Monthly Archives for February 2023

Pandemic effect drives disconnect in global trade-GDP demand indicator Global economic growth is expected to outstrip container shipping demand through 2023, potentially upsetting the traditional approach to measuring trade. Pandemic effect drives disconnect in global trade-GDP demand indicator Journal of Commerce

Flexport debuts Shopify app in move to target small importers A new Flexport app on Shopify’s partner marketplace is likely to be the first of many initiatives between the forwarder and e-commerce storefront provider. Flexport debuts Shopify app in move to target small importers Journal of Commerce

Cosco upsizes Asia-US Gulf service to post-Panamax ships amid port upgrades he buildout of warehouse and distribution capacity in Gulf Coast states is prompting ocean carriers to deploy larger ships, with Cosco Shipping joining the rush. Cosco upsizes Asia-US Gulf service to post-Panamax ships amid port upgrades Journal of Commerce

3PL Echo moves to expand LTL business with new executive hires Primarily an industrial transportation sector, the LTL business is moving into retail and is also becoming more involved in transloading at US port cities.  3PL Echo moves to expand LTL business with new executive hires Journal of Commerce

Increased vessel capacity, reliability key to 2023 reefer rebound Refrigerated container trade was muted in 2022 due to high costs and poor service, but ocean carriers appear keen to serve those markets in 2023 now that dry cargo rates have returned to pre-pandemic levels. Increased vessel capacity, reliability key to 2023 reefer rebound Journal of […]

No ‘musical chairs’ by carriers after end of 2M Alliance: Maersk CEO Maersk does not believe any of the major carriers outside the 2M Alliance have the competitive network, scale, or cost base to forge individual paths outside their current partnerships. No ‘musical chairs’ by carriers after end of 2M Alliance: Maersk CEO Journal of […]

Spot truckload rates rising at US East Coast ports, falling on West Coast Analysts have told the Journal of Commerce they expect spot market pricing to bottom out and remain flat for some time before rising again, most likely at a slow pace. Spot truckload rates rising at US East Coast ports, falling on West […]

US retailers offer little optimism in gloomy H1 import forecast The uncertain direction of the US economy is prompting consumers to hit the pause button on their buying habits, forcing a major retail group to further downgrade import projections through the first half of the year. US retailers offer little optimism in gloomy H1 import […]

Uncertain market clouds outlook for South China terminal operator Slowing global trade and tough Chinese measures to combat COVID-19 infections dragged down volume last year at Hutchison Ports subsidiary HPH Trust. Uncertain market clouds outlook for South China terminal operator Journal of Commerce

Overhaul acquisition consolidates freight risk management market Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe. Overhaul acquisition consolidates freight risk management market Journal of Commerce