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Tim Kopfensteiner will become president of MPV carrier BBC Chartering’s US operations following Per Petersen’s retirement later this year.

When it became apparent the carriers’ recent GRI had succeeded in bumping up spot rates by several hundred dollars, sources say customers moved to sign their contracts out of concern that rates would only go higher the longer they waited.

Funds will go to projects that focus on reducing emissions from port-related truck idling, particularly in communities adjacent to ports.

CEO Jens Bjørn Andersen couched the year-on-year downswing as all part of the normalization of cargo markets as they continue to reset from the heavily disrupted supply chains of the past two years.

Jaxport is seeking a new tenant or tenants for a 79-acre parcel at the Talleyrand Marine Terminal in preparation for Toyota vacating the property in 2025.

The FMC is poised to implement potentially far-reaching changes in how detention and demurrage fees are assessed, a move that could cloud how to incentivize the movement of cargo through US marine terminals.

The use of slow steaming, which will also reduce emissions, is one method for MSC to absorb more ships coming into its fleet this year without adding more weekly capacity.

Yellow, the largest Teamsters employer in the US less-than-truckload sector, says it is willing to negotiate a new contract a year early as it tries to remove roadblocks to consolidating its network.

A ‘book and claim’ solution from DSV allows the forwarder to scale up its decarbonization efforts by giving shippers greater access to low-carbon fuels used by transport operators.

HMM later this year will also conduct field tests of an onboard carbon capture system designed to capture CO2 from greenhouse gas emissions generated during vessel operation.

Package volumes at the largest US package carrier by revenue fell farther than expected in the first quarter, especially in March, thanks to shifts in spending, UPS executives said. 

Human intervention is necessary to ensure that AI is adapted into shipping in a measured way, as quality decisions are dependent on quality data, attendees at the Journal of Commerce’s Breakbulk and Project Cargo Conference were told.

The forwarder’s CFO said ocean freight demand in the second quarter was expected to be much the same as Q1, but there were signs that stockpiling by customers in major markets was nearing an end.

The scale of PSA International’s ambitions to expand its reach beyond its 60 container port terminals by leveraging the acquisition of a non-asset-based global logistics provider parallels Maersk’s own integrator ambitions.

As funding opportunities expand, energy security concerns force investors to reevaluate their priorities, attendees at the Journal of Commerce’s Breakbulk and Project Cargo Conference were told.

A period of record profitability for ocean carriers is coming to a stark end, and amid a worsening supply-demand balance, the industry will find it increasingly difficult to raise rate levels, according to the maritime consultancy.

CPKC signed a deal with Swift Intermodal for a new daily train between central Mexico and Chicago less than 24 hours after Union Pacific announced a partnership with Canadian National and Ferromex.

The legislation would give the Federal Maritime Commission the direct ability to block carrier and terminal agreements it views as anticompetitive, without the need for a court order.

Coming to an agreement on the manning issue at Los Angeles–Long Beach would allow the ILWU and PMA to move on to other big matters such as wages and retirement benefits, sources say.

Breakbulk and project cargo carriers are likely to take their cue from container carriers before committing to building alternative fuel ships to meet aggressive carbon reduction mandates, experts say.

Weak import demand, Russian sanctions, and the loss of cargo to neighboring ports combined to drag down volume at Europe’s largest container port in the first quarter.

Elevated US inventories and inflation in South America are weighing on freight demand at the same time container carriers are increasing capacity between the two regions, dragging down pricing.

Schneider National has inked a multiyear partnership with CPKC on intermodal service between Mexico and the US Midwest, a move that will provide new options for shippers seeking a single train to move their north-south freight.

BIMCO’s head of Americas called for changes to the Carbon Intensity Indicator that would make the new regulation from the International Maritime Organization “fit for purpose.”

Vancouver’s proposed Robert Banks Terminal 2 cleared a major federal environmental hurdle this week, putting the focus on who will construct and build the facility with a planned annual capacity of 2.4 million TEU.

Foes of the Oakland stadium plan said building at the 55-acre terminal site would disrupt the flow of traffic in and out of the port and create a security risk.

An abundance of trans-Atlantic capacity and improving schedule reliability through the first quarter has been accompanied by a steep drop in volume, with rates falling steadily since the New Year.

The stickiness of the mid-April rate increase suggests that the first green shoots of US demand are beginning to emerge on the trans-Pacific.

Some truckers think it is unfair that shippers incur demurrage on weekends when railroads are open and chassis locations are closed, but it’s a complex issue without an easy answer.

An advanced sense of “pragmatism” is needed for shippers and nations to cope with changes wrought by war and climate change, attendees at the Journal of Commerce’s Breakbulk & Project Cargo Conference were told.

The ILWU statement comes even as Local 13 continued to engage in job action this week that has been slowing cargo handling at the ports of Los Angeles and Long Beach.

The scale of demand for green methanol and the number of market participants involved in producing the zero-carbon fuel will play a crucial role in setting prices and maintaining price stability, observers say.

Integration specialist Prompt Global has connected CargoWise with key visibility provider FourKites to save forwarders money and time aligning cargo milestones with transportation management.

The Intermodal Association of North America is adding its voice to the chorus of opposition against a federal push to reclassify independent workers.

The inclusion of shipping in Europe’s ETS carbon pricing mechanism is almost a done deal, with legislators having one more bureaucratic hurdle left to clear.

An unadjusted 9.3 percent gain in tonnage from February reversed a slide in freight volumes but paled in comparison with increases in 2022 and 2021, data show.

The West Coast continues to lose discretionary cargo to the East and Gulf coasts as shippers seek to avoid the type of disruption that has been occurring in Southern California of late linked to ongoing labor negotiations.

Alabama legislators are looking to pass a series of new tax credits that aim to encourage more shippers to use the state’s ports and labor force.

The Supreme Court turned away New York’s attempt to keep New Jersey beholden to a bi-state police agency charged with labor oversight at their jointly run port.

Transportation and logistics companies continue to grow by acquiring competitors, and although the wave of acquisitions may have crested there is still plenty of opportunity in a soft market.