Monthly Archives for March 2023

‘Precipitous’ fall in ocean spot market near bottom: Zim CFO Restocking by US retailers will spur demand on the trans-Pacific and arrest the steep drop in freight rates in the second half of the year, according to Israel-based carrier Zim. ‘Precipitous’ fall in ocean spot market near bottom: Zim CFO Journal of Commerce

US chassis market nearing ‘equilibrium’ after disruptive shortages Chassis providers believe the equipment shortages that bogged down inland supply chains in 2021 and 2022 will soon no longer be an issue for shippers, allowing the industry to return to a more typical supply/demand balance. US chassis market nearing ‘equilibrium’ after disruptive shortages Journal of Commerce

Ocean carriers on transnational regulatory defensive over antitrust immunity Stripped of antitrust protection that is under scrutiny on both sides of the Atlantic and the legal certainty of being able to operate within alliances and perhaps even vessel-sharing agreements, ocean carriers could be all but forced to operate independently, writes Peter Tirschwell. Ocean carriers on […]

Intermodal share data point to opportunities: analyst It stands to reason that the more miles one spends on low-cost rail, the better the comparative economics versus truck should be, but that’s not what happens in the real world, writes analyst Larry Gross. Intermodal share data point to opportunities: analyst Journal of Commerce

Intermodal share data points to opportunities: analyst It stands to reason that the more miles one spends on low-cost rail, the better the comparative economics versus truck should be, but that’s not what happens in the real world, writes analyst Larry Gross. Intermodal share data points to opportunities: analyst Journal of Commerce

OCEMA appeals chassis ruling to FMC commissioners The Ocean Carrier Equipment Management Association says the FMC’s chief administrative judge erred in issuing a summary judgement against the group because key facts are still in dispute. OCEMA appeals chassis ruling to FMC commissioners Journal of Commerce

Drayage tech provider PortPro targeting shippers with new tracking tools Drayage software vendor PortPro is attempting to narrow the gap between the tools that port truckers and their shipper customers use with a new container milestone tracking product it has launched. Drayage tech provider PortPro targeting shippers with new tracking tools Journal of Commerce

Multipurpose vessel rates may be at post-COVID bottom: Toepfer The MPV sector’s market correction appears to have bottomed at rates still healthy for owners and carriers, even as the sector feels pressure from minor bulk carriers hunting for cargo. Multipurpose vessel rates may be at post-COVID bottom: Toepfer Journal of Commerce

Shippers unite in push for carriers to scale up use of zero-carbon fuel Shippers are keeping pressure on carriers to decarbonize their operations with the launch of another US-led initiative to speed up container shipping’s transition to fossil-free fuels. Shippers unite in push for carriers to scale up use of zero-carbon fuel Journal of Commerce

Carriers not reliable enough to warrant cut in inventory levels: BASF Shippers in Europe are stuck with excess inventory at a time of slowing demand, in part because their lack of confidence in the on-time performance of carriers has led to hesitancy to pare down stocks. Carriers not reliable enough to warrant cut in inventory […]