Monthly Archives for February 2023

Acquisition spree continues despite downshift in container shipping bull run The container shipping industry’s profit margins are easing, but the appetite for acquisitions — from air cargo units to last-mile delivery logistics — isn’t letting up, writes Journal of Commerce Executive Editor Mark Szakonyi. Acquisition spree continues despite downshift in container shipping bull run Journal […]

WiseTech continues acquisition campaign with 4 million Blume purchase WiseTech Global is doubling down on its reach into US intermodal networks with its $414 million purchase of Blume Global three weeks after acquiring drayage tech provider Envase. WiseTech continues acquisition campaign with 4 million Blume purchase Journal of Commerce

GPA cuts Savannah hours, discontinuing pop-yards amid volume decline The Georgia Ports Authority instituted evening truck gate hours at the Port of Savannah in 2021 to combat the import surge that resulted in more than 30 vessels anchored outside its Garden City terminal. GPA cuts Savannah hours, discontinuing pop-yards amid volume decline Journal of Commerce

Canada commits up to C million for digital supply chain projects The funding commitment comes after port congestion in Western Canada last year, fueled by backlogs at key inland hubs such as Toronto and Montreal, slowed import shipments. Canada commits up to C million for digital supply chain projects Journal of Commerce

New carrier connections heighten rate pressure on India-US trades Container shipping sources in India expect an even more dramatic impact on carrier pricing power in the coming weeks as new services added recently settle into the market. New carrier connections heighten rate pressure on India-US trades Journal of Commerce

Cap European rail electricity price hikes or lose out to road: intermodal group Long-haul rail freight in Europe, the main alternative to road transport, is being undermined as the cost of electricity far outstrips diesel, say combined transport stakeholders. Cap European rail electricity price hikes or lose out to road: intermodal group Journal of Commerce

US flatbed trucking activity sees early regional revival: DAT Demand for flatbed tractor-trailers is rising along the Gulf Coast and Southeast, buoyed by project cargo, shifting freight patterns, and a warmer-than-normal winter, DAT Freight & Analytics says. US flatbed trucking activity sees early regional revival: DAT Journal of Commerce

Year-on-year decline in US imports from Asia accelerated in January The West Coast’s share of US imports from Asia continued to erode last month as retailers shipped their discretionary cargo through East and Gulf coast ports to avoid potential disruption linked to ongoing labor talks. Year-on-year decline in US imports from Asia accelerated in January Journal […]

Maersk culls another trans-Pac service as ship supply outstrips demand Maersk’s move is part of a raft of service changes by it and other carriers as they wind down trans-Pacific vessel capacity they quickly brought on during the pandemic-driven demand surge. Maersk culls another trans-Pac service as ship supply outstrips demand Journal of Commerce

DB Schenker, MSC lock in net-zero biofuel deal to cut shipping emissions MSC vessels that transport containers for DB Schenker will use a blend of biofuel under an agreement designed to generate substantial cuts in CO2 emissions this year. DB Schenker, MSC lock in net-zero biofuel deal to cut shipping emissions Journal of Commerce