Category Archives for Industry News

Freightos goes public on NASDAQ in first measure of logistics tech value Freightos’ public listing on the NASDAQ will be the first test of how public investors value one of the more prominent logistics technology companies to emerge over the past decade. Freightos goes public on NASDAQ in first measure of logistics tech value Journal […]

MSC, Maersk to end 2M Alliance amid divergent strategies on ocean capacity The move raises questions whether the carriers will seek new alliance partners, potentially setting off another round of musical chairs involving the other two networks, THE Alliance and the Ocean Alliance. MSC, Maersk to end 2M Alliance amid divergent strategies on ocean capacity […]

Hapag-Lloyd buys large stake in Indian ports operator J M Baxi Hapag-Lloyd’s focus on port-to-port shipping includes pursuing ownership stakes in marine terminal operations, with the acquisition of a 40 percent share of Indian ports operator J M Baxi the latest example. Hapag-Lloyd buys large stake in Indian ports operator J M Baxi Journal of […]

US spot flatbed capacity rising as housing starts, manufacturing decline Demand for flatbed trucks on DAT Freight & Analytics’ spot load boards is at a seven-year low for January, creating excess capacity that is keeping pressure on rates.  US spot flatbed capacity rising as housing starts, manufacturing decline Journal of Commerce

WiseTech makes US drayage play with acquisition of Envase WiseTech Global, owner of the most widely used forwarding software product, has acquired a prominent vendor of drayage management software, capping a year of takeovers for the company. WiseTech makes US drayage play with acquisition of Envase Journal of Commerce

Maersk, MSC to end 2M Alliance in 2025, citing ‘individual strategies’ The move raises questions whether the carriers will seek new alliance partners, potentially setting off another round of musical chairs involving the other two networks, THE Alliance and the Ocean Alliance. Maersk, MSC to end 2M Alliance in 2025, citing ‘individual strategies’ Journal of […]

Virginia lawmakers propose funds for state’s second inland port Some Virginia state legislators are looking to fund a second inland port, but the project’s prospects hinge on railroad and shipper demand, according to a study. Virginia lawmakers propose funds for state’s second inland port Journal of Commerce

Electronic bill of lading ‘green shoots’ emerge in wake of pandemic Pandemic-driven acceleration in the usage of its digital shipping document product is a sign that blockchain does work in niche applications in global logistics, according to CargoX. Electronic bill of lading ‘green shoots’ emerge in wake of pandemic Journal of Commerce

US House bill includes 5 million in truck parking grants The expansion of truck parking along US highways is a primary objective of the “SHIP IT” act, along with providing incentives to attract and retain more drivers. US House bill includes 5 million in truck parking grants Journal of Commerce

‘Service interruption’ affecting container moves between LA-Midwest: UP An outage involving a bridge in New Mexico in the heart of Union Pacific’s network is causing major delays for intermodal and automotive shippers between Southern California and two major inland hubs. ‘Service interruption’ affecting container moves between LA-Midwest: UP Journal of Commerce