Category Archives for Industry News

APM plans million investment to boost Mobile rail infrastructure Mobile’s inland intermodal reach is getting a boost from a planned $60 million investment by APM Terminals into the port’s container railyard. APM plans million investment to boost Mobile rail infrastructure Journal of Commerce

US LTL shipments getting smaller: Forward Air Shippers are still tendering approximately the same number of shipments, but they’re shipping less freight per shipment, the head of expedited LTL carrier Forward Air says. US LTL shipments getting smaller: Forward Air Journal of Commerce

Carriers, shippers seek sweet spot in post-bull market service contract talks In negotiations leading up to the annual service contracts that will take effect May 1, container lines and importers are trying to find a new middle ground amid uncertainty as to how strong demand will be in the second half of the year. Carriers, […]

HMM joins move to methanol with .12 billion vessel order Methanol is increasingly being seen as one of the frontrunners for shipping’s fuel of the future, with HMM the latest convert to the green energy source. HMM joins move to methanol with .12 billion vessel order Journal of Commerce

MPV sector slows as rebalancing underway after ‘rush’ of pandemic market Short-term uncertainty and longer-term confidence are the multipurpose sector’s new normal, analysts say, after the extreme volatility of the COVID-driven market. MPV sector slows as rebalancing underway after ‘rush’ of pandemic market Journal of Commerce

MPV sector slows as rebalancing under way after ‘rush’ of pandemic market Short-term uncertainty and longer-term confidence are the multipurpose sector’s new normal, analysts say, after the extreme volatility of the COVID-driven market. MPV sector slows as rebalancing under way after ‘rush’ of pandemic market Journal of Commerce

 ILA, USMX stake out sides as Charleston appeals Leatherman ruling The Port of Charleston’s request to overturn a ruling involving container calls to the Hugh K. Leatherman Terminal drew support from the US Maritime Alliance, but opposition from the International Longshoremen’s Association.  ILA, USMX stake out sides as Charleston appeals Leatherman ruling Journal of Commerce

US truckload capacity still abundant despite recent motor carrier exits Smaller trucking firms are leaving the market at a faster rate, but plenty of truckload capacity remains, especially at larger fleets that are just short of record truck counts. US truckload capacity still abundant despite recent motor carrier exits Journal of Commerce

HMM banks solid result, but warns weak market will persist in 2023 HMM joined other carriers in recording a highly positive 2022 performance, but the South Korean carrier said demand would continue to come under pressure this year. HMM banks solid result, but warns weak market will persist in 2023 Journal of Commerce

Zim adds capacity, frequency to its Asia-US East Coast service Zim’s eCommerce Baltimore Express, which makes its first US call at Baltimore, will see a capacity boost of “nearly 50 percent.” Zim adds capacity, frequency to its Asia-US East Coast service Journal of Commerce