Category Archives for Industry News

FLOW gains momentum with ‘give-to-get’ data-sharing model The growth in participation in FLOW is a signal that the private sector views the voluntary nature of the project as more amenable than governmental data-sharing mandates or legislation. FLOW gains momentum with ‘give-to-get’ data-sharing model Journal of Commerce

Cargo fraud, theft surging in ‘wild west’ US truck market Many businesses are being forced to tighten controls over how goods are shipped and who they ship them with, but the technology that helps them may also be used against them, according to industry sources. Cargo fraud, theft surging in ‘wild west’ US truck market […]

Top US Shippers: Recession fears pulling at the seams of growing clothing imports Unlike last year, when apparel importers front-loaded volumes in the first half, apparel shippers are waiting for more clarity on consumer spending before they bring back-to-school and holiday inventory into the US. Top US Shippers: Recession fears pulling at the seams of […]

HMM says will take ‘cost-cutting measures’ after plunge in Q1 financials The South Korea-based liner became the latest carrier to illustrate the post-pandemic crash in container shipping, posting a 91% drop in net profit for the first quarter. HMM says will take ‘cost-cutting measures’ after plunge in Q1 financials Journal of Commerce

CEVA Logistics shifts into vessel operations with ro-ro newbuildings Traditional 3PL provider CEVA plans to lease four new hybrid ro-ro vessels chartered by parent company CMA CGM. CEVA Logistics shifts into vessel operations with ro-ro newbuildings Journal of Commerce

NY-NJ port stakeholders improve trucker experience as downturn cuts work The influx of new drivers to the New York-New Jersey port helped it handle record volumes in 2022, but the downturn means less work and possibly more turnover. NY-NJ port stakeholders improve trucker experience as downturn cuts work Journal of Commerce

Capacity oversupply keeps US truckload rates in decline Excess capacity is lingering in US freight markets because fewer carriers than expected have gone bankrupt so far this year, analysts say. Capacity oversupply keeps US truckload rates in decline Journal of Commerce

Yang Ming’s Q1 revenue, profit plunge as global container market stalls The Taiwan-based carrier is the latest container shipping line to have its extreme profitability of recent years slashed by a slowdown in demand and excess capacity. Yang Ming’s Q1 revenue, profit plunge as global container market stalls Journal of Commerce

Asia-Med container volumes hit four-year high in March: CTS A surge in Asia to Mediterranean volume in March has carriers injecting capacity into the trade to capture growing demand from southern Europe. Asia-Med container volumes hit four-year high in March: CTS Journal of Commerce

FMC needs to take oversight of rail storage charges: shippers Rail storage fees continue to be a point of contention for shippers and the National Shipping Advisory Committee wants the FMC to step up and take ownership. FMC needs to take oversight of rail storage charges: shippers Journal of Commerce