Monthly Archives for July 2024

 Newark port project to give MSC’s terminal more room to grow The Port Authority of New York and New Jersey is looking to create more space for container operations with a multi-year project to move dry bulk operations from one port area to another.  Newark port project to give MSC’s terminal more room to grow […]

Rising LTL costs seen setting stage for non-asset options Uber Freight is managing a growing internal LTL network within Canada and cross-border trade, and others are looking for ways to create “alternative” LTL services. Rising LTL costs seen setting stage for non-asset options Journal of Commerce

Two niche ocean carriers team up in trans-Pacific as rates remain high SeaLead and TS Lines have a new vessel-sharing agreement within SeaLead’s recently launched Asia-US West Coast service, harkening back to the pandemic-era rush of new market entrants. Two niche ocean carriers team up in trans-Pacific as rates remain high Journal of Commerce

Early peak season demand drives big gain in ONE’s fiscal first quarter The Singapore-based carrier also said it is expecting to book an operating profit for its current financial year that is more than double its previous forecast despite a “highly uncertain” outlook for the rest of 2024. Early peak season demand drives big gain […]

Smaller forwarders tap into frustration of overheated ocean market Small and mid-sized forwarders that have watched the ocean shipping market play out this year are left to face the reality of a much-consolidated carrier base that has no qualms about driving up rates hard and fast when openings present themselves, writes Peter Tirschwell. Smaller forwarders […]

Knight-Swift acquisition expands LTL network coast-to-coast The takeover of Los Angeles-based Dependable Highway Express (DHE) allows Knight-Swift to reach 70% of the US population with its LTL services. Knight-Swift acquisition expands LTL network coast-to-coast Journal of Commerce

C.H. Robinson Worldwide sells European truck brokerage to focus on its ‘core’  The sale of EST to German-based brokerage ssender is part of a drive to strengthen operations that C.H. Robinson considers core to its business. C.H. Robinson Worldwide sells European truck brokerage to focus on its ‘core’  Journal of Commerce

Carriers limit box repositioning costs on backhaul Europe-Asia trade: Xeneta Vessels on the backhaul trade from Europe to Asia are sailing two-thirds empty, with spot rates on the trade lane falling sharply since February. Carriers limit box repositioning costs on backhaul Europe-Asia trade: Xeneta Journal of Commerce

Carriers limit box repositioning costs on back-haul Europe-Asia trade: Xeneta Vessels on the back-haul trade from Europe to Asia are sailing two-thirds empty, with spot rates on the trade lane falling sharply since February. Carriers limit box repositioning costs on back-haul Europe-Asia trade: Xeneta Journal of Commerce

Altana cash infusion shows investor appetite for supply chain risk tools The $200 million funding round cuts against the broader trend of venture capital investors pulling back from early and growth-stage supply chain and logistics startups. Altana cash infusion shows investor appetite for supply chain risk tools Journal of Commerce