Category Archives for Industry News

Russia subsidizes imports railed from China The Russian government’s decision to subsidize imports from China arriving via rail will cut 10 to 15 percent off the cost of such services and allow trains to cover an extra 150 kilometers (93 miles) per day. It… Russia subsidizes imports railed from China Journal of Commerce

Air Canada Cargo adds Frankfurt to expanding freighter network Air Canada Cargo will start an all-cargo service between Toronto and Frankfurt on Nov. 19 in the latest expansion of its recently launched all-freighter network. The weekly 767-300 flights, operated by Cargojet in a… Air Canada Cargo adds Frankfurt to expanding freighter network Journal of Commerce

Mid-sized liners likely to lead next consolidation wave Medium-sized container lines likely will trigger the next round of consolidation in a bid to keep pace with market leaders that are pulling ahead following a… Mid-sized liners likely to lead next consolidation wave Journal of Commerce

Asia-ECSA spot rates continue to strengthen Freight rates are on the up on the Asia to east coast of South America trade lane following a drastic 40 percent reduction in capacity over the… Asia-ECSA spot rates continue to strengthen Journal of Commerce

Maersk says shippers' seeking stability driving market share gain More evidence of shippers’ engaging in a “flight to quality” by favoring container lines perceived to be stable following the Aug. 31 Hanjin Shipping bankruptcy came from Maersk Line’s third-quarter results released this week. The world’s largest… Maersk says shippers' seeking stability driving market share gain […]

Truckload firms look to asset-light units to get through downturn Truckload companies USA Truck and Celadon Group are not waiting for a recovery in the truckload market to materialize and pull them out of the red, instead working to get into the black with a stronger focus… Truckload firms look to asset-light units to get […]

Trans-Pacific spot rates reflect later than usual peak season November should signal the end of the peak-shipping season in the eastbound trans-Pacific trade, but in this unconventional year marked by the bankruptcy of Hanjin Shipping and unusually late holiday-season bookings, it… Trans-Pacific spot rates reflect later than usual peak season Journal of Commerce

Liverpool opens new mega-ship container terminal The port of Liverpool on Friday officially inaugurated a new deep-sea container terminal as it works to create a new ocean trading gateway to attract traffic from the UK’s dominant south and east coast hubs… Liverpool opens new mega-ship container terminal Journal of Commerce

Asia-Europe spot rates start to slip after three-week rally Spot rates on the Asia-Europe and Mediterranean trades began to give back the gains from last week’s rate increases with little demand to support a sustained rate… Asia-Europe spot rates start to slip after three-week rally Journal of Commerce

Concentration of liner shipping a step towards recovery, say analysts In the year 2000, the top five ocean liners controlled 35 percent of the world’s container capacity. By 2008, that had increased to 46 percent and by… Concentration of liner shipping a step towards recovery, say analysts Journal of Commerce