Monthly Archives for June 2024

Ocean carriers unable to cover demand despite huge capacity injection An early start to the peak seasons on the trans-Pacific and Asia-Europe trades has left shippers fighting for space with no sign of a respite from soaring rates and deteriorating service levels. Ocean carriers unable to cover demand despite huge capacity injection Journal of Commerce

FedEx to ‘reassess’ LTL division’s future in bid to leverage recent success As FedEx Freight increases revenue and profitability, the transportation and logistics company is considering potential steps to “unlock sustainable shareholder value.” FedEx to ‘reassess’ LTL division’s future in bid to leverage recent success Journal of Commerce

SC Ports strikes deal with ILA to fully open Leatherman marine terminal The Port of Charleston and the International Longshoremen’s Association are ending a long-running fight over crane jobs at the terminal by allowing operators to decide whether to join the union, SC Ports strikes deal with ILA to fully open Leatherman marine terminal Journal […]

Shippers urge FMC to address shifting dates for dropping off exports US exporters face unexpected costs and delays due to changes in dates for dropping off containers, which the FMC hopes to address with more consistent data. Shippers urge FMC to address shifting dates for dropping off exports Journal of Commerce

Huge volume highlights need for e-commerce special handling code: IATA With more than 80% of e-commerce transported as air cargo, there are growing safety and transparency issues given the minimal view provided of what is actually inside the parcels. Huge volume highlights need for e-commerce special handling code: IATA Journal of Commerce

In tight capacity ocean market, shippers reap what they sow The current tight capacity in the container shipping market is helping to shine a light on the mistake some shippers make when playing hardball in contract negotiations with carriers, writes an industry veteran and consultant. In tight capacity ocean market, shippers reap what they sow […]

Carriers halt India bookings to Europe, US amid capacity crunch: forwarders Sources are reporting a “sold-out window” for spot bookings on most services connecting the two trade lanes through a large part of July. Carriers halt India bookings to Europe, US amid capacity crunch: forwarders Journal of Commerce

Early peak shipping season shows no sign of slowing: Yang Ming CFO The carrier executive said the disruption to shipping schedules caused by vessel diversions around southern Africa has created a “chaotic situation” due to blank sailings, port congestion and skipped vessel calls, especially in Southeast Asia. Early peak shipping season shows no sign of […]

Carriers cutting back on vessel space allotments for NVOs, retailers: sources The capacity cuts come as ocean bookings in the eastbound trans-Pacific are climbing sharply because US-based importers who had planned to ship their merchandise during the traditional August-through-October peak season are scrambling to book space early. Carriers cutting back on vessel space allotments for […]

Kazakhstan Railways embarks on ‘Maersk style’ integrated logistics transformation The state-owned rail operator believes it can leverage soaring demand for China-Europe rail freight to develop a multimodal service offering underpinned by a strong air cargo network. Kazakhstan Railways embarks on ‘Maersk style’ integrated logistics transformation Journal of Commerce