 2009, increasing its terminal capacity by nearly 30 percent as cargo volumes surge in the Southeast.
09 Apr 2021
Digital marketplace Convoy is warning US shippers and trucking companies of the risks from what may be the sixth straight year of above-average hurricanes and storms.
09 Apr 2021
Maersk is furthering its ambitions to get closer to its shipper customers with a new fourth-party logistics aimed at large cargo owners that struggle to tie together data around demand, inventory, and cargo flow.
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