Category Archives for Industry News

2M breakup throws carriers’ operating playbook out the window The breakup of the 2M Alliance opens the door to a few possibilities, including the industry reverting to a competitive scramble for market share, driving down profits and forcing yet another round of M&A activity, writes Peter Tirschwell. 2M breakup throws carriers’ operating playbook out the […]

Freightify lands funding to target digital rate management in North America Technology provider Freightify is aiming to empower forwarders to build an online quoting presence that would lessen their reliance on rate marketplaces. Freightify lands funding to target digital rate management in North America Journal of Commerce

US LTL freight volumes starting to improve ahead of spring: ODFL Old Dominion Freight Line “has its fingers crossed” that the decline in less-than-truckload volumes is turning and an increase in freight demand will be seen in March or the second quarter. US LTL freight volumes starting to improve ahead of spring: ODFL Journal of […]

Improved US cargo flow drives continued gains in trans-Pacific schedule reliability The return of US ports to normal cargo flow is demonstrated starkly in the year-over-year comparisons of vessel schedule reliability in the Asia-US trade. Improved US cargo flow drives continued gains in trans-Pacific schedule reliability Journal of Commerce

Early Lunar New Year stalls Asian air cargo recovery The traditional air cargo market slowdown has been exaggerated by an early start to the Lunar New Year and an unfavorable comparison with last year’s robust peak season. Early Lunar New Year stalls Asian air cargo recovery Journal of Commerce

Sourcing shift from China pulls US import share to more than a decade low Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam, India, and South Korea, writes Journal of Commerce Executive Editor Mark Szakonyi. Sourcing shift from China pulls […]

Intermodal contract savings fell in Q4 ahead of 2023 bids Shippers saved less than in prior quarters on their intermodal contracts to close 2022, setting up a race to the bottom this year to keep freight on the rails. Intermodal contract savings fell in Q4 ahead of 2023 bids Journal of Commerce

UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023 Technology that connects and automates packages, trucks, and sorting facilities will come to the fore at UPS this year as the largest US logistics provider positions itself for an economic rebound. UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023 Journal of Commerce

Norfolk Southern adds to Southeast intermodal capacity with new cranes Norfolk Southern’s plan to bring more capacity to its international intermodal business this year has kicked off with new cranes enabling the stacking of marine containers at its Austell ramp in Georgia. Norfolk Southern adds to Southeast intermodal capacity with new cranes Journal of Commerce

Asia-Europe spot rates soften to pre-pandemic levels Carriers have entered 2023 with too much supply and not enough demand on the Asia-Europe trade, with rates continuing their downward spiral through January. Asia-Europe spot rates soften to pre-pandemic levels Journal of Commerce