Category Archives for Industry News

Retail inventories to weigh on trans-Pacific through H1: Matson Matson’s chief executive told investors that trans-Pacific volumes may not recover until the back half of 2023 due to a persistent inventory overhang among retail shippers. Retail inventories to weigh on trans-Pacific through H1: Matson Journal of Commerce

Slync investors double down on beleaguered company with new funding A new funding round for the embattled logistics software vendor is bound to raise eyebrows in an industry that has long been cynical of the impact of venture capital-backed founders. Slync investors double down on beleaguered company with new funding Journal of Commerce

Operator ITCSI makes 3 million bid for new Melbourne container terminal The port is unlikely to decide for another year or so how the terminal will be developed, meaning it could negotiate with ICTSI over its proposal or invite bids from other terminal operators. Operator ITCSI makes 3 million bid for new Melbourne container terminal Journal […]

Operator ICTSI makes 3 million bid for new Melbourne container terminal The port is unlikely to decide for another year or so how the terminal will be developed, meaning it could negotiate with ICTSI over its proposal or invite bids from other terminal operators. Operator ICTSI makes 3 million bid for new Melbourne container terminal Journal […]

Southeast, Gulf ports expect container uplift from electric vehicle plants With just under $50 billion in fresh investments unveiled last year for electric vehicle manufacturing plants in North America, ports in the Southeast and along the Gulf Coast are expecting additional volumes to soon be moving across their docks. Southeast, Gulf ports expect container uplift […]

Centerm terminal expansion gives Vancouver critical boost in capacity Canada’s largest container port is on a growth trajectory in which it is forecast to hit capacity by the middle to end of this decade following average annual growth of 5 percent over the past 10 years. Centerm terminal expansion gives Vancouver critical boost in capacity […]

Rate hikes push 2022 US LTL revenue to record high, despite slowdown  Less-than-truckload (LTL) pricing may moderate in 2023 after two gangbuster years for carriers, but shippers shouldn’t expect a rapid retreat after broad-based gains. Rate hikes push 2022 US LTL revenue to record high, despite slowdown  Journal of Commerce

Tampa approves plans to build transloading facility adjacent to port Tradepoint Atlantic will design and construct a 500,000-square-foot warehouse distribution center that will help ease the flow of cargo through Port Tampa Bay. Tampa approves plans to build transloading facility adjacent to port Journal of Commerce

Russia picks up rail freight slack as China-Europe volume slumps Official data shows overall volumes on the China-Europe rail network rose 6 percent last year over the then-record throughput handled in 2021, but there is no distinction between cargo destined for Europe or Russia. Russia picks up rail freight slack as China-Europe volume slumps Journal […]

UP shifting to stacked container operation at Joliet for California imports Union Pacific is changing operations at its terminal outside Chicago in a bid to prevent future disruption by creating stacks for containers arriving from California, a move that will affect tens of thousands of ocean boxes per month. UP shifting to stacked container operation […]