Spot container rates spiked from the previous week as retailers replenished diminished inventories and after capacity has been reduced through dozens of blank sailings in May.
Saturday May 30, 2020
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Canadian National Railway
Canadian National Railway
The only transcontinental network in North America, Canadian National Railway (CN) is a Class 1 railroad that serves Canada as well as the midwestern and southern US. CN operates a rail network of more than 20,000 route-miles of track and more than 24,000 employees.
Based in Montreal, CN offers integrated transportation services in rail, intermodal, trucking, freight forwarding, warehousing, and distribution.
It was created by the Federal Government of Canada in 1918, bringing together several railways that had become bankrupt and fallen into federal government hands. CN was privatized by the federal government in 1995.
Webcasts
May 28, 2020 2:00PM EDT
Jun 18, 2020 2:00PM EDT
Jun 25, 2020 2:00PM EDT
Press Releases
21 May 2020
Domestic intermodal volume in April suffered its worst month in eight years because of the COVID-19 pandemic, with intermodal marketing companies saying May might end as poorly, if not worse.
21 May 2020
As the debate rages on between chassis providers and chassis users over interoperability, merchant haulage, and carrier haulage, agricultural shippers and the truckers they hire say they experience logistics inefficiencies and high costs.
21 May 2020
Carriers appear to be in a better position to shrug off the demand declines of the second quarter and capitalize on recovering volume through the rest of the year.
21 May 2020
The savings afforded by the safe harbor tax credit has US solar energy developers rethinking traditional project logistics processes, purchasing and importing materials much earlier in the construction cycle.
20 May 2020
The JOC Truckload Capacity Index indicates large US carriers are making deeper cuts in their fleets after an unprecedented 10-quarter expansion in available capacity.
20 May 2020
The first episode of JOC Uncharted features a One-On-One with Rodolphe Saade of CMA CGM Group and a group discussion on trans-Pacific service contracts with Christian Sur of Unique Logistics International and Rick Gabrielson of Lighthouse Maritime Advisors.
20 May 2020
Digitally-oriented freight broker Loadsmart, backed in part by Maersk’s venture fund, has begun offering a product that stitches together drayage, transload, and truckload operations.
20 May 2020
Among the many questions facing the auto industry in 2020 is how to build resilience into supply chains centered on just-in-time (JIT) fulfillment strategies and lean manufacturing.
20 May 2020
Amid COVID-19 fears and lockdown-driven economic difficulties, domestic migrant workers employed at key Indian port locations have been heading back to their home provinces, severely hampering maritime trade.
20 May 2020
A small number of sailings have been reinstated on the trans-Pacific and Asia-Med trades as economies take their first small steps toward reopening and carriers try to get the supply-demand balance right.
20 May 2020
Comcar’s bankruptcy is a transfer rather than elimination of capacity, with new owners buying its subsidiaries and assets.
19 May 2020
Cargo interests report a surge in cargo rolling at Chinese ports, which they attribute largely to unprecedented capacity reductions by carriers for this time of year.
19 May 2020
project44 is ramping up the multi-modal nature of its visibility offering, another signal that shippers are craving single environments that connect all modes and regions.
19 May 2020
Port Everglades is seeking more funding to dredge and improve infrastructure in order to handle larger vessels on the north-south and east-west lanes.
19 May 2020
Virtually all of DHL Global Forwarding’s ocean volume, and a third of its air freight, is now being handled through its new transport management platform.
19 May 2020
John Reinhart, the CEO of the Virginia Port Authority, will retire from his position in March 2021, capping a tenure in which volume grew from 1.9 million TEU to 2.2 million TEU and the expansion and semi-automation of its two main container terminals.
19 May 2020
The number of passenger planes flying in all-cargo roles has risen past 1,200 as carriers try to utilize their grounded fleets and generate revenue amid coronavirus-driven travel bans.
19 May 2020
Kontainers, which has made inroads in providing forwarders with an online transactional channel, is partnering with Portrix, a longtime supplier of rate management tools to top forwarders.
19 May 2020
A partnership between airfreight software specialist WebCargo and cargo airline management platform IBS will enable carriers to quote more efficiently, and electronically, to forwarders.
19 May 2020
A container line consortium that has tackled a range of shipping standards since launching in April 2019 now plans to drive adoption of electronic bills of lading, a standard that has long evaded adoption.
18 May 2020
Combining FedEx’s logistics network with Microsoft’s AI, machine-learning, and cloud-computing capabilities, the companies plan to offer much more granular, near-real-time visibility for entire supply chains, as well as individual shipments.
18 May 2020
Any concerns about the availability of IMO 2020–compliant fuels have evaporated because COVID-19’s hit on road and aviation fuels has left the global refining complex awash in low-sulfur feedstocks that are finding their way into the bunker market.
18 May 2020
The spot market rates are well above year-over-year levels, despite an evaporation of demand that has hit carriers hardest this second quarter.
18 May 2020
Stay-at-home orders and travel bans removed virtually all passenger traffic from cross-channel ferries, eliminating a crucial revenue source and threatening the transport of essential goods between the UK and Europe.
18 May 2020
Expectations for capacity, demand, and pricing across transportation modes in 2020 have been shattered by the COVID‑19 pandemic, resulting in recession.
15 May 2020
Produce season and the reopening of some states to business are beginning to jump-start truck demand and spur higher spot rates in some lanes, but a long recovery is forecast.
15 May 2020
The impact of the US–China trade war and COVID-19 has resulted in a 7.8 percentage point drop in China’s market share of US imports from Asia through the first four months of 2020.
15 May 2020
BBC Chartering's CEO sees a rough course ahead amid COVID-19, but a stronger MPV/HL segment in the long run.
15 May 2020
Sources say there is little doubt that automation will be a major issue for the ILWU when negotiations begin, likely in early 2022. The question is how hard it will press the issue.
15 May 2020
Loss-making carriers HMM and Yang Ming are bracing for a difficult second quarter with steadily weakening demand keeping earnings under pressure.
15 May 2020
Hapag-Lloyd said based on current bookings and loadings, it is heading for a double-digit volume decline in the second quarter, but expects a gradual recovery after that.
14 May 2020
Regulators are expanding the area covered by the short-haul exemption to trucking hours of service rules, and that brings opportunities to drayage and e-commerce delivery carriers.
14 May 2020
The new final US hours-of-service rule gives truckers more flexibility in how they use their daily hours, but shippers get a gift of capacity that could help extend their pricing power.
14 May 2020
Most US ports have sufficient liquidity and debt service coverage, and should be resilient enough to handle at least a 20 percent decline in cargo volume, according to Moody’s Investors Service.
14 May 2020
Significant changes in European road transport demand and product mix driven by the coronavirus led to a marginal drop in freight rates in the first quarter, but road pricing will face increasing volatility as countries begin to recover.
