Category Archives for Industry News

US truckload pricing expected to rise, but trajectory remains unclear Not all industry analysts believe a surge in demand is necessary for US truckload rates to rise in 2024, but some say capacity levels remain too high for a big move upward. US truckload pricing expected to rise, but trajectory remains unclear Journal of Commerce

Yellow attorneys quash ‘going concern’ bid for LTL network, equipment An attempt to buy and revive some version of Yellow was called “not viable” after a terminal auction raised $1.9 billion from 22 bidders. Yellow attorneys quash ‘going concern’ bid for LTL network, equipment Journal of Commerce

Port of Los Angeles plans to build near-dock chassis facility, container storage yard Although the project site is currently unused, it was pressed into service as a storage yard for empty containers during the pandemic, with as many as 7,000 boxes stored there when it was at full capacity in August 2022. Port of Los […]

Canadian shippers urge Ottawa to act as Montreal port talks hit impasse The union chief representing Montreal dockworkers said the big issue of wages has yet to be hashed out less than a month before the deadline for a possible strike at Canada’s second-busiest port. Canadian shippers urge Ottawa to act as Montreal port talks […]

FMC officer dismisses complaint against Hapag-Lloyd over street turn charge Motor carrier TCW was unable to prove that street turn fees violate US shipping law in one of the first test cases to see how the Federal Maritime Commission might regulate those charges. FMC officer dismisses complaint against Hapag-Lloyd over street turn charge Journal of […]

Glovis, partners order 12 new vehicle carriers, with options for more Hyundai Glovis has teamed up with HMM and Seaspan to spend almost $1.5 billion on new dual-fuel pure car and truck carriers as demand continues to surge in the ro/ro sector. Glovis, partners order 12 new vehicle carriers, with options for more Journal of […]

Green rules, tighter capacity make case for 2024 rate boost: Hapag-Lloyd CEO Rolf Habben Jansen said current rates are “not sustainable” given higher overall operating costs and the potential that excess ship capacity will be absorbed due to Panama Canal diversions and greenhouse gas rules. Green rules, tighter capacity make case for 2024 rate boost: […]

Domestic intermodal ‘havoc’ could give way to growth period: analyst While the domestic intermodal market may have been in turmoil for the last several years, all stakeholders look ready to support continued growth, writes Ted Prince. Domestic intermodal ‘havoc’ could give way to growth period: analyst Journal of Commerce

Bankrupt Yellow suspends auction of 147 leased terminals until Dec. 18 Suspending the auction of its remaining leased properties may give defunct LTL provider Yellow time to work out difficulties with landlords over the leases of potentially valuable properties. Bankrupt Yellow suspends auction of 147 leased terminals until Dec. 18 Journal of Commerce

Carriers adjust to rules requiring ETS surcharge to be included in China exports base rate While the preferred approach by carriers is to calculate exposure to the ETS and recover costs per container in a separate surcharge, that will not be possible for Chinese exports to Europe under Shanghai Shipping Exchange regulations. Carriers adjust to […]