Monthly Archives for May 2024

Outlook for US freight economy remains cloudy despite early import surge A rise in US imports is fueling optimism, especially among ocean carriers, but manufacturing’s malaise is tempering hopes for a broader transportation recovery. Outlook for US freight economy remains cloudy despite early import surge Journal of Commerce

CMA CGM turns to tech provider to boost invoice accuracy for key accounts The auditing initiative between the carrier and software vendor OpenEnvoy was kickstarted by CMA CGM’s ZEBOX technology incubator, which connects startups with entrenched logistics partners. CMA CGM turns to tech provider to boost invoice accuracy for key accounts Journal of Commerce

Destocking, Asian demand power rebound in North American resin exports With US manufacturers shrinking their plastics inventories, overseas buyers are taking up an even more important role for North American resins producers. Destocking, Asian demand power rebound in North American resin exports Journal of Commerce

Import surge boosting rail container dwells at some LA-LB marine terminals Yusen Terminals in Los Angeles is already holding twice its normal inventory of rail containers and is draying some of the boxes to a near-dock storage yard to prevent the backlog from interfering with cargo handling operations. Import surge boosting rail container dwells at […]

Resilient US economy, AI recharging US electronics imports US electronics imports are rebounding after a two-year decline as consumers replace devices purchased during the COVID-19 pandemic with newer products. Resilient US economy, AI recharging US electronics imports Journal of Commerce

Key rail executives back intermodal business despite questions over margins The chief executives of BNSF and UP argue that while shareholders judge them on financial metrics, it would be a mistake to shun intermodal business simply because its margins are not as good as hauling other types of freight. Key rail executives back intermodal business […]

XPO readies former Yellow terminals as LTL shipment count rises The third-largest US LTL provider is joining competitors renovating and opening terminals acquired from Yellow and expects to complete that work by early 2025. XPO readies former Yellow terminals as LTL shipment count rises Journal of Commerce

Capacity injection sends India-US spot rates sharply lower for May sailings ONE’s West India-North America Express (WIN) service is set to debut at Nhava Sheva with a May 12 call from the ONE Modern. Capacity injection sends India-US spot rates sharply lower for May sailings Journal of Commerce

Shippers, forwarders add tight ocean space to Asia-Europe market challenges European importers are shrugging off gloomy economic forecasts, but rising volume out of Asia is putting pressure on available capacity that is already stretched by longer transits around southern Africa. Shippers, forwarders add tight ocean space to Asia-Europe market challenges Journal of Commerce

Excess capacity hangs over recovering container market: Maersk CEO Sailing the longer voyages around southern Africa has allowed carriers to address their excess capacity challenges, but that is a short-term fix for a problem that is not going away, according to Vincent Clerc. Excess capacity hangs over recovering container market: Maersk CEO Journal of Commerce