Monthly Archives for March 2023

FedEx Freight cuts costs but improves profit as US LTL volumes shrink With ‘every dollar under scrutiny,’ FedEx Freight is squeezing its trucking division, gaining financial improvements that better position the carrier for the next economic rebound.  FedEx Freight cuts costs but improves profit as US LTL volumes shrink Journal of Commerce

ILWU job action causing terminal gate delays in Los Angeles-Long Beach: PMA Longshoremen represented by ILWU Local 13 are refusing to stagger their meal breaks at the ports of Los Angeles and Long Beach, resulting in periods when no work is being done on the docks, says the Pacific Maritime Association. ILWU job action causing […]

Air cargo market weakens as capacity floods into service on major trades In addition to long-haul passenger aircraft with significant belly freight capacity coming back into service to capture growing travel business, several airlines are adding freighters to the major trade lanes. Air cargo market weakens as capacity floods into service on major trades Journal […]

Heavy-deck demand faltering, but long-term outlook remains strong Despite a temporary lull, heavy-deck carriers and industry analysts see a “mind-boggling” outlook for global offshore wind demand. Heavy-deck demand faltering, but long-term outlook remains strong Journal of Commerce

Not all recent import share loss on West Coast is permanent: analyst As the US West Coast’s share of import TEU has fallen in recent years, analyst Larry Gross notes there is an important difference between declines due to sourcing location changes and declines due to loss of share by region. Not all recent import […]

New IMO rule at odds with practical realities: breakbulk executives Breakbulk industry executives warn new rules aimed at reducing vessel emissions could incentivize vessel operators to implement measures that increase emissions in other areas of the supply chain. New IMO rule at odds with practical realities: breakbulk executives Journal of Commerce

IEPs file brief siding with ocean carriers in FMC chassis dispute The independent equipment providers say upending the current business model would create additional chassis shortages and invoicing problems that would inconvenient cargo owners. IEPs file brief siding with ocean carriers in FMC chassis dispute Journal of Commerce

US imports from Asia hit three-year low in February: data US imports from Asia fell to their lowest level in three years in February, but volumes are expected to pick up in late summer with the onset of peak shipping season. US imports from Asia hit three-year low in February: data Journal of Commerce

WiseTech Global weighing US domestic tech acquisition options: CEO Widely used forwarding software provider WiseTech Global will pursue further US landside logistics technology targets in 2023, its CEO says. WiseTech Global weighing US domestic tech acquisition options: CEO Journal of Commerce

Berth upgrade work sparks vessel bunching, truck buildups at India’s JNPT Delays began to build after an equipment upgrade project to enhance productivity and capacity at APM Terminals Mumbai put one of its berths out of commission for six months. Berth upgrade work sparks vessel bunching, truck buildups at India’s JNPT Journal of Commerce