Category Archives for Industry News

Market aligning to trigger import surge on US West Coast: analyst Geopolitics, drought and longshore labor are creating substantial tailwinds that could, at least in the near term, dramatically boost West Coast market share, particularly Los Angeles and Long Beach, writes analyst Larry Gross. Market aligning to trigger import surge on US West Coast: analyst […]

Destocking freeing up US warehousing space, but costs remain elevated Continued diversification in US entry points will eventually lead to greater demand for warehousing and storage at inland nodes. Destocking freeing up US warehousing space, but costs remain elevated Journal of Commerce

Carriers quoting trans-Pac rates of ,000/FEU on Suez-linked equipment imbalances The new rate move by carriers comes as the security situation in the Red Sea shows no signs of improving and amid retail restocking in the US ahead of an early Lunar New Year. Carriers quoting trans-Pac rates of ,000/FEU on Suez-linked equipment imbalances Journal of […]

US trucking workforce on edge of seasonal cliff after job losses US trucking employment shrank last year, and seasonal trends point to more cuts in 2024 amid weak freight demand. US trucking workforce on edge of seasonal cliff after job losses Journal of Commerce

HMM boosts India-USEC capacity by signing onto ONE’s new WIN service HMM has opened an array of connections out of India in recent years, including the launch last August of a solo, 12-vessel string connecting the Far East, the Middle East and the Mediterranean. HMM boosts India-USEC capacity by signing onto ONE’s new WIN service […]

Red Sea attacks tackle high capacity-low rate challenge for carriers Some analysts are reassessing their outlook for the container shipping industry as the Red Sea crisis absorbs capacity and pushes rate levels higher on the Europe and US East Coast trade lanes out of Asia. Red Sea attacks tackle high capacity-low rate challenge for carriers […]

MSC, CMA CGM look to push stagnant trans-Atlantic rates higher Rates on the head-haul corridor have been at loss-making levels for the last few months, so carriers are trying to get prices up to what they consider more sustainable levels. MSC, CMA CGM look to push stagnant trans-Atlantic rates higher Journal of Commerce

Gulf Coast ports eyeing expansion amid ‘modest’ growth forecast Although they were unable to completely escape last year’s downturn, ports in the region recorded import declines that were well below the national average. Gulf Coast ports eyeing expansion amid ‘modest’ growth forecast Journal of Commerce

3PL Kenco expands warehousing reach in key US markets The acquisition of The Shippers Group gives Kenco greater distribution capacity and underscores resilient demand for space and integrated logistics services despite a weak freight market. 3PL Kenco expands warehousing reach in key US markets Journal of Commerce

US chassis demand tepid amid ample units, additional manufacturers Chassis lessors must work quickly to be prepared to unstack units when the international intermodal market rebounds. US chassis demand tepid amid ample units, additional manufacturers Journal of Commerce