Monthly Archives for February 2023

C.H. Robinson reaffirms commitment to global forwarding business The largest US logistics provider claims “compelling results” from cross-selling surface transportation and air and ocean services, despite weak market conditions. C.H. Robinson reaffirms commitment to global forwarding business Journal of Commerce

Rapid container rate decline complicates payment picture for shippers US importers that renegotiated contract rates or shifted to the spot market in the second half of 2022 have also had to adjust to different accessorial charges and transmission formats. Rapid container rate decline complicates payment picture for shippers Journal of Commerce

MSC opens more direct port connections for Indian exporters as volumes taper The expansion of origin-to-destination ocean connectivity with predictable transit time improvements is a boon for Indian exporters trying to find untapped markets for their products amid slowing demand. MSC opens more direct port connections for Indian exporters as volumes taper Journal of Commerce

DSV books record result for 2022, but warns that bull run for profits is over The pandemic-driven bull run culminated in a highly profitable result for Denmark’s DSV in 2022, but a return to a more “normal” market has begun. DSV books record result for 2022, but warns that bull run for profits is over […]

2M breakup throws carriers’ operating playbook out the window The breakup of the 2M Alliance opens the door to a few possibilities, including the industry reverting to a competitive scramble for market share, driving down profits and forcing yet another round of M&A activity, writes Peter Tirschwell. 2M breakup throws carriers’ operating playbook out the […]

Freightify lands funding to target digital rate management in North America Technology provider Freightify is aiming to empower forwarders to build an online quoting presence that would lessen their reliance on rate marketplaces. Freightify lands funding to target digital rate management in North America Journal of Commerce

US LTL freight volumes starting to improve ahead of spring: ODFL Old Dominion Freight Line “has its fingers crossed” that the decline in less-than-truckload volumes is turning and an increase in freight demand will be seen in March or the second quarter. US LTL freight volumes starting to improve ahead of spring: ODFL Journal of […]

Improved US cargo flow drives continued gains in trans-Pacific schedule reliability The return of US ports to normal cargo flow is demonstrated starkly in the year-over-year comparisons of vessel schedule reliability in the Asia-US trade. Improved US cargo flow drives continued gains in trans-Pacific schedule reliability Journal of Commerce

Early Lunar New Year stalls Asian air cargo recovery The traditional air cargo market slowdown has been exaggerated by an early start to the Lunar New Year and an unfavorable comparison with last year’s robust peak season. Early Lunar New Year stalls Asian air cargo recovery Journal of Commerce

Sourcing shift from China pulls US import share to more than a decade low Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam, India, and South Korea, writes Journal of Commerce Executive Editor Mark Szakonyi. Sourcing shift from China pulls […]