Category Archives for Industry News

J.B. Hunt brokerage acquisition deepens partnership with BNSF The division of BNSF Logistics between BNSF Railway and J.B. Hunt is aimed at helping to improve service to joint customers at a time when freight demand is weak. J.B. Hunt brokerage acquisition deepens partnership with BNSF Journal of Commerce

Logistics provider GXO buys PFSweb amid end-to-end fulfillment rush The deal comes on the heels of other acquisitions and new services launched this week at several logistics and transportation providers, all aimed at expanding their ability to deliver end-to-end global fulfillment services. Logistics provider GXO buys PFSweb amid end-to-end fulfillment rush Journal of Commerce

Possible MSC deal brings ‘respite’ for competition-hit HHLA: Drewry The carrier’s commitment to bring an additional 1 million TEUs a year across HHLA’s wharves in Hamburg if it wins a bid for almost half the company will come as an attractive sweetener for the terminal operator. Possible MSC deal brings ‘respite’ for competition-hit HHLA: Drewry […]

Low rates, poor service to mark trans-Pacific trade amid capacity boom Although importers can look forward to paying low freight rates at least into 2024 due to weak volumes and significant over-capacity in the trans-Pacific, aggressive capacity reductions through blank sailings will disrupt service levels, this week’s IANA conference was told. Low rates, poor service […]

Ocean carriers on India-US trade cut sailings to keep rates afloat The Indamex 2, the weekly loop touted as the fastest connection between West India and the US East Coast, is set to see a 50% capacity reduction for loads out of India in this month. Ocean carriers on India-US trade cut sailings to keep […]

Estes expands international forwarding, raises bid for Yellow terminals Estes Forwarding Worldwide, a subsidiary of the LTL trucking provider, is buying Superior Brokerage Services, a step that increases Estes’ ability to offer end-to-end logistics services as other providers look to do the same. Estes expands international forwarding, raises bid for Yellow terminals Journal of Commerce

Logistics software helping blur lines between forwarder, shipper processes: WiseTech CEO Richard White said in an interview with the Journal of Commerce the logistics industry is stuck in a pattern of tackling small problems instead of viewing international trade as a large connected system. Logistics software helping blur lines between forwarder, shipper processes: WiseTech CEO […]

Intermodal providers uncertain whether railroads are prepared for volume rebound Railroads told the IANA conference they have made important operational changes that will translate into reliable service when demand picks up, but some logistics companies are not convinced. Intermodal providers uncertain whether railroads are prepared for volume rebound Journal of Commerce

Forwarders now liable for export control violations as US tightens shipping security Washington is urging NVOs and forwarders to “know their customer,” a steep challenge for co-loaders who bundle multiple shipments for multiple customers into a single container, writes Journal of Commerce Executive Editor Mark Szakonyi. Forwarders now liable for export control violations as US […]

‘Golden Week’ surge turns to bust as trans-Pacific rates fall, blank sailings rise The gains in spot rates for ocean freight are eroding again as US importers see little need to book more space ahead of the holiday shopping season. ‘Golden Week’ surge turns to bust as trans-Pacific rates fall, blank sailings rise Journal of […]