Category Archives for Industry News

Underlying US LTL demand ‘relatively consistent’ post-Yellow: ODFL While the country’s second-largest LTL provider gained shipments in August after the demise of Yellow, it sees no signs that overall freight demand is improving. Underlying US LTL demand ‘relatively consistent’ post-Yellow: ODFL Journal of Commerce

ITS Long Beach container terminal to close amid search for new carriers After losing two major services in less than a year, ITS will close early next month while it attempts to find customers to make up for the volume shortfall in the ongoing down market. ITS Long Beach container terminal to close amid search […]

CORRECTION: ITS Long Beach to remain open amid search for new carriers Although the ITS terminal in Long Beach lost two major services in less than a year, the facility will remain open while it attempts to find customers to make up for the volume shortfall in the ongoing down market. CORRECTION: ITS Long Beach […]

Drayage industry faces technology dilemma in down freight market While the importance of drayage came to the fore during the pandemic, the current freight hangover is cramping the sector’s ability to take advantage of technology options on the market. Drayage industry faces technology dilemma in down freight market Journal of Commerce

Zim, MSC ink cooperation deal on services linking Asia, Europe and Med Facing an operating loss of up to $500 million for 2023, Zim hopes the sharing arrangement with its larger competitor will help drive efficiencies “amidst continued near-term headwinds.” Zim, MSC ink cooperation deal on services linking Asia, Europe and Med Journal of Commerce

Maersk, Amazon ink 20,000-FEU green fuel transport deal The agreement involves the latest in a series of alternative fuel products being rolled out by major ocean carriers and global forwarders as regulators tighten emissions controls. Maersk, Amazon ink 20,000-FEU green fuel transport deal Journal of Commerce

Clark departs Flexport amid differences with founder over strategic shift A difference of opinion over Flexport’s strategic shift toward fulfillment aimed at small businesses has prompted CEO Dave Clark to depart the company only a year after he came aboard. Clark departs Flexport amid differences with founder over strategic shift Journal of Commerce

US LTL carriers gain freight, but employment plummets post-Yellow Saia and XPO are the latest LTL carriers to report volume gains in August, a month when trucking employment dropped more than 2% following Yellow’s shutdown. US LTL carriers gain freight, but employment plummets post-Yellow Journal of Commerce

Hapag-Lloyd miss on HMM highlights shipping’s lack of level playing field: analyst There is nothing fundamentally wrong with countries protecting their shipping interests, but there are always ripple effects on the commercial side that benefit some stakeholders and disadvantage others, writes analyst Lars Jensen. Hapag-Lloyd miss on HMM highlights shipping’s lack of level playing field: […]

Targeted replenishment thins US inventories without raising freight demand  Inventories are falling, but orders and shipments aren’t necessarily climbing as US retailers seek greater “inventory productivity” by closely tracking customer demand.  Targeted replenishment thins US inventories without raising freight demand  Journal of Commerce