Monthly Archives for February 2023

Container leasing market slows amid ocean sector cooling: Textainer Though some shipping lines are holding onto spare container capacity ahead of an expected pickup in demand in the second half of the year, most are finding they no longer need the quantity of containers they possessed throughout the historic, two-year surge in demand. Container leasing […]

Top container lines commit to complete shift to electronic bills of lading by 2030 Major container lines have agreed to an ambitious 2030 deadline to migrate from paper bills of lading to digital versions as resistance to such initiatives weakens. Top container lines commit to complete shift to electronic bills of lading by 2030 Journal […]

Ex-Slync CEO Kirchner charged with defrauding investors of millions Federal authorities allege ex-Slync CEO Chris Kirchner took millions of dollars meant to fund the startup technology company and instead financed extravagant personal expenditures. Ex-Slync CEO Kirchner charged with defrauding investors of millions Journal of Commerce

Cass sees US freight shifting to truckload as costs drop Lower rates and ample capacity are drawing more freight to the US truckload sector, particularly the dedicated and contract markets, according to the Cass Freight Index report. Cass sees US freight shifting to truckload as costs drop Journal of Commerce

APM plans million investment to boost Mobile rail infrastructure Mobile’s inland intermodal reach is getting a boost from a planned $60 million investment by APM Terminals into the port’s container railyard. APM plans million investment to boost Mobile rail infrastructure Journal of Commerce

US LTL shipments getting smaller: Forward Air Shippers are still tendering approximately the same number of shipments, but they’re shipping less freight per shipment, the head of expedited LTL carrier Forward Air says. US LTL shipments getting smaller: Forward Air Journal of Commerce

Carriers, shippers seek sweet spot in post-bull market service contract talks In negotiations leading up to the annual service contracts that will take effect May 1, container lines and importers are trying to find a new middle ground amid uncertainty as to how strong demand will be in the second half of the year. Carriers, […]

HMM joins move to methanol with .12 billion vessel order Methanol is increasingly being seen as one of the frontrunners for shipping’s fuel of the future, with HMM the latest convert to the green energy source. HMM joins move to methanol with .12 billion vessel order Journal of Commerce

MPV sector slows as rebalancing under way after ‘rush’ of pandemic market Short-term uncertainty and longer-term confidence are the multipurpose sector’s new normal, analysts say, after the extreme volatility of the COVID-driven market. MPV sector slows as rebalancing under way after ‘rush’ of pandemic market Journal of Commerce

MPV sector slows as rebalancing underway after ‘rush’ of pandemic market Short-term uncertainty and longer-term confidence are the multipurpose sector’s new normal, analysts say, after the extreme volatility of the COVID-driven market. MPV sector slows as rebalancing underway after ‘rush’ of pandemic market Journal of Commerce