Monthly Archives for July 2024

West Coast ports say ready to handle peak season after front-loading surge The gateways say they are well-positioned to take on additional diversions from the East and Gulf coasts should an ILA strike occur after the current labor deal expires at the end of September. West Coast ports say ready to handle peak season after […]

Mixed Q2 result for CMA CGM as profits fall despite jump in volumes The Marseilles-based ocean carrier grew its revenue in the second quarter, but much of the growth came from its recently expanded logistics division. Mixed Q2 result for CMA CGM as profits fall despite jump in volumes Journal of Commerce

DB Schenker H1 earnings slip, but company extends profitable run The operating profit earned by the Deutsche Bahn subsidiary in the first six months of the year fell slightly but was more than double what it earned in the same period in pre-pandemic 2019. DB Schenker H1 earnings slip, but company extends profitable run Journal […]

McKinsey finds 90% pullback in logistics funding by VCs since pandemic A report from the consultancy pins lackluster funding into logistics startups on static freight demand and a steep decline in freight rates in 2023. McKinsey finds 90% pullback in logistics funding by VCs since pandemic Journal of Commerce

Bullish fundamentals portend solid peak season for air, ocean markets More than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters. Photo credit: K+N. Bullish fundamentals portend solid peak season for air, ocean markets Journal of Commerce

ODFL’s LTL freight volume rising despite soft industrial demand  More business from logistics partners and retailers helped increase daily shipment count for the second-largest US LTL provider, but year-over-year comps are about to get tougher. ODFL’s LTL freight volume rising despite soft industrial demand  Journal of Commerce

MSC restores trans-Pacific Liberty service with new call at Philadelphia The carrier said the move was a response to “ongoing robust demand” on the trade lane, becoming the second trans-Pacific service MSC has relaunched this year. MSC restores trans-Pacific Liberty service with new call at Philadelphia Journal of Commerce

MSC restores trans-Pac Liberty service with new call at Philadelphia The carrier said the move was a response to “ongoing robust demand” on the trade lane, becoming the second trans-Pacific service MSC has relaunched this year. MSC restores trans-Pac Liberty service with new call at Philadelphia Journal of Commerce

CN sees some diversion of intermodal freight to US amid labor uncertainty Ocean carriers and shippers are diverting some intermodal freight to US ports to counter the threat of a Teamsters strike against Canadian railroads. CN sees some diversion of intermodal freight to US amid labor uncertainty Journal of Commerce

PIL turns to software vendor to meet 2030 eBL target The Singapore-based ocean carrier is the fifth shipping line to use WaveBL’s electronic bill of lading product. PIL turns to software vendor to meet 2030 eBL target Journal of Commerce