Category Archives for Industry News

DHL Express plans US physical expansion, including delayed new hub International air express carrier DHL is building out its US footprint to gain greater density and reach in its largest market, its CEO for the Americas says. DHL Express plans US physical expansion, including delayed new hub Journal of Commerce

Truckload appointment standards group adds heavyweights to drive adoption Echo Global Logistics, Coyote Logistics and prominent transportation management system vendors Oracle and e2open are among new members adding momentum to a truckload appointment scheduling initiative. Truckload appointment standards group adds heavyweights to drive adoption Journal of Commerce

California ports to share million grant for new data portal California wants to give shippers a single view into freight operations at five state ports with a joint grant for those gateways to create a single data system that can provide visibility. California ports to share million grant for new data portal Journal of Commerce

Cosco Shipping confirms Q1 plunge in profits amid weakening demand Highlighting the fall in demand, total liftings at Cosco Shipping Lines and OOCL fell more than 10 percent in the first quarter, to 5.5 million TEU. Cosco Shipping confirms Q1 plunge in profits amid weakening demand Journal of Commerce

Savannah wins environmental clearance for new inland terminal The Georgia Ports Authority expects to begin construction on the roughly $170 million terminal in early 2024, which will have a focus on manufacturing imports and poultry exports. Savannah wins environmental clearance for new inland terminal Journal of Commerce

Service levels to determine success in reshaped Mexico-US intermodal market Beyond the dynamics of the new partnerships, intermodal providers acknowledge that generating fresh cross-border business will be important for long-term growth to fill new containers, but only if the price is right. Service levels to determine success in reshaped Mexico-US intermodal market Journal of Commerce

European green fuel regulations place airlines on notice There are concerns that the latest requirement could force the price of sustainable aviation fuel higher, which would be felt in the pockets of airline passengers and cargo shippers. European green fuel regulations place airlines on notice Journal of Commerce

No ‘green shoots’ of demand until at least mid-year: ONE’s Nixon High inventories, falling consumption in key markets and an influx of capacity from recovering supply chains pulled down fiscal year earnings at Ocean Network Express. No ‘green shoots’ of demand until at least mid-year: ONE’s Nixon Journal of Commerce

Boost in container ship capacity puts end to MPV spillover market Cargoes “unboxed” during the pandemic market are sliding back to container carriers on the hunt for volumes to fill their ships, while excess containers on MPV ships have disappeared. Boost in container ship capacity puts end to MPV spillover market Journal of Commerce

Changing of the guard in the works at BBC Chartering USA Tim Kopfensteiner will become president of MPV carrier BBC Chartering’s US operations following Per Petersen’s retirement later this year. Changing of the guard in the works at BBC Chartering USA Journal of Commerce