Category Archives for Industry News

US truckload spot rates sag in November in atypical move Several US truckload shippers say they are leery of using the spot market because they wish to maintain strong relationships with their trucking partners rather than be seen as transactional when the market flips in favor of carriers. US truckload spot rates sag in November […]

European lawmakers agree on shipping’s Emissions Trading System Months of negotiations by Europe Union executive bodies over how shipping will be included in the Emissions Trading System have ended in agreement, with member states to have the final say in mid-December. European lawmakers agree on shipping’s Emissions Trading System Journal of Commerce

Software woes force Houston to delay start date of long-dwell import fee The Port of Houston, citing technology problems, is postponing the start date of a new fee that would penalize shippers who don’t retrieve import containers after the allowable free time. Software woes force Houston to delay start date of long-dwell import fee Journal […]

Heightened final-mile expectations drive investment into OneRail OneRail has channeled the need for shippers to access final-mile capacity and service level consistency into a large venture capital funding round. Heightened final-mile expectations drive investment into OneRail Journal of Commerce

Pandemic offers opportunity to improve US port flow All supply chains converge at the marine terminal, so facilitating and protecting fluidity through the terminal is the key to unlocking broader supply chain effectiveness, writes JOC’s Peter Tirschwell. Pandemic offers opportunity to improve US port flow Journal of Commerce

Ocean carrier profits to tumble in Q4 slowdown: analyst Sharply falling rates and demand signal an end to the extreme profitability enjoyed by ocean carriers over the last two years, according to analysts. Ocean carrier profits to tumble in Q4 slowdown: analyst Journal of Commerce

Maersk, IBM shutter TradeLens in surprise move TradeLens’ failure to gain traction after four years was due to several factors, not least of which was trying to convince ocean carriers and their customers to provide sensitive data to a technology platform partly owned by Maersk. Maersk, IBM shutter TradeLens in surprise move Journal of Commerce

Rail shippers confident Congress will avert strike Trade groups representing railroads and shippers are confident Congress will act to prevent a potential strike in December, but that is not stopping them from discussing the stakes involved. Rail shippers confident Congress will avert strike Journal of Commerce

Ocean carriers struggle to match capacity with plummeting demand The ability of ocean carriers to manage their growing supply of excess capacity is becoming tougher by the week as supply chain bottlenecks ease and global economic headwinds strengthen. Ocean carriers struggle to match capacity with plummeting demand Journal of Commerce

US wholesale trade data shows industrial economy still resilient: analyst To the extent freight market participants have greater exposure to key industrial markets than consumer markets, current data is not pointing towards sharp downturns in freight demand, at least not yet, writes JOC analyst Jason Miller. US wholesale trade data shows industrial economy still resilient: […]