Monthly Archives for January 2023

UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023 Technology that connects and automates packages, trucks, and sorting facilities will come to the fore at UPS this year as the largest US logistics provider positions itself for an economic rebound. UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023 Journal of Commerce

Norfolk Southern adds to Southeast intermodal capacity with new cranes Norfolk Southern’s plan to bring more capacity to its international intermodal business this year has kicked off with new cranes enabling the stacking of marine containers at its Austell ramp in Georgia. Norfolk Southern adds to Southeast intermodal capacity with new cranes Journal of Commerce

Asia-Europe spot rates soften to pre-pandemic levels Carriers have entered 2023 with too much supply and not enough demand on the Asia-Europe trade, with rates continuing their downward spiral through January. Asia-Europe spot rates soften to pre-pandemic levels Journal of Commerce

Savannah aims for more cold-chain cargo with new reefer racks The Port of Savannah says plans for additional reefer rack capacity will add to its market share for cold chain imports coming into the US Southeast and Gulf Coast. Savannah aims for more cold-chain cargo with new reefer racks Journal of Commerce

ONE cuts profit forecast on persistent market weakness The first 2022 financial results from ocean container carriers are filtering in, revealing the impact of collapsing rates and demand on profitability levels. ONE cuts profit forecast on persistent market weakness Journal of Commerce

Magaya gets cash infusion to fuel customs-led international growth The software arms race taking place in the global forwarding space shows no signs of relenting, with Miami-based Magaya getting growth capital to fuel its international ambitions. Magaya gets cash infusion to fuel customs-led international growth Journal of Commerce

Spread between East, West coast ocean spot rates returns to pre-pandemic levels The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels. Spread between East, […]

Pitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast An expedited linehaul service using team drivers will cut transit times connecting Pitt Ohio’s eastern territory with California within three days.  Pitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast Journal of Commerce

US railroads looking to mend fences with labor after trying 2022 US Class I railroads are taking steps to address quality-of-life issues for their employees, including reducing on-call positions, avoiding furloughs, and introducing more flexible working structures. US railroads looking to mend fences with labor after trying 2022 Journal of Commerce

Ro/ro executive Batista joins GPA as port gears up for expansion A long-time ro/ro executive with Wallenius Wilhelmsen will shift his focus to container BCOs in a new position with the Georgia Ports Authority. Ro/ro executive Batista joins GPA as port gears up for expansion Journal of Commerce