Name: Shaping a positive future
Uploaded: Dec 19, 2023, 12:26 PM EST
Description: Stephen Edwards, CEO of the Port of Virginia, talks about becoming the deepest port on the East Coast, rail modernization and expansion, and how the port is working alongside the commonwealth to improve business climate. Inland23, Chicago, Illinois Sponsored by The Port of Virginia

Stephen Edwards, CEO of the Port of Virginia, talks about becoming the deepest port on the East Coast, rail modernization and expansion, and how the port is working alongside the commonwealth to improve business climate. Inland23, Chicago, Illinois Sponsored by The Port of Virginia

<div class="phx-topic abstract-wrapper"><p>With demand on the corridor continuing to outstrip available capacity constrained by the Middle East war, any resumption of hostilities would keep upward pressure on rates. </p></div>

With demand on the corridor continuing to outstrip available capacity constrained by the Middle East war, any resumption of hostilities would keep upward pressure on rates.

Feature image

Asia-Europe air cargo rates remain elevated as Gulf tensions escalate

<div class="phx-topic abstract-wrapper"><p>Global cargo capacity has largely recovered to pre-shock levels, while international routes have yet to be seriously affected by jet fuel shortages, according to Xeneta.</p></div>

Global cargo capacity has largely recovered to pre-shock levels, while international routes have yet to be seriously affected by jet fuel shortages, according to Xeneta.

Air freight supply-demand factors adjust to war-disrupted market

<div class="phx-topic abstract-wrapper"><p>Tobias Meyer said 10 dedicated DHL Supply Chain warehouses with 7 million square feet of capacity will go live in North America this year, specifically targeting data center logistics.</p></div>

Tobias Meyer said 10 dedicated DHL Supply Chain warehouses with 7 million square feet of capacity will go live in North America this year, specifically targeting data center logistics.

DHL targeting US data center development to boost group revenues: CEO

<div class="phx-topic abstract-wrapper"><p>DSV CEO Jens Lund, speaking during the company’s first-quarter earnings call Wednesday, said the integration of Schenker has been completed in more than 50 countries, with full integration still on tap by the end of this year.</p></div>

DSV CEO Jens Lund, speaking during the company’s first-quarter earnings call Wednesday, said the integration of Schenker has been completed in more than 50 countries, with full integration still on tap by the end of this year.

More job cuts in the works for Q2 as DSV-Schenker integration continues: Lund

<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.

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

<div class="phx-topic abstract-wrapper"><p>Caterpillar and Deere are key global manufacturers of high-and-heavy cargo and considered bellwether companies for the ro/ro breakbulk shipping segment.</p></div>

Caterpillar and Deere are key global manufacturers of high-and-heavy cargo and considered bellwether companies for the ro/ro breakbulk shipping segment.

High-and-heavy equipment makers tap into data centers for growth

<div class="phx-topic abstract-wrapper"><p>Spot rates on the corridor hit their highest level of the year in the first half of May, but there are mixed views on whether demand will continue into the summer. </p></div>

Spot rates on the corridor hit their highest level of the year in the first half of May, but there are mixed views on whether demand will continue into the summer.

Higher trans-Atlantic ocean rates plateau as demand rally slows

<div class="phx-topic abstract-wrapper"><p>Industry sources say operations have been affected by yard congestion and associated delays in inter-terminal transfer activity, which is an integral part of transshipment operations.</p></div>

Industry sources say operations have been affected by yard congestion and associated delays in inter-terminal transfer activity, which is an integral part of transshipment operations.

Choked container yards strain terminal operations at Sri Lanka's Colombo Port

<div class="phx-topic abstract-wrapper"><p>Vessel operators are banking on rising demand for ships to support the growth of wind farm installations over the next decade.  </p></div>

Vessel operators are banking on rising demand for ships to support the growth of wind farm installations over the next decade.

Non-US offshore wind revival drives vessel ordering splurge

<div class="phx-topic abstract-wrapper"><p>The US maritime regulator said the ocean carrier will also refund third parties that paid detention bills and will limit future billing to shippers and consignees. </p></div>

The US maritime regulator said the ocean carrier will also refund third parties that paid detention bills and will limit future billing to shippers and consignees.

FMC collects civil penalty from Maersk on detention bills

<div class="phx-topic abstract-wrapper"><p>TMV said the new funding will seed companies that want to apply new technologies to the maritime industry, shipbuilding and related infrastructure. </p></div>

TMV said the new funding will seed companies that want to apply new technologies to the maritime industry, shipbuilding and related infrastructure.

Early-stage tech fund targets maritime industry with $200 million

<div class="phx-topic abstract-wrapper"><p>Ag exporters have always faced logistical challenges because their crops are grown in the interior US and shipped through ports located hundreds of miles away; those challenges seem to be growing, the AgTC conference heard this week. </p></div>

Ag exporters have always faced logistical challenges because their crops are grown in the interior US and shipped through ports located hundreds of miles away; those challenges seem to be growing, the AgTC conference heard this week.

US ag shippers navigate creaky supply chain not built for modern disruption

<div class="phx-topic abstract-wrapper"><p>Tirschwell, who most recently served as vice president of the <i>Journal of Commerce</i>, announced his plans to leave the business and continue work as an independent shipping journalist. </p></div>

Tirschwell, who most recently served as vice president of the Journal of Commerce, announced his plans to leave the business and continue work as an independent shipping journalist.

Peter Tirschwell leaves enduring legacy on Journal of Commerce

<div class="phx-topic abstract-wrapper"><p>Justice Department indictments against four of the world’s biggest box manufacturers follow reciprocal port fees and tariffs on China-made port equipment.</p></div>

Justice Department indictments against four of the world’s biggest box manufacturers follow reciprocal port fees and tariffs on China-made port equipment.

US move against container makers is latest entry in logistics battle with China

<div class="phx-topic abstract-wrapper"><p>Rising fuel costs, reliable service and higher rates amid the end of the four-year recession in trucking are helping convert more freight to rail in the eastern US. </p></div>

Rising fuel costs, reliable service and higher rates amid the end of the four-year recession in trucking are helping convert more freight to rail in the eastern US.

Local East Coast freight leading charge on intermodal rebound

<div class="phx-topic abstract-wrapper"><p>The decision comes as wholesale diesel prices in Britain have increased 40% in the last month and logistics businesses are finding it difficult to manage ever-increasing cost pressures. </p></div>

The decision comes as wholesale diesel prices in Britain have increased 40% in the last month and logistics businesses are finding it difficult to manage ever-increasing cost pressures.

UK government scraps proposed fuel duty increase in relief move for truckers

<div class="phx-topic abstract-wrapper"><p>But court filings show that even after restructuring, the company is likely to operate with thin margins and a relatively modest cash cushion. </p></div>

But court filings show that even after restructuring, the company is likely to operate with thin margins and a relatively modest cash cushion.

Bankruptcy court approves STG Logistics’ exit from Chapter 11

<div class="phx-topic abstract-wrapper"><p>Richard Kloster joins the STB at an important time for the agency as it reviews the proposed $85 billion merger of Union Pacific and Norfolk Southern, which would be the largest US rail transaction in nearly three decades. </p></div>

Richard Kloster joins the STB at an important time for the agency as it reviews the proposed $85 billion merger of Union Pacific and Norfolk Southern, which would be the largest US rail transaction in nearly three decades.

Senate approves Kloster for seat on Surface Transportation Board

<div class="phx-topic abstract-wrapper"><p>Trucking industry attorneys say last week’s decision by the Supreme Court is likely to intensify scrutiny of carrier selection practices and insurance coverage.</p></div>

Trucking industry attorneys say last week’s decision by the Supreme Court is likely to intensify scrutiny of carrier selection practices and insurance coverage.

‘Montgomery’ ruling likely to raise pressure on trucking insurance, broker vetting

<div class="phx-topic abstract-wrapper"><p>James Houghtalin, executive vice president at Cosco Shipping Lines North America, discusses the company’s focus on efficiency, flexibility, and offering diverse service options to meet customer needs while promoting sustainability through emission reductions, expanding electric truck fleets and ensuring workplace safety through training.</p></div>

James Houghtalin, executive vice president at Cosco Shipping Lines North America, discusses the company’s focus on efficiency, flexibility, and offering diverse service options to meet customer needs while promoting sustainability through emission reductions, expanding electric truck fleets and ensuring workplace safety through training.

<div class="phx-topic"><p>Reliable and flexible end-to-end logistics solutions help customers manage cost pressures, geopolitical uncertainty and operational challenges while strengthening the supply chain. James Houghtalin, executive vice president at Cosco Shipping Lines North America, discusses the company’s focus on efficiency, flexibility, and offering diverse service options to meet customer needs while promoting sustainability through emission reductions, expanding electric truck fleets and ensuring workplace safety through training.</p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by Cosco Shipping Lines North America</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6396673984112"></dynamic-object></div></div>

Reliable and flexible end-to-end logistics solutions help customers manage cost pressures, geopolitical uncertainty and operational challenges while strengthening the supply chain. James Houghtalin, executive vice president at Cosco Shipping Lines North America, discusses the company’s focus on efficiency, flexibility, and offering diverse service options to meet customer needs while promoting sustainability through emission reductions, expanding electric truck fleets and ensuring workplace safety through training. TPM26, Long Beach, California Sponsored by Cosco Shipping Lines North America

Resilient, efficient, eco-friendly service

<div class="phx-topic abstract-wrapper"><p>Paul Brashier, vice president, global supply chain at ITS Logistics, explains why the industry must remain vigilant in combating theft and fraud, how ITS’ US Port/Rail Ramp Freight Index evolved from an internal resource into a key market barometer, and why training people to use AI effectively is essential for making informed decisions.</p></div>

Paul Brashier, vice president, global supply chain at ITS Logistics, explains why the industry must remain vigilant in combating theft and fraud, how ITS’ US Port/Rail Ramp Freight Index evolved from an internal resource into a key market barometer, and why training people to use AI effectively is essential for making informed decisions.

<div class="phx-topic"><p>Freight fraud and theft are at record highs, but technology integrated into port and rail ramp operations could help reduce future incidents. Paul Brashier, vice president, global supply chain at ITS Logistics, explains why the industry must remain vigilant in combating theft and fraud, how ITS’ US Port/Rail Ramp Freight Index evolved from an internal resource into a key market barometer, and why training people to use AI effectively is essential for making informed decisions.</p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by ITS Logistics</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6396674112112"></dynamic-object></div></div>

Freight fraud and theft are at record highs, but technology integrated into port and rail ramp operations could help reduce future incidents. Paul Brashier, vice president, global supply chain at ITS Logistics, explains why the industry must remain vigilant in combating theft and fraud, how ITS’ US Port/Rail Ramp Freight Index evolved from an internal resource into a key market barometer, and why training people to use AI effectively is essential for making informed decisions. TPM26, Long Beach, California Sponsored by ITS Logistics

Investing in tech to reduce risk

<div class="phx-topic abstract-wrapper"><p>Alexander Luc, group vice president, Automotive &amp; International Intermodal at Norfolk Southern, discusses the company’s investments in safety and infrastructure, terminal upgrades, double-digit growth since entering the New England market, and rail sustainability measures.</p></div>

Alexander Luc, group vice president, Automotive & International Intermodal at Norfolk Southern, discusses the company’s investments in safety and infrastructure, terminal upgrades, double-digit growth since entering the New England market, and rail sustainability measures.

<div class="phx-topic"><p>Norfolk Southern and Union Pacific are pursuing a merger that would create America’s first intercontinental railroad, providing access to over 100 ports and more than 10 international gateways to Mexico and Canada. Alexander Luc, group vice president, Automotive &amp; International Intermodal at Norfolk Southern, discusses the company’s investments in safety and infrastructure, terminal upgrades, double-digit growth since entering the New England market, and rail sustainability measures.</p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by Norfolk Southern</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6396669646112"></dynamic-object></div></div>

Norfolk Southern and Union Pacific are pursuing a merger that would create America’s first intercontinental railroad, providing access to over 100 ports and more than 10 international gateways to Mexico and Canada. Alexander Luc, group vice president, Automotive & International Intermodal at Norfolk Southern, discusses the company’s investments in safety and infrastructure, terminal upgrades, double-digit growth since entering the New England market, and rail sustainability measures. TPM26, Long Beach, California Sponsored by Norfolk Southern

Making tracks across the country

MEMORIAL DAY SALE: Use code MDFTW30 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

MEMORIAL DAY SALE: Use code MDW30 at checkout and save 30% on a Silver or Silver Plus annual 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

MEMORIAL DAY SALE: Use code MDGW895 at checkout and save $600 on a Gold annual subscription!

Subscribe Now - Anonymous to Gold - Offer Box

MEMORIAL DAY SALE: Use code MDGW595 and upgrade to Gold for just $595! Valid on first year of subscription.

Upgrade Subscription - S/SP to Gold - Offer Box

MEMORIAL DAY SALE: Use code MDFTGW895 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>Stephen Edwards, CEO of the Port of Virginia, talks about becoming the deepest port on the East Coast, rail modernization and expansion, and how the port is working alongside the commonwealth to improve business climate.</p></div>

Stephen Edwards, CEO of the Port of Virginia, talks about becoming the deepest port on the East Coast, rail modernization and expansion, and how the port is working alongside the commonwealth to improve business climate.

<div class="phx-topic"><p>Stephen Edwards, CEO of the Port of Virginia, talks about becoming the deepest port on the East Coast, rail modernization and expansion, and how the port is working alongside the commonwealth to improve business climate.</p><p><i>Inland23, Chicago, Illinois </i></p><p><b>Sponsored by The Port of Virginia</b></p><p></p><div class="wrapper-full"><dynamic-object type="brightcove" resource-id="6343531715112"></dynamic-object></div></div>

Related Videos

Recent News and Analysis

Maritime News

Surface News

Air Cargo News

Supply Chain News