Category Archives for Industry News

Demand pressure keeps India-US contract rates sliding despite GRI efforts After two attempts to push through GRIs largely failed, forwarder sources in India believe it will be difficult for carriers to achieve success under current tight booking conditions, but liners have nonetheless lined up further rate hikes. Demand pressure keeps India-US contract rates sliding despite […]

Shipping path to net-zero rests on post-MEPC 80 regulatory progress: WSC While the London meeting of the IMO’s environment committee will revise its 2050 emissions targets, the next critical step is to quickly establish the global regulatory framework to underpin these ambitions. Shipping path to net-zero rests on post-MEPC 80 regulatory progress: WSC Journal of […]

Emerging from pandemic fog, global reefer market reverts to type If the reefer mode can tough out the rest of 2023, next year should be better for operators largely because there will be more cargo, and therefore demand will be stronger, writes analyst Richard Bright. Emerging from pandemic fog, global reefer market reverts to type […]

CPKC, Americold team up on temperature-controlled intermodal warehouses Canadian Pacific Kansas City is continuing to invest in temperature-controlled intermodal as part of its Mexico to US offerings via a new partnership with warehouse provider Americold Logistics. CPKC, Americold team up on temperature-controlled intermodal warehouses Journal of Commerce

Soaring demand for lithium batteries puts focus on safety concerns: TT Club Lithium-ion batteries are already classified as dangerous goods, but observers say the category needs to be upgraded to reflect rapidly evolving technology that is raising growing safety concerns around their transport. Soaring demand for lithium batteries puts focus on safety concerns: TT Club […]

NVO share of US imports from Asia growing in post-COVID ocean market Non-vessel operating common carriers handle a growing percentage of US imports from Asia, but that hasn’t stopped traditional asset-owning companies from attempting to leverage core assets in a bid to differentiate themselves, writes Peter Tirschwell. NVO share of US imports from Asia growing […]

Lackluster north-south demand, rates to rebound in Q3: forwarders A combination of softer volumes and increased vessel capacity continues to drag on spot rates between Latin America and the US, but forwarders say they expect demand to begin to recover in September. Lackluster north-south demand, rates to rebound in Q3: forwarders Journal of Commerce

Roadrunner adds new LTL lanes, expanding cross-country reach Freight demand is supporting a buildout of Roadrunner’s direct LTL network after cutbacks in 2022, with new lanes connecting shippers with Las Vegas and the Port of Virginia. Roadrunner adds new LTL lanes, expanding cross-country reach Journal of Commerce

FedEx Freight trims trucking network as LTL shipments drop 18% The largest US trucking company will close 29 terminals to better match its footprint with lower freight demand as it prepares for a “reset.” FedEx Freight trims trucking network as LTL shipments drop 18% Journal of Commerce

Maersk’s growing air freight coverage driven by in-house demand There is little demand to be seen in air cargo routes out of Asia, but the aggressive expansion of Maersk Air Cargo connections to the US and Europe points to strong interest from the carrier’s existing customers. Maersk’s growing air freight coverage driven by in-house demand […]