Monthly Archives for March 2023

US regulators approve CP-KC merger to form first US-Canada-Mexico rail In approving the $31 billion merger, the Surface Transportation Board rejected arguments from the FMC and competing railroads that the deal would harm US ports and shippers. US regulators approve CP-KC merger to form first US-Canada-Mexico rail Journal of Commerce

North American longshore labor talks span coast to coast The rare occurrence – in which multiple longshore labor negotiations across North America are taking place either simultaneously or nearly so — is enough to make shippers nervous, or at least wary, writes Journal of Commerce Executive Editor Mark Szakonyi. North American longshore labor talks span […]

Upturned trans-Pacific market delaying service contract deals Some importers who were ready to finalize their contract negotiations with carriers have pulled back because spot rates in the eastbound trans-Pacific continue to the decline. Upturned trans-Pacific market delaying service contract deals Journal of Commerce

Freightos’ 2022 financials reveal losses amid improving operating margins Freight rate booking marketplace Freightos said its unprofitable business is seeing improving margins and that scale will help it past the breakeven point. Freightos’ 2022 financials reveal losses amid improving operating margins Journal of Commerce

Wan Hai faces 0,000 fine under revised FMC settlement over detention charges Wan Hai is now looking at a larger civil penalty than it faced nearly a year ago following an investigation into detention charges the carrier assessed in the spring of 2021. Wan Hai faces 0,000 fine under revised FMC settlement over detention charges […]

Wan Hai faces 0,000 fine under revised FMC settlement Wan Hai is now looking at a larger civil penalty than it faced nearly a year ago following an investigation into detention charges the carrier assessed in the spring of 2021. Wan Hai faces 0,000 fine under revised FMC settlement Journal of Commerce

US trucking, warehousing firms shed jobs, but still have more than a year ago Most of the transportation job losses reported for February were due to seasonal cuts rather than economic contraction, according to the US Bureau of Labor Statistics. US trucking, warehousing firms shed jobs, but still have more than a year ago Journal […]

MSC drops India calls on intra-Asia string amid network realignment MSC and other leading carriers serving Indian trades have been rejigging their service networks and vessel deployments in a bid to match excess capacity with weakening demand conditions. MSC drops India calls on intra-Asia string amid network realignment Journal of Commerce

Global supply chains not quite back to pre-pandemic norms: analyst A variety of data sources suggest it is premature to conclude that supply chain bottlenecks have reverted to their pre-COVID levels, as issues continue to be more pervasive than before the pandemic, writes analyst Jason Miller. Global supply chains not quite back to pre-pandemic norms: […]

FMC outlines million budget request to enhance market oversight The Federal Maritime Commission is preparing to ask for another big increase in its budget as it looks to increase market surveillance and enforce OSRA-22. FMC outlines million budget request to enhance market oversight Journal of Commerce