Ro/ro cargo rates rise despite falling demand Major roll-on/roll-off carriers reported climbing net rates in the first half even as demand for machinery and rolling stock faltered and a congested shipping market tightened capacity. Ro/ro cargo rates rise despite falling demand Journal of Commerce
Read More →Trans-Pacific rate push tests health of early peak season
on August 16, 2024in Industry News
Trans-Pacific rate push tests health of early peak season Carriers on Thursday announced general rate increases of $200 to $400 per FEU, although forwarders say the GRIs could deteriorate quickly due to options such as voyage-specific “bullet” rates and lower pricing offered by non-alliance carriers. Trans-Pacific rate push tests health of early peak season Journal […]
Read More →Potential strikes could upset muted trucking outlook
on August 16, 2024in Industry News
Potential strikes could upset muted trucking outlook Disruption to inland supply lanes and the location of truck capacity would be possible if rail and port strike threats prove real, analysts told a Journal of Commerce webcast. Potential strikes could upset muted trucking outlook Journal of Commerce
Read More →Ottawa rejects call to head off Canada rail work stoppage
on August 15, 2024in Industry News
Ottawa rejects call to head off Canada rail work stoppage Canada’s labor minister said he won’t force binding arbitration between Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) and their main union, setting the stage for a lockout next week. Ottawa rejects call to head off Canada rail work stoppage Journal of Commerce
Read More →Transportion industry welcomes project cargo ‘reality check’
on August 15, 2024in Industry News
Transportion industry welcomes project cargo ‘reality check’ Project slowdowns ease pressure on heavy transport service providers and the breakbulk supply chain, injecting realism into schedules, but a buoyant outlook could mask signs of stress, executives say Transportion industry welcomes project cargo ‘reality check’ Journal of Commerce
Read More →Transportation industry welcomes project cargo ‘reality check’
on August 15, 2024in Industry News
Transportation industry welcomes project cargo ‘reality check’ Project slowdowns ease pressure on heavy transport service providers and the breakbulk supply chain, injecting realism into schedules, but a buoyant outlook could mask signs of stress, executives say. Transportation industry welcomes project cargo ‘reality check’ Journal of Commerce
Read More →Former Maersk Growth head targets EU, climate-focused startups with new fund
on August 15, 2024in Industry News
Former Maersk Growth head targets EU, climate-focused startups with new fund A new $54.9 million fund has launched to support climate-focused logistics startups, a rare bright spot amid a larger pull-back in venture capital investment in the wider shipping industry. Former Maersk Growth head targets EU, climate-focused startups with new fund Journal of Commerce
Read More →Maersk adds nuclear power to its growing list of new fuel potentials
on August 15, 2024in Industry News
Maersk adds nuclear power to its growing list of new fuel potentials After making significant investments in developing its methanol pathway over the past few years, and just a week after making a huge order for LNG-capable ships, the carrier is now looking into the feasibility of using nuclear energy in its vessels. Maersk adds […]
Read More →ILA strike possibility has risen in recent months: Hapag-Lloyd CEO
on August 14, 2024in Industry News
ILA strike possibility has risen in recent months: Hapag-Lloyd CEO Hapag-Lloyd CEO Rolf Habben Jansen’s view that the threat of a longshore strike has risen since early 2024 comes after Maersk CEO Vincent Clerc said a strike was “highly unlikely.” ILA strike possibility has risen in recent months: Hapag-Lloyd CEO Journal of Commerce
Read More →US truckload, LTL pricing both rise in July, along with shipments
on August 14, 2024in Industry News
US truckload, LTL pricing both rise in July, along with shipments Producer price indexes and the Cass Freight Index show slight increases in truck pricing and volumes in July, but not a rapid turnaround. US truckload, LTL pricing both rise in July, along with shipments Journal of Commerce
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