Category Archives for Industry News

Chassis maker CIE halts US equipment imports CIE Manufacturing, a major manufacturer of new chassis, has suspended all imports of chassis into the US in response to an investigation by US customs officials. Chassis maker CIE halts US equipment imports Journal of Commerce

Chartering slump keeps MPV sector in August ‘doldrums’ Although the multipurpose vessel market is expected to further soften on weak charter activity in the third quarter, firmer demand is expected by the end of the year keeping certain sectors of the market, project carriers mainly, optimistic, analysts said. Chartering slump keeps MPV sector in August […]

MSC adds Italian airline to expanding air cargo offering AlisCargo will join MSC’s air freight division in early 2024 as the ocean carrier steadily builds out its global air network. MSC adds Italian airline to expanding air cargo offering Journal of Commerce

New China–South India string to boost rising intra-Asia capacity The latest China–India service follows the announcement of another new string from CULines and capacity increases from other carriers, including Pacific International Lines (PIL), Evergreen Marine and Regional Container Lines (RCL). New China–South India string to boost rising intra-Asia capacity Journal of Commerce

Market share holds key to recovery for US intermodal, truckload: analyst Regardless of where demand for intermodal and truckload freight transport moves over the coming months, the industry holds the key to its destiny in its own hands, writes analyst Larry Gross.  Market share holds key to recovery for US intermodal, truckload: analyst Journal of […]

Yellow seeks orderly ‘wind down’ amid bankruptcy filing The third-largest US less-than-truckload (LTL) carrier said Sunday it plans to use debtor-in-possession financing to support the sale of assets, while CEO Darren Hawkins blamed the Teamsters union for its collapse. Yellow seeks orderly ‘wind down’ amid bankruptcy filing Journal of Commerce

ILWU Canada contract ratification ensures BC port peace The disruption laid bare the limits the Trudeau government will exercise to push both sides to a deal that was ratified Friday by longshore union membership at the ports of Vancouver and Prince Rupert. ILWU Canada contract ratification ensures BC port peace Journal of Commerce

Maersk’s lagging ‘integrator’ plan now needs to winnow costs: Clerc Maersk has invested $10.5 billion in its logistics and services business to date, but results are falling behind plan after last year’s volumes evaporated. Maersk’s lagging ‘integrator’ plan now needs to winnow costs: Clerc Journal of Commerce

XPO plans to add capacity as LTL freight volumes surge Shipment volume at the third-largest LTL carrier in the US jumped nearly 9% in July from a year ago and 3.2% from June as shippers moved freight away from rival carrier Yellow. XPO plans to add capacity as LTL freight volumes surge Journal of Commerce

Shippers in control as summer slump, surplus space cuts air cargo rates Air cargo capacity continues to grow through the summer, outpacing weak demand from major destination markets with no sign yet of any turnaround. Shippers in control as summer slump, surplus space cuts air cargo rates Journal of Commerce