Category Archives for Industry News

US-Canada border delays blamed on computer problems Unidentified computer problems reportedly caused severe truck congestion and delays Wednesday at some US-Canadian border crossings, particularly the Detroit Ambassador Bridge. Several news reports said US Customs and Border Protection experienced “national system issues” that delayed crossings by more than an hour in Detroit, the largest US truck […]

Santos shippers aghast after emergency dredging halted The Santos shipping community is demanding a quick resolution to costly draft restrictions. Shipping lines and shippers are apoplectic following a court ruling that suspended direly needed emergency dredging operations to restore a draft of 13.2 meters (43 feet) at the port of Santos. Previous draft restrictions led […]

Digital currency launched to reduce cargo no-shows Efficieny, not disruption, is the logic underpinning the start-up 300Cubits. The creators of a new industry-specific digital currency that shippers can use to book ocean shipments say so-called “cryptocurrency” could help reduce carrier overbooking and shipper no-shows, which cost the industry some $23 billion annually. The Hong Kong-based […]

Asia-Russia ocean rates to fall as import growth plateaus Volume through Russian Far East ports like Vladivostok surged in the first half of 2017. Asia-Russia ocean shipping rates could decline 30 to 40 percent from current levels by the end of this year as Russia’s economic growth slows and inventory builds up. Ocean shipping rates […]

Mundra intermodal rail service restored Monsoons interrupted port and surface transportation throughout western India over the last week. State-owned intermodal operator Container Corporation of India (Concor) announced it is accepting freight bookings for the Mundra port following the interruption of service due to flooding from heavy monsoon rains. “The restriction on loading of trains to […]

Container lines set for strong year for volume and pricing Stronger economic growth in the eurozone is anticipated to translate into higher volumes and profits on the Asia-Europe trade. Carriers on the Asia-Europe trade are heading for a vastly improved year as steady growth in both container volume and European economies continues to hold up […]

Container lines set for stronger year for volume and pricing Stronger economic growth in the eurozone is anticipated to translate into higher volumes and profits on the Asia-Europe trade. Carriers on the Asia-Europe trade are heading for a vastly improved year as steady growth in container volume and European economies continues to hold up freight […]

American Airlines boosts Europe truck footprint Second-quarter air cargo volumes at American Airlines rose by double-digits. American Airlines Cargo has boosted and expanded its European trucking network, adding services into London Heathrow and Barcelona airports to keep pace with rising demand for its 450 weekly departures. The trucking services operate via flight numbers, connecting offline […]

Asia-Europe spot rates tick up on growing demand The Asia-Europe spot rate gains this week paled in comparison to the increase in the trans-Pacific. The spot rate to move a TEU from Asia to Europe inched up this week from the prior week after three straight weeks of declines, potentially signalling a turning point for […]

Trans-Pac spot spike signals peak season in gear Spot market shipping rates from Shanghai to US West Coast ports such as Los Angeles jumped 62 percent from last week. Eastbound trans-Pacific spot rates surged by double-digits this week to the US East and West coasts after three straight weeks of decline, in a sign of […]