Category Archives for Industry News

FMC judge rules in favor of HMM in rolled cargo complaint Despite initially failing to meet capacity commitments, the carrier extended the contract for three months at the previous year’s rate, saving the shipper $180,000. FMC judge rules in favor of HMM in rolled cargo complaint Journal of Commerce

End of EU block exemption a ‘missed opportunity’ for regulators: ITF’s Merk European regulators have never had enough information to effectively monitor the container shipping industry since the consortia block exemption rule was introduced in 2009, according to Olaf Merk. End of EU block exemption a ‘missed opportunity’ for regulators: ITF’s Merk Journal of Commerce

Busy intra-Asia market bucks trend in driving container demand growth: analyst The intra-Asian region is expected to be a hotbed of mergers and acquisitions in container shipping because that is where the growth in container demand is centered, writes analyst Lars Jensen. Busy intra-Asia market bucks trend in driving container demand growth: analyst Journal of […]

India-US contract rates hit fresh lows despite lower capacity from sailing cuts Given the persistent downward pressure on demand, it remains to be seen if India-US carriers will be able to push through a new round of modest rate hikes planned for December. India-US contract rates hit fresh lows despite lower capacity from sailing cuts […]

Control of US LTL capacity in 2024 hangs on sale of Yellow terminals An auction of Yellow’s 174 owned terminals is scheduled for Tuesday, with winning bids to be disclosed on Friday while a separate battle continues over 149 leased terminals. Control of US LTL capacity in 2024 hangs on sale of Yellow terminals Journal […]

ONE readies India-US East Coast service as part of 2024 network rollout The carrier is looking to expand beyond its two current services jointly offered with other liners with a standalone service meant to take advantage of the growing shift in sourcing from India. ONE readies India-US East Coast service as part of 2024 network […]

Ashcroft Terminal to expand railcar storage to alleviate Vancouver congestion The project, in coordination with the Vancouver Fraser Port Authority, is due to be completed in late 2024 and will help move cargo faster through Western Canada Ashcroft Terminal to expand railcar storage to alleviate Vancouver congestion Journal of Commerce

Asian air freight stages US, Europe rate surge in November Rising air cargo rates on the major Asian export trade lanes do not portend a peak season this year with analysts pointing to poor economic conditions exerting strong downward pressure on consumers in the US and Europe. Asian air freight stages US, Europe rate surge […]

Virginia’s resins export market gets boost with new million investment The Norfolk expansion plans from resin logistics specialist Katoen Natie come as more plastics production is going onstream in the Northeast US. Virginia’s resins export market gets boost with new million investment Journal of Commerce

Sharp rise in Asia-Europe Q3 volumes discounted by last year’s import slump On its own, the growth in container volumes on Asia to Europe trade lanes in the third quarter was impressive, but it compares with the steep slowdown in imports last year by overstocked retailers. Sharp rise in Asia-Europe Q3 volumes discounted by last […]