Category Archives for Industry News

US retailers increase import forecast amid expectations for ‘record’ holiday sales A strong Black Friday and Cyber Monday, coupled with rosy sales expectations, are spurring US retailers to boost their import forecasts for early 2024, according to the National Retail Federation. US retailers increase import forecast amid expectations for ‘record’ holiday sales Journal of Commerce

Crew, vessel safe after Maersk container ship targeted in latest Red Sea attack Attacks have intensified since the end of last month when Iran-backed Houthi rebels began indiscriminately targeting ships sailing in the Red Sea near Yemen, leading some operators to avoid sailing in the area. Crew, vessel safe after Maersk container ship targeted in […]

Congress urged to pass legislation quickly for harbor navigational projects The Water Resources Development Act, which provides funding for deepening and widening projects at US ports, has no set timeline to be implemented and stakeholders worry the delay will hinder critical work. Congress urged to pass legislation quickly for harbor navigational projects Journal of Commerce

Wide variances remain in ETS levies ahead of Jan. 1 start date While carriers have been revising their ETS surcharges with carbon pricing on the markets becoming clearer ahead of the implementation date, the price differences have shippers and analysts scratching their heads. Wide variances remain in ETS levies ahead of Jan. 1 start date […]

Wide variances remain in Europe ETS levies ahead of Jan. 1 start date While carriers have been revising their ETS surcharges with carbon pricing on the markets becoming clearer ahead of the implementation date, the price differences have shippers and analysts scratching their heads. Wide variances remain in Europe ETS levies ahead of Jan. 1 […]

Ongoing Yellow terminal auction seen reshaping a smaller US LTL sector Large LTL carriers are snapping up shuttered properties once owned by the bankrupt company, but US LTL capacity overall may shrink in 2024, industry experts warn. Ongoing Yellow terminal auction seen reshaping a smaller US LTL sector Journal of Commerce

THE Alliance adjusts 2024 network amid Panama Canal restrictions Next year’s schedule will see two services that were suspended in 2023 remain offline, but two Asia-US services will be restored and new port calls added overall. THE Alliance adjusts 2024 network amid Panama Canal restrictions Journal of Commerce

THE Alliance’s 2024 network adds port calls as services remain suspended Next year’s schedule will see two services that were suspended in 2023 remain offline, but two Asia-US services will be restored and new port calls added overall. THE Alliance’s 2024 network adds port calls as services remain suspended Journal of Commerce

Truckers fighting ILWU, LA-LB terminal operators over chassis paperwork proposal Truckers say implementing the measure would push average truck turn times in Los Angeles and Long Beach, already among the highest in the US, even higher. Truckers fighting ILWU, LA-LB terminal operators over chassis paperwork proposal Journal of Commerce

Panama Canal congestion, Red Sea ‘war risk’ premium complicating MPV outlook Voyage diversions needed to avoid Panama Canal drought restrictions and the increasingly risky Red Sea route will remove multipurpose and heavy-lift capacity from the global fleet, which in turn is likely to slow the rate slide seen during 2023, analysts say. Panama Canal congestion, […]