Monthly Archives for January 2023

Excess US truckload capacity to bring contract rates back down to earth Lower rates and abundant capacity should promote stability in the truckload market in 2023, but any semblance of normality is conditional, at best, until the broader US economy is on a more stable footing. Excess US truckload capacity to bring contract rates back […]

Empowered, but weary, importers eye streamlined Asia-US contract talks The balance of power has shifted back to shippers for annual trans-Pacific contract negotiations, but many logistics managers, exhausted after the most chaotic and stressful period of their careers, could be more willing to work with forwarders or simply less motivated to haggle with carriers, writes […]

Terminal49 lands investment to pursue visibility automation Demand for ocean visibility surged through the pandemic, including among software providers needing real-time container milestone data, an area that software vendor Terminal49 has targeted in recent years. Terminal49 lands investment to pursue visibility automation Journal of Commerce

US truckload spot market nearing its floor: analysts US dry-van spot rates appear to be stabilizing, but contract rates are dropping by double-digit percentages as new pricing and service agreements take effect. US truckload spot market nearing its floor: analysts Journal of Commerce

US truckload spot market nearing its floor, analysts say US dry-van spot rates appear to be stabilizing, but contract rates are dropping by double-digit percentages as new pricing and service agreements take effect. US truckload spot market nearing its floor, analysts say Journal of Commerce

Port of South Louisiana buys Avondale terminal as wind cargo boost looms The acquisition of Avondale by the port comes just as the state of Louisiana readies to auction its first round of offshore wind leases. Port of South Louisiana buys Avondale terminal as wind cargo boost looms Journal of Commerce

Market fallout from OSRA-22 to become clearer in 2023 Whether OSRA-22 — and increased FMC scrutiny — will produce tangible changes in how carriers and terminals calculate and convey detention and demurrage charges is still yet to be seen, as inaccurate invoices continue to plague shippers. Market fallout from OSRA-22 to become clearer in 2023 […]

Intermodal markets shift into recession after no peak season: J.B. Hunt Intermodal shippers are sitting on the sidelines until warehouses unclog and rail service improves, which will result in lower contract rates for shippers in 2023. Intermodal markets shift into recession after no peak season: J.B. Hunt Journal of Commerce

China keeps grip on global production, but search for options continues The pandemic-induced supply chain disruptions in China have left importers searching for more resilience and flexibility in their existing supply chains rather than racing for the exits. China keeps grip on global production, but search for options continues Journal of Commerce

Asia-Europe capacity cuts grow as CNY fails to boost demand Carriers on the Asia-Europe trade have stepped up capacity management measures as demand weakens through the traditionally busy Lunar New Year period and beyond. Asia-Europe capacity cuts grow as CNY fails to boost demand Journal of Commerce