Category Archives for Industry News

Forward expands air-ground network, aiming for high-value freight The acquisition of competitor Land Air Express expands Forward Air’s nationwide ground airport-to-airport network and capacity, Forward’s CEO says. Forward expands air-ground network, aiming for high-value freight Journal of Commerce

‘Pricing discipline’ to temper US LTL rate relief in 2023 Shippers can expect some rate relief and improved LTL service in 2023 as demand softens and shipping patterns normalize, which for carriers will take some of the shine off the sector’s recent golden glow. ‘Pricing discipline’ to temper US LTL rate relief in 2023 Journal […]

Fallout from ocean rate collapse to define market ‘status quo’ in 2023 The collapse in ocean freight rates is a clear signal that the market is reverting to its pre-pandemic state, but the burning question for 2023 is whether that reversion is temporary. Fallout from ocean rate collapse to define market ‘status quo’ in 2023 […]

Maersk’s new-look management team faces challenging operating environment Maersk’s new executive lineup covers 15 areas of responsibility within the carrier and is a combination of long-term company leaders and those with experience from outside the group. Maersk’s new-look management team faces challenging operating environment Journal of Commerce

Roadrunner expedites West Coast-to-Chicago service to meet inland demand The largest US point-to-point LTL carrier is speeding service from Southern California to Chicago, reducing the transit time to one to three business days as demand for velocity remains high. Roadrunner expedites West Coast-to-Chicago service to meet inland demand Journal of Commerce

Tight supply to keep warehousing costs rising despite slower freight growth The rapid expansion of US industrial real estate is expected to slow in 2023 as warehouses are completed, capital costs rise, and the US economy slows, but capacity isn’t going to suddenly flood the market. Tight supply to keep warehousing costs rising despite slower […]

Asia-Europe capacity cuts lag market slowdown: analysts With little sign of booking increases on the Asia-Europe trade ahead of Chinese New Year, analysts believe carriers will be oversupplied with capacity unless further cuts are made. Asia-Europe capacity cuts lag market slowdown: analysts Journal of Commerce

FMC nixes claim that proposed per diem rule adds to port congestion, pollution The Federal Maritime Commission turned away a petition from ocean carriers and marine terminals claiming that limiting liability on per diem billing would translate into worsening port congestion and pollution. FMC nixes claim that proposed per diem rule adds to port congestion, […]

Demand for last-mile services fuels US transportation hiring Firms engaged in last-mile delivery hired fewer workers than expected in December, but still made big employment gains, while real trucking jobs in the US dropped in a typical seasonal pattern. Demand for last-mile services fuels US transportation hiring Journal of Commerce

US Gulf ports aim to sustain volume gains after banner 2022 Houston and Mobile are both in the middle of major expansion projects, including dredging to allow bigger ships to call, but those projects will not be complete until 2025 at the earliest. US Gulf ports aim to sustain volume gains after banner 2022 Journal […]