Monthly Archives for April 2024

South Korea plans billion program to double container ship capacity The government’s latest move to increase the size of the national fleet has reportedly led HMM to reevaluate its own five-year expansion plan to invest around $11 billion, including funds for new vessels. South Korea plans billion program to double container ship capacity Journal of […]

India-US ocean rates continue steady retreat from Red Sea-induced boost Still, more capacity is on the way for India-US shippers, with Ocean Network Express due to start its new West India-USEC standalone connection in late May. India-US ocean rates continue steady retreat from Red Sea-induced boost Journal of Commerce

NWSA unveils incentive program to boost carrier, rail and terminal performance The $11 million program that seeks to boost schedule reliability and volumes comes as the Seattle-Tacoma gateway saw its share of US imports from Asia decline year over year in February. NWSA unveils incentive program to boost carrier, rail and terminal performance Journal of […]

US import surge comes amid restocking, but puts port fluidity in the crosshairs The import strength goes beyond restocking, showing the impact of a recovery in housing and the US manufacturing resurgence, writes Peter Tirschwell. US import surge comes amid restocking, but puts port fluidity in the crosshairs Journal of Commerce

Spectacle of shipping disruptions overshadows manageable impact to cargo The shipping industry’s ability to overcome physical disruptions such as the Port of Baltimore’s closure shouldn’t lull it into complacency because growing geopolitical threats could provide new obstacles that can’t be as easily managed, writes Journal of Commerce Executive Editor Mark Szakonyi. Spectacle of shipping disruptions […]

Spectacle of shipping disruptions overshadows manageable impact to cargo flow The shipping industry’s ability to overcome physical disruptions such as the Port of Baltimore’s closure shouldn’t lull it into complacency because growing geopolitical threats could provide new obstacles that can’t be as easily managed, writes Journal of Commerce Executive Editor Mark Szakonyi. Spectacle of shipping […]

Shift to eBLs would mean big cut in carbon emissions: study The study, commissioned by the Global Shipping Business Network, comes amid a commitment by nine of the top 10 global ocean carriers to only use electronic bills of lading by 2030. Shift to eBLs would mean big cut in carbon emissions: study Journal of […]

Sustained demand for e-commerce to lift 2024 air cargo market: forwarders Chinese e-commerce marketplaces are rapidly expanding their global reach as strong demand from online shoppers in the US and Europe drives up air freight volumes and keeps transport capacity tight. Sustained demand for e-commerce to lift 2024 air cargo market: forwarders Journal of Commerce

Norfolk expands hours to handle cargo volumes shifted from Baltimore The US DOT has also offered some relief, granting an exemption that permits truck drivers to work an additional two hours of drive time beyond federal limits if the cargo is connected to the Port of Baltimore closure. Norfolk expands hours to handle cargo volumes […]

Lineage Logistics links US, Canadian cold storage networks with new service A cross-border temperature-controlled truckload and LTL service will connect key facilities in the company’s North American cold-chain distribution network. Lineage Logistics links US, Canadian cold storage networks with new service Journal of Commerce