Category Archives for Industry News

US truckload spot rate metric turns positive for first time in 27 months  The average US transactional dry-van truckload rate rose “a fraction” above its year-ago level Wednesday, following strong year-over-year gains in spot market volumes, according to DAT Freight & Analytics. US truckload spot rate metric turns positive for first time in 27 months  […]

HMM deploying more extra loaders to aid South Korean exporters With backing from the South Korea government, HMM is deploying more ships to help the country’s exporters weather soaring container rates amid heightened demand for their goods. HMM deploying more extra loaders to aid South Korean exporters Journal of Commerce

MSC adds to growing Asia-Mexico service launches Mediterranean Shipping Co. increasing capacity between Asia and the West Coast of Mexico amid surging foreign direct investment by China into Mexico. MSC adds to growing Asia-Mexico service launches Journal of Commerce

Global disruption further complicates ocean carrier network building How do you build a robust, resilient system in the face of operational and geopolitical disruptions that throw conventional container shipping networks into disarray? Global disruption further complicates ocean carrier network building Journal of Commerce

Charleston pausing berth project to ease vessel backlog Suspending construction work will allow the Port of Charleston to reopen all three berths in the Wando Welch terminal for two weeks and reduce a backlog of anchored vessels, but ocean carriers should anticipate at least two days of waiting to get a berth once work resumes. […]

Brazil north-south, Asia-ECSA rates hit recent highs on strong demand, congestion Local forwarders say the rate hikes are partly due to worsening delays at key ports in Brazil, with ongoing construction work closing part of Navegantes and vessel diversions from that port overwhelming other gateways. Brazil north-south, Asia-ECSA rates hit recent highs on strong demand, […]

US truck tonnage rose in May, but freight demand remains uncertain Despite a 7.1% unadjusted month-to-month increase in mostly contractual truck tonnage, more data is needed before the American Trucking Associations will call it a “recovery.” US truck tonnage rose in May, but freight demand remains uncertain Journal of Commerce

FMC says investigating potential violations of recent ruling on chassis control The February decision from the agency said ocean carriers can mandate which chassis to use for carrier haulage business, but not for merchant haulage. FMC says investigating potential violations of recent ruling on chassis control Journal of Commerce

India-US East Coast trade poised for major ocean capacity shakeup Hapag-Lloyd will be withdrawing from the Indamex service it has operated in conjunction with CMA CGM for decades and will kick off a standalone loop on the route in early August. India-US East Coast trade poised for major ocean capacity shakeup Journal of Commerce

ILA contract rhetoric turns up heat as uncomfortable summer begins for shippers The pointed sentiments expressed recently by the ILA are a departure from the low-key, business-like approach to prior negotiations along the East and Gulf coasts, and thus unfamiliar to shippers trying to weigh the risks of labor strife, writes Peter Tirschwell. ILA contract […]