Category Archives for Industry News

BNSF deploying cameras, drones to boost terminal cargo flow BNSF is testing the use of cameras on yard hostlers, poles and drones which can read and log the location of containers in the hopes of increasing fluidity through rail terminals. BNSF deploying cameras, drones to boost terminal cargo flow Journal of Commerce

Bidders hold back on first Gulf of Mexico wind lease auction   Beyond the supply chain snarls, permitting bottlenecks and high costs that are hampering offshore wind development generally, the Gulf is a less-than-ideal location for offshore wind compared to other parts of the US. Bidders hold back on first Gulf of Mexico wind lease […]

Tactical M&A activity likely to surface in under-pressure US 3PL market Lenders are being choosy about which domestic logistics deals they finance, giving an edge to acquirers with cash saved up from the pandemic. Tactical M&A activity likely to surface in under-pressure US 3PL market Journal of Commerce

CMA CGM closes deal for two New York-New Jersey marine terminals The completion of the terminal acquisitions gives the carrier a stronger footprint in the US’s largest East Coast gateway. CMA CGM closes deal for two New York-New Jersey marine terminals Journal of Commerce

ILWU ratifies new labor contract with West Coast waterfront employers Some 75% of union members participating in the vote agreed to ratify the tentative contract that was reached in mid-June, opening the door to labor peace at West Coast ports at least through mid-2028. ILWU ratifies new labor contract with West Coast waterfront employers Journal […]

Warning: EU ETS ahead Breakbulk carriers and their clients must prepare for the EUs new emissions trading system before the Jan. 1 start Warning: EU ETS ahead Journal of Commerce

Smaller LTL fleets gain freight, add terminals post-Yellow Regional LTL carrier A. Duie Pyle and point-to-point trucking firm Hercules Freight are finding opportunities to expand as shippers adjust to the loss of Yellow’s capacity. Smaller LTL fleets gain freight, add terminals post-Yellow Journal of Commerce

FMC publishes list of NVOCCs at risk of losing licenses over tariff non-compliance The move is part of an ongoing effort by the FMC to bolster the oversight of regulated entities through “informed compliance,” an agency spokesperson said. FMC publishes list of NVOCCs at risk of losing licenses over tariff non-compliance Journal of Commerce

FMC publishes list of NVOs at risk of losing licenses over tariff non-compliance The move is part of an ongoing effort by the FMC to bolster the oversight of regulated entities through “informed compliance,” an agency spokesperson said. FMC publishes list of NVOs at risk of losing licenses over tariff non-compliance Journal of Commerce

Carriers on course for healthy year despite tumbling profits: analyst A series of quarterly profit declines by container shipping lines will still not be enough to drag the industry into the red in 2023, says analyst John McCown. Carriers on course for healthy year despite tumbling profits: analyst Journal of Commerce