Category Archives for Industry News

Asia-Europe spot rate flattens out ahead of mid-August increases Some optimistic rate increases are being lined up for Aug. 15. Solid peak season volumes and reports of tight space from shippers have not been able to push up the Asia-Europe spot market, with freight rates declining slightly this week in advance of yet another round […]

Asia-Europe spot rates flatten ahead of mid-August GRIs Some optimistic rate increases are being lined up for Aug. 15. Solid peak season volumes and reports of tight space from shippers have not been able to push up the Asia-Europe spot market, with freight rates declining slightly this week in advance of yet another round of […]

XPO transforms LTL business acquisition Uniforms are just the surface of the radical redesign of XPO Logistics’ LTL unit. The second-largest less-than-truckload carrier in the United States is not the company it used to be. By May, the more than 8,000 tractors, 25,000 trailers, 300 US LTL facilities, and the uniforms of workers at the […]

XPO transforms LTL acquisition Uniforms are just the surface of the radical redesign of XPO Logistics’ LTL unit. The second-largest less-than-truckload (LTL) carrier in the United States is not the company it used to be. By May, the more than 8,000 tractors, 25,000 trailers, 300 US LTL facilities, and the uniforms of workers at the […]

Record monthly US imports forecast for August Analysts and industry watchers are upgrading their expectations for global trade growth in 2017. US containerized imports are forecast to reach the highest-ever monthly total in August as retailers react to strong consumer demand, providing carriers another tailwind to their improving fortunes. The Global Port Tracker, published monthly […]

Bangladesh floats infrastructure as Chittagong congestion cure There’s little room for containers at the Chittagong port or the container depots serving it. As congestion flares at the port of Chittagong, the government of Bangladesh says it will build a floating terminal at the port’s outer anchorage to facilitate the movement of containers to and from […]

Floating terminal to be built to relieve Chittagong congestion There’s little room for containers at the Chittagong port or the container depots serving it. As congestion flares at the port of Chittagong, the government of Bangladesh says it will build a floating terminal at the port’s outer anchorage to facilitate the movement of containers to […]

New carrier capacity heating up market share battle Fresh tonnage could upset the still-fragile balance of supply and demand in global container shipping. Two shipping industry analysts warn pending ship orders could reignite a battle for market share among the world’s major container lines, particularly if CMA CGM follows through on rumored orders of nine […]

China wastepaper import ban less severe than feared The latest crackdown is part of a larger policy to reign in solid waste imports China began in 2013. Although about 16 percent of US wastepaper exports to China could be lost due to the government’s latest ban on importation of scrap commodities, the estimated 160,000 TEU […]

Trans-Pacific spot rates hold onto gains of last week Higher demand is keeping spot rates elevated after a rate increase. Spot rates in the eastbound Pacific edged lower this week after spiking by double digits last week as carriers attempt to maintain their pricing power during the early stages of the peak-shipping season. The spot […]