Monthly Archives for July 2024

High ocean demand from Asia shows signs of peaking: DSV CEO Jens Lund believes the supply and demand balance on the major trade lanes is being restored as front-loaded shipments make their way through the supply chain. High ocean demand from Asia shows signs of peaking: DSV CEO Journal of Commerce

House approves bill authorizing harbor projects in Baltimore, Oakland The passage of the Water Resources Development Act in the House of Representatives brings Congress one step closer to authorizing major navigational projects at the two ports. House approves bill authorizing harbor projects in Baltimore, Oakland Journal of Commerce

UPS eyes growth in Mexico, plans for a strong peak season The acquisition of Mexican package company Estafeta gives UPS a full-fledged ground operation in Mexico that can link to its cross-border and global services. UPS eyes growth in Mexico, plans for a strong peak season Journal of Commerce

UPS eyes growth in Mexico and plans for a strong peak season The acquisition of Mexican package company Estafeta gives UPS a full-fledged ground operation in Mexico that can link to its cross-border and global services. UPS eyes growth in Mexico and plans for a strong peak season Journal of Commerce

High ocean rates, air cargo peak expected to elevate K+N H2 profit: CEO Kuehne + Nagel’s Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines reported across most of the forwarder’s financial metrics in the first half. High ocean rates, […]

US warehousing vacancies rise, but demand seen returning by 2025 Shrinking inventories have helped drive up warehouse vacancy rates and decreased utilization, but signs that demand is building point to a tightening market. US warehousing vacancies rise, but demand seen returning by 2025 Journal of Commerce

Ocean carriers face new FMC rules on dealing with US exporters The Federal Maritime Commission has set out the guidelines ocean carriers will need to follow to avoid claims from exporters that they are not being treated fairly. Ocean carriers face new FMC rules on dealing with US exporters Journal of Commerce

Expect rising air cargo rates through second half of year: DHL index The second half of 2024 is not likely to bring rate relief for shippers forced into the air by geopolitical events and trade tensions between the US and China. Expect rising air cargo rates through second half of year: DHL index Journal of […]

H1 breakbulk, ro/ro tonnage down at Rotterdam, Antwerp-Bruges Weaker demand, congestion and supply chain disruptions held back volumes at two of Europe’s largest breakbulk ports during the first six months of the year. H1 breakbulk, ro/ro tonnage down at Rotterdam, Antwerp-Bruges Journal of Commerce

Contract flexibility offers release valve for pressure of spot rate swings Ocean carriers and cargo owners should recognize that a very large gap between contract and spot rates creates stress and that it’s pragmatic to incorporate some flexibility into the contract, writes consultant Jeremy Masters. Contract flexibility offers release valve for pressure of spot rate […]