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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Freightos goes public on NASDAQ in first measure of logistics tech value
Eric Johnson, Senior Technology Editor |
Freightos’ public listing on the NASDAQ will be the first test of how public investors value one of the more prominent logistics technology companies to emerge over the past decade.
Logistics Technology News
Container Shipping News
Forwarding
Air Cargo
Air Cargo Carriers News
Air Cargo Forwarder News
Supply chain
WiseTech makes US drayage play with acquisition of Envase
Eric Johnson, Senior Technology Editor |
WiseTech Global, owner of the most widely used forwarding software product, has acquired a prominent vendor of drayage management software, capping a year of takeovers for the company.
Logistics Technology News
Forwarding
Port News
Drayage
Supply chain
Big Flexport layoffs offer potential clue to its future identity
Eric Johnson, Senior Technology Editor |
Scrutiny over Flexport’s job cuts earlier this month points to a long-term issue for the venture-backed logistics company: a perceived lack of identity in a market that has long been skeptical of its differentiation.
Logistics Technology News
Forwarding
Trans-Pacific
Lack of data leaves shippers reliant on 3PLs to reduce Scope 3 emissions
Eric Johnson, Senior Technology Editor |
Pressure on shippers to take a more active role in bringing down so-called Scope 3 emissions covering the activities of a company’s third-party vendors — including transportation — has increased in recent years.
Transport, Trade, and Regulation News
Container Shipping News
Container lines
Forwarding
Logistics Technology News
ECU parent forms investment partnership with logistics-focused VC firm
Eric Johnson, Senior Technology Editor |
A partnership between venture firm Northstar and India’s Allcargo Group is meant to formalize their joint investment plans into logistics-focused startups over the next year.
Logistics Technology News
Container Shipping News
Forwarding
Supply chain
Declining freight demand prompts Flexport to cut 20 percent of global staff
Eric Johnson, Senior Technology Editor |
Falling demand for ocean and air freight services is driving headcount cuts across the logistics sector, with forwarder Flexport the latest to announce layoffs.
Forwarding
Trans-Pacific
Logistics Technology News
C.H. Robinson searching for new CEO — and new course for growth
William B. Cassidy, Senior Editor |
The change in leadership is likely to accelerate strategic changes in planning and capital spending at C.H. Robinson that have been under way since last March at the urging of investors.
Surface
Forwarding
Truckload
Logistics Technology News
Small forwarders, technology vendors link up in pursuit of new products
Eric Johnson, Senior Technology Editor |
Partnerships between small forwarders and early-stage software vendors offer a symbiotic opportunity to shape product direction that is not possible with more established technology providers.
Logistics Technology News
Forwarding
Pandemic profits leave 3PLs well positioned as freight demand wanes
Eric Johnson, Senior Editor |
After two years of record profits, a continued softening of demand and increased competition will put forwarding margins under pressure in the first half of 2023.
Forwarding
Container Shipping News
Contract rates on trans-Pacific, Asia–Europe set to tumble: analyst
Greg Knowler, Senior Editor Europe |
Long-term rates on major trade lanes out of Asia have fallen steadily through Q4 as shippers sign fewer contracts and instead ride the collapsing spot markets.
Container Shipping News
Container lines
Forwarding
Trans-Pacific
Asia-Europe
Forwarding tech providers push into US trucking market
Eric Johnson, Senior Technology Editor |
The need for forwarders to tether quoting and tracking in international freight modes to US surface modes has been highlighted by new offerings from ECU Worldwide and Freightos.
Trucking News
Forwarding
Truckload
LTL
Intermodal providers
Air Cargo Forwarder News
Logistics Technology News
Calmer supply chain waters beckon in 2023
Bill Cassidy, Senior Editor |
As the US economy slows, logistics managers are searching not just for lower supply chain costs but a normalization of freight flows and networks, a level of stability and predictability that remains elusive.
Container Shipping News
Forwarding
Trucking News
North-American rail
Trans-Pacific rates settling at a shifting bottom: sources
Bill Mongelluzzo, Senior Editor |
Carriers, forwarders, and shippers say there will be no pre-Lunar Year bump in rates because they expect US demand to remain weak while exports from China decline further.
Container Shipping News
Container lines
Forwarding
Trans-Pacific
North American ports
Carriers halt spot bookings from South China amid capacity crunch: forwarders
Keith Wallis, Special Correspondent |
China’s exports fell almost 9 percent in November, while carriers continue to pull significant levels of capacity on trans-Pacific and Asia-Europe services.
Container lines
Forwarding
Trans-Pacific
Asia-Europe
Costco exits ship chartering with $93 million charge
Michael Angell, Associate Editor |
Peak supply chain congestion prompted major US retailers to charter their own ships, but Costco is now unwinding that bet.
Forwarding
Breakbulk News
Volume, rates will decline through Q1 2023: ONE’s Nixon
Greg Knowler, Senior Europe Editor |
Singapore-based carrier ONE expects to end its fiscal year with profits below the record earnings generated in FY2021 with no short-term improvement likely in container shipping markets.
Forwarding
Trans-Pacific
Asia-Europe
Ocean freight rates may slide to pre-pandemic levels by end of year: HSBC
Greg Knowler, Senior Europe Editor |
Tumbling rates and an injection of capacity as congestion clears has become a price-destroying tool on the major export trades out of Asia.
Forwarding
COVID-19 gives rise to new risk calculus for supply chains
Peter Tirschwell |
The legacy of the pandemic’s effect on supply chains will be less about permanent cost increases and more about permanently altered attitudes towards risk, writes JOC’s Peter Tirschwell.
Forwarding
Higher costs, poor vessel reliability continue to hinder US ag exports
Michael Angell, Associate Editor |
US agriculture shippers still face challenges and elevated costs in reaching overseas markets due to unexpected billing from ocean carriers and uncertain vessel schedules.
Container lines
Forwarding
Breakbulk carrier, box maker team for trans-Pac domestic container service
Michael Angell, Associate Editor |
Carrier53, a joint venture of a breakbulk vessel operator and container manufacturer, said it will offer trans-Pacific sailings from China to the US West Coast with a special emphasis on domestic intermodal containers.
Container lines
Forwarding
Breakbulk carriers
Weakening ocean market not yet in shippers’ favor: analysts
Greg Knowler, Senior Europe Editor |
Container shipping trades out of Asia will continue to slow through the second half of the year as the global economy contracts, but carriers and analysts say it will be a gradual weakening of demand and rates rather than a sharp drop.
Forwarding
Vessel delays costing shippers billions: Sea-Intelligence
Greg Knowler, Senior Europe Editor |
A new report is putting hard figures to the costs of high demand, port congestion, and the resulting increase in inventories.
Forwarding
Capacity management will stabilize rates despite growing orderbook: carriers
Greg Knowler, Senior Europe Editor |
The container ship orderbook currently stands at 26.7 percent of the global fleet, with much of the new capacity to be delivered in 2023 and 2024, but carriers have no intention of allowing the additional supply to undermine rates and profitability.
Forwarding
Europe–Asia reefers battling for space with returning empties
Greg Knowler, Senior Europe Editor |
Reefer equipment for European exporters is in short supply as the refrigerated shipments compete for carrier attention with less complex and higher-priced dry containers.
Forwarding
Shippers’ COVID playbook not necessarily etched in stone
Peter Tirschwell |
There is ample evidence that shippers during the COVID-19 pandemic have torn up the supply chain playbook that served them effectively for years, but questions remain over whether those changes will be permanent.
Forwarding
Rising LNG-powered vessel orderbook sparks environmental concerns
Greg Knowler, Senior Europe Editor |
The number of LNG-powered dual-fuel vessels ordered by major carriers has risen sharply in the past year, but so has opposition from environmental groups that say the newbuilds will lock in fossil fuel production for decades.
Forwarding
Panama Canal looks to implement tolls for empty containers
Michael Angell, Associate Editor |
The Panama Canal Authority is proposing a new tolling plan that would assess the first fees on empty containers returning from North America to Asia.
Forwarding
International ports
Clearing congestion key to lower ocean rates: McKinsey
Michael Angell, Associate Editor |
A report from McKinsey & Co. says that ocean freight rates will only return to pre-COVID-19 levels if US demand for consumer goods slows and port congestion clears.
Container lines
Forwarding
North American ports
Container lines beefing up Asia–US East Coast capacity: eeSea
Michael Angell, Associate Editor |
US East Coast ports will see an uptick in deployed vessel capacity to start 2022 thanks to additional all-water Asia services being added by ocean carriers.
Forwarding
New market dynamics driving demand for freight futures
Eric Johnson, Senior Technology Editor |
A sea change in ocean freight rate volatility has precipitated new efforts to drive usage of derivatives, with index providers suggesting there is previously unseen appetite from shippers and forwarders for hedging tools.
Forwarding
Container lines
Logistics Technology News
True supply chain relief requires end-to-end recovery
Peter Tirschwell |
End-to-end recovery in the global supply chain will only come through slower demand growth and a period of calm that is far from guaranteed as long as COVID-19 continues to affect manufacturing and consumption.
Forwarding
Investment options abound for container lines riding profit windfall
Eric Johnson, Senior Technology Editor |
Liner carriers find themselves in the unusual position of having cash to both repay debt and invest in a range of ways, from new ships to technology to strategic acquisitions.
Maritime
Container lines
Forwarding
Container usage fees soaring in 2021: shippers
Michael Angell, Associate Editor |
Detention and demurrage costs have soared in 2021, and shippers complain that many of these storage fees are mistaken and difficult to correct.
Forwarding
JOC Rankings: COVID-19 drove revenue gains for air freight, final-mile providers in 2020
Michael Angell, Associate Editor |
International air freight and last-mile delivery saw the fastest revenue growth in the transportation sector last year, while industrial transportation suffered.
Forwarding
Container lines
Trucking News
International rail
North-American rail
Air Cargo Carriers News
Last Mile News
Steadying container rates belie global volatility
Lars Jensen, CEO & Partner, Vespucci Maritime, and JOC Analyst |
Anyone trying to read into recent activity in freight rate indices should be careful to distinguish between what they would like to see and what they might actually be seeing, JOC analyst Lars Jensen says.
Forwarding
US retailers won’t use charters in long term: container lessors
Peter Tirschwell and Cathy Morrow Roberson, JOC Analyst |
Container leasing companies question the cost efficiencies of retailers leasing containers and chartering ocean vessels and suggest retailers work with ocean carriers.
Forwarding
Spread in ocean freight rates offers opportunity for some shippers
Lars Jensen, CEO & Partner, Vespucci Maritime, and JOC Analyst |
When assessing the ocean container market, participants should not only look at the headline-grabbing rate figures — the spread is equally important.
Forwarding
CMA CGM backs research into hydrogen-fueled shipping
JOC Staff |
CMA CGM is supporting an experimental vessel that will sail around the world as part of a research project into viability of using seawater to produce hydrogen on board.
Forwarding
Suez-delayed ships to start reaching US East Coast by weekend
Michael Angell, Associate Editor |
US East Coast ports will see more vessel calls and volume through April 20 due to the expected arrival of Suez-delayed container ships.
Forwarding
Volatility delays THE Alliance’s service changes: Alphaliner
JOC Staff |
The tight market for shipping capacity is causing a roughly one-month delay to THE Alliance’s planned US and European service changes.
Forwarding
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