Monthly Archives for January 2023

ECU parent forms investment partnership with logistics-focused VC firm A partnership between venture firm Northstar and India’s Allcargo Group is meant to formalize their joint investment plans into logistics-focused startups over the next year. ECU parent forms investment partnership with logistics-focused VC firm Journal of Commerce

Trans-Pac spot rate spread for East, West coasts narrows ahead of Lunar New Year The narrowing spread between East and West coast spot rates in the eastbound trans-Pacific comes as spot rates to the East Coast have fallen by 18 percent over the past six weeks while West Coast rates have ticked slightly higher. Trans-Pac […]

Trans-Pac spot rate spread for East, West coasts narrows sharply ahead of Lunar New Year The narrowing spread between East and West coast spot rates in the eastbound trans-Pacific comes as spot rates to the East Coast have fallen by 18 percent over the past six weeks while West Coast rates have ticked slightly higher. […]

US shippers still facing LTL rate pressure: Cowen/AFS study Less-than-truckload rates are rising despite economic headwinds as accessorials, general rate increases, and a trend toward higher freight rate classes support a high pricing floor. US shippers still facing LTL rate pressure: Cowen/AFS study Journal of Commerce

French port group Haropa expands inland river network Import weakness kept volume flat at the merged French ports of Le Havre, Rouen, and Paris, but an improved river and rail network resulted in a large rise in hinterland traffic. French port group Haropa expands inland river network Journal of Commerce

RoadOne looks to tap Houston freight growth with deal for Texas drayage carrier The sharp increase in freight activity seen at the Port of Houston over the past year has prompted national drayage provider RoadOne IntermodaLogistics to acquire a Texas motor carrier. RoadOne looks to tap Houston freight growth with deal for Texas drayage carrier […]

Lack of space costing Zeebrugge new ro/ro clients: port Zeebrugge’s ro/ro traffic rose 6.5 percent in 2022, even as congestion and tight capacity constrained potential growth. Lack of space costing Zeebrugge new ro/ro clients: port Journal of Commerce

Pass-through fees could disincentivize carriers from decarbonizing: shippers Shippers are generally willing to share in the cost of reducing carbon emissions, but they worry a lack of transparency in pass-through charges could allow shipping lines to continue burning fossil fuels. Pass-through fees could disincentivize carriers from decarbonizing: shippers Journal of Commerce

MPV rates slump as breakbulk moves back to container sector Despite a decline in daily charter rates, the longer-term MPV outlook remains strong due to increased investments in oil and gas and renewables projects. MPV rates slump as breakbulk moves back to container sector Journal of Commerce

Estes Express plans near-port expansion as new generation takes charge The largest US family owned LTL trucking company is adding terminals, including one in Southern California, as Webb Estes moves into the president’s office.  Estes Express plans near-port expansion as new generation takes charge Journal of Commerce