Name: Leveraging strategic acquisitions
Uploaded: Apr 12, 2024, 3:19 PM EDT

Following a 2022 acquisition of XPO’s intermodal division, STG Logistics has seen significant growth in its intermodal business. Troy Tibbetts, executive vice president of sales and marketing at STG Logistics, talks about how the company is measuring growth, what trends he is seeing in the market and what STG Logistics plans to lean into for 2024. TPM24, Long Beach, California Sponsored by STG Logistics

<div class="phx-topic abstract-wrapper"><p>The Iran conflict, which began late in the first quarter, had little impact on the forwarder’s first-quarter business, accounting for just a 1.5% decline in ocean freight volumes.</p></div>

The Iran conflict, which began late in the first quarter, had little impact on the forwarder’s first-quarter business, accounting for just a 1.5% decline in ocean freight volumes.

Feature image

K+N develops new ocean markets, air freight measures to offset war impact

<div class="phx-topic abstract-wrapper"><p>Prices have more than doubled since the war started, and with fuel comprising almost 30% of operating expenses, the Hong Kong-based carrier has been forced to reduce capacity.</p></div>

Prices have more than doubled since the war started, and with fuel comprising almost 30% of operating expenses, the Hong Kong-based carrier has been forced to reduce capacity.

Cathay Pacific cuts flights as soaring jet fuel prices hit operating costs

<div class="phx-topic abstract-wrapper"><p>While the ceasefire marks the first diplomatic shift in the 40-day conflict, it is being regarded by transport operators as more of a controlled easing rather than an operational reset. </p></div>

While the ceasefire marks the first diplomatic shift in the 40-day conflict, it is being regarded by transport operators as more of a controlled easing rather than an operational reset.

US-Iran ceasefire unlikely to spur air freight return to Middle East: analysts

<div class="phx-topic abstract-wrapper"><p>Global jet fuel prices have almost doubled since the Middle East war began on Feb. 28, piling additional expenses onto an operating component that before the conflict was already more than 30% of total costs.</p></div>

Global jet fuel prices have almost doubled since the Middle East war began on Feb. 28, piling additional expenses onto an operating component that before the conflict was already more than 30% of total costs.

Rising jet fuel costs challenging freighter viability as war enters second month

<div class="phx-topic abstract-wrapper"><p>An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia. </p></div>

An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia.

Demand for direct Asia-Europe air cargo fills rerouted Middle East flights

<div class="phx-topic abstract-wrapper"><p>A penalty only works when it reaches the decision-maker with enough force to change the decision; the one coming into effect at the port on May 1 does not, writes Paul Tonsager.</p></div>

A penalty only works when it reaches the decision-maker with enough force to change the decision; the one coming into effect at the port on May 1 does not, writes Paul Tonsager.

Revised empty box fee at NY-NJ misses mark on accountability: analyst

<div class="phx-topic abstract-wrapper"><p>The Port of Quebec received clearance from Canada’s customs authority to handle and inspect international containers, part of the country’s long-term pivot away from trade with the US.</p></div>

The Port of Quebec received clearance from Canada’s customs authority to handle and inspect international containers, part of the country’s long-term pivot away from trade with the US.

Customs designation triggers QSL terminal project in Quebec City

<div class="phx-topic abstract-wrapper"><p>The current pipeline of newbuilding programs for ultra-large container vessels vastly outstrips the construction of new berths intended to receive them, meaning we are literally building a fleet for which there may soon be no room at the inn, writes Robbert van Trooijen.</p></div>

The current pipeline of newbuilding programs for ultra-large container vessels vastly outstrips the construction of new berths intended to receive them, meaning we are literally building a fleet for which there may soon be no room at the inn, writes Robbert van Trooijen.

Landside infrastructure is container shipping’s next great chokepoint

<div class="phx-topic abstract-wrapper"><p>While there have been some schedule changes for multipurpose vessels, reliability is still sufficient only because the shock hasn’t gotten through the system yet — and conditions will likely worsen from there, conference attendees were told.</p></div>

While there have been some schedule changes for multipurpose vessels, reliability is still sufficient only because the shock hasn’t gotten through the system yet — and conditions will likely worsen from there, conference attendees were told.

Breakbulk26: War-related financial, schedule shocks ahead for energy projects

<div class="phx-topic abstract-wrapper"><p>New research from software vendor Altana found that some of the declining China-US trade flows last year morphed into complex, multi-leg supply chains routed through Mexico to qualify for USMCA treatment and thus avoid billions in tariffs. </p></div>

New research from software vendor Altana found that some of the declining China-US trade flows last year morphed into complex, multi-leg supply chains routed through Mexico to qualify for USMCA treatment and thus avoid billions in tariffs.

Tariff escalation led to enforcement gaps in Mexico rerouted goods: report

<div class="phx-topic abstract-wrapper"><p>Tariff refunds might be available for many breakbulk companies, but they still need to prepare for the possibility of new levies, conference attendees were told.</p></div>

Tariff refunds might be available for many breakbulk companies, but they still need to prepare for the possibility of new levies, conference attendees were told.

Breakbulk26: Shippers urged to pivot from typical view of tariffs, trade compliance

<div class="phx-topic abstract-wrapper"><p>Some 320 gigawatts of new wind capacity are expected to be added worldwide between 2026 and 2030, comprising about 200 GW of onshore capacity and 123 GW offshore, according to a new report.</p></div>

Some 320 gigawatts of new wind capacity are expected to be added worldwide between 2026 and 2030, comprising about 200 GW of onshore capacity and 123 GW offshore, according to a new report.

Surge in global wind energy capacity growth to propel MPV volumes

<div class="phx-topic abstract-wrapper"><p>A “clean-up effort” against unsafe and illegal trucking firms is cutting enough capacity to spur even bigger rate hikes, the company’s CEO says.</p></div>

A “clean-up effort” against unsafe and illegal trucking firms is cutting enough capacity to spur even bigger rate hikes, the company’s CEO says.

US truckload rate hikes to grow more aggressive: Knight-Swift

<div class="phx-topic abstract-wrapper"><p>The jump in domestic intermodal volumes shows how quickly freight can move to rail when truckload pricing increases, but whether that shift sustains depends on how railroads handle the surge in cargo.</p></div>

The jump in domestic intermodal volumes shows how quickly freight can move to rail when truckload pricing increases, but whether that shift sustains depends on how railroads handle the surge in cargo.

Soaring truck rates power major rebound in domestic intermodal volume

<div class="phx-topic abstract-wrapper"><p>The Port Authority of New York and New Jersey is revising the excess empty container fee in place since 2023 as off-dock depots become the focal point of trucker ire.</p></div>

The Port Authority of New York and New Jersey is revising the excess empty container fee in place since 2023 as off-dock depots become the focal point of trucker ire.

NY-NJ updating port tariff to combat rising backlog of empty boxes

<div class="phx-topic abstract-wrapper"><p>The less-than-truckload market is stabilizing, with opportunities for higher prices and profits in the second quarter, but the long-term outlook is still clouded by tariffs and geopolitical conflict.</p></div>

The less-than-truckload market is stabilizing, with opportunities for higher prices and profits in the second quarter, but the long-term outlook is still clouded by tariffs and geopolitical conflict.

Freight returning to US LTL market as pricing, fuel costs climb higher

<div class="phx-topic abstract-wrapper"><p>Domestic intermodal boosters have been waiting for three years for the competitive environment to improve, and perhaps that time has arrived, writes intermodal analyst Larry Gross. </p></div>

Domestic intermodal boosters have been waiting for three years for the competitive environment to improve, and perhaps that time has arrived, writes intermodal analyst Larry Gross.

Tailwinds for US intermodal volume growth strengthening: analyst

<div class="phx-topic abstract-wrapper"><p>Raul Alfonso, executive vice president and chief commercial officer at Port Tampa Bay, discusses the port’s channel deepening project, efforts to build resilience through preparedness for emergency situations, and the importance of partnering with schools to educate young people about the role of trade and tourism in the state’s economy. </p></div>

Raul Alfonso, executive vice president and chief commercial officer at Port Tampa Bay, discusses the port’s channel deepening project, efforts to build resilience through preparedness for emergency situations, and the importance of partnering with schools to educate young people about the role of trade and tourism in the state’s economy. 

<div class="phx-topic"><p>A long-term strategic plan is critical for ensuring sustainable growth and preparing ports for the future. Raul Alfonso, executive vice president and chief commercial officer at Port Tampa Bay, discusses the port’s channel deepening project, efforts to build resilience through preparedness for emergency situations, and the importance of partnering with schools to educate young people about the role of trade and tourism in the state’s economy. </p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by Port Tampa Bay</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6393997292112"></dynamic-object></div></div>

A long-term strategic plan is critical for ensuring sustainable growth and preparing ports for the future. Raul Alfonso, executive vice president and chief commercial officer at Port Tampa Bay, discusses the port’s channel deepening project, efforts to build resilience through preparedness for emergency situations, and the importance of partnering with schools to educate young people about the role of trade and tourism in the state’s economy.  TPM26, Long Beach, California Sponsored by Port Tampa Bay

Preparing for the future

<div class="phx-topic abstract-wrapper"><p>Jaison Augustine, executive vice president and business unit head, shipping and logistics at WNS, discusses three primary pain points to address, the transformative potential of AI and how domain expertise plays a critical role in identifying and solving customers’ problems. </p></div>

Jaison Augustine, executive vice president and business unit head, shipping and logistics at WNS, discusses three primary pain points to address, the transformative potential of AI and how domain expertise plays a critical role in identifying and solving customers’ problems.

<div class="phx-topic"><p>End-to-end digitization of the shipping industry has remained challenging due to its global scale, complex regulations, geopolitical influences and reliance on manual workflow. Jaison Augustine, executive vice president and business unit head, shipping and logistics at WNS, discusses three primary pain points to address, the transformative potential of AI and how domain expertise plays a critical role in identifying and solving customers’ problems. </p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by WNS, Part of Capgemini</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6393647904112"></dynamic-object></div></div>

End-to-end digitization of the shipping industry has remained challenging due to its global scale, complex regulations, geopolitical influences and reliance on manual workflow. Jaison Augustine, executive vice president and business unit head, shipping and logistics at WNS, discusses three primary pain points to address, the transformative potential of AI and how domain expertise plays a critical role in identifying and solving customers’ problems. TPM26, Long Beach, California Sponsored by WNS, Part of Capgemini

The road to digitization

<div class="phx-topic abstract-wrapper"><p>Carlos Lopez Barbera, vice president and executive general manager of Marine Solutions at Kaleris, explains how to strike the right balance between cost and productivity, highlights the value of using operations experts to configure high-performing systems, and argues that the future of optimization must be outcome-based.</p></div>

Carlos Lopez Barbera, vice president and executive general manager of Marine Solutions at Kaleris, explains how to strike the right balance between cost and productivity, highlights the value of using operations experts to configure high-performing systems, and argues that the future of optimization must be outcome-based.

<div class="phx-topic"><p>Building innovation into existing terminals is riskier than ever, as operators must introduce new solutions while maintaining high service levels without causing disruption. Carlos Lopez Barbera, vice president and executive general manager of Marine Solutions at Kaleris, explains how to strike the right balance between cost and productivity, highlights the value of using operations experts to configure high-performing systems, and argues that the future of optimization must be outcome-based.</p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by Kaleris</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6393567713112"></dynamic-object></div></div>

Building innovation into existing terminals is riskier than ever, as operators must introduce new solutions while maintaining high service levels without causing disruption. Carlos Lopez Barbera, vice president and executive general manager of Marine Solutions at Kaleris, explains how to strike the right balance between cost and productivity, highlights the value of using operations experts to configure high-performing systems, and argues that the future of optimization must be outcome-based. TPM26, Long Beach, California Sponsored by Kaleris

An era of smart innovation

SPRING SALE: Use code SSFTW30 to save 30% on first year of a Silver or Silver Plus annual subscription!


Subscribe Now - FT to S/SP - Offer Box

Subscribe and Save

GET INTO A GROUP SUBSCRIPTION: Arm your team with unlimited Journal of Commerce content

Group Subscriptions - Offer Box

Group Subscriptions

SPRING SALE: Use code SSLW30 at checkout and save 30% on an annual Silver or Silver Plus subscription!

Subscribe Now - Anonymous to S/SP - Offer Box

SUBSCRIBE TODAY

UPGRADE TO GOLD AND SAVE: Use code GTT26W at checkout and save $900 on first year of a Gold subscription!

Upgrade Subscription - Gold Trials

Upgrade Subscription

SPRING SALE: Use code SSLW895 at checkout and save $600 on an annual Gold subscription!

Subscribe Now - Anonymous to Gold - Offer Box

SAVE $900 ON A GOLD SUBSCRIPTION: Use code GW595 and upgrade to Gold for just $595! Valid on first year of subscription.

Upgrade Subscription - S/SP to Gold - Offer Box

SPRING SALE: Use code SSGFTW895 and save $600 on the first year of a Gold subscription!

Subscribe Now - FT to Gold - Offer Box

SUBSCRIBE AND SAVE

Video

<div class="phx-topic abstract-wrapper"><p>Troy Tibbetts, executive vice president of sales and marketing at STG Logistics, talks about how the company is measuring growth, what trends he is seeing in the market and what STG Logistics plans to lean into for 2024. </p></div>

Troy Tibbetts, executive vice president of sales and marketing at STG Logistics, talks about how the company is measuring growth, what trends he is seeing in the market and what STG Logistics plans to lean into for 2024.

<div class="phx-topic"><p>Following a 2022 acquisition of XPO’s intermodal division, STG Logistics has seen significant growth in its intermodal business. Troy Tibbetts, executive vice president of sales and marketing at STG Logistics, talks about how the company is measuring growth, what trends he is seeing in the market and what STG Logistics plans to lean into for 2024. </p><p><i>TPM24, Long Beach, California</i></p><p><b>Sponsored by STG Logistics</b></p><div class="wrapper-full"><dynamic-object type="brightcove" resource-id="6350344707112"></dynamic-object></div></div>

Related Videos

Recent News and Analysis

Maritime News

Surface News

Air Cargo News

Supply Chain News