Maersk’s new Boeing freighter flies into China-Europe service The carrier wants a third of its air cargo volume to be handled within an owned and controlled network as part of its integrated logistics strategy. Maersk’s new Boeing freighter flies into China-Europe service Journal of Commerce
Read More →Slync founder Kirchner gets 20-year prison sentence for misuse of funds
on July 12, 2024in Industry News
Slync founder Kirchner gets 20-year prison sentence for misuse of funds The former CEO of the now bankrupt logistics software vendor has landed in federal prison after a high-profile saga that began with Slync employees not getting paid for weeks in 2022. Slync founder Kirchner gets 20-year prison sentence for misuse of funds Journal of […]
Read More →Taiwan's Big Three carriers post near-record H1 revenues amid soaring rates
on July 11, 2024in Industry News
Taiwan’s Big Three carriers post near-record H1 revenues amid soaring rates Ocean carriers have seen freight rates on key trans-Pacific and Asia-Europe trades double and triple since the start of the year amid a capacity crunch and supply chain disruptions. Taiwan’s Big Three carriers post near-record H1 revenues amid soaring rates Journal of Commerce
Read More →High ocean rates slam brakes on European imports of low-margin goods
on July 11, 2024in Industry News
High ocean rates slam brakes on European imports of low-margin goods Some imports from Asia are being priced out of the market with container shipping costs on the westbound trade almost seven times higher than this time last year. High ocean rates slam brakes on European imports of low-margin goods Journal of Commerce
Read More →Software vendors eye ocean bookings as linchpin for broader digitization
on July 11, 2024in Industry News
Software vendors eye ocean bookings as linchpin for broader digitization While the industry has focused on areas like tracking and quoting, advancements in booking technology portend new potential for digitizing containerized supply chains. Software vendors eye ocean bookings as linchpin for broader digitization Journal of Commerce
Read More →Asia-USWC spot rates edge lower as new capacity takes edge off overheated market
on July 11, 2024in Industry News
Asia-USWC spot rates edge lower as new capacity takes edge off overheated market Forwarders expect the rate decline to accelerate in the coming weeks after carriers launched or reinstated 10 services into the eastbound trans-Pacific. Asia-USWC spot rates edge lower as new capacity takes edge off overheated market Journal of Commerce
Read More →Ro/ro market still sizzling despite added tonnage, tariff threats
on July 10, 2024in Industry News
Ro/ro market still sizzling despite added tonnage, tariff threats Automobile shipments, especially electric vehicles from China, are strong, while high container rates and capacity shortages are pushing breakbulk, project cargo and equipment shippers toward the ro/ro sector. Ro/ro market still sizzling despite added tonnage, tariff threats Journal of Commerce
Read More →Changing booking environment for ocean freight key to DCSA’s traction
on July 10, 2024in Industry News
Changing booking environment for ocean freight key to DCSA’s traction Electronic booking standards across ocean carriers would make it easier for shippers and forwarders to do business with a range of capacity providers, says the Digital Container Shipping Association. Changing booking environment for ocean freight key to DCSA’s traction Journal of Commerce
Read More →Capacity overplay, dipping volumes put elevated China-India rates in reverse
on July 10, 2024in Industry News
Capacity overplay, dipping volumes put elevated China-India rates in reverse Forwarders cited two plausible factors for the price move – excess capacity pumped into the market and a moderation in cargo booking demand due to improved shipper inventory levels. Capacity overplay, dipping volumes put elevated China-India rates in reverse Journal of Commerce
Read More →German container ports hit by two-day ‘warning‘ strikes
on July 10, 2024in Industry News
German container ports hit by two-day ‘warning‘ strikes An ongoing wage dispute between the ver.di union and port employers is continuing to disrupt operations at some of the busiest container shipping hubs in North Europe. German container ports hit by two-day ‘warning‘ strikes Journal of Commerce
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