Category Archives for Industry News

China’s ports still lead performance rankings, while India’s move higher: CPPI The fourth edition of the Container Port Performance Index shows some changes in the annual list’s middle tier as ports improve and new entrants make their mark. China’s ports still lead performance rankings, while India’s move higher: CPPI Journal of Commerce

US LTL providers adding trucks as they build out terminals Earnings records show several big LTL carriers are expanding their tractor and trailer fleets in the post-Yellow market to keep pace with terminal expansion. US LTL providers adding trucks as they build out terminals Journal of Commerce

Container market turn could keep capacity tight until October The strength of bookings over the past month has surprised container lines executives, even when factoring some front-loading and replenishing inventories that are back to pre-pandemic levels, writes Journal of Commerce Executive Editor Mark Szakonyi. Container market turn could keep capacity tight until October Journal of […]

‘Highest bidder’ winning on Asia-Europe ocean trade as space, equipment shortages deepen European importers are facing pandemic-era port congestion and soaring rate levels, with only the resumption of regular vessel transits through the Red Sea likely to address the growing supply chain disruption. ‘Highest bidder’ winning on Asia-Europe ocean trade as space, equipment shortages deepen […]

Maersk upgrades earnings guidance amid bullish market fundamentals The container shipping market has been roiled by the ongoing ship diversions around southern Africa that are now causing congestion to build at key load ports in Asia as carriers curtail or blank services amid port omissions. Maersk upgrades earnings guidance amid bullish market fundamentals Journal of […]

Baltimore import bookings rebound as port’s full ship channel to reopen soon Evergreen Marine’s neo-Panamax service from Asia will start making regular calls to Baltimore by mid-July, and the port’s container terminal is ready to start receiving imports. Baltimore import bookings rebound as port’s full ship channel to reopen soon Journal of Commerce

Container market hearing echoes of pandemic-era dynamics: analyst With vessel capacity tight and freight rates on the rise, there are several market dynamics that emerged during the pandemic that are already beginning to play out once again, writes Lars Jensen. Container market hearing echoes of pandemic-era dynamics: analyst Journal of Commerce

High water levels close Rhine River to barge traffic after flooding rains The Rhine is one of the most important commercial waterways in Europe and its closure is pushing traffic to the road and rails where there is limited capacity. High water levels close Rhine River to barge traffic after flooding rains Journal of Commerce

India-Europe carriers see strong rate gains for early peak season bookings Spot rate quotes secured by forwarders from major carriers for sailings near the end of June are up between $500 to $600 per container on average from levels seen for the first half of the month. India-Europe carriers see strong rate gains for early […]

Resurrected Convoy app gaining traction among small carriers, brokers: Flexport The post-pandemic resilience of small fleets has been attributed in part to driver reliance on apps like the one Convoy built, which Flexport purchased last November. Resurrected Convoy app gaining traction among small carriers, brokers: Flexport Journal of Commerce