Monthly Archives for December 2022

Pandemic profits leave 3PLs well positioned as freight demand wanes After two years of record profits, a continued softening of demand and increased competition will put forwarding margins under pressure in the first half of 2023. Pandemic profits leave 3PLs well positioned as freight demand wanes Journal of Commerce

Sealand takes slots on restarted US-Venezuela service As the US eases sanctions that have helped cripple the Venezuelan economy, Maersk’s Sealand subsidiary is taking a small step to re-establish trade ties by offering a weekly service between the two countries. Sealand takes slots on restarted US-Venezuela service Journal of Commerce

US West Coast ports start 2023 virtually congestion-free After a messy 2022, the West Coast is starting 2023 nearly congestion-free as worries rise about how much market share has been lost to the East and Gulf coasts. US West Coast ports start 2023 virtually congestion-free Journal of Commerce

Shippers, carriers in no rush to negotiate annual trans-Pacific contracts Contract rates will be lower this year, shippers, carriers, and analysts agree, but no one knows yet just how much lower reduced demand will take rates in the end. Shippers, carriers in no rush to negotiate annual trans-Pacific contracts Journal of Commerce

ONE acquiring US West Coast terminals from constituent lines The acquisition of a majority share of three terminals in Los Angeles and Oakland will allow Ocean Network Express to better coordinate vessel operations with those terminals and, in turn, improve cargo flow. ONE acquiring US West Coast terminals from constituent lines Journal of Commerce

EU ETS will come at steep cost for industry: analyst Although the precise cost of inclusion of container shipping in the EU’s Emissions Trading System is not fully known, it will likely exceed $10 billion annually, according to Journal of Commerce analyst Lars Jensen. EU ETS will come at steep cost for industry: analyst Journal […]

Roadrunner launches new driver app as part of broader tech overhaul US less-than-truckload carrier Roadrunner is arming drivers in its network with a booking application that feeds into its new internal operational systems. Roadrunner launches new driver app as part of broader tech overhaul Journal of Commerce

Stakeholders say US cargo flow would be undermined by proposed FMC billing rule At the core of the concerns expressed by carriers and terminal operators are what they say are the limits the FMC’s proposed rule on detention and demurrage would place on their ability to bill truckers and consignees. Stakeholders say US cargo flow […]

South China barge, trucking costs to rise on pre-Lunar New Year disruption Carriers are suspending feeder services between Hong Kong and Shenzhen and second-tier ports in southern China from mid-January due to COVID-19 quarantine rules for barge crews heading home for the Lunar New Year holidays. South China barge, trucking costs to rise on pre-Lunar […]

EU ETS rule will spur global emissions effort: shipper group The cap-and-trade emissions cutting system being implemented in Europe will have a “positive influence” on decarbonization agreements at an international level, according to the European Shippers’ Council. EU ETS rule will spur global emissions effort: shipper group Journal of Commerce