Monthly Archives for June 2022

Brazil–US freight rates spike amid tight capacity, port congestion Northbound capacity from Brazil to the US is tight due to ongoing strength in US imports, a reality that has boosted freight rates and is likely to continue until at least the fourth quarter of 2022. Brazil–US freight rates spike amid tight capacity, port congestion Journal […]

DB Schenker to buy USA Truck for 5 million European logistics company DB Schenker will offer US shippers a more integrated package of domestic and international services by adding truckload carrier USA Truck to its Land Transport division. DB Schenker to buy USA Truck for 5 million Journal of Commerce

Strong perishables exports spur South America–Asia capacity hikes Carriers are deploying extra capacity and launching new services to accommodate strong exports of produce and seafood from the west coast of South America to Asia and the Mediterranean. Strong perishables exports spur South America–Asia capacity hikes Journal of Commerce

No short-term fix seen for US chassis shortage US retailers’ stockpiling of inventory has not only swelled the number of import boxes sitting on marine terminals and railheads, it has also left thousands of chassis idled with unopened containers on top of them at distribution centers around the country. No short-term fix seen for US […]

New partnership gives FourKites access to FedEx data trove FourKites will get access to previously internal shipment data from FedEx to train its predictive visibility system as part of a new planning and problem resolution platform called FourKites X. New partnership gives FourKites access to FedEx data trove Journal of Commerce

European tech provider targeting US container release bottlenecks Import automation provider Flowfox is working with some of the largest container lines and global forwarders to adapt its European container release product to US needs. European tech provider targeting US container release bottlenecks Journal of Commerce

Top US Shippers: Paper, forest product exports still reeling from China bans Paper and forest product exports continue to drop as exporters face delays both at home and abroad getting their goods to customers. Top US Shippers: Paper, forest product exports still reeling from China bans Journal of Commerce

Chain.io channels logistics integration needs into fresh venture investment Chain.io has landed an $11 million funding round to expand its basket of logistics-specific integrations to transportation management and operating systems used by forwarders and shippers. Chain.io channels logistics integration needs into fresh venture investment Journal of Commerce

Top US Shippers: Housing starts, rising values lift household goods imports Sustained growth in new home construction and remodeling that drove seemingly insatiable consumer demand for household goods last year has continued in 2022. Top US Shippers: Housing starts, rising values lift household goods imports Journal of Commerce

Chaotic breakbulk market won’t return to pre-pandemic norms The outlook for project cargo demand is bright, but tight capacity, congestion, high costs, and low schedule reliability will likely persist in the breakbulk sector. Chaotic breakbulk market won’t return to pre-pandemic norms Journal of Commerce