Category Archives for Industry News

Data shows US in midst of extended period of inventory drawdowns: analyst Inventory drawdowns and right-sizing will keep Asia to US container and air freight volumes soft well into 2024, writes analyst Jason Miller. Data shows US in midst of extended period of inventory drawdowns: analyst Journal of Commerce

FMC’s Bentzel seeks industry input for agency’s data initiative With a formal request for information, Federal Maritime Commissioner Carl Bentzel believes the agency is introducing a more “transparent and inclusive process” with stakeholders when it comes to policymaking. FMC’s Bentzel seeks industry input for agency’s data initiative Journal of Commerce

MSC reconnects India to Asia-USWC string as contract rates tick higher MSC, which has implemented large-scale network realignments in recent months, halted Indian calls on the Sentosa service in April when it opened a standalone intra-Asia loop. MSC reconnects India to Asia-USWC string as contract rates tick higher Journal of Commerce

Revised terminal leases give PANYNJ cut of CMA CGM’s demurrage revenue The Port Authority of New York and New Jersey said the new leases attempt to “strike a balance” to reflect current market realities, but other MTO sources called the practice of sharing demurrage uncommon. Revised terminal leases give PANYNJ cut of CMA CGM’s demurrage […]

US shippers should begin planning now for potential 2024 disruptions: analyst In addition to the typical annual planning, like for budgets and freight rates, US importers need to start weighing contingency plans for two potentially disruptive occurrences next year – continued low-water levels along the Panama Canal and the expiration of the International Longshoremen’s Association […]

Hamburg follows North Europe port rivals with H1 volume decline Weak European demand for containerised trade through the first half is hurting port throughput at the region’s top three gateways, but signs are emerging of recovering volume on certain routes. Hamburg follows North Europe port rivals with H1 volume decline Journal of Commerce

NS delays Atlanta appointment system after Memphis rollout woes Norfolk Southern’s launch of an appointment system for import boxes in Memphis has not been smooth, but the railroad hopes to learn from the problems to make the October rollout in Atlanta better. NS delays Atlanta appointment system after Memphis rollout woes Journal of Commerce

Spot rate gains puts pressure on shippers delaying Asia-Europe contracts: Xeneta Additional upwards pressure might soon be brought to bear on spot rates, with forwarders expecting carriers to ramp up blank sailings through the fourth quarter to mitigate a significant injection of new capacity. Spot rate gains puts pressure on shippers delaying Asia-Europe contracts: Xeneta […]

Carriers hold fast to trans-Pac capacity cuts amid unclear import demand Blank sailings during August held largely steady from July as the outlook for US import demand remains unclear, according to forwarders. Carriers hold fast to trans-Pac capacity cuts amid unclear import demand Journal of Commerce

M&A activity in 3PL sector continues as investment firm acquires Ascent Two weeks after Forward Air acquired forwarder Omni Logistics, a private investment fund has taken over expedited third-party logistics provider Ascent Global Logistics. M&A activity in 3PL sector continues as investment firm acquires Ascent Journal of Commerce