Category Archives for Industry News

End of freight ‘recession’ drawing nearer, but no strong rebound seen: SMC3 US inventory levels are still high, depressing demand for trucking services and keeping a rebound in check, analysts said at the SMC3 Connections conference. End of freight ‘recession’ drawing nearer, but no strong rebound seen: SMC3 Journal of Commerce

Trans-Pac blank sailings ebb as carriers take in newer, larger ships The more aggressive approach to managing ship capacity seen in April and May has waned as new ships enter service and imports possibly see a nominal uptick. Trans-Pac blank sailings ebb as carriers take in newer, larger ships Journal of Commerce

CPKC-CSX ink deal to provide second rail speedway on Gulf Coast The link would offer an alternative to the Meridian Speedway that pre-merger Kansas City Southern and Norfolk Southern Railway have partnered on since 2006. CPKC-CSX ink deal to provide second rail speedway on Gulf Coast Journal of Commerce

US DOT opens .6 billion in funding for projects to strengthen supply chains The funds will come from the Bipartisan Infrastructure Law, with three separate grant opportunities soliciting applications under a single program called the Multimodal Project Discretionary Grant program. US DOT opens .6 billion in funding for projects to strengthen supply chains Journal of […]

Zim forwarding arm Ship4wd targets small shippers with new finance tools Zim said the financial products are particularly needed amid a slowdown in freight demand as small and mid-sized businesses continue to battle significant financial friction. Zim forwarding arm Ship4wd targets small shippers with new finance tools Journal of Commerce

Intermodal providers slash rates for low-volume shippers to boost business Union Pacific and BNSF partner COFC Logistics are cutting contractual rates on low-volume shippers through the end of the year in a bid to spur demand in a weakened domestic intermodal market. Intermodal providers slash rates for low-volume shippers to boost business Journal of Commerce

Nuvocargo rides Mexico-US cargo surge to land fresh investment Nuvocargo will use the new funding to expand its service footprint to all major over-the-road border crossings between the US and Mexico. Nuvocargo rides Mexico-US cargo surge to land fresh investment Journal of Commerce

Nuvocargo rides Mexico-US freight surge to land fresh investment Nuvocargo will use the new funding to expand its service footprint to all major over-the-road border crossings between the US and Mexico. Nuvocargo rides Mexico-US freight surge to land fresh investment Journal of Commerce

Yellow sues Teamsters for 7 million, citing ‘breach of contract’ The largest unionized trucking employer is taking its restructuring fight with the Teamsters to court, claiming union leadership is agitating for its demise. Yellow sues Teamsters for 7 million, citing ‘breach of contract’ Journal of Commerce

New HMM service covers strong Mediterranean, India markets Solid demand from both regions has encouraged the carrier to deploy its own vessels on the Asia-Med trade lane. New HMM service covers strong Mediterranean, India markets Journal of Commerce