Category Archives for Industry News

Intermodal savings slip in second quarter, but could rise in Q3: ISI Truckload spot rates have risen slightly off the lows seen so far this year, though some trucking analysts do not expect a significant rebound in rates until early 2024. Intermodal savings slip in second quarter, but could rise in Q3: ISI Journal of […]

Estes expands use of Optym as LTL market deals with Yellow fallout Estes Express Lines has long used third-party software to amp up its service to customers, with an expansion of its partnership with less-than-truckload software provider Optym the latest example. Estes expands use of Optym as LTL market deals with Yellow fallout Journal of […]

Strong demand, tight tonnage boost earnings for ro/ro sector Longer term, global vehicle sales are expected to exceed pre-pandemic levels from 2024 onward, while high and heavy volumes are also expected to remain strong. Strong demand, tight tonnage boost earnings for ro/ro sector Journal of Commerce

ODFL, Estes wage billion-dollar bidding war for Yellow LTL terminals Control of Yellow’s real estate may determine who gets to expand in the less-than-truckload (LTL) sector, and who must scramble to find property. ODFL, Estes wage billion-dollar bidding war for Yellow LTL terminals Journal of Commerce

CEVA expands India footprint with contract logistics takeover The CMA CGM subsidiary’s latest acquisition will significantly increase its presence in South Asia that is growing in importance as supply chain routes shift across the region. CEVA expands India footprint with contract logistics takeover Journal of Commerce

Lack of market clarity undermines positive sentiment: OOCL The Cosco Shipping subsidiary noted that significant uncertainties over economic growth prospects and the huge injection of capacity into major trade lanes made forecasting difficult. Lack of market clarity undermines positive sentiment: OOCL Journal of Commerce

US July imports from Asia hit 11-month high, portending year-on-year fall growth The fresh data also showed – starkly – how the West Coast’s share of imports from Asia eroded during the 13 months of contentious contract negotiations between the ILWU and waterfront employers. US July imports from Asia hit 11-month high, portending year-on-year fall […]

Shippers reluctant to shoulder high cost of decarbonization: executives Getting shippers to commit to premium-priced, low-emissions shipping services is a hard sell for ocean carriers and forwarders as cargo owners enjoy rates that are now mostly below pre-pandemic levels after two years of record highs. Shippers reluctant to shoulder high cost of decarbonization: executives Journal […]

US shippers riding post-Yellow shockwaves as LTL freight shifts among carriers Some logistics managers report longer transit times and delivery delays, as well as higher costs, as remaining LTL providers divide the freight once hauled by Yellow.  US shippers riding post-Yellow shockwaves as LTL freight shifts among carriers Journal of Commerce

Wallenius Wilhelmsen orders up to 12 ro/ro ships amid market strength The carrier did not disclose the value of the vessel order, but shipbroking sources estimate the price of each ship at $140 million to $150 million, based on their size and multi-fuel capability.  Wallenius Wilhelmsen orders up to 12 ro/ro ships amid market strength […]