Monthly Archives for May 2023

NY-NJ terminals alter free time tariff as FMC rule on closed gates looms The rule changes will not have much of an initial cost impact on shippers as almost all New York-New Jersey terminals are closed on weekends and holidays, thereby not counting toward free time, and containers are now moving off the port faster. […]

Asian air cargo rates fall on rising capacity, cooling demand There are few signs of improvement in demand for air freight on major trade lanes out of Asia, while a steady increase in below deck belly capacity is adding to the downward pressure on rate levels. Asian air cargo rates fall on rising capacity, cooling […]

FMC post-OSRA complaint process secures million in relief for shipping interests Shippers, truckers and other transport interests have filed more than 287 complaints with the FMC since last June, mostly involving detention and demurrage billing. FMC post-OSRA complaint process secures million in relief for shipping interests Journal of Commerce

Ex-Slync CEO indicted over alleged misappropriation of company cash The indictment also alleges Chris Kirchner attempted to cover up his financial activities and fired employees who raised questions about them. Ex-Slync CEO indicted over alleged misappropriation of company cash Journal of Commerce

DOJ indicts ex-Slync CEO over alleged misappropriation of company cash The indictment also alleges Chris Kirchner attempted to cover up his financial activities and fired employees who raised questions about them. DOJ indicts ex-Slync CEO over alleged misappropriation of company cash Journal of Commerce

US warehouse vacancy rose in first quarter as demand waned CBRE’s latest figures on industrial real estate demand show the supply of new and existing warehouses grew faster than tenant demand, with vacancy spikes expected through 2023. US warehouse vacancy rose in first quarter as demand waned Journal of Commerce

project44 inks new partnership with container tracking vendor A container tracking hardware vendor behind Hapag-Lloyd’s deployment of dry box sensors is linking with supply chain visibility provider project44. project44 inks new partnership with container tracking vendor Journal of Commerce

Weak Southern California port volumes hurting domestic intermodal Activity at the ports of Los Angeles and Long Beach has a direct impact on the domestic intermodal market, large intermodal providers say, which is why rail volumes were so poor in the first quarter. Weak Southern California port volumes hurting domestic intermodal Journal of Commerce

Maersk says plunging, although profitable, Q1 will be its best for 2023 The rapid normalization of global cargo markets continues to drag down the financial results of carriers from the record highs of the past three years, with Maersk the latest line to report a sharp decline in first-quarter earnings and an uncertain outlook for […]

Maersk says plunging, though profitable, Q1 will be its best for 2023 The rapid normalization of global cargo markets continues to drag down the financial results of carriers from the record highs of the past three years, with Maersk the latest line to report a sharp decline in first-quarter earnings and an uncertain outlook for […]