Monthly Archives for April 2023

Truckers entering US freight market keeping capacity abundant: DAT The number of for-hire trucking firms entering the US market is nearly as large as the number leaving on a monthly basis, which is helping to keep capacity loose despite the departures. Truckers entering US freight market keeping capacity abundant: DAT Journal of Commerce

Cosco Shipping Q1 profit plunge bodes ill for ocean carrier earnings The Q1 profit estimates came as Cosco Shipping announced plans for a general rate increase on all dry and reefer cargo to the US from Asia, the Indian subcontinent, and the Middle East from May 15. Cosco Shipping Q1 profit plunge bodes ill for […]

CPKC may spur growth in Mexican intermodal market: analyst Data shows there is significant room for growth in the Mexican intermodal market, something the joining of Canadian Pacific Railway and Kansas City Southern could help spur, writes analyst Larry Gross. CPKC may spur growth in Mexican intermodal market: analyst Journal of Commerce

Trans-Pacific capacity fills as risk of GRIs hangs over shippers How successful ocean carriers are in securing general rate increases comes down to the health of so-called green shoots of demand and the effectiveness of increased blanking of capacity. Trans-Pacific capacity fills as risk of GRIs hangs over shippers Journal of Commerce

ILWU stall LA-LB terminal openings after closures last week After effectively shutting down the ports of Los Angeles and Long Beach for two shifts last week, the largest International Longshore and Warehouse Union local on Monday engaged in a job action that delayed the start of cargo-handling. ILWU stall LA-LB terminal openings after closures last […]

Hapag-Lloyd joins carriers nixing US storage fees when terminals are closed Looming federal rulemaking over detention and demurrage billing policy continues to compel container lines to refrain from assessing free time fees on weekends and holidays, with Hapag-Lloyd the latest to make such a change. Hapag-Lloyd joins carriers nixing US storage fees when terminals are […]

CMA CGM orders 16 new alternative fuel mega-ships: report Valued at more than $3 billion, CMA CGM’s order for 12 15,000-TEU dual-fuel methanol ships and four 23,000-TEU dual-fuel liquefied natural gas (LNG) ships is the largest ever placed with a Chinese shipyard, according to state media reports. CMA CGM orders 16 new alternative fuel mega-ships: […]

Breakbulk volumes down sharply at Port Houston after 2022 ‘anomaly’ Breakbulk volumes are normalizing at Houston after the market surge of 2022, while “spillover” containers have disappeared. Breakbulk volumes down sharply at Port Houston after 2022 ‘anomaly’ Journal of Commerce

US trucking firms adding jobs ahead of expected freight demand In preparation for produce season and retail sales, for-hire trucking companies are adding to their payrolls for the first time since October, though warehousing employment is still declining. US trucking firms adding jobs ahead of expected freight demand Journal of Commerce

US trucking market still seeking bottom, but a bounce is expected There is still room for spot truckload rates to fall, but rates and freight demand are likely to turn later in the second half, analysts say.  US trucking market still seeking bottom, but a bounce is expected Journal of Commerce