Category Archives for Industry News

MSC extends Asia-USWC string to India as primary market demand wanes With the extended port reach into India, carriers are looking to fill leftover capacity from Southeast Asia as primary market volumes slow and US sourcing within Asia diversifies beyond China, sources say. MSC extends Asia-USWC string to India as primary market demand wanes Journal […]

US retailers’ global sourcing strategy will take time to develop: analysts As the size of China’s workforce declines and production challenges increase, US retailers are shifting to global sourcing strategies, with each sector looking for the business model that meets its particular requirements. US retailers’ global sourcing strategy will take time to develop: analysts Journal […]

US transport providers lose fewer jobs than expected in January Courier, trucking, and warehousing firms lost workers last month, but the seasonal surge and purge was more muted than expected, reflecting broader labor market resilience. US transport providers lose fewer jobs than expected in January Journal of Commerce

End of 2M Alliance will set dominoes in motion across ocean shipping: analyst The announced dissolution of the 2M Alliance raises the question of what additional large-scale dominoes might be toppling over in the next few years in the container shipping sector, writes analyst Lars Jensen. End of 2M Alliance will set dominoes in motion […]

US ‘freight recession’ putting motor carrier financing tools to the test Smaller US truckload carriers and the companies that provide them with access to working capital are under increasing pressure as cargo demand slows. US ‘freight recession’ putting motor carrier financing tools to the test Journal of Commerce

New IMO rules force global reefer fleet to confront uncertain future The specialized reefer fleet has proven to be remarkably resilient in the face of various challenges, but now it must deal with the latest threat in the form of new IMO environmental regulations. New IMO rules force global reefer fleet to confront uncertain future […]

C.H. Robinson reaffirms commitment to global forwarding business The largest US logistics provider claims “compelling results” from cross-selling surface transportation and air and ocean services, despite weak market conditions. C.H. Robinson reaffirms commitment to global forwarding business Journal of Commerce

Rapid container rate decline complicates payment picture for shippers US importers that renegotiated contract rates or shifted to the spot market in the second half of 2022 have also had to adjust to different accessorial charges and transmission formats. Rapid container rate decline complicates payment picture for shippers Journal of Commerce

MSC opens more direct port connections for Indian exporters as volumes taper The expansion of origin-to-destination ocean connectivity with predictable transit time improvements is a boon for Indian exporters trying to find untapped markets for their products amid slowing demand. MSC opens more direct port connections for Indian exporters as volumes taper Journal of Commerce

DSV books record result for 2022, but warns that bull run for profits is over The pandemic-driven bull run culminated in a highly profitable result for Denmark’s DSV in 2022, but a return to a more “normal” market has begun. DSV books record result for 2022, but warns that bull run for profits is over […]