Category Archives for Industry News

LTL carrier Yellow reports m H1 loss after shutting down Yellow lost money in its last six months as shippers moved freight elsewhere and non-operating expenses, including debt payments and interest, consumed shrinking operating profits. LTL carrier Yellow reports m H1 loss after shutting down Journal of Commerce

Ongoing office worker contract lynchpin to West Coast labor peace Negotiators for shipping lines and office workers in Los Angeles-Long Beach report that progress is being made in the ILWU Local 63 Office Clerical Unit (OCU) contract negotiations, but the two sides have work to do on the issues of wages, pension benefits and technology. […]

Ongoing office worker contract talks the lynchpin to West Coast labor peace Negotiators for shipping lines and office workers in Los Angeles-Long Beach report that progress is being made in the ILWU Local 63 Office Clerical Unit (OCU) contract negotiations, but the two sides have work to do on the issues of wages, pension benefits […]

Hapag-Lloyd’s steel-floor container aims to mitigate growing global pest infestations The Hamburg-based carrier is testing a prototype container with a steel floor that is easier to repair and clean than traditional wooden floors, decreasing the chance of cargo contamination, particularly invasive pests. Hapag-Lloyd’s steel-floor container aims to mitigate growing global pest infestations Journal of Commerce

Falling air cargo rates remain elevated despite supply-demand imbalance Spot rates have fallen significantly over the past year, but there is still some way to go before prices are back to 2019 levels. Falling air cargo rates remain elevated despite supply-demand imbalance Journal of Commerce

Revamped Southeast chassis pool to charge ‘penalty fee’ to unregistered users Consolidated Chassis Management is asking cargo owners to encourage their trucking partners to sign up for the South Atlantic Chassis Pool (SACP) 3.0 before it launches in October. Revamped Southeast chassis pool to charge ‘penalty fee’ to unregistered users Journal of Commerce

Robust Asia–Med demand continues to outpace North Europe growth Despite unfavourable comparisons with last year, volume between Asia and the Mediterranean has surpassed that recorded in pre-pandemic 2019. Robust Asia–Med demand continues to outpace North Europe growth Journal of Commerce

US trucking hiring slowing amid soft freight demand The US economy is improving, but the gains in recent months haven’t translated into additional freight, nor an additional surge in trucking employment. US trucking hiring slowing amid soft freight demand Journal of Commerce

DB Schenker signs up to Hapag-Lloyd ‘book and claim’ green service The German forwarder aims to make significant cuts in emissions for customers on the ocean leg of their container transport. DB Schenker signs up to Hapag-Lloyd ‘book and claim’ green service Journal of Commerce

ILA seeks arbitration with carriers in new Leatherman suit The latest lawsuit from International Longshoremen’s Association ups the damages the union is seeking from ocean carriers that used the Port of Charleston’s Hugh K. Leatherman terminal. ILA seeks arbitration with carriers in new Leatherman suit Journal of Commerce