Category Archives for Industry News

Rate collapse drags trans-Atlantic trade to loss-making levels: Hapag-Lloyd CEO Rolf Habben Jansen has hinted that capacity cuts on the trans-Atlantic could be made “fairly soon” as supply outstrips weak demand for US imports. Rate collapse drags trans-Atlantic trade to loss-making levels: Hapag-Lloyd CEO Journal of Commerce

Logistics technology investment slowing post-pandemic: survey A study of global logistics professionals around hurdles to technology investment found that respondents were uninterested in linking financial rewards with software adoption. Logistics technology investment slowing post-pandemic: survey Journal of Commerce

Forward Air looks to hook high-value shippers in Omni Logistics deal Omni’s international and US forwarding customers are expected to send more freight to Forward Air’s expedited less-than-truckload network in the US.  Forward Air looks to hook high-value shippers in Omni Logistics deal Journal of Commerce

New ships coming to trans-Pacific expected to overwhelm rate gains A sharp increase in new vessel deliveries over the coming weeks is forecast to put more pressure on ocean carriers to blank sailings — or face falling rates. New ships coming to trans-Pacific expected to overwhelm rate gains Journal of Commerce

Shippers offer mixed reaction to Dye’s proposals to fix container terminal flow The National Shipper Advisory Committee saw some good in the FMC commissioner’s ideas, but said without a clear path for implementation, businesses will continue to be hurt by detention and demurrage charges. Shippers offer mixed reaction to Dye’s proposals to fix container terminal […]

Terminal operators launch renewed push to expand in emerging markets Demand for container shipping in major destination markets remains subdued, so some of the world’s largest port operators are channeling their attention – and money – on growing business in emerging nations. Terminal operators launch renewed push to expand in emerging markets Journal of Commerce

Most India-Europe rates falter amid shrinking export volumes Average rates from West India to Europe and the Mediterranean have cooled between 10 to 15% from what carriers were quoting at the end of July, deepening the slide seen over the past year. Most India-Europe rates falter amid shrinking export volumes Journal of Commerce

Demand decline shrinks MSC’s lead atop US import carrier rankings No carrier was untouched by a 22.4% drop in containerized US imports through May, with 36 of the 40 largest lines registering year-over-year volume declines, according to the Journal of Commerce’s Top 40 Container Carriers by US Imports and Exports. Demand decline shrinks MSC’s lead […]

Asia-US container spot rates keep rising amid more blank sailings Spot rates in the eastbound trans-Pacific continue to move higher, although a planned general rate increase this week could be the last one for a while as carriers are scheduled to add a significant amount of new capacity into the global fleet beginning later this […]

BNSF Logistics turns to Trucker Tools for brokerage software Top 30 freight broker BNSF Logistics said it will use Trucker Tools software to improve visibility and freight matching for its surface transportation customers. BNSF Logistics turns to Trucker Tools for brokerage software Journal of Commerce