Category Archives for Industry News

Logistics technology market grappling with pandemic period overhiring A return to normal freight demand is part of the reason for layoffs across the logistics technology sector, but just as important is investor focus on cost controls and a path to profitability. Logistics technology market grappling with pandemic period overhiring Journal of Commerce

Global demand for high & heavy cargo drives secondary vessel ‘spillover’ market Breakbulk ro/ro shippers are hunting for solutions as carriers deal with high vessel charter rates, tight capacity and port congestion. Global demand for high & heavy cargo drives secondary vessel ‘spillover’ market Journal of Commerce

Global demand for high and heavy cargo drives secondary vessel ‘spillover’ market Breakbulk ro/ro shippers are hunting for solutions as carriers deal with high vessel charter rates, tight capacity and port congestion. Global demand for high and heavy cargo drives secondary vessel ‘spillover’ market Journal of Commerce

GPA’s Brunswick seeing significant growth in auto imports Brunswick’s growth comes amid rising automotive production, pent-up consumer demand and an easing of the semiconductor shortage that occurred during the pandemic. GPA’s Brunswick seeing significant growth in auto imports Journal of Commerce

Post-COVID ocean market has normalized, not collapsed: analyst It’s easy to paint developments in the global shipping market as extreme, but when context is provided, the market is on many levels almost boringly normal at present, writes analyst Lars Jensen. Post-COVID ocean market has normalized, not collapsed: analyst Journal of Commerce

Kontainers founder starts new shipper-focused rate management tech provider Most of the landscape for container rate management vendors has focused on tools for forwarders, leaving a gap in software targeting shippers. Kontainers founder starts new shipper-focused rate management tech provider Journal of Commerce

Post-strike recovery for Western Canadian ports measured in weeks, not days: sources Forwarders, shipping lines and trucking interests are advising their customers it will take weeks – possibly into September – for operations at Prince Rupert and Vancouver to return to normal. Post-strike recovery for Western Canadian ports measured in weeks, not days: sources Journal […]

CIMC, Singamas issue profit warnings on weak demand for new containers The expected declines followed a drop in demand for marine containers due to weakened economic and trade growth this year, both companies said in filings to the Hong Kong stock exchange. CIMC, Singamas issue profit warnings on weak demand for new containers Journal of […]

Anxious US shippers prepare for possible UPS strike, tighter LTL market  A Teamsters strike against UPS Aug. 1 and a shutdown of Yellow are not inevitable, but shippers are bracing for disruption and higher costs. Anxious US shippers prepare for possible UPS strike, tighter LTL market  Journal of Commerce

New Jersey union claims ILA blocked it from terminal construction project A union of construction equipment operators in New Jersey alleges the International Longshoremen’s Association sought to take away marine terminal work it was hired to perform. New Jersey union claims ILA blocked it from terminal construction project Journal of Commerce