Monthly Archives for May 2024

Public-private backing pushes Delaware’s Edgemoor terminal project forward The private-equity backed Enstructure unveiled a public-private partnership with Delaware that will eventually increase Wilmington’s annual capacity to more than 1.5 million TEUs. Public-private backing pushes Delaware’s Edgemoor terminal project forward Journal of Commerce

Post-pandemic inventory hangover hindering US alcohol imports After a two-year binge that left inventories bloated, demand for imported wine, beer and spirits dried up in 2023. Post-pandemic inventory hangover hindering US alcohol imports Journal of Commerce

FMC clarifies ocean carriers can still bill contracted truckers for D&D US maritime regulators seek to clear up what container lines saw as contradictory language on billing responsibility under detention and demurrage rulemaking finalized in late February and taking effect May 28. FMC clarifies ocean carriers can still bill contracted truckers for D&D Journal of […]

Wan Hai swings to profit in Q1 on rising rates, revenues Container spot rates on the key markets Wan Hai serves, including Asia–North America, intra-Asia and Asia–Latin America, have been steadily rising this year, helping push the carrier back into the black in the first quarter. Wan Hai swings to profit in Q1 on rising […]

Auto shippers tuned up to navigate new supply chain roadblocks: S&P The March collapse of the Francis Scott Key Bridge in Baltimore piled on yet another layer of disruption, while the Sept. 30 expiration of the existing labor contract for longshore workers on the East and Gulf coasts will make shippers more nervous. Auto shippers […]

Rising volumes, larger ships overwhelm West Mediterranean container hubs Carrier attempts to mitigate the extended transit times of sailing around southern Africa by increasing the use of transshipment in the Mediterranean are being frustrated by growing port congestion. Rising volumes, larger ships overwhelm West Mediterranean container hubs Journal of Commerce

Norfolk Southern CEO survives proxy battle Alan Shaw will remain in his position as CEO of Norfolk Southern, but Ancora Holdings gained leverage on the railroad’s board of directors, winning three seats. Norfolk Southern CEO survives proxy battle Journal of Commerce

Large US truckload carriers cutting more deeply into capacity The Journal of Commerce Truckload Capacity Index dropped to its lowest level since 2017 as large truckload carriers cut trucks loose, but excess capacity remains. Large US truckload carriers cutting more deeply into capacity Journal of Commerce

Expedited freight specialist targets food shippers with new service Candor Expedite’s new service is designed to let perishables shippers use lower-cost freight modes and reduce product spoilage. Expedited freight specialist targets food shippers with new service Journal of Commerce

‘Resilience’ to container shipping shocks fades in post-COVID era Despite the multitude of threats facing ocean shipping, there are indications those disruptions – active or potential — are not influencing the behavior of shippers nearly to the degree some may have hoped after the chaos wrought by the pandemic. ‘Resilience’ to container shipping shocks fades […]