Category Archives for Industry News

Intermodal savings poised to remain steady through end of the year: ISI  Shippers saved nearly 26% using domestic intermodal instead of highway options in the third quarter, roughly in line with long-term averages. Intermodal savings poised to remain steady through end of the year: ISI  Journal of Commerce

US imports from Asia hit 2023 high in October despite muted peak season While October is typically one of the busiest months of the year for West Coast ports, the region’s market share of imports from Asia slipped markedly from September, but carrier executives said that was an anomaly linked to capacity cuts in the […]

Cosco, Varamar expand MPV reach with strategic partnership The aim of the venture is to broaden the scope of the companies’ current operations, both geographically and in vessel size. Cosco, Varamar expand MPV reach with strategic partnership Journal of Commerce

Grim 2024 outlook drives Zim to take huge Q3 impairment loss The carrier is expecting next year to be dominated by significant overcapacity and weak demand, and with its balance sheet awash with expensive time charter capacity, it decided to factor in expected losses early. Grim 2024 outlook drives Zim to take huge Q3 impairment […]

House bill seeks to ensure funding for CBP capital costs linked to port inspections The bill is a response to growing CBP demands that ports pay for new inspection-related equipment, or risk having the agency reduce the amount of time its officers spend performing inspections. House bill seeks to ensure funding for CBP capital costs […]

Hamburg port volume turns positive in Q3 amid boost in Asia business There was significant improvement in Hamburg’s operational indicators through the third quarter, especially those covering trade with China, its biggest source of imports. Hamburg port volume turns positive in Q3 amid boost in Asia business Journal of Commerce

Shippers remain slow to embrace more expensive green shipping services Carriers are reporting some successes in convincing shippers to use their emissions-reduction services, but acceptance of premium – and costly – green products remains a hard sell in a market where rate levels are at record lows. Shippers remain slow to embrace more expensive green […]

East-West coast rate spread erodes amid shifts in volume, sourcing The long-standing spread, typically around $1,000, is now half that as volume growth returns to West Coast ports and shippers increasingly tap into Southeast Asia manufacturing. East-West coast rate spread erodes amid shifts in volume, sourcing Journal of Commerce

Rate spread between US East-West coasts erodes amid shifts in volume, sourcing The long-standing spread, typically around $1,000, is now half that as volume growth returns to West Coast ports and shippers increasingly tap into Southeast Asia manufacturing. Rate spread between US East-West coasts erodes amid shifts in volume, sourcing Journal of Commerce

GPA invests 2 million to upgrade Brunswick’s ro/ro facilities GPA’s ability to handle growing volumes has attracted the likes of Rivian and Hyundai, both planting roots in Georgia to export vehicles from new facilities through Brunswick. GPA invests 2 million to upgrade Brunswick’s ro/ro facilities Journal of Commerce