Monthly Archives for April 2024

Portland seeks state aid to maintain container business through 2024 The port said it has gotten its two ocean carriers to pay higher terminal fees to help offset growing losses, but wants a third-party operator to come in to keep its container business viable. Portland seeks state aid to maintain container business through 2024 Journal […]

US freight demand still soft but ‘broadly consistent’: Cass There are signs of growth in the latest Cass Freight Index, but US transportation markets lack a catalyst that would accelerate volumes. US freight demand still soft but ‘broadly consistent’: Cass Journal of Commerce

Large loads to Europe stranded in Indian ports after MSC Aries seizure According to local port berthing updates, the Aries had an estimated time of arrival in Nhava Sheva of April 16, with some 2,400 containers planned for loading out of the port. Large loads to Europe stranded in Indian ports after MSC Aries seizure […]

Hapag-Lloyd to target BCO growth in move to ‘rebalance business’ The carrier has pledged to remain loyal to its core container shipping segment but at the same time is rapidly expanding its terminal business and increasing its share of inland transport capacity. Hapag-Lloyd to target BCO growth in move to ‘rebalance business’ Journal of Commerce

CMA CGM Air Cargo enters key trans-Pacific market amid e-commerce boom With Asia-Europe services already served by 12 weekly flights out of Paris, the addition of an Asia-US network will fill a crucial gap in the airline’s global coverage. CMA CGM Air Cargo enters key trans-Pacific market amid e-commerce boom Journal of Commerce

Activist investor makes leadership, service pitch to NS shareholders Ancora Holdings is trying to unseat Norfolk Southern’s current leadership in part because of mistakes it believes the railroad’s executives have made in the intermodal business. Activist investor makes leadership, service pitch to NS shareholders Journal of Commerce

HMM unveils ambitious plan to double container fleet, capacity by 2030 The carrier’s expansion strategy also includes further investment in container terminals and doubling its bulk shipping capacity. HMM unveils ambitious plan to double container fleet, capacity by 2030 Journal of Commerce

Threat of pro-Palestinian demonstration shuts Oakland’s marine terminals All four container terminals at the Port of Oakland were closed for the day shift on Monday as demonstrators protesting the war in Gaza shut down a nearby major freeway and threatened to picket at the port. Threat of pro-Palestinian demonstration shuts Oakland’s marine terminals Journal of […]

New risk factor flares in Middle East after seizure of MSC Aries by Iran The taking of the container ship and its crew by Iranian forces comes as Red Sea attacks on shipping by Tehran-backed Houthi rebels in Yemen have forced virtually all commercial vessels to divert around southern Africa. New risk factor flares in […]

New risk factor flares in Middle East after seizure of MSC Aires by Iran The taking of the container ship and its crew by Iranian forces comes as Red Sea attacks on shipping by Tehran-backed Houthi rebels in Yemen have forced virtually all commercial vessels to divert around southern Africa. New risk factor flares in […]