Monthly Archives for August 2017

Global container volume growth at fastest clip in six years Cranes at ports around the world have been lifting more containers than last year. Shipping analyst Drewry will be radically reassessing its volume forecast for this year and 2018 as world container throughput heads for its fastest growth in six years.The vast majority of that […]

Surging US imports fail to lift trans-Pac spot rates US container imports are forecast to rise 6.6 percent this year. Despite record import volumes flowing through major US ports, container lines have failed to lift eastbound Pacific spot rates for the second week straight, although a forecast for accelerating Asia imports this month could propel […]

Asia-Europe spot rates flatten ahead of mid-August GRIs Some optimistic rate increases are being lined up for Aug. 15. Solid peak season volumes and reports of tight space from shippers have not been able to push up the Asia-Europe spot market, with freight rates declining slightly this week in advance of yet another round of […]

Asia-Europe spot rate flattens out ahead of mid-August increases Some optimistic rate increases are being lined up for Aug. 15. Solid peak season volumes and reports of tight space from shippers have not been able to push up the Asia-Europe spot market, with freight rates declining slightly this week in advance of yet another round […]

XPO transforms LTL acquisition Uniforms are just the surface of the radical redesign of XPO Logistics’ LTL unit. The second-largest less-than-truckload (LTL) carrier in the United States is not the company it used to be. By May, the more than 8,000 tractors, 25,000 trailers, 300 US LTL facilities, and the uniforms of workers at the […]

XPO transforms LTL business acquisition Uniforms are just the surface of the radical redesign of XPO Logistics’ LTL unit. The second-largest less-than-truckload carrier in the United States is not the company it used to be. By May, the more than 8,000 tractors, 25,000 trailers, 300 US LTL facilities, and the uniforms of workers at the […]

Record monthly US imports forecast for August Analysts and industry watchers are upgrading their expectations for global trade growth in 2017. US containerized imports are forecast to reach the highest-ever monthly total in August as retailers react to strong consumer demand, providing carriers another tailwind to their improving fortunes. The Global Port Tracker, published monthly […]

Floating terminal to be built to relieve Chittagong congestion There’s little room for containers at the Chittagong port or the container depots serving it. As congestion flares at the port of Chittagong, the government of Bangladesh says it will build a floating terminal at the port’s outer anchorage to facilitate the movement of containers to […]

Bangladesh floats infrastructure as Chittagong congestion cure There’s little room for containers at the Chittagong port or the container depots serving it. As congestion flares at the port of Chittagong, the government of Bangladesh says it will build a floating terminal at the port’s outer anchorage to facilitate the movement of containers to and from […]

New carrier capacity heating up market share battle Fresh tonnage could upset the still-fragile balance of supply and demand in global container shipping. Two shipping industry analysts warn pending ship orders could reignite a battle for market share among the world’s major container lines, particularly if CMA CGM follows through on rumored orders of nine […]