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<div class="phx-topic abstract-wrapper">TransForce's acquisition of a cross-border, expedited less-than-truckload carrier expands the Canadian trucking giant's reach further into the U.S. 
 
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TransForce's acquisition of a cross-border, expedited less-than-truckload carrier expands the Canadian trucking giant's reach further into the U.S.

<div>TransForce's acquisition of a cross-border, expedited less-than-truckload carrier expands the Canadian trucking giant's reach further into the U.S. The acquisition of Ontario-based Quik X Transportation comes after TransForce extended its footprint into the U.S. by buying<a> same-day specialist</a> Dynamex last December.Quik X Transportation, an almost $200 million company, has a network of 17 terminals in Canada and the U.S., with more than 600 employees. Terms of the transaction, expected to close near the end of the year, were not released.TransForce increased its operating profit <a>34 percent</a> year-over-year in the third quarter to about $56 million and total revenue 49 percent...

TransForce's acquisition of a cross-border, expedited less-than-truckload carrier expands the Canadian trucking giant's reach further into the U.S. The acquisition of Ontario-based Quik X Transportation comes after TransForce extended its footprint into the U.S. by buying same-day specialist Dynamex last December. Quik X Transportation, an almost $200 million company, has a network of 17 terminals in Canada and the U.S., with more than 600 employees. Terms of the transaction, expected to close near the end of the year, were not released. TransForce increased its operating profit 34 percent year-over-year in the third quarter to about $56 million and total revenue 49 percent to about $733 million. Revenue after fuel surcharges rose 44.8 percent to about $658 million, driven by strategic acquisitions, said Alain B&eacute;dard, chairman, president and CEO. Profit for the period dropped 22 percent to about $19 million, after accounting for finance income and costs, taxes, foreign exchange values and other factors. The $2 billion transportation group functions as a holding company for nearly 70 package and courier, LTL and truckload and specialized transportation subsidiaries. TransForce had about $634 million in truckload revenue and $518 million in LTL revenue last year. The company gets about 31 percent of its revenue from truckload carriage, 26 percent from LTL, and 19 percent from package subsidiaries. In addition to new subsidiary Quik X, TransForce&rsquo;s LTL units include Canadian Freightways, TST Overland Express, Click Express, Kingsway, Select Thibodeau and La Crete Transport. LTL revenue increased 4.2 percent in the third quarter to about $136 million. &ldquo;Operating profitability of LTL operations has improved despite currency headwinds and we are committed to continue optimizing asset utilization,&rdquo; B&eacute;dard said. In truckload, TransForce is focused on &ldquo;capacity optimization,&rdquo; he said. Truckload revenue rose about 5 percent to about $167 million, whichle package and courier revenue more than tripled to $292 million thanks to the acquisition of Dynamex and Loomis Express in June. The company will maintain its &ldquo;selective acquisition strategy,&rdquo; B&eacute;dard said. Contact William B. Cassidy at wcassidy@joc.com . Follow him on Twitter at @wbcassidy_joc

TransForce to Buy Quik X, Sales Jump 49 Percent

<div class="phx-topic abstract-wrapper">Rates on ocean services between China and Southeast Asia are at multi-month highs following a mid-year peak driven by frontloading prior to the implementation of reciprocal tariffs between the US and China. </div>

Rates on ocean services between China and Southeast Asia are at multi-month highs following a mid-year peak driven by frontloading prior to the implementation of reciprocal tariffs between the US and China.

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<div class="phx-topic">Intra-Asia freight rates are expected to continue to climb on increasingly tighter capacity through January due to an extended peak season ahead of the Lunar New Year in mid-February, shipping executives say. Freight rates on ocean services between China and Southeast Asia are already at multi-month highs following a mid-year peak driven by frontloading prior to the implementation of reciprocal tariffs between the US and China, which have since been paused. ”Carriers are announcing general rate increases on a bi-weekly basis and they are always successful,” a spokesperson at FIBS Logistics in Singapore told the Journal of Commerce. “The GRI quantum is around $50 to $150 per TEU, although it varies for different trades. “We’re in the peak season now and space is getting tight,” the spokesperson added. The buoyant freight conditions are expected to continue into January to take into account Lunar New Year, which starts on Feb. 17. “Normally factories in China close two weeks in advance to allow migrant workers to return home, so January will be the pre-Lunar New Year rush,” the FIBS spokesperson said. Spot rates from Shanghai to Singapore hit $540 per TEU last Friday, the highest since Jan. 10, according to data from the Shanghai Shipping Exchange (SSE) published on the Journal of Commerce’s Gateway platform. <div class="wrapper-narrow"><dynamic-object type="jocchartid" resource-id="e625a345-3874-4ee2-855c-c9835148f3e9"></dynamic-object></div>“During November, rates have known only one direction – up,” said Peter Sand, chief analyst at online rate benchmarking platform Xeneta. Data from Xeneta mirrored that from the SSE, with rates for a 40-foot container from Shanghai to Singapore climbing to $1,110 on Tuesday, highest since June 1. Similarly, rates from Shanghai to Bangkok reached $1,431/FEU on Tuesday, highest since Aug. 1, while rates from Shanghai to Ho Chi Minh City are now at $1,045/FEU, a level last seen on July 31. “While you always expect intra-Asia rates to increase in November on account of the region’s peak season, we think this year will be unusual because it will last longer due to next year’s Lunar New Year being later than usual,” a senior executive at a Hong Kong-based freight forwarder told the Journal of Commerce. “In effect, this year’s pre-Christmas peak will segue into the new year’s pre-Lunar holiday peak,” the executive added. <h3>Chinese customs data shows ASEAN trade growth </h3>That comes as recent China customs data has shown an increase in trade between China and Southeast Asia, with northeast Asian countries, including South Korea and Japan, slipping in importance as export destinations. Customs data shows year-over-year Chinese exports to Southeast Asia’s ASEAN region grew by $61 billion between February and September, while exports to Northeast Asia increased $41 billion. By comparison, exports to the US fell $70 billion in the same eight-month period due to tariff wrangles. British advisory firm Oxford Economics said the figures showed ASEAN was among the regions that now account for a “steadily rising share of China’s outbound shipments, offsetting softness in developed markets in the US and Northeast Asia.” Contact Keith Wallis at <a href="mailto:keithwallis@hotmail.com">keithwallis@hotmail.com</a>. </div>

Intra-Asia freight rates are expected to continue to climb on increasingly tighter capacity through January due to an extended peak season ahead of the Lunar New Year in mid-February, shipping executives say. Freight rates on ocean services between China and Southeast Asia are already at multi-month highs following a mid-year peak driven by frontloading prior to the implementation of reciprocal tariffs between the US and China, which have since been paused. ”Carriers are announcing general rate increases on a bi-weekly basis and they are always successful,” a spokesperson at FIBS Logistics in Singapore told the Journal of Commerce. “The GRI quantum is around $50 to $150 per TEU, although it varies for different trades. “We’re in the peak season now and space is getting tight,” the spokesperson added. The buoyant freight conditions are expected to continue into January to take into account Lunar New Year, which starts on Feb. 17. “Normally factories in China close two weeks in advance to allow migrant workers to return home, so January will be the pre-Lunar New Year rush,” the FIBS spokesperson said. Spot rates from Shanghai to Singapore hit $540 per TEU last Friday, the highest since Jan. 10, according to data from the Shanghai Shipping Exchange (SSE) published on the Journal of Commerce’s Gateway platform. “During November, rates have known only one direction – up,” said Peter Sand, chief analyst at online rate benchmarking platform Xeneta. Data from Xeneta mirrored that from the SSE, with rates for a 40-foot container from Shanghai to Singapore climbing to $1,110 on Tuesday, highest since June 1. Similarly, rates from Shanghai to Bangkok reached $1,431/FEU on Tuesday, highest since Aug. 1, while rates from Shanghai to Ho Chi Minh City are now at $1,045/FEU, a level last seen on July 31. “While you always expect intra-Asia rates to increase in November on account of the region’s peak season, we think this year will be unusual because it will last longer due to next year’s Lunar New Year being later than usual,” a senior executive at a Hong Kong-based freight forwarder told the Journal of Commerce. “In effect, this year’s pre-Christmas peak will segue into the new year’s pre-Lunar holiday peak,” the executive added. Chinese customs data shows ASEAN trade growth That comes as recent China customs data has shown an increase in trade between China and Southeast Asia, with northeast Asian countries, including South Korea and Japan, slipping in importance as export destinations. Customs data shows year-over-year Chinese exports to Southeast Asia’s ASEAN region grew by $61 billion between February and September, while exports to Northeast Asia increased $41 billion. By comparison, exports to the US fell $70 billion in the same eight-month period due to tariff wrangles. British advisory firm Oxford Economics said the figures showed ASEAN was among the regions that now account for a “steadily rising share of China’s outbound shipments, offsetting softness in developed markets in the US and Northeast Asia.” Contact Keith Wallis at keithwallis@hotmail.com .

Tight capacity expected to keep intra-Asia freight rates aloft through January

<div class="phx-topic abstract-wrapper">But many of the initiatives remain stalled by a "feasibility wall" created by the wide cost gap between conventional and zero-emission fuels, according to a new report. </div>

But many of the initiatives remain stalled by a "feasibility wall" created by the wide cost gap between conventional and zero-emission fuels, according to a new report.

<div class="phx-topic">China, India and Brazil are among developing nations setting up a host of new green shipping corridors despite the regulatory uncertainty surrounding investment in alternative fuels following the International Maritime Organization’s (IMO) decision in October to postpone its net-zero framework for a year. There have been 25 new green corridors launched so far this year, bringing the total to 84 active corridors worldwide, with major developing economies launching the initiatives for the first time, according to a new progress report published Thursday by the Getting to Zero Coalition and the Global Maritime Forum. “The move of major countries like China, India, and Brazil into green corridors is hugely promising, as these are markets that will determine whether zero-emission shipping scales fast enough to meet global climate goals,” Jesse Fahnestock, director of decarbonization at the Global Maritime Forum, said in a statement accompanying the report. At a Crossroads: Annual Progress Report on Green Shipping Corridors 2025 identified the new initiatives that have seen an expansion in both numbers and in geographic scope. “But even more importantly, we’re seeing recognition from these countries that green corridors are more than just environmental projects – they are strategic economic infrastructure,” Fahnestock added. “Countries that move early stand to gain competitive industrial and geopolitical advantages across energy, trade, and technology.” Green shipping corridors are trade routes designed to demonstrate and drive scale in zero-emission fuels, vessels and technologies. Along with China, India and Brazil are Chile, Ghana and Kenya that are targeting economic opportunities through the development of zero-emission marine fuels and bunkering capabilities in these regions. <h3>Stalled by ‘feasibility wall’ </h3>The report, however, cautions that many of the 84 initiatives remain stalled by a "feasibility wall" created by the wide cost gap between conventional and zero-emission fuels. Lack of action at the government level is the main bottleneck facing green corridor projects, a challenge that the delayed IMO net-zero framework has only intensified. The <a href="https://www.joc.com/article/imo-punts-on-pivotal-net-zero-shipping-regulation-6099141">IMO’s net-zero framework was derailed by US-led opposition</a> during a combative October meeting of the Marine Environment Protection Committee (MEPC) in London and postponed for one year. But the Global Maritime Forum report warns that industry and governments should not surrender the next year to a "wait-and-see" approach as the IMO tries to build support for the framework among member nations. Instead, it says corridors should make use of emerging policies and programs from national governments, such as the EU’s Global Gateway initiative and H2Global and Australia’s Hydrogen Headstart program – something that would unlock progress ahead of a global framework and put participants among the frontrunners to benefit from future IMO incentives. Fahnestock maintained a positive outlook on the regulatory delay, noting that 11 months remain until the IMO regulation once again comes up for renewal at MEPC. “That time can either be spent waiting or used to build projects that create strategic economic advantages, generate learnings that can influence the IMO’s reward mechanism, and put participants first in line for future global rewards,” he said. “Those who act now will be best positioned to benefit when regulation catches up,” he added. Among the recommendations in the annual report were for the shipping industry to “pursue strategies and break inertia” to ensure corridors were advanced enough to qualify for first mover rewards once they become available and to “capitalize on opportunities to shape IMO policy.” The report also advised the shipping industry to better engage with ambitious decarbonization goals that could help scale solutions, particularly with cargo owners who may be more willing to pay a premium for cleaner fuels. <h3>Carbon emissions stage recovery </h3>One of the largest of the green corridor projects connects the hubs of Rotterdam and Singapore, and even though forced diversions around southern Africa created longer voyages, carbon emissions in container shipping was showing signs of recovery. The Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which measures carbon emissions across Xeneta’s top 13 global container shipping trades, fell below 100 points for the first time in 12 months to stand at 97.4 points in the second quarter. The <a href="https://www.joc.com/article/singapore-rotterdam-ports-commit-to-green-corridor-deal-5242711">Rotterdam-Singapore Green and Digital Shipping Corridor</a> aims to reduce emissions from large container vessels on the 15,000-km route by at least 20% by 2030 by enabling the use of low- and zero-carbon shipping fuels. It is a project with 25 partners operating more than 90 large container vessels on the route with a combined transport capacity of 1.5 million TEUs per year. The concept of green corridors was established in November 2021 as a critical way to scale new sustainable fuels and technologies. They are regarded as being central to delivering the goal of having zero-emission fuels account for 5% of all fuels by 2030, a target considered to be the threshold at which the infrastructure, supply chains and technologies that support zero-emission fuels are mature enough to enable exponential growth. Contact Greg Knowler at <a href="mailto:greg.knowler@spglobal.com">greg.knowler@spglobal.com</a>. </div>

China, India and Brazil are among developing nations setting up a host of new green shipping corridors despite the regulatory uncertainty surrounding investment in alternative fuels following the International Maritime Organization’s (IMO) decision in October to postpone its net-zero framework for a year. There have been 25 new green corridors launched so far this year, bringing the total to 84 active corridors worldwide, with major developing economies launching the initiatives for the first time, according to a new progress report published Thursday by the Getting to Zero Coalition and the Global Maritime Forum. “The move of major countries like China, India, and Brazil into green corridors is hugely promising, as these are markets that will determine whether zero-emission shipping scales fast enough to meet global climate goals,” Jesse Fahnestock, director of decarbonization at the Global Maritime Forum, said in a statement accompanying the report. At a Crossroads: Annual Progress Report on Green Shipping Corridors 2025 identified the new initiatives that have seen an expansion in both numbers and in geographic scope. “But even more importantly, we’re seeing recognition from these countries that green corridors are more than just environmental projects – they are strategic economic infrastructure,” Fahnestock added. “Countries that move early stand to gain competitive industrial and geopolitical advantages across energy, trade, and technology.” Green shipping corridors are trade routes designed to demonstrate and drive scale in zero-emission fuels, vessels and technologies. Along with China, India and Brazil are Chile, Ghana and Kenya that are targeting economic opportunities through the development of zero-emission marine fuels and bunkering capabilities in these regions. Stalled by ‘feasibility wall’ The report, however, cautions that many of the 84 initiatives remain stalled by a "feasibility wall" created by the wide cost gap between conventional and zero-emission fuels. Lack of action at the government level is the main bottleneck facing green corridor projects, a challenge that the delayed IMO net-zero framework has only intensified. The IMO’s net-zero framework was derailed by US-led opposition during a combative October meeting of the Marine Environment Protection Committee (MEPC) in London and postponed for one year. But the Global Maritime Forum report warns that industry and governments should not surrender the next year to a "wait-and-see" approach as the IMO tries to build support for the framework among member nations. Instead, it says corridors should make use of emerging policies and programs from national governments, such as the EU’s Global Gateway initiative and H2Global and Australia’s Hydrogen Headstart program – something that would unlock progress ahead of a global framework and put participants among the frontrunners to benefit from future IMO incentives. Fahnestock maintained a positive outlook on the regulatory delay, noting that 11 months remain until the IMO regulation once again comes up for renewal at MEPC. “That time can either be spent waiting or used to build projects that create strategic economic advantages, generate learnings that can influence the IMO’s reward mechanism, and put participants first in line for future global rewards,” he said. “Those who act now will be best positioned to benefit when regulation catches up,” he added. Among the recommendations in the annual report were for the shipping industry to “pursue strategies and break inertia” to ensure corridors were advanced enough to qualify for first mover rewards once they become available and to “capitalize on opportunities to shape IMO policy.” The report also advised the shipping industry to better engage with ambitious decarbonization goals that could help scale solutions, particularly with cargo owners who may be more willing to pay a premium for cleaner fuels. Carbon emissions stage recovery One of the largest of the green corridor projects connects the hubs of Rotterdam and Singapore, and even though forced diversions around southern Africa created longer voyages, carbon emissions in container shipping was showing signs of recovery. The Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which measures carbon emissions across Xeneta’s top 13 global container shipping trades, fell below 100 points for the first time in 12 months to stand at 97.4 points in the second quarter. The Rotterdam-Singapore Green and Digital Shipping Corridor aims to reduce emissions from large container vessels on the 15,000-km route by at least 20% by 2030 by enabling the use of low- and zero-carbon shipping fuels. It is a project with 25 partners operating more than 90 large container vessels on the route with a combined transport capacity of 1.5 million TEUs per year. The concept of green corridors was established in November 2021 as a critical way to scale new sustainable fuels and technologies. They are regarded as being central to delivering the goal of having zero-emission fuels account for 5% of all fuels by 2030, a target considered to be the threshold at which the infrastructure, supply chains and technologies that support zero-emission fuels are mature enough to enable exponential growth. Contact Greg Knowler at greg.knowler@spglobal.com .

Series of new green shipping corridors emerge despite IMO regulatory setback

<div class="phx-topic abstract-wrapper">The DP World-owned subsidiary provides services across Europe, Africa and Asia, and its involvement with the DCSA+ partnership program will enable it to work with container lines, technology providers and terminals to advance standardized data exchange. </div>

The DP World-owned subsidiary provides services across Europe, Africa and Asia, and its involvement with the DCSA+ partnership program will enable it to work with container lines, technology providers and terminals to advance standardized data exchange.

<div class="phx-topic">Feeder and shortsea vessel operator Unifeeder has joined a partnership group run by the Digital Container Shipping Association (DCSA), a move that bolsters the reach of the burgeoning program associated with the container line-led consortium. Unifeeder becomes the biggest non-member vessel operator working with DCSA. The DP World-owned subsidiary provides services across Europe, Africa and Asia, and its involvement with the DCSA+ partnership program will enable it to work with container lines, technology providers and terminals to advance standardized data exchange, DCSA said in a statement Tuesday. “Joining DCSA+ allows us to contribute our feeder network expertise to the industry’s collective effort to standardize data exchange and improve interoperability,” Søren Castbak, Unifeeder’s chief commercial officer, said in the statement. The <a href="https://www.joc.com/article/dcsa-turns-to-industry-partners-to-drive-shipping-standards-adoption-6070237">DCSA+ program</a> now has 12 members, including logistics-focused software vendors WNS and Vinturas, the Port of Valencia and Lufthansa Industry Solutions. Unifeeder joins Samskip as part of the DCSA partnership program, but its scale as the biggest feeder operator in Europe far exceeds Samskip. It also gives DCSA reach into DP World, which operates one of the world’s largest networks of container terminals and has designs on growing its global forwarding business. “Their participation in DCSA+ brings valuable insight from the feeder and shortsea segment and strengthens the collective effort to achieve true interoperability across the container shipping ecosystem,” Mariana Bock-Losada, chief growth officer at DCSA, said in the statement. The idea behind the partnership program is to take standards DCSA has developed around track-and-trace, electronic bills of lading, container booking and just-in-time port calls and embed them within systems used by shipping lines, their partners and customers. Unifeeder has already begun adopting DCSA’s track-and-trace standard as part of a customer-facing visibility portal. DCSA last week launched an <a href="https://www.joc.com/article/dcsa-broadens-reach-with-identity-exchange-for-shipping-industry-6119020">identity exchange tool</a> for companies in the logistics industry to manage internal compliance checks, its first such product. The ocean carrier members of DCSA are Mediterranean Shipping Co., Hapag-Lloyd, Maersk, CMA CGM, Evergreen, HMM, Yang Ming, Zim Integrated Shipping Services and PIL. Contact Eric Johnson at <a href="mailto:eric.johnson@spglobal.com">eric.johnson@spglobal.com</a>. </div>

Feeder and shortsea vessel operator Unifeeder has joined a partnership group run by the Digital Container Shipping Association (DCSA), a move that bolsters the reach of the burgeoning program associated with the container line-led consortium. Unifeeder becomes the biggest non-member vessel operator working with DCSA. The DP World-owned subsidiary provides services across Europe, Africa and Asia, and its involvement with the DCSA+ partnership program will enable it to work with container lines, technology providers and terminals to advance standardized data exchange, DCSA said in a statement Tuesday. “Joining DCSA+ allows us to contribute our feeder network expertise to the industry’s collective effort to standardize data exchange and improve interoperability,” Søren Castbak, Unifeeder’s chief commercial officer, said in the statement. The DCSA+ program now has 12 members, including logistics-focused software vendors WNS and Vinturas, the Port of Valencia and Lufthansa Industry Solutions. Unifeeder joins Samskip as part of the DCSA partnership program, but its scale as the biggest feeder operator in Europe far exceeds Samskip. It also gives DCSA reach into DP World, which operates one of the world’s largest networks of container terminals and has designs on growing its global forwarding business. “Their participation in DCSA+ brings valuable insight from the feeder and shortsea segment and strengthens the collective effort to achieve true interoperability across the container shipping ecosystem,” Mariana Bock-Losada, chief growth officer at DCSA, said in the statement. The idea behind the partnership program is to take standards DCSA has developed around track-and-trace, electronic bills of lading, container booking and just-in-time port calls and embed them within systems used by shipping lines, their partners and customers. Unifeeder has already begun adopting DCSA’s track-and-trace standard as part of a customer-facing visibility portal. DCSA last week launched an identity exchange tool for companies in the logistics industry to manage internal compliance checks, its first such product. The ocean carrier members of DCSA are Mediterranean Shipping Co., Hapag-Lloyd, Maersk, CMA CGM, Evergreen, HMM, Yang Ming, Zim Integrated Shipping Services and PIL. Contact Eric Johnson at eric.johnson@spglobal.com .

Unifeeder adds scale to DCSA’s partnership program

<div class="phx-topic abstract-wrapper">While the IMO’s decision to postpone global decarbonization measures for a year will create challenges, several qualifying bids from ocean carriers have been received by the ZEMBA alliance. </div>

While the IMO’s decision to postpone global decarbonization measures for a year will create challenges, several qualifying bids from ocean carriers have been received by the ZEMBA alliance.

<div class="phx-topic">The winner of an e-fuel-focused tender issued by the Zero Emission Maritime Buyers Alliance (ZEMBA) will be announced before the end of the year despite significant regulatory uncertainty surrounding alternative fuels, the global shippers’ group says. The timing of the announcement was intended to follow the adoption in October of the International Maritime Organization’s (IMO) net-zero framework of measures intended to close the cost gap between conventional and alternative fuels while accelerating investment in production. But with that adoption derailed by US-led opposition, <a href="https://www.joc.com/article/imo-punts-on-pivotal-net-zero-shipping-regulation-6099141">the IMO was forced to postpone the process for a year</a>, a move that has created challenges for those involved in the tender, said a spokesperson for the Aspen Institute that serves as the secretariat for ZEMBA. “While the current political and economic environments, including the IMO decision to delay, create significant challenges, we are energized to see that the private sector is continuing to lead the way,” the Aspen Institute’s Michellie Hess told the Journal of Commerce. It is <a href="https://www.joc.com/article/global-shipper-group-bullish-on-e-fuel-tender-bids-from-ocean-carriers-5950420">the second tender from ZEMBA</a> that calls for an ocean carrier or group of liners to move the equivalent of 1.5 million TEUs across the Pacific on ships powered by renewable synthetic fuels, with the aim of fast-tracking the commercial deployment of e-fuels at scale to create a competitive market. “We received a number of qualifying e-fuel bids from container carriers,” Hess said. “Despite policy setbacks and significant cost pressures, we are heartened that ZEMBA's freight buyer members are continuing to take a long-term approach and recognize the importance of the clean energy transition of the maritime sector and that it is a smart, forward-looking business strategy.” ZEMBA is a non-profit alliance of more than 40 freight buyers that includes global brands such as IKEA, Electrolux, Nike, Philips and Levi Strauss. <h3>Hapag-Lloyd in bid for second tender </h3>One of the bidders for the second tender is Hapag-Lloyd, which <a href="https://www.joc.com/article/hapag-lloyd-wins-asia-europe-green-shipping-tender-to-launch-next-year-5240949">won the inaugural tender from ZEMBA</a> in April 2024. In that first tender, ZEMBA members collectively committed to purchase alternative fuels associated with 1.2 billion TEU-miles of zero-emission shipping on the Singapore to Rotterdam trade lane in 2025 and 2026. The tender covers a negotiated “green premium” paid by shippers and does not involve the base freight rate. As Hapag-Lloyd nears the halfway mark of the first tender, Arne Maibohm, director of decarbonization at the Hamburg-based carrier, said it was “fully on track and meeting all commitments.” “All volumes that were contractually confirmed are being delivered as agreed,” Maibohm told the Journal of Commerce this week. “We have experienced no challenges in sourcing the required biomethane from the European gas grid...the volumes are fully secured.” As Hapag-Lloyd waits to see whether it will be involved in the second tender, Maibohm noted that the IMO’s postponement of the net-zero framework, “certainly does not make the global decarbonization challenge any easier.” Despite the regulatory setback, he said Hapag-Lloyd remained committed to its climate targets. “Decarbonizing operations is a strategic priority for us and essential to stay competitive and relevant for our customers in the decades ahead,” Maibohm said. “Our long-term direction of achieving net-zero operations by 2045 is therefore not dependent on individual regulatory developments. “Moreover, other frameworks such as <a href="https://www.joc.com/article/high-price-to-pay-for-non-compliance-with-fueleu-rules-lloyds-register-5918498">FuelEU Maritime</a> are already in force and will continue to drive the uptake of alternative fuels,” he added. With the IMO delay in adopting global decarbonization measures, improving the fuel efficiency of vessels has attained even greater importance, particularly in Europe. The EU Emissions Trading System (ETS) carbon tax and FuelEU Maritime fuel intensity regulations will come into full effect in 2026, and cutting vessel emissions will directly impact a carrier’s operating costs. Contact Greg Knowler at <a href="mailto:greg.knowler@spglobal.com">greg.knowler@spglobal.com</a>. </div>

The winner of an e-fuel-focused tender issued by the Zero Emission Maritime Buyers Alliance (ZEMBA) will be announced before the end of the year despite significant regulatory uncertainty surrounding alternative fuels, the global shippers’ group says. The timing of the announcement was intended to follow the adoption in October of the International Maritime Organization’s (IMO) net-zero framework of measures intended to close the cost gap between conventional and alternative fuels while accelerating investment in production. But with that adoption derailed by US-led opposition, the IMO was forced to postpone the process for a year , a move that has created challenges for those involved in the tender, said a spokesperson for the Aspen Institute that serves as the secretariat for ZEMBA. “While the current political and economic environments, including the IMO decision to delay, create significant challenges, we are energized to see that the private sector is continuing to lead the way,” the Aspen Institute’s Michellie Hess told the Journal of Commerce. It is the second tender from ZEMBA that calls for an ocean carrier or group of liners to move the equivalent of 1.5 million TEUs across the Pacific on ships powered by renewable synthetic fuels, with the aim of fast-tracking the commercial deployment of e-fuels at scale to create a competitive market. “We received a number of qualifying e-fuel bids from container carriers,” Hess said. “Despite policy setbacks and significant cost pressures, we are heartened that ZEMBA's freight buyer members are continuing to take a long-term approach and recognize the importance of the clean energy transition of the maritime sector and that it is a smart, forward-looking business strategy.” ZEMBA is a non-profit alliance of more than 40 freight buyers that includes global brands such as IKEA, Electrolux, Nike, Philips and Levi Strauss. Hapag-Lloyd in bid for second tender One of the bidders for the second tender is Hapag-Lloyd, which won the inaugural tender from ZEMBA in April 2024. In that first tender, ZEMBA members collectively committed to purchase alternative fuels associated with 1.2 billion TEU-miles of zero-emission shipping on the Singapore to Rotterdam trade lane in 2025 and 2026. The tender covers a negotiated “green premium” paid by shippers and does not involve the base freight rate. As Hapag-Lloyd nears the halfway mark of the first tender, Arne Maibohm, director of decarbonization at the Hamburg-based carrier, said it was “fully on track and meeting all commitments.” “All volumes that were contractually confirmed are being delivered as agreed,” Maibohm told the Journal of Commerce this week. “We have experienced no challenges in sourcing the required biomethane from the European gas grid...the volumes are fully secured.” As Hapag-Lloyd waits to see whether it will be involved in the second tender, Maibohm noted that the IMO’s postponement of the net-zero framework, “certainly does not make the global decarbonization challenge any easier.” Despite the regulatory setback, he said Hapag-Lloyd remained committed to its climate targets. “Decarbonizing operations is a strategic priority for us and essential to stay competitive and relevant for our customers in the decades ahead,” Maibohm said. “Our long-term direction of achieving net-zero operations by 2045 is therefore not dependent on individual regulatory developments. “Moreover, other frameworks such as FuelEU Maritime are already in force and will continue to drive the uptake of alternative fuels,” he added. With the IMO delay in adopting global decarbonization measures, improving the fuel efficiency of vessels has attained even greater importance, particularly in Europe. The EU Emissions Trading System (ETS) carbon tax and FuelEU Maritime fuel intensity regulations will come into full effect in 2026, and cutting vessel emissions will directly impact a carrier’s operating costs. Contact Greg Knowler at greg.knowler@spglobal.com .

Regulatory uncertainty won’t derail e-fuel tender: global shipper group

<div class="phx-topic abstract-wrapper">Eli Glickman’s buyout proposal first surfaced in Israeli media reports back in August, with his offer said to be about $20 per share, which would value Zim at $2.4 billion. </div>

Eli Glickman’s buyout proposal first surfaced in Israeli media reports back in August, with his offer said to be about $20 per share, which would value Zim at $2.4 billion.

<div class="phx-topic">Zim Integrated Shipping Services confirmed Tuesday it is reviewing buyout offers from several parties, including its chief executive. Zim said in a statement its board of directors has been reviewing a buyout proposal from Chief Executive Eli Glickman and Rami Ungar, who controls roll-on/roll-off carrier Ray Shipping, for several months. “In connection with this review, the ZIM board of directors has received indications of interest from multiple parties, including strategic interest, which it is evaluating carefully,” Zim said. “Strategic interest” generally means a bidder in the same industry, so Zim is at least alluding to another carrier as a potential interested party. As part of its review of the offers, Haifa-based Zim added two new board members, including Yair Avidan, a former bank executive, and Yoram Turbowicz, a former Israeli government executive. Zim has also hired investment bank Evercore as financial advisor and legal firms Meitar and Skadden, Arps. The ocean carrier said there’s no assurance a deal will be made, and that it would provide an update once the strategic review is completed. Glickman’s buyout proposal first surfaced in Israeli media reports back in August, with his offer said to be about $20 per share, which would value Zim at $2.4 billion. The carrier’s market valuation slipped to as low as $1.5 billion in mid-October amid the rout in freight rates. As of March 2025, Glickman owned about 1% of Zim. <h3>Carrier went public in 2021 </h3><a href="https://www.joc.com/article/zim-ceo-sees-likely-return-to-suez-canal-transits-soon-6120808">Zim reported a 90% year-over-year drop in third-quarter net income last week</a>, but still managed to beat analysts’ estimates and affirmed its previous 2025 profit forecast. Zim shares have risen 14% since its third-quarter earnings release. Zim made its public company debut in January 2021, raising $217.5 million and giving it an initial valuation of $1.3 billion. By March 2022 at the peak of the container shipping surge, the company reached a market value of $8.6 billion. Since its public offering, the carrier has leaned mostly on short-term chartering of Panamax ships that fit with its focus on express services. Zim has also contracted for its own newbuild ships and long-term charters of post-Panamax vessels and is currently in <a href="https://www.joc.com/article/decentralized-sourcing-plays-into-mscs-point-to-point-plans-ceo-5745884">a slot charter agreement with Mediterranean Shipping Co.</a> for trans-Pacific services. Contact Michael Angell at <a href="mailto:michael.angell@spglobal.com">michael.angell@spglobal.com</a>. </div>

Zim Integrated Shipping Services confirmed Tuesday it is reviewing buyout offers from several parties, including its chief executive. Zim said in a statement its board of directors has been reviewing a buyout proposal from Chief Executive Eli Glickman and Rami Ungar, who controls roll-on/roll-off carrier Ray Shipping, for several months. “In connection with this review, the ZIM board of directors has received indications of interest from multiple parties, including strategic interest, which it is evaluating carefully,” Zim said. “Strategic interest” generally means a bidder in the same industry, so Zim is at least alluding to another carrier as a potential interested party. As part of its review of the offers, Haifa-based Zim added two new board members, including Yair Avidan, a former bank executive, and Yoram Turbowicz, a former Israeli government executive. Zim has also hired investment bank Evercore as financial advisor and legal firms Meitar and Skadden, Arps. The ocean carrier said there’s no assurance a deal will be made, and that it would provide an update once the strategic review is completed. Glickman’s buyout proposal first surfaced in Israeli media reports back in August, with his offer said to be about $20 per share, which would value Zim at $2.4 billion. The carrier’s market valuation slipped to as low as $1.5 billion in mid-October amid the rout in freight rates. As of March 2025, Glickman owned about 1% of Zim. Carrier went public in 2021 Zim reported a 90% year-over-year drop in third-quarter net income last week , but still managed to beat analysts’ estimates and affirmed its previous 2025 profit forecast. Zim shares have risen 14% since its third-quarter earnings release. Zim made its public company debut in January 2021, raising $217.5 million and giving it an initial valuation of $1.3 billion. By March 2022 at the peak of the container shipping surge, the company reached a market value of $8.6 billion. Since its public offering, the carrier has leaned mostly on short-term chartering of Panamax ships that fit with its focus on express services. Zim has also contracted for its own newbuild ships and long-term charters of post-Panamax vessels and is currently in a slot charter agreement with Mediterranean Shipping Co. for trans-Pacific services. Contact Michael Angell at michael.angell@spglobal.com .

Zim says reviewing buyout offers, including one from CEO

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The world of LTL is slow to embrace change. Business anachronisms permeate current supply chain processes. These vestiges of the way things used to work define the LTL freight transportation procurement process of many modern shippers.David Knuth, logistics specialist at IEWC, a global supplier of cable and wire based in Wisconsin, is happy to have modernized the RFP process, automating the entire LTL bidding procedure with Bid$ense, SMC³’s automated truckload and LTL freight transportation sourcing solution. But when prompted, he can still recall what once was.In his previous job, a large part of his duties were consumed by creating an intermodal bid package for carriers. In a spreadsheet, Knuth detailed the company’s volumes lane by lane, taking care to delete any errant keystrokes or misleading data. He would then email out the information to each carrier, taking time to respond to detailed technical questions about the spreadsheet data. Finally, he had to compile all the results, create an algorithm that would compare the carriers on each lane, and award the business.“It was a huge undertaking. It took about four months to do,” Knuth said of the old process. “It was almost a full-time job for that part of the year, every year.”In his new job at IEWC, he sat down with Bid$ense on day one and was amazed at the capabilities. Knuth had never before used a bid tool. SMC³’s latest versions of Bid$ense automate the process even further, taking truckload and LTL RFPs entirely online. The tool draws on RFP best-practices protocols to streamline the bidding communication process, enabling bidding carriers to respond accurately and promptly to shipper requests. The solution also does all the distribution work automatically, electronically submitting shipper bid data to carriers based on their actual service capabilities and performance records. Carriers are alerted with timely prompts for RFP deliverables, so shippers aren’t waiting by the phone for responses.Another benefit of automating the process is the data-cleansing assistance. When Knuth sent spreadsheets to carriers, data errors might cloud the bidding process; he might have to resend data or simply accept a price that did not truly reflect the costs of doing business. Data cleansing is incredibly beneficial, he said.The spreadsheet technique also made bidding analysis an onerous task. Since Bid$ense automates and streamlines the entire RFP process, intensive examination is now simple. SMC³ knows that each bid has more than one best outcome. With uniform responses from each carrier, shippers can quickly rank results and create an unlimited quantity of what-if scenarios to make the optimal procurement decision.Jesse Burnett of Central Garden &amp; Pet experiences many of the same benefits. Founded in 1980, Central Garden &amp; Pet has spent the last three decades growing from a small garden supply company to a provider of a range of products from dog chews and bird seed to soil supplements and natural insecticides. For much of its life, the company shipped these disparate goods via LTL and truckload carriers to retailers throughout the country, relying on each business unit to negotiate directly with their freight transportation providers. This arrangement worked fairly well for a small company, but as Central Garden &amp; Pet expanded, leadership decided to consolidate decision making.Burnett helped centralize the transportation decision making in 2015 with SMC³’s Bid$ense. Before Bid$ense, every business unit operated independently as far as negotiating with carriers.“There were a lot of different things just floating around,” he said. “We didn’t have master agreements in place; no national pricing at all. The pricing from carriers was just all over the place, depending on where you were.”The transformations he saw with Bid$ense were immediate. Burnett has been using the tool about every other year since its implementation at the company. Central Garden and Pet’s $19.6 million 2019 LTL bid saved the company just more than 9 percent when compared to its historical average. For Burnett, though, bid automation extends far beyond savings.“We knew that we weren’t getting the best pricing offer from our carriers just because nothing was centralized,” he continued. “We knew that if we combined everything from all these business units and paired it with one corporate offering, then it would drive some cost benefit with it.”When the company initially decided to centralize bid procurement, executives researched a number of different methodologies and technologies. In the end, though, Burnett found that Bid$ense was both widespread and well known, and that his carrier partners already knew how to use the application. Burnett also highlighted the data-cleansing process as a major benefit, saying the rigorous process ensures that carriers always return the best price.“It definitely has helped drive savings,” he said. “Any time you go out there and you drive that competitiveness with the carriers and they know they’re in a bid environment, it seems to sharpen their pencils.”Transportation procurement is an integral part of the modern supply chain. With Bid$ense, shippers can develop a strategic implementation plan that saves them time and money, but also helps them create strong relationships with their carrier partners. These carriers appreciate the solution’s data-cleansing process; when carriers receive a complete shipment history and future volume forecast, they don’t have to guess on pricing. Carriers that receive more data from shippers get a complete picture of that shipper’s freight, allowing them to accurately plan instead of simply preparing for the worst-case scenario. Clean data presented through an automated system can lead to both bigger shipment savings and a lasting partnership between carrier and customer.Whether customers are looking to streamline over-the-road transportation bidding by automating the RFP process or create an entirely new, centralized sourcing process, Bid$ense has the analytical horsepower to get the job done.SMC³ 2020 Customer Case Study

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Shippers save money, time with automated transportation bidding tools

If there’s one immutable truth in the world of logistics, it’s this: LTL is an inherently complex form of transportation. Tariffs, rates, DIM weights, transit times — it’s enough to confuse even seasoned logistics professionals. The solution to this knowledge gap has historically been on-the-job training or university supply chain education, but for a variety of reasons there is now a pressing need for third-party, remote LTL training that prepares logistics workers for transportation success. Global Scope Can Overlook Local Intricacies In the past, professionals looking to move into a supply chain career learned about the basics of supply chain from universities. However, many of these college supply chain programs are now global in scope, focusing on worldwide supply chain management instead of the intricacies of specialized domestic transportation. And even these programs, which used to be widespread, are becoming less common. LTL is not an industry of broad-brush strokes; supply chain professionals really need a pointillistic understanding of the logistics of LTL in order to excel in the industry. Accelerating Need for Dedicated LTL Education This lack of specified training put the onus on employers to prepare new hires with the LTL knowledge needed to do their jobs. Dedicated LTL study is a necessity, not a luxury. At the same time, changes in LTL and the broader supply chain world are accelerating. The reliance on e-commerce has ballooned since the start of the pandemic, and last-mile LTL shipments and related e-commerce strains on the supply chain won’t diminish once social distancing abates. That genie isn’t going back into the bottle. So supply chain employers need logistics workers that are fully versed in all aspects of the industry, ready to solve unique shipping and delivery problems based on their extensive supply chain knowledge But why care about LTL? It’s been reported that some shippers in today’s world are no longer concerned with what mode is used to ship their goods. A Multimodal Approach Ensures On-Time Delivery This mode agnosticism means supply chain stakeholders have to be well versed in all modes of transportation. As unforeseen weather events and other disruptions, such as protests, become more common, savvy logistics employees will need to be armed with familiarity of all modes, not just the most popular, to ensure that freight is delivered on time, without damage, and in the most financially expedient way possible. Offerings like SMC³’s LTL online education courses cover a wide range of topics from LTL basics and operations to more advanced concepts like pricing analytics and transportation law. The company also has plans to continually refresh content, adding new expert presenters and taking the feedback of students to make the courses even better as time goes on. Learn more about&nbsp;<a href="https://logisticstrainingcenter.com/smc3-courses/" rel="noreferrer" class="joc_admin__link">SMC³’s LTL Online Education program</a>&nbsp;and view the 2021 hybrid schedule, featuring live industry experts,&nbsp;<a href="https://www.smc3.com/onlinelearning2021/" rel="noreferrer" class="joc_admin__link">here.</a>

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Filling the Supply Chain Education Gap with LTL Education Courses

In 1995, we began operations with a clear vision: to grow alongside Mexico and connect the world through our terminals. Our priority has always been to deliver excellence in service, foster economic development, and strengthen our communities. We firmly believe that progress is not only measured in tons of cargo moved, but in the opportunities we create. _______________________________________________________________ This year marks a significant milestone: SSA Marine Mexico celebrates 30 years of presence in the country, having established itself from day one as the leading port operator nationwide. Over the past three decades, we have built a legacy of reliability, innovation, and commitment to Mexico’s growth. Our journey has been defined by continuous evolution and a steadfast dedication to our mission. SSA Marine México currently operates in six of the country’s most important ports: Cozumel, Lazaro Cardenas, Manzanillo, Progreso, Tuxpan, and Veracruz. Additionally, we have signed a concession to operate a new multipurpose terminal in Guaymas, Sonora, expanding our footprint to the north of the country. We serve a wide range of segments including containers, general cargo, automobiles, cruise ships, hydrocarbons, and asphalt. As part of this ongoing commitment, SSA Marine Mexico continues to strengthen its infrastructure and capabilities. International trade remains a key driver of global economic growth, and we are proud to support this momentum. Through our continuous improvement strategy, we invest in cutting-edge technology and equipment to deliver more efficient and competitive services, contributing to the success of Mexican businesses. •	Manzanillo, Colima- Specialized Container Terminal I: On October 13, we celebrated the arrival of two new STS (Ship To Shore) Super Post Panamax dockside cranes. This $21.2 million USD investment significantly boosts our operational capacity, streamlining cargo reception and delivery processes. In line with our modernization efforts, we will also retire four of our oldest cranes, paving the way for a more sustainable and technologically advanced fleet that meets the evolving demands of international trade. With these upgrades, SSA Marine México now operates a total of 16 cranes along our 1,350-meter dock, reaffirming our position as a national benchmark in port <span class="joc_admin__inline-image joc_admin__inline-image-aspect-ratio-4_3 joc_admin__inline-image-position-left joc_admin__inline-image-size-large" data-figure-size="large" data-figure-position="left" data-figure-aspect-ratio="4:3"><img src="/content-assets/1760982635607_Manzanillo.jpg" alt="Image provided by SSA Marine" class="joc_admin__inline-image-inherit"> •	As for the Multipurpose Terminal and Specialized Facility, also in Manzanillo, Colima, improvement and conditioning works are planned, along with the acquisition of four E-RTG (Electric Rubber-Tyred Gantry) cranes to enhance operational efficiency and sustainability. •	At our Automobile and General Cargo Terminal in the port of Veracruz, we continue to lead with specialized value-added services that support our clients’ growth. Recent investments include a new washing cabin and a general cargo warehouse, increasing indoor storage capacity by 67%. •	Lazaro Cardenas, Michoacan – Specialized Automobile Terminal: we are working on the development of an additional 4-hectare storage space within our bonded area and a 10-hectare Vehicle Distribution Center (VDC). These enhancements, along with ongoing personnel and system improvements, will reinforce our leadership in automotive handling across the Mexican Pacific coast.<span class="joc_admin__inline-image joc_admin__inline-image-aspect-ratio-4_3 joc_admin__inline-image-position-left joc_admin__inline-image-size-large" data-figure-size="large" data-figure-position="left" data-figure-aspect-ratio="4:3"><img src="/content-assets/1760982742240_Lazaro.jpg" alt="Image provided by SSA Marine" class="joc_admin__inline-image-inherit"> Through these strategic investments, SSA Marine Mexico reaffirms its commitment to the sustained growth of Mexico’s foreign trade. By expanding capacity, modernizing infrastructure, and diversifying services, we continue to strengthen the country’s competitiveness in global logistics. Today, we celebrate three decades of dedication, innovation, and leadership, with deep gratitude to our employees, clients, and partners for being part of this incredible journey. LINK: https://www.ssamarine.mx/<span class="joc_admin__inline-image joc_admin__inline-image-aspect-ratio-16_9 joc_admin__inline-image-position-left joc_admin__inline-image-size-small" data-figure-size="small" data-figure-position="left" data-figure-aspect-ratio="16:9"><img src="/content-assets/1760982787360_SSA%20Marine%20Mexico%20logo%20150pxW.png" alt="" class="joc_admin__inline-image-inherit">

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SSA Marine Mexico: 30 years growing together.

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