Category Archives for Industry News

South Korean truckers vote to end 16-day strike A growing number of drivers returned to work in recent days amid increasing financial hardship and tougher policing of back-to-work orders by the South Korean government. South Korean truckers vote to end 16-day strike Journal of Commerce

Shipper demand speeding drop-and-hook ‘evolution’ Ryder System is joining the race to deploy more drop-and-hook trailer pools for shippers that need greater flexibility to reduce costs and counter supply chain disruption. Shipper demand speeding drop-and-hook ‘evolution’ Journal of Commerce

MSC lays out direct West Med connection for Indian shippers MSC has put a heavier focus on the Indian market lately, which industry observers expect to remain resilient despite the demand challenges posed by ongoing recessionary conditions in Western economies. MSC lays out direct West Med connection for Indian shippers Journal of Commerce

Loss of Russia rail volume offset by rising Central Asia trade A broad shift in China-Europe rail from the northern route through Russia to the middle corridor transiting Central Asia is unlocking new and largely untapped containerized markets for service providers. Loss of Russia rail volume offset by rising Central Asia trade Journal of Commerce

US LTL volumes drop, but pricing proves resilient Less-than-truckload shipping volumes in the US are falling in the fourth quarter from all-time highs, but rates are slower to drop as carriers push back on absorbing higher costs. US LTL volumes drop, but pricing proves resilient Journal of Commerce

CMA CGM seeking US adaptability through NY-NJ terminals purchase CMA CGM said its acquisition of terminal assets in the key New York–New Jersey container gateway was designed around flexibility for shippers, not a bet on permanent shifts in US coastal market share. CMA CGM seeking US adaptability through NY-NJ terminals purchase Journal of Commerce

Long-term demand to steady MPV/HL fleet: analysts The multipurpose/heavy-lift vessel sector is proving to be less volatile than the container and bulk sectors as the pandemic market normalizes, analysts say. Long-term demand to steady MPV/HL fleet: analysts Journal of Commerce

GSBN executive sees promise in post-TradeLens world The head of the Global Shipping Business Network, long seen as a rival to the now-defunct TradeLens, said the demise of the Maersk-led technology platform could eventually boost use of blockchain-backed tools in shipping. GSBN executive sees promise in post-TradeLens world Journal of Commerce

US import declines to accelerate into 2023: retailers US retailers are forecasting a significant decline in import volumes at least through April as much of the holiday and winter merchandise was shipped earlier than usual this year. US import declines to accelerate into 2023: retailers Journal of Commerce

Norfolk Southern acknowledges need to restore shipper confidence in rail Norfolk Southern furloughed thousands of employees during the early days of the pandemic and struggled to rehire the workforce necessary to handle the surge in intermodal volumes. Norfolk Southern acknowledges need to restore shipper confidence in rail Journal of Commerce