Category Archives for Industry News

Creditors give Yellow more time for potential talks with Teamsters Yellow’s lenders, including the US government, gave the company short-term waivers for certain loan conditions, extending its “runway” for winning Teamster support for a restructuring plan. Creditors give Yellow more time for potential talks with Teamsters Journal of Commerce

Trans-Pacific carriers altering port rotations to avoid strike-hit Vancouver ILWU Canada and employers are engaging with federal mediators as a backlog of vessels builds outside of Vancouver and Seattle-Tacoma as the Western Canadian dockworker strike enters its second week. Trans-Pacific carriers altering port rotations to avoid strike-hit Vancouver Journal of Commerce

Volume boost, construction snarls Jacksonville’s Blount Island drayage traffic The problems flared in recent weeks after Ocean Network Express shifted a vessel service out of Jacksonville’s other primary container terminal, Dames Point, causing a volume imbalance between the two terminals. Volume boost, construction snarls Jacksonville’s Blount Island drayage traffic Journal of Commerce

Softening summer market weighs on Toepfer multipurpose vessel index Expected demand for wind cargo, among other factors, is still driving underlying optimism in the MPV sector, but a wind turbine tech “arms race” could cast a long shadow. Softening summer market weighs on Toepfer multipurpose vessel index Journal of Commerce

US trucking companies adds jobs, but employees work fewer hours For-hire trucking companies have been expanding their workforce since February, but a soft freight market is cutting into weekly hours worked by drivers and dockworkers, BLS data shows. US trucking companies adds jobs, but employees work fewer hours Journal of Commerce

Prior NY-NJ empty container woes linked to FMC complaint against Hapag-Lloyd  The carrier is the target of another shipper complaint regarding demurrage and detention fees, this time the indirect result of empty container congestion at the Port of New York and New Jersey. Prior NY-NJ empty container woes linked to FMC complaint against Hapag-Lloyd Journal […]

US imports building toward August peak, but labor concerns weigh: retailers The Global Port Tracker says prospects for a recession in the second half of the year are dimming and imports should increase as consumer demand ticks up and retailers reduce the inventory overhang that has kept warehouses full over the past year. US imports building […]

Revised IMO emissions targets set clear timeline: shipping groups The London meeting of the IMO’s environment committee has upgraded its emissions goals, but it is only the starting point in a long and difficult decarbonization journey. Revised IMO emissions targets set clear timeline: shipping groups Journal of Commerce

US House bills keep shipping reform effort alive even after freight rate plunge Although there remain multiple obstacles to further legislation being signed into law, bipartisan support that shipping reform attracted in 2021 and 2022 has led to a situation in which certain additional provisions stand at least a 50-50 chance of being enacted this […]

Knight-Swift commits to LTL expansion amid soft truckload demand The largest US truckload operator will continue to add terminals to its LTL network as it absorbs truckload carrier U.S. Xpress. Knight-Swift commits to LTL expansion amid soft truckload demand Journal of Commerce