Category Archives for Industry News

US manufacturing data offers mixed bag for truck carriers: analyst Despite negative trends being felt in some parts of the US manufacturing landscape, it’s not all bad news for trucking because other sectors are poised to have volumes at or above 2022 levels, writes analyst Jason Miller. US manufacturing data offers mixed bag for truck […]

CMA CGM enters .5 billion takeover talks for Bolloré logistics unit CMA CGM has its eyes on another multi-billion-dollar logistics prize as the carrier continues to use its immense profitability to build out end-to-end solutions across its supply chains. CMA CGM enters .5 billion takeover talks for Bolloré logistics unit Journal of Commerce

Antwerp-Bruges Q1 volumes slip amid Europe’s economic woes, Ukraine war The poor economic conditions affecting Europe’s major economies and the ongoing war in Ukraine continue to drag down container volumes at the continent’s second-largest port. Antwerp-Bruges Q1 volumes slip amid Europe’s economic woes, Ukraine war Journal of Commerce

US truckload carriers look to fill revenue gaps as rates fall With contract rates down as much as 16 percent in March, producer price index data indicates truckload carriers are making more use of accessorial charges. US truckload carriers look to fill revenue gaps as rates fall Journal of Commerce

Container glut hurt J.B. Hunt, other intermodal providers in Q1 Intermodal providers began idling thousands of domestic containers when demand fell sharply in the first quarter, causing an equipment glut across the US. Container glut hurt J.B. Hunt, other intermodal providers in Q1 Journal of Commerce

Container glut hurt J. B. Hunt, other intermodal providers in Q1 Intermodal providers began idling thousands of domestic containers when demand fell sharply in the first quarter, causing an equipment glut across the US. Container glut hurt J. B. Hunt, other intermodal providers in Q1 Journal of Commerce

MPV sentiment improves even as short-term demand softens Multipurpose carrier analysts report short-term rate softening and a looser spot market, but there is confidence in longer-term energy and renewables demand. MPV sentiment improves even as short-term demand softens Journal of Commerce

Ocean carriers showing signs of resilience despite freight rate plunge: analyst Despite the sharp decline in ocean freight rates, current market fundamentals point to carriers, to some degree, becoming better at pricing and yield management than they were prior to the pandemic, writes analyst Lars Jensen. Ocean carriers showing signs of resilience despite freight rate […]

Rising capacity prompts ‘tough freight war’ on Japan-US trade Forwarders said the capacity increase is due to carriers no longer skipping or blanking calls at Japanese ports following the normalization of demand and the easing of port congestion in the US. Rising capacity prompts ‘tough freight war’ on Japan-US trade Journal of Commerce

LA-LB dockworkers target automated terminals as job actions continue Members of the ILWU Local 13 have been “red-tagging” cargo-handling equipment at Los Angeles–Long Beach’s three automated terminals, which designates the equipment as unsafe and forces an inspection, sources say. LA-LB dockworkers target automated terminals as job actions continue Journal of Commerce