Category Archives for Industry News

Increased vessel capacity, reliability key to 2023 reefer rebound Refrigerated container trade was muted in 2022 due to high costs and poor service, but ocean carriers appear keen to serve those markets in 2023 now that dry cargo rates have returned to pre-pandemic levels. Increased vessel capacity, reliability key to 2023 reefer rebound Journal of […]

No ‘musical chairs’ by carriers after end of 2M Alliance: Maersk CEO Maersk does not believe any of the major carriers outside the 2M Alliance have the competitive network, scale, or cost base to forge individual paths outside their current partnerships. No ‘musical chairs’ by carriers after end of 2M Alliance: Maersk CEO Journal of […]

Spot truckload rates rising at US East Coast ports, falling on West Coast Analysts have told the Journal of Commerce they expect spot market pricing to bottom out and remain flat for some time before rising again, most likely at a slow pace. Spot truckload rates rising at US East Coast ports, falling on West […]

US retailers offer little optimism in gloomy H1 import forecast The uncertain direction of the US economy is prompting consumers to hit the pause button on their buying habits, forcing a major retail group to further downgrade import projections through the first half of the year. US retailers offer little optimism in gloomy H1 import […]

Uncertain market clouds outlook for South China terminal operator Slowing global trade and tough Chinese measures to combat COVID-19 infections dragged down volume last year at Hutchison Ports subsidiary HPH Trust. Uncertain market clouds outlook for South China terminal operator Journal of Commerce

Overhaul acquires competitor to consolidate freight risk management market Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe. Overhaul acquires competitor to consolidate freight risk management market Journal of Commerce

Overhaul acquisition consolidates freight risk management market Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe. Overhaul acquisition consolidates freight risk management market Journal of Commerce

FMC administrative judge rules in truckers’ favor in chassis dispute Ocean carriers cannot limit the use of chassis by motor carriers in merchant haulage, the FMC’s chief administrative judge said in an “initial” summary decision meant to resolve a long-running dispute.  FMC administrative judge rules in truckers’ favor in chassis dispute Journal of Commerce

FMC order for MSC to justify congestion fee marks first under OSRA-22 The Federal Maritime Commission has exercised its first use of new legal authority under OSRA-22 requiring an ocean carrier to justify the reason behind levying a congestion surcharge against a shipper. FMC order for MSC to justify congestion fee marks first under OSRA-22 […]

Sharp increase in capacity keeps trans-Atlantic rates under pressure Carriers on the trans-Atlantic find themselves in the curious position of adding capacity to the trade while at the same time having to blank sailings to maintain the supply-demand balance. Sharp increase in capacity keeps trans-Atlantic rates under pressure Journal of Commerce