Category Archives for Industry News

US truckload spot market nearing its floor, analysts say US dry-van spot rates appear to be stabilizing, but contract rates are dropping by double-digit percentages as new pricing and service agreements take effect. US truckload spot market nearing its floor, analysts say Journal of Commerce

US truckload spot market nearing its floor: analysts US dry-van spot rates appear to be stabilizing, but contract rates are dropping by double-digit percentages as new pricing and service agreements take effect. US truckload spot market nearing its floor: analysts Journal of Commerce

Port of South Louisiana buys Avondale terminal as wind cargo boost looms The acquisition of Avondale by the port comes just as the state of Louisiana readies to auction its first round of offshore wind leases. Port of South Louisiana buys Avondale terminal as wind cargo boost looms Journal of Commerce

Market fallout from OSRA-22 to become clearer in 2023 Whether OSRA-22 — and increased FMC scrutiny — will produce tangible changes in how carriers and terminals calculate and convey detention and demurrage charges is still yet to be seen, as inaccurate invoices continue to plague shippers. Market fallout from OSRA-22 to become clearer in 2023 […]

Intermodal markets shift into recession after no peak season: J.B. Hunt Intermodal shippers are sitting on the sidelines until warehouses unclog and rail service improves, which will result in lower contract rates for shippers in 2023. Intermodal markets shift into recession after no peak season: J.B. Hunt Journal of Commerce

China keeps grip on global production, but search for options continues The pandemic-induced supply chain disruptions in China have left importers searching for more resilience and flexibility in their existing supply chains rather than racing for the exits. China keeps grip on global production, but search for options continues Journal of Commerce

Asia-Europe capacity cuts grow as CNY fails to boost demand Carriers on the Asia-Europe trade have stepped up capacity management measures as demand weakens through the traditionally busy Lunar New Year period and beyond. Asia-Europe capacity cuts grow as CNY fails to boost demand Journal of Commerce

ECU parent forms investment partnership with logistics-focused VC firm A partnership between venture firm Northstar and India’s Allcargo Group is meant to formalize their joint investment plans into logistics-focused startups over the next year. ECU parent forms investment partnership with logistics-focused VC firm Journal of Commerce

Trans-Pac spot rate spread for East, West coasts narrows sharply ahead of Lunar New Year The narrowing spread between East and West coast spot rates in the eastbound trans-Pacific comes as spot rates to the East Coast have fallen by 18 percent over the past six weeks while West Coast rates have ticked slightly higher. […]

Trans-Pac spot rate spread for East, West coasts narrows ahead of Lunar New Year The narrowing spread between East and West coast spot rates in the eastbound trans-Pacific comes as spot rates to the East Coast have fallen by 18 percent over the past six weeks while West Coast rates have ticked slightly higher. Trans-Pac […]