Category Archives for Industry News

Ocean shippers may ‘pay up’ for secure capacity despite weak market Even as weak economic conditions prevail during the annual service contract negotiating cycle, it does not automatically mean shippers will be driving the hardest possible bargains with newly vulnerable carriers. Ocean shippers may ‘pay up’ for secure capacity despite weak market Journal of Commerce

India-US trade adds new capacity with Cosco-OOCL service to East Coast The AWES service itinerary is yet another example of liners’ increasing network consolidation at Mundra for the Indian leg, a single-port call strategy that, arguably, helps them save on marine dues. India-US trade adds new capacity with Cosco-OOCL service to East Coast Journal of […]

Rotterdam rolls out delay-busting barge planning tool The digital sharing of schedule information via Rotterdam’s Nextlogic platform addresses the complexity involved in terminals booking and handling 18,000 container barges a year. Rotterdam rolls out delay-busting barge planning tool Journal of Commerce

Lack of data leaves shippers reliant on 3PLs to reduce Scope 3 emissions Pressure on shippers to take a more active role in bringing down so-called Scope 3 emissions covering the activities of a company’s third-party vendors — including transportation — has increased in recent years. Lack of data leaves shippers reliant on 3PLs to […]

J.B. Hunt focusing on faster container turns to move more loads J.B. Hunt Transport Services will focus on working with shippers to empty containers in a more expedited manner as freight is moving slower than ever with box turn ratios falling for four consecutive years. J.B. Hunt focusing on faster container turns to move more […]

Matson expects weak demand, freight rates to continue through H1 The softening outlook from niche carrier Matson foreshadows that the decline in US imports from Asia and the softening freight rates that began last fall are likely to continue through the first half of 2023. Matson expects weak demand, freight rates to continue through H1 […]

Half of trans-Pacific vessel capacity faces Lunar New Year cut: analyst While a 50 percent capacity cut is about typical in the eastbound trans-Pacific during the post-Lunar New Year lull, more blank sailings could be in the offing given the accelerating decline in US import demand. Half of trans-Pacific vessel capacity faces Lunar New Year […]

Excess US truckload capacity to bring contract rates back down to earth Lower rates and abundant capacity should promote stability in the truckload market in 2023, but any semblance of normality is conditional, at best, until the broader US economy is on a more stable footing. Excess US truckload capacity to bring contract rates back […]

Empowered, but weary, importers eye streamlined Asia-US contract talks The balance of power has shifted back to shippers for annual trans-Pacific contract negotiations, but many logistics managers, exhausted after the most chaotic and stressful period of their careers, could be more willing to work with forwarders or simply less motivated to haggle with carriers, writes […]

Terminal49 lands investment to pursue visibility automation Demand for ocean visibility surged through the pandemic, including among software providers needing real-time container milestone data, an area that software vendor Terminal49 has targeted in recent years. Terminal49 lands investment to pursue visibility automation Journal of Commerce