Monthly Archives for February 2023

TPM23: CN focusing investment on capacity growth: CEO Canadian National will grow its capacity based on the assumption that China will remain the biggest sourcing country for North America while acknowledging the shift underway into Southeast Asia, India, and potentially Africa that could fuel cargo through eastern Canada, its CEO told TPM23. TPM23: CN focusing […]

TPM23: Post-COVID China sourcing shift ‘definitely on’: CMA CGM While the supply chain has mostly healed from COVID-19, the pandemic revealed the risk of relying too much on China for product sourcing, CMA CGM’s new US president told TPM23. TPM23: Post-COVID China sourcing shift ‘definitely on’: CMA CGM Journal of Commerce

TPM23: Sustainability should be collective, not competitive: ONE’s Nixon The container shipping industry needs to collaborate in finding alternatives to fossil fuels rather than each player following their own path, ONE CEO Jeremy Nixon told TPM23. TPM23: Sustainability should be collective, not competitive: ONE’s Nixon Journal of Commerce

TPM23: Flexport’s new CEO puts focus on building ‘next-generation’ tech Flexport, the polarizing digital forwarder, will double down on technology development during a lull in global trade, new CEO Dave Clark said at TPM23. TPM23: Flexport’s new CEO puts focus on building ‘next-generation’ tech Journal of Commerce

SC Ports turns to TRAC, Flexi-Van to help launch chassis pool The South Carolina Ports Authority will be able to launch its proprietary chassis pool as scheduled in March thanks to a last-minute agreement to secure 5,000 chassis from two major equipment providers. SC Ports turns to TRAC, Flexi-Van to help launch chassis pool Journal […]

TPM23: MSC putting ocean shipping first after ending 2M Alliance: Toft MSC’s chief executive told TPM23 that the company’s hefty orderbook signals to customers that the carrier remains chiefly committed to ocean shipping, rather than selling an integrated supply chain service. TPM23: MSC putting ocean shipping first after ending 2M Alliance: Toft Journal of Commerce

TPM23: Trans-Pacific shippers warned of wave of spring blank sailings If container lines don’t significantly blank capacity in March and April, spot rates on the eastbound trans-Pacific will fall further, according to the CEO of Sea-Intelligence Maritime Analysis. TPM23: Trans-Pacific shippers warned of wave of spring blank sailings Journal of Commerce

TPM23: US can’t quit China, but trade needs to de-risk: Petraeus US shippers are entering an era of greater risk in China trade, retired Gen. David Petraeus warned, but the two largest global economies will remain linked despite moves to source goods elsewhere. TPM23: US can’t quit China, but trade needs to de-risk: Petraeus Journal […]

TPM23: Resilient US economy may avoid recession in 2023: economist The forecast for the US and global economies is brighter than a year ago, with reduced risk of recession, thanks in part to the “decongestion” of supply chains, economist Nariman Behravesh said at TPM23.  TPM23: Resilient US economy may avoid recession in 2023: economist Journal […]

Hapag-Lloyd inks LNG deal to power incoming mega-ship fleet Hapag-Lloyd is the latest carrier to sign a supply deal with a major energy company aimed at locking in the volumes of alternative fuel required to drive new dual-fuel ships. Hapag-Lloyd inks LNG deal to power incoming mega-ship fleet Journal of Commerce