Category Archives for Industry News

Savannah doubles down on terminal expansion with .4 billion investment Nearly three years of record Asia imports tested Savannah’s cargo flow at times, underscoring the port’s need to ensure it had sufficient buffer capacity to handle growth. Savannah doubles down on terminal expansion with .4 billion investment Journal of Commerce

Softer peak season import forecast trending toward pre-pandemic levels: US retailers Consumer spending in the coming months will be compromised somewhat by high inflation, while retailers are being conservative in placing purchase orders with factories in Asia because of bloated inventories, according to the Global Port Tracker. Softer peak season import forecast trending toward pre-pandemic […]

US trucking adds jobs in April as manufacturing expands US trucking companies added jobs for the second straight month, but the employment wave hasn’t reached package delivery firms or warehouses. US trucking adds jobs in April as manufacturing expands Journal of Commerce

CMA CGM puts ball in Bolloré’s court for deal on logistics unit Bolloré said it will bring the carrier’s $5.5 billion offer to the rest of the group for consideration. CMA CGM puts ball in Bolloré’s court for deal on logistics unit Journal of Commerce

Vancouver will use two-phased approach for building, operating new terminal Obtaining all required governmental approvals and choosing a contractor and operator is likely to push the opening of Vancouver’s Roberts Bank Terminal 2 into the early 2030s. Vancouver will use two-phased approach for building, operating new terminal Journal of Commerce

Top US Shippers: Continued poor service threatens budding ag export recovery Better vessel reliability helped fuel a return to growth in US agriculture exports in the second half of 2022, but those green shoots could be ripped up at the root if service doesn’t continue to improve. Top US Shippers: Continued poor service threatens budding […]

Forwarders’ digital journey not complete yet: Magaya survey More than half of forwarders have migrated completely to cloud-based software, a study of 70 global logistics services providers has found. Forwarders’ digital journey not complete yet: Magaya survey Journal of Commerce

Evergreen failed to offer contracted vessel space to shipper: FMC complaint An automotive parts importer alleges that after Evergreen failed to provide roughly 65% of contracted vessel space, it had to pay $750,000 on the spot market to secure capacity. Evergreen failed to offer contracted vessel space to shipper: FMC complaint Journal of Commerce

Evergreen pushed contracted cargo to spot market: FMC shipper complaint An automotive parts importer alleges that after Evergreen failed to provide roughly 65% of contracted vessel space, it had to pay $750,000 on the spot market to secure capacity. Evergreen pushed contracted cargo to spot market: FMC shipper complaint Journal of Commerce

China to remain top for logistics investment despite regional sourcing shift Logistics and industrial investment in the Asia-Pacific region was estimated at around $50 billion last year, down from a record $72 billion in 2021. China to remain top for logistics investment despite regional sourcing shift Journal of Commerce