Category Archives for Industry News

Latest push in House for US shipping reform stalls, for now Stalled since May, the Ocean Shipping Reform Technical Act of 2023 may never be taken up by the House of Representatives as regulators are still struggling to implement last year’s original legislation. Latest push in House for US shipping reform stalls, for now Journal […]

Panama Canal delays raise risks for shippers, but not yet biting The Panama Canal’s limits on vessel drafts and transits have yet to make big impact on container shipping, but at least one forwarder is warning shippers not to be complacent. Panama Canal delays raise risks for shippers, but not yet biting Journal of Commerce

No US freight rebound until 2024: analysts  The current freight downturn could continue until mid-2024, thanks to lower manufacturing output, high levels of employment and excess capacity, experts told the Journal of Commerce Thursday. No US freight rebound until 2024: analysts  Journal of Commerce

Yang Ming, Wan Hai end profitable runs with Q2 loss The rapid normalization of container shipping markets claimed its first victims as tumbling rate levels dragged Yang Ming and compatriot carrier Wan Hai into the red in the second quarter. Yang Ming, Wan Hai end profitable runs with Q2 loss Journal of Commerce

ILA flexes to fight on multiple beachheads Sources say USMX has made the ILA an offer on par with the increases the ILWU secured in its latest contract. However, the ILA also wants stronger protections for work jurisdiction and automation. ILA flexes to fight on multiple beachheads Journal of Commerce

Omni Logistics purchase to expand Forward Air’s LTL, global reach The merger of third-party logistics provider Omni and expedited less-than-truckload (LTL) carrier Forward Air will create a more multimodal LTL network focused on high-value freight. Omni Logistics purchase to expand Forward Air’s LTL, global reach Journal of Commerce

Logistics industry tiptoeing toward AI adoption: Freightos research Shippers and forwarders recently surveyed by Freightos believe artificial intelligence will reduce headcounts in the logistics industry, even if they have yet to figure out how best to use the still-emerging technology. Logistics industry tiptoeing toward AI adoption: Freightos research Journal of Commerce

Convoy promises on-time truckload deliveries with new guaranteed product Targeting industrial and retail shippers that need expensive expedited services to meet stringent on-time metrics, freight broker Convoy is offering a product that guarantees shipments will be delivered within a pre-determined 30-minute window. Convoy promises on-time truckload deliveries with new guaranteed product Journal of Commerce

Hapag-Lloyd, HMM predict H2 demand pickup amid faltering profits The first half results of Hapag-Lloyd and HMM mirror those reported by their peers, with earnings severely challenged by the rapidly normalizing market. Hapag-Lloyd, HMM predict H2 demand pickup amid faltering profits Journal of Commerce

Parish lawsuit won’t derail new terminal project: Port NOLA CEO A district attorney for the parish that would be home to the proposed new Louisiana International Terminal alleges the Port of New Orleans has no legal basis to operate there. Parish lawsuit won’t derail new terminal project: Port NOLA CEO Journal of Commerce