Category Archives for Industry News

Drayage rates fall sharply amid downturn in NY-NJ port volumes New York-New Jersey port truckers who worked five days per week last year are now down to about half that amount, sending spot drayage rates well below levels seen in 2021 and 2022. Drayage rates fall sharply amid downturn in NY-NJ port volumes Journal of […]

TFI targets smaller LTL carriers for acquisition in US, Canada Canada’s largest trucking holding company is acquiring smaller LTL operators on both sides of the US border, expanding its network and services via “tuck-ins” in a soft freight market. TFI targets smaller LTL carriers for acquisition in US, Canada Journal of Commerce

Vessel reliability gained in March amid still-declining volumes: Sea-Intelligence With cargo volumes dropping in most of the global trade lanes, supply chain bottlenecks that had contributed to deteriorating vessel schedule reliability in 2021-22 are no longer a major problem this year. Vessel reliability gained in March amid still-declining volumes: Sea-Intelligence Journal of Commerce

Bed Bath & Beyond looks to recoup millions from OOCL in FMC complaint The now-bankrupt retailer alleges the ocean carrier failed to provide the full vessel space it contracted for, then charged much-higher premiums to ensure its cargo wasn’t rolled. Bed Bath & Beyond looks to recoup millions from OOCL in FMC complaint Journal of […]

Bankrupt Bed Bath & Beyond looks to recoup millions from OOCL in new FMC complaint The retailer alleges the ocean carrier failed to provide the full vessel space it contracted for, then charged much-higher premiums to ensure its cargo wasn’t rolled. Bankrupt Bed Bath & Beyond looks to recoup millions from OOCL in new FMC […]

Bankrupt Bed Bath & Beyond looks to recoup millions from OOCL in FMC complaint The retailer alleges the ocean carrier failed to provide the full vessel space it contracted for, then charged much-higher premiums to ensure its cargo wasn’t rolled. Bankrupt Bed Bath & Beyond looks to recoup millions from OOCL in FMC complaint Journal […]

NS to require appointments to pick up boxes at Memphis terminal Norfolk Southern Railway will institute a mandatory appointment system for truckers handling ocean containers at its Memphis terminal and plans to expand the requirement to Atlanta before the end of the year. NS to require appointments to pick up boxes at Memphis terminal Journal […]

Mexico, Houston port volumes boosting US Southwest trucking: U.S. Bank Shippers are moving more freight in the US Southwest, and paying more to do so, despite weak trucking markets elsewhere in the country, according to U.S. Bank. Mexico, Houston port volumes boosting US Southwest trucking: U.S. Bank Journal of Commerce

Data shows container shipping market could be at its bottom: analyst Fundamentally, current data on ocean freight rates supports the notion that the market has, overall, reached a low point and is about to rebound slightly to be brought back in line with long-term trends, writes analyst Lars Jensen. Data shows container shipping market could […]

Court hands freight broker Convoy procedural win in legal battle with DAT Transportation observers believe the dueling complaints could have implications for the US spot truckload market because DAT is a primary source of available loads that brokers and carriers use to fill their pools of owned or third-party capacity. Court hands freight broker Convoy […]