Category Archives for Industry News

India’s Adani secures big US investment for Colombo container terminal project The move holds considerable significance as it comes amid accelerated efforts by India and the US to boost bilateral ties at multiple levels. India’s Adani secures big US investment for Colombo container terminal project Journal of Commerce

Deteriorating ocean market hits CMA CGM’s third-quarter earnings The carrier remains profitable, but rate levels maintained their downward trend as the global economic slowdown continued to weigh on the container shipping industry. Deteriorating ocean market hits CMA CGM’s third-quarter earnings Journal of Commerce

US shippers expanding private fleets in uncertain truck market The need for greater supply chain stability, not just control over on-time service, is driving growth in the number of private fleets run by shippers even in a time of cheap truck rates. US shippers expanding private fleets in uncertain truck market Journal of Commerce

Container volume decline shows trouble on Canadian-US border: analyst The intermodal routing option from Canada to the Midwest began to fall out of favor beginning in 2021 and accelerated in late 2022 when ISO containers moving in the lane fell below levels last seen six years ago. Container volume decline shows trouble on Canadian-US border: […]

Carbon tax needed to spur real action on maritime emissions Despite public commitments by some 4,000 companies globally to reduce Scope 3 emissions, ocean shippers have thus far been unwilling to pay higher-than-market freight rates to achieve those goals. Carbon tax needed to spur real action on maritime emissions Journal of Commerce

Container market shows ‘no encouraging signs’ of recovery: HMM The South Korean carrier ‘s financial results followed the industry’s downward trend and although HMM remains profitable, it is not far above the loss-making line. Container market shows ‘no encouraging signs’ of recovery: HMM Journal of Commerce

Rising marine terminal charges stir ire of Australian shipper groups DP World Australia plans to hike terminal access charges by up to 50% at its four terminals in the country from Jan. 1. Rising marine terminal charges stir ire of Australian shipper groups Journal of Commerce

Bid from car hauler to revive defunct Yellow has shippers skeptical Jack Cooper Transport wants to outbid other truckers for the assets of the bankrupt less-than-truckload provider, but it’s not clear how the bid would work. Bid from car hauler to revive defunct Yellow has shippers skeptical Journal of Commerce

CBP increases scrutiny of skyrocketing low-value international shipments An explosion in the use of the so-called de minimis provision, which enables US consignees to bring in a package under $800 in value each day, has US customs regulators worried about the intrusion of illicit goods, such as fentanyl. CBP increases scrutiny of skyrocketing low-value international […]

ILA looking for local ports to bring in more union foremen Alongside broader talks on wages for its members, the International Longshoremen’s Association said individual ports need to use more union supervisors and foremen, particularly throughout the South. ILA looking for local ports to bring in more union foremen Journal of Commerce