Monthly Archives for August 2024

PSA’s takeover of Polish forwarder extends regional reach in Europe Acquiring a majority stake in Loconi International continues the Singapore-based terminal operator’s growth strategy designed to expand control of its cargo handling beyond the quay. PSA’s takeover of Polish forwarder extends regional reach in Europe Journal of Commerce

Tight capacity, expected demand bolster August MPV indices An “unbroken faith” in the underlying strength of the breakbulk market is pushing up indices and bolstering the optimism of multipurpose carriers, analysts say. Tight capacity, expected demand bolster August MPV indices Journal of Commerce

CIRB ruling means Canadian rail strike could happen on Aug. 22 A potential strike by Canada’s two railroads, while an “inconvenience,” would not pose an “immediate and serious danger” to the public, the Canadian Industrial Relations Board ruled Friday. CIRB ruling means Canadian rail strike could happen on Aug. 22 Journal of Commerce

Ningbo explosion closes port, adds to worsening Asian bottlenecks The closure of one of China’s busiest container ports will add to the lengthening vessel delays being seen on the main Asian export trade lanes, while North Europe grapples with its own congestion woes on the other end. Ningbo explosion closes port, adds to worsening Asian […]

Logtech investment slump signals pivot from disruption to enablement Despite the nearly $140 billion invested in logistics startups globally from 2012 through 2023, most of the industry’s major inefficiencies remain and the underlying structure of the industry has hardly changed. Logtech investment slump signals pivot from disruption to enablement Journal of Commerce

Ocean carriers need skillful capacity control to navigate coming rate decline When the tide turns, liners will need to show agility to avoid going from mega-profits to red ink, writes Jeremy Masters. Ocean carriers need skillful capacity control to navigate coming rate decline Journal of Commerce

Walmart offering China sellers ocean, customs pathway to US buyers The retail giant will enable sellers using its US fulfillment services to access its negotiated ocean rates for full containers from Yantian, Shanghai and Ningbo. Walmart offering China sellers ocean, customs pathway to US buyers Journal of Commerce

‘Near-record surge’ possible for US imports in August: retail group With the potential for labor disruption looming at the end of September, the Global Port Tracker has again upgraded its short-term forecast for imports, saying it expects year-over-year monthly increases at least through the end of the year. ‘Near-record surge’ possible for US imports in […]

US intermodal savings rose in Q2 for spot loads, unchanged on contract business The average contract cost savings for a shipper choosing intermodal rail over truckload in the US was just over 25% in the second quarter, according to the latest Journal of Commerce Intermodal Savings Index. US intermodal savings rose in Q2 for spot […]

3PLs claiming LTL freight gains from US customers, carriers Some non-asset logistics providers are adding LTL volume and revenue as truckload brokerage keeps declining.  3PLs claiming LTL freight gains from US customers, carriers Journal of Commerce