Category Archives for Industry News

OOCL posts 2023 net profit, though slashed significantly in ‘normalizing’ market The carrier gave a highly uncertain outlook for the industry, outlining a litany of potential disruptors for 2024 that include Red Sea vessel diversions, high interest rates and geopolitical tensions. OOCL posts 2023 net profit, though slashed significantly in ‘normalizing’ market Journal of Commerce

OOCL posts 2023 net profit, although slashed significantly in ‘normalizing’ market The carrier gave a highly uncertain outlook for the industry, outlining a litany of potential disruptors for 2024 that include Red Sea vessel diversions, high interest rates and geopolitical tensions. OOCL posts 2023 net profit, although slashed significantly in ‘normalizing’ market Journal of Commerce

DB Schenker profitable 2023 shows it’s still the jewel in Deutsche Bahn crown The global forwarder is up for sale, and its high level of profitability during an otherwise challenging year for logistics could improve a selling price that analysts have already said could top $20 billion. DB Schenker profitable 2023 shows it’s still the […]

Uber Freight expands drop-and-hook program with emphasis on utilization Demand for drop-and-hook capacity is prompting freight broker Uber Freight to invest in more markets for its Powerloop program, which marries GPS tracking of trailers to available shipper loads. Uber Freight expands drop-and-hook program with emphasis on utilization Journal of Commerce

Small trucking firms handling more freight, slowing capacity drain: survey A Truckstop.com survey of more than 2,000 US motor carriers found those fleets drove an additional 3,000 miles in 2023 and handled more loads, staying on the road and slowing an expected decline in available capacity. Small trucking firms handling more freight, slowing capacity drain: […]

SC Ports land deal seeks to make North Charleston ready for bigger ships The purchase of an industrial site next to the terminal is part of Charleston’s plan to allow the facility to handle container ships that are double the size of the vessels it can currently accommodate. SC Ports land deal seeks to make […]

SC Ports lands deal seeks to make North Charleston ready for bigger ships The purchase of an industrial site next to the terminal is part of Charleston’s plan to allow the facility to handle container ships that are double the size of the vessels it can currently accommodate. SC Ports lands deal seeks to make […]

APM enhances partnership for ultra-large container terminal at Haiphong port The terminal operator said it hatched a new agreement with a Vietnamese logistics company that increases its involvement in developing an ultra-large container terminal in the country’s northern region. APM enhances partnership for ultra-large container terminal at Haiphong port Journal of Commerce

India-US carriers lower spot rates for end-March sailings to push bookings As the market softens, carriers have jettisoned previously announced rate activity for March, with Mediterranean Shipping Co. canceling a $1,000-per-container general rate increase and CMA CGM again postponing a peak season surcharge. India-US carriers lower spot rates for end-March sailings to push bookings Journal […]

Regulators must take slower approach to mandating green trucks: trade groups Members of the Clean Freight Coalition say they aren’t opposed to converting from diesel to electric vehicles, but argue that regulators are pushing timelines that are too aggressive and will cause supply chain disruptions and higher prices. Regulators must take slower approach to mandating […]