Monthly Archives for January 2023

Declining freight demand prompts Flexport to cut 20 percent of global staff Falling demand for ocean and air freight services is driving headcount cuts across the logistics sector, with forwarder Flexport the latest to announce layoffs. Declining freight demand prompts Flexport to cut 20 percent of global staff Journal of Commerce

Antwerp-Bruges volume fell 5.2 percent in 2022 amid operational challenges Heavily disrupted shipping markets kept container handling at the Belgian hub of Antwerp-Bruges under pressure throughout 2022. Antwerp-Bruges volume fell 5.2 percent in 2022 amid operational challenges Journal of Commerce

Maersk, MSC add ships in restructured trans-Atlantic trade The disruption to trade lanes caused by the pandemic is over, but slowing demand has left carriers struggling to manage the existing capacity flooding back into service as congestion eases and new ships are delivered. Maersk, MSC add ships in restructured trans-Atlantic trade Journal of Commerce

Forward expands air-ground network, aiming for high-value freight The acquisition of competitor Land Air Express expands Forward Air’s nationwide ground airport-to-airport network and capacity, Forward’s CEO says. Forward expands air-ground network, aiming for high-value freight Journal of Commerce

‘Pricing discipline’ to temper US LTL rate relief in 2023 Shippers can expect some rate relief and improved LTL service in 2023 as demand softens and shipping patterns normalize, which for carriers will take some of the shine off the sector’s recent golden glow. ‘Pricing discipline’ to temper US LTL rate relief in 2023 Journal […]

Fallout from ocean rate collapse to define market ‘status quo’ in 2023 The collapse in ocean freight rates is a clear signal that the market is reverting to its pre-pandemic state, but the burning question for 2023 is whether that reversion is temporary. Fallout from ocean rate collapse to define market ‘status quo’ in 2023 […]

Maersk’s new-look management team faces challenging operating environment Maersk’s new executive lineup covers 15 areas of responsibility within the carrier and is a combination of long-term company leaders and those with experience from outside the group. Maersk’s new-look management team faces challenging operating environment Journal of Commerce

Roadrunner expedites West Coast-to-Chicago service to meet inland demand The largest US point-to-point LTL carrier is speeding service from Southern California to Chicago, reducing the transit time to one to three business days as demand for velocity remains high. Roadrunner expedites West Coast-to-Chicago service to meet inland demand Journal of Commerce

Tight supply to keep warehousing costs rising despite slower freight growth The rapid expansion of US industrial real estate is expected to slow in 2023 as warehouses are completed, capital costs rise, and the US economy slows, but capacity isn’t going to suddenly flood the market. Tight supply to keep warehousing costs rising despite slower […]

Asia-Europe capacity cuts lag market slowdown: analysts With little sign of booking increases on the Asia-Europe trade ahead of Chinese New Year, analysts believe carriers will be oversupplied with capacity unless further cuts are made. Asia-Europe capacity cuts lag market slowdown: analysts Journal of Commerce