Monthly Archives for March 2023

New NS Norfolk-Memphis service aims to grab East Coast cargo shift Norfolk Southern and the Port of Virginia are not only targeting importers using trans-Atlantic services from Europe and Asia, but also exporters moving goods through Memphis, like the cotton industry. New NS Norfolk-Memphis service aims to grab East Coast cargo shift Journal of Commerce

Carriers face choppy first half ahead of more positive H2: Yang Ming Yang Ming echoed the warnings of its competitors, saying consumer spending power has fallen since the fourth quarter of last year due to inflation while high inventory levels have also affected demand. Carriers face choppy first half ahead of more positive H2: Yang […]

Shippers committed to digital investments in logistics: S&P Global Shippers are showing “healthy adoption” of a wide variety of digital transformation projects, according to new research from S&P Global Market Intelligence. Shippers committed to digital investments in logistics: S&P Global Journal of Commerce

MSC prepares for delivery of Hapag-Lloyd-sized orderbook Carriers’ record container ship capacity on order is being led by MSC, which will grow its fleet – already the world’s largest – by almost 40 percent over the next two years. MSC prepares for delivery of Hapag-Lloyd-sized orderbook Journal of Commerce

China recovery, pent-up demand signals air cargo growth this year: trade groups The post-pandemic recovery of China’s economy following the lifting of restrictions late last year is sparking increasingly optimistic expectations for the air cargo market in 2023 despite a challenging start to the year. China recovery, pent-up demand signals air cargo growth this year: […]

US imports to begin recovery, but remain well below 2022: retailers Retailers say their main concern right now is to avoid over-ordering product from factories in Asia until they get a better handle on consumer demand later this summer. US imports to begin recovery, but remain well below 2022: retailers Journal of Commerce

Southern California volume declines cause truck, rail rates to plunge Trucking and intermodal providers are offering discounts to secure freight in Southern California, where volumes are declining as imports from Asia fall. Southern California volume declines cause truck, rail rates to plunge Journal of Commerce

Beware of ocean carriers sidestepping EU emission rules: port groups Carriers may try to offset the costs of compliance with Europe’s incoming Emissions Trading System by adding transshipment calls outside the 300-mile ETS zone, port groups say. Beware of ocean carriers sidestepping EU emission rules: port groups Journal of Commerce

Maersk shifts detention billing to consignees ahead of FMC regulation The move by the carrier comes as the FMC is in the midst of a rulemaking process around detention and demurrage billing mandated by the passage of the Ocean Shipping Reform Act of 2022 last June. Maersk shifts detention billing to consignees ahead of FMC […]

Maersk shifts detention billing to shippers ahead of FMC regulation The move by the carrier comes as the FMC is in the midst of a rulemaking process around detention and demurrage billing mandated by the passage of the Ocean Shipping Reform Act of 2022 last June. Maersk shifts detention billing to shippers ahead of FMC […]