Category Archives for Industry News

Rate recovery could buoy container shipping in H2: Cosco But in its interim earnings announcement, Cosco Shipping Holdings also maintained a cautious outlook due to challenges it cited, including the global economy, inflationary pressures in Europe and America, and the delivery of new vessels. Rate recovery could buoy container shipping in H2: Cosco Journal of […]

ABF’s LTL shipments, pricing jump after Yellow collapse ArcBest less-than-truckload (LTL) subsidiary ABF Freight is taking on additional volume and raising rates as a broad realignment of the US LTL sector gains speed. ABF’s LTL shipments, pricing jump after Yellow collapse Journal of Commerce

NVOs chase market share or margin in demand downslope Supply overcapacity coupled with mediocre freight demand has the top 25 trans-Pacific non-vessel-operating common carriers deciding whether to chase lower margin business or suffer volume losses. NVOs chase market share or margin in demand downslope Journal of Commerce

Sliding steel demand weighs on MPV sector Weak construction and manufacturing demand, inflation fears and continued economic uncertainty are weighing on global steel volumes, a key commodity for multipurpose vessels. Sliding steel demand weighs on MPV sector Journal of Commerce

Domestic container fluidity will pick up when volume rebounds: Schneider Schneider believes once demand picks up for rail transportation, the intermodal industry can return to pre-pandemic levels of productivity for containers. Domestic container fluidity will pick up when volume rebounds: Schneider Journal of Commerce

Pilot project aims to open more trucker slots in Los Angeles-Long Beach The Harbor Trucking Association is teaming with Yusen Terminals in Los Angeles to increase the number of appointment slots each day by cutting the container receiving window from two hours to 90 minutes. Pilot project aims to open more trucker slots in Los […]

Lawmakers push FMC to remove MTOs from demurrage billing requirements Two congressmen, backed by terminals operators, are insisting maritime regulators follow the congressional intent that underpins OSRA-22 or risk “severe” disruptions to the US supply chain. Lawmakers push FMC to remove MTOs from demurrage billing requirements Journal of Commerce

New LNG carbon inset product rolled out for container shipping market The insetting product enters an industry where there is currently a reluctance by cargo owners to pay premium prices for more eco-friendly shipping services. New LNG carbon inset product rolled out for container shipping market Journal of Commerce

Turbulence hampers US wind energy even as development picks up speed The wind energy industry must resolve a number of supply chain issues or has little chance of reaching the US’ 2030 goal for energy generation from onshore and offshore wind. Turbulence hampers US wind energy even as development picks up speed Journal of Commerce

US Court of Appeals to hear Evergreen detention case against FMC The carrier is looking to have an earlier ruling by the FMC reversed, arguing that the agency turned the incentive principle guiding cargo flow through US marine terminals “on its head.” US Court of Appeals to hear Evergreen detention case against FMC Journal of […]