Category Archives for Industry News

Panama Canal transits rise to almost normal levels as expansion work begins The move to increase ship traffic comes as canal officials have started talks with some of the inhabitants who will be affected by the $1.6 billion project to expand the canal’s water catchment, including construction of the Rio Indio reservoir. Panama Canal transits […]

No sign of slowdown in ongoing air cargo ‘peak season’ Not even the widespread disruption to global aviation from the Microsoft IT outage in mid-July could derail resurgent air freight markets. No sign of slowdown in ongoing air cargo ‘peak season’ Journal of Commerce

Raise fossil fuel price to spur demand, investment in green alternatives: WSC The container shipping lobby group believes higher costs levied on users of conventional bunkers is vital for the energy transition that requires multi-billion-dollar investments by fuel producers. Raise fossil fuel price to spur demand, investment in green alternatives: WSC Journal of Commerce

Nervous US shippers have few options in the face of port strike threat As the clock ticks down toward the expiration of ILA’s current contract, the window for frontloading to the East and Gulf coasts is closing and there’s limited potential for diversions through Canada and Mexico, writes Journal of Commerce Executive Editor Mark Szakonyi. […]

 Newark port project to give MSC’s terminal more room to grow The Port Authority of New York and New Jersey is looking to create more space for container operations with a multi-year project to move dry bulk operations from one port area to another.  Newark port project to give MSC’s terminal more room to grow […]

Rising LTL costs seen setting stage for non-asset options Uber Freight is managing a growing internal LTL network within Canada and cross-border trade, and others are looking for ways to create “alternative” LTL services. Rising LTL costs seen setting stage for non-asset options Journal of Commerce

Two niche ocean carriers team up in trans-Pacific as rates remain high SeaLead and TS Lines have a new vessel-sharing agreement within SeaLead’s recently launched Asia-US West Coast service, harkening back to the pandemic-era rush of new market entrants. Two niche ocean carriers team up in trans-Pacific as rates remain high Journal of Commerce

Early peak season demand drives big gain in ONE’s fiscal first quarter The Singapore-based carrier also said it is expecting to book an operating profit for its current financial year that is more than double its previous forecast despite a “highly uncertain” outlook for the rest of 2024. Early peak season demand drives big gain […]

Smaller forwarders tap into frustration of overheated ocean market Small and mid-sized forwarders that have watched the ocean shipping market play out this year are left to face the reality of a much-consolidated carrier base that has no qualms about driving up rates hard and fast when openings present themselves, writes Peter Tirschwell. Smaller forwarders […]

Knight-Swift acquisition expands LTL network coast-to-coast The takeover of Los Angeles-based Dependable Highway Express (DHE) allows Knight-Swift to reach 70% of the US population with its LTL services. Knight-Swift acquisition expands LTL network coast-to-coast Journal of Commerce