Category Archives for Industry News

Estes Express offers .3 billion for all of Yellow’s terminals  A ‘stalking horse bid’ from Estes, a rival trucking company, would set a floor for any competing bids for the more than 160 properties owned by Yellow. Estes Express offers .3 billion for all of Yellow’s terminals  Journal of Commerce

Shippers all over the map on H2 business outlook: J.B. Hunt While shippers using J.B. Hunt give conflicting answers on what the rest of this year will look like, the intermodal provider is strengthening its relationship with BNSF to prepare for the next upswing in demand. Shippers all over the map on H2 business outlook: […]

Shippers all over the map on H2 business outlook: J. B. Hunt While shippers using J. B. Hunt give conflicting answers on what the rest of this year will look like, the intermodal provider is strengthening its relationship with BNSF to prepare for the next upswing in demand. Shippers all over the map on H2 […]

Forwarders warn of substantial Q4 rise in Asia-Europe blank sailings Carriers will have to withdraw large amounts of capacity to prevent a freefall in rate levels that are expected to be undermined by rising capacity and subdued demand, according to forwarders. Forwarders warn of substantial Q4 rise in Asia-Europe blank sailings Journal of Commerce

FMC ‘refusal of service’ rule risks overreacting to pandemic market The proposed rulemaking shows how far the pendulum of power has swung in favor of shippers seeking to hold carriers accountable for practices that occurred during the pandemic, but which were rarely experienced prior to that period, writes Peter Tirschwell. FMC ‘refusal of service’ rule […]

Port Houston joins Portchain’s growing network for vessel arrival software Portchain has pulled in 76 container terminals into its vessel arrival coordination platform with carriers in the past 18 months, with Port Houston the latest to join. Port Houston joins Portchain’s growing network for vessel arrival software Journal of Commerce

Western Canadian cargo flow returning to normal following labor agreement The ports of Vancouver and Prince Rupert are clearing out the backlog of containers that built up during the two weeks of dockworker strikes in July, with no significant vessel, rail or trucking delays to report, according to stakeholders. Western Canadian cargo flow returning to […]

Zim bets on spot rates in challenging trans-Pacific market Despite the stability offered by contracted volume, the Israel-based carrier decided against locking in long-term rates at unsustainably low levels. Zim bets on spot rates in challenging trans-Pacific market Journal of Commerce

FMC walks tightrope on refusal of service rulemaking The clash between shippers and container lines highlights a major challenge for the FMC in finalizing rulemaking on when a carrier can refuse to serve shippers, most notably the risk that it could create a rule that’s so commercially restrictive that it’s unconstitutional. FMC walks tightrope on […]

Potential buyers look to pounce on Yellow assets up for sale More than 60 buyers are said to be scrutinizing the terminals and assets of defunct LTL carrier Yellow as freight volumes rise at its former US trucking competitors. Potential buyers look to pounce on Yellow assets up for sale Journal of Commerce