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US LTL trucking market still in flux as freight shifts among carriers

William B. Cassidy, Senior Editor |
Large LTL carriers were the biggest winners from Yellow’s shutdown, but smaller regional carriers are making significant volume gains as well, according to SJ Consulting Group.
SurfaceTrucking NewsLTL

Ocean carriers suspend Asia-Europe contract offers until Red Sea ‘settles’

Greg Knowler, Senior Editor Europe |
With no certainty on how long the Red Sea disruptions will last, carriers say they are unable to consider all the factors required to set and negotiate long-term rate levels.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

Forwarders warn of Asia-Europe air rate surge amid Red Sea crisis

Greg Knowler, Senior Editor Europe |
Extended transit times, growing equipment shortages and port congestion are forcing European and Asian cargo owners to explore alternatives to ocean transport.
Asia-EuropeAir CargoAir Cargo Forwarder News

International intermodal volumes to rebound slightly in 2024

Ari Ashe, Senior Editor |
IPI growth could accelerate if external events such as longshore contract negotiations on the East and Gulf coasts or further restrictions on vessels transiting the Panama Canal prompt a significant shift in import volumes to the West Coast.
SurfaceIntermodal providersNorth-American rail

SC Ports requests study to deepen channel leading to North Charleston Terminal

Teri Errico Griffis, Associate Editor |
The dredging would be part of a multifaceted project to expand the terminal’s capacity from 500,000 TEUs to 2.5 million TEUs within the next decade and allow it to handle ships of any size.
North American portsPort infrastructureTransport, Trade, and Regulation News

Soft seasonal spot gains deflate US truckload expectations for rebound

William B. Cassidy, Senior Editor |
Shipper-paid spot rates rose only marginally in December and are likely to stay close to the bottom established over the last six months, absent a sharp increase in demand.
SurfaceTrucking NewsTruckload

New Jersey warehouse demand ebbs amid consumer spending slowdown

Michael Angell, Associate Editor |
Along with vacant warehouses, tenants that want to downsize or move through subleases are also adding to supply.
North American portsContainer Shipping NewsIndustrial Real Estate News

Minimal capacity growth to keep MPV/HL rates above pre-pandemic levels

Susan Oatway, Research Analyst-Breakbulk and Project Shipping |
With capacity restricted, global MPV/HL rates are expected to rise again starting in the second quarter of 2024.
Breakbulk NewsBreakbulk carriersProject cargoRo/ro cargoHeavy-haul transport

Stronger intermodal service in H2 leads to high customer satisfaction: survey

Ari Ashe, Senior Editor |
The Journal of Commerce’s biannual Intermodal Service Scorecard found customers were more satisfied with their domestic intermodal service in the second half of 2023 even as railroads handled more containers in the back half of the year.
Domestic Intermodal Service ScorecardIntermodal providers

Maersk opts for rail crossing on a north-south service to bypass Panama Canal

Michael Angell, Associate Editor |
Citing the ongoing measures to limit ship transits and cargo capacity on the Panama Canal amid a severe drought, Maersk retooled an Oceania-US service to use a land bridge across the isthmus.
Container linesContainer Shipping NewsNorth American ports

Cosco warns of 80% drop in 2023 operating profit as weak fundamentals weigh

Greg Knowler, Senior Editor Europe |
The supply-demand imbalance that built steadily through 2023 has clearly brought the two-year bull run of profitability enjoyed by the container shipping industry to an end.
MaritimeContainer Shipping NewsContainer lines

Soaring green vessel orders add to bloated container ship orderbook

Greg Knowler, Senior Editor Europe |
Container ship orders reflect rising regulatory pressure to cut emissions, but the fast-growing number of alternative fuel vessels are adding to an increasingly bloated orderbook.
MaritimeContainer Shipping NewsContainer lines

Still-swollen US truckload capacity tamping down rate hikes

William B. Cassidy, Senior Editor |
With the market still replete with carriers and trucks, shippers can expect to keep pricing power for most of 2024.
SurfaceTrucking NewsTruckload

Weak economy, Ukraine war hit Antwerp-Bruges' 2023 container volume

Greg Knowler, Senior Editor Europe |
Europe’s second-largest container port reported a decline in annual throughput for last year, but the drop was expected given the bearish market fundamentals in place.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

US Labor Department resets guidelines on contractor, employee status

William B. Cassidy, Senior Editor |
Trucking groups will be lining up to challenge a Labor Department rulemaking that will change guidelines used to determine when a worker is a contractor or employee.
SurfaceTransport, Trade, and Regulation NewsDrayageTrucking NewsTruckload

US retailers urge USMX, ILA to restart contract talks to avoid disruptions

Michael Angell, Associate Editor |
Stalled labor talks covering the East and Gulf coasts are adding to the uncertainty shippers are already feeling given recent disruptions involving the Red Sea and Panama Canal, the National Retail Federation says.
Longshore laborContainer Shipping NewsNorth American ports

Zim joins list of carriers deploying sensors on dry box fleet

Eric Johnson, Senior Technology Editor |
The carrier’s move comes amid increased scrutiny on the positioning of container ships due to the ongoing militant attacks on commercial vessels transiting the Red Sea.
Logistics Technology NewsContainer Shipping NewsContainer linesSupply chain

Australian shippers face worsening delays from DP World-dockworkers dispute

Keith Wallis, Special Correspondent |
The disruption has worsened since last month after the union doubled the weekly work stoppages from around 24 hours to up to 48 hours at DP World’s terminals.
MaritimeContainer Shipping NewsContainer linesPort NewsMarine terminalsLongshore laborInternational ports

Big OOCL revenue decline for 2023 signals harsh earnings season for carriers

Greg Knowler, Senior Editor Europe |
The Cosco subsidiary’s operational update did not provide profit and loss figures but gives an indication of the impact plunging rate levels will have on ocean shipping’s annual results.
MaritimeContainer Shipping NewsContainer linesTrans-PacificTrans-AtlanticAsia-Europe

Northeast US ports forecast return to growth after down 2023

Michael Angell, Associate Editor |
Container activity underperformed expectations for much of last year as many importers were still working down elevated inventories that built up during the pandemic-induced cargo surge.
MaritimePort NewsNorth American ports

Container ship disruptions seen easing after Lunar New Year: analysts

Michael Angell, Associate Editor |
The mini-peak season ahead of China’s factory holiday is causing short-term challenges for container shipping, but analysts say conditions should ease after Lunar New Year.
Container linesContainer Shipping NewsTrans-PacificAsia-Europe

Border crossing reliability a hot topic in Mexico intermodal contract talks

Ari Ashe, Senior Editor |
While companies that use the crossing at Eagle Pass are seeking to reassure existing and potential customers, competitors using Laredo, where no closures have occurred, are wasting no opportunity to talk up that route’s relative reliability.
North-American railIntermodal providers

Market aligning to trigger import surge on US West Coast: analyst

Larry Gross, president and founder, Gross Transportation Consulting, and Journal of Commerce analyst |
Geopolitics, drought and longshore labor are creating substantial tailwinds that could, at least in the near term, dramatically boost West Coast market share, particularly Los Angeles and Long Beach, writes analyst Larry Gross.
MaritimeTrans-PacificMarine terminalsNorth American ports

Destocking freeing up US warehousing space, but costs remain elevated

William B. Cassidy, Senior Editor |
Continued diversification in US entry points will eventually lead to greater demand for warehousing and storage at inland nodes.
Industrial Real Estate NewsSupply chain

Carriers quoting trans-Pac rates of $5,000/FEU on Suez-linked equipment imbalances

Bill Mongelluzzo, Senior Editor |
The new rate move by carriers comes as the security situation in the Red Sea shows no signs of improving and amid retail restocking in the US ahead of an early Lunar New Year.
MaritimeContainer Shipping NewsContainer linesTrans-Pacific

US trucking workforce on edge of seasonal cliff after job losses

William B. Cassidy, Senior Editor |
US trucking employment shrank last year, and seasonal trends point to more cuts in 2024 amid weak freight demand.
SurfaceTrucking NewsTrucking labor

HMM boosts India-USEC capacity by signing onto ONE’s new WIN service

Bency Mathew, Special Correspondent |
HMM has opened an array of connections out of India in recent years, including the launch last August of a solo, 12-vessel string connecting the Far East, the Middle East and the Mediterranean.
MaritimeContainer Shipping NewsContainer linesNorth American portsInternational ports

Red Sea attacks tackle high capacity-low rate challenge for carriers

Greg Knowler, Senior Editor Europe |
Some analysts are reassessing their outlook for the container shipping industry as the Red Sea crisis absorbs capacity and pushes rate levels higher on the Europe and US East Coast trade lanes out of Asia.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

MSC, CMA CGM look to push stagnant trans-Atlantic rates higher

Greg Knowler, Senior Editor Europe |
Rates on the headhaul corridor have been loss-making for the last few months, so carriers are trying to get prices up to what they consider more sustainable levels.
MaritimeContainer Shipping NewsContainer linesTrans-Atlantic

Gulf Coast ports eyeing expansion amid ‘modest’ growth forecast

Michael Angell, Associate Editor |
Although they were unable to completely escape last year’s downturn, ports in the region recorded import declines that were well below the national average.
Port NewsMarine terminalsNorth American ports

3PL Kenco expands warehousing reach in key US markets

William B. Cassidy, Senior Editor |
The acquisition of The Shippers Group gives Kenco greater distribution capacity and underscores resilient demand for space and integrated logistics services despite a weak freight market.
SurfaceSupply chainTrucking NewsIndustrial Real Estate News

US chassis demand tepid amid ample units, additional manufacturers

Ari Ashe, Senior Editor |
Chassis lessors must work quickly to be prepared to unstack units when the international intermodal market rebounds.
Supply chainContainer Shipping NewsSurface

Rerouted Asia-Europe voyages to cause space, equipment shortages

Greg Knowler, Senior Editor Europe |
Difficulties in finding vessel capacity and empty containers as ship voyages are extended will join rising rate levels on the growing list of supply chain issues faced by shippers.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

Ocean carriers playing catch up in reducing risk of lithium-ion fires on ships

Peter Tirschwell |
The shipping industry, while acknowledging the batteries are here to stay and can’t be banned as cargo, is lagging behind in coming to terms with risks that remain poorly understood.
MaritimeContainer lines

Yellow terminal auction redrawing US LTL map as pricing surge subsides

William B. Cassidy, Senior Editor |
With more than 160 facilities still on the auction block, a sizable amount of less-than-truckload capacity once provided by Yellow is up for grabs as the trucking market slows in early 2024.
SurfaceTrucking NewsLTL

Lack of green compliance could be costly for some Southern California warehouses

Bill Mongelluzzo, Senior Editor |
The facilities must adhere to new emissions-cutting rules implemented several months ago by regulators or risk daily fines approaching $12,000 per day.
Supply chainIndustrial Real Estate NewsTransport, Trade, and Regulation News

Trans-Pacific air cargo rate rally ends in steep new year dive

Greg Knowler, Senior Editor Europe |
The strong e-commerce demand from the US that kept trans-Pacific air cargo rates rising through the fourth quarter quickly fell off after the end-of-year holidays.
Air CargoAsia-Europe

India-Europe ocean rates keep spiking as more void calls emerge

Bency Mathew, Special Correspondent |
Short-term contract rates on the trade lane have already more than doubled this week from what most major carriers were quoting in the second half of December.
MaritimeContainer Shipping NewsContainer linesInternational ports

US West Coast ports aim to win back shippers after two-year share loss

Bill Mongelluzzo, Senior Editor |
The ports will be aided by continued transit constraints at the Panama Canal, potentially testy longshore negotiations on the East and Gulf coasts, and terminals that are as fluid as they have been since before the pandemic.
MaritimeTrans-PacificMarine terminalsNorth American ports

Asia-US container spot rates surge on Red Sea vessel diversions

Michael Angell, Associate Editor, and Bill Mongelluzzo, Senior Editor |
The upending of regular transits to the US East and Gulf coasts through the Suez Canal has prompted ocean carriers to issue rate increases to cover higher operating costs.
Container linesContainer Shipping NewsTrans-Pacific