Monthly Archives for June 2024

Samsung FMC complaint alleges thousands of inaccurate fees assessed by HMM The volume of complaints filed to the US maritime regulator against shipping lines and forwarders has surged since OSRA-22 became law. Samsung FMC complaint alleges thousands of inaccurate fees assessed by HMM Journal of Commerce

Capacity oversupply keeps India-US East Coast rates in decline The continuing rate softness comes as some carriers prepare to implement peak season surcharges ranging from $500 to $750 per container on Indian loads to the East Coast, mostly from June 15. Capacity oversupply keeps India-US East Coast rates in decline Journal of Commerce

ILA halts talks over new contract until Maersk, APM clarify port IT projects The International Longshoremen’s Association said it has called off talks for a new six-year labor agreement due to automation efforts at Maersk-operated marine terminals. ILA halts talks over new contract until Maersk, APM clarify port IT projects Journal of Commerce

US trucking hiring falters in May on low freight demand Last month’s actual trucking employment gain was lower than expected, as the US economy added more jobs in service industries such as hospitality and healthcare.  US trucking hiring falters in May on low freight demand Journal of Commerce

Project cargo as measured by volume means greater pull on capacity Often oddly shaped or very heavy, project cargo does not necessarily consume all the deadweight space on a given vessel. Project cargo as measured by volume means greater pull on capacity Journal of Commerce

Saia still benefiting from Yellow’s collapse as US LTL market resets Saia’s 18.6% year-over-year gain in LTL shipments in May underscores the ongoing impact of Yellow’s bankruptcy, while larger ODFL reports smaller “Yellow-free” gains in volume. Saia still benefiting from Yellow’s collapse as US LTL market resets Journal of Commerce

Ocean disruption modal shift puts air cargo on course for solid 2024 Cargo owners battling to find space on ships filled by an unseasonal demand surge are taking all available air freight capacity out of Asia, the Middle East and India, with rate levels rising accordingly. Ocean disruption modal shift puts air cargo on course […]

Sale of remaining Yellow terminals stalls amid court battles  Yellow still has 130 terminals that could be sold, but they’re not quite ready for the auction block, bankruptcy court testimony revealed this week. Sale of remaining Yellow terminals stalls amid court battles  Journal of Commerce

Navigating cargo preference is key to US energy buildout Managing federal funding requires transparency, early coordination between logistics and finance, and early planning with MARAD in mind. Navigating cargo preference is key to US energy buildout Journal of Commerce

Google researchers take aim at liner network design challenge The thorny issue of running more efficient ocean carrier networks on a global scale has been a long-term quandary for liners and the software vendors catering to them. Google researchers take aim at liner network design challenge Journal of Commerce