Category Archives for Industry News

Convoy acquisition meant to serve import customer truckload demand: Flexport CEO Ryan Petersen tells the Journal of Commerce that the first order of business after this week’s acquisition of Convoy’s tech stack is getting the Convoy app running again and reaching out to the shuttered company’s customers. Convoy acquisition meant to serve import customer truckload […]

Volume growth underscores need for expansion at Port Tanger Med Given the current growth rate, Morrocco’s Tanger Med could reach its nominal annual container capacity of 9 million TEUs as early as next year. Volume growth underscores need for expansion at Port Tanger Med Journal of Commerce

Maersk cuts more jobs, warns of ‘dire situation’ for container market The carrier expects no short-term improvement in the container shipping market as large numbers of new vessels are delivered and capacity management measures appear unable to stem falling rate levels. Maersk cuts more jobs, warns of ‘dire situation’ for container market Journal of Commerce

‘Aggressive’ truck brokers stuck in soft market: C.H. Robinson The largest US freight broker expects more companies to follow Convoy and exit the market as demand remains weak and rates stay low.  ‘Aggressive’ truck brokers stuck in soft market: C.H. Robinson Journal of Commerce

ONE expands Indian network amid signs of export trade recovery A raft of recent service additions and enhancements has cemented the carrier’s intra-Asia reach for Indian customers. ONE expands Indian network amid signs of export trade recovery Journal of Commerce

Automation forcing its way into freight audit and payment market The need for shippers and brokers to speed up the auditing and payment of freight bills is bringing AI and automation-focused vendors to the fore. Automation forcing its way into freight audit and payment market Journal of Commerce

Carriers, shippers prepare for 2024 amid spectrum of uncertainty: analyst Forecasts are important for the container shipping industry, but it comes down to identifying and categorizing risk and then using that approach to develop a robust plan in the face of “known uncertainties,” writes analyst Lars Jensen. Carriers, shippers prepare for 2024 amid spectrum of […]

Southeast governors say ILA could ‘weaponize’ Leatherman court decision Six amicus briefs have been filed to the US Supreme Court supporting the South Carolina Ports Authority’s position that the ILA is illegally forcing carriers to boycott Charleston’s Hugh Leatherman Terminal as a means to acquire jobs that belong to state employees. Southeast governors say ILA […]

USWC-bound ships boost reliability in September amid cargo push On-time performance to the West Coast improved during the busiest month of 2023 for Asian imports to date, but East Coast reliability took a dip. USWC-bound ships boost reliability in September amid cargo push Journal of Commerce

Omni Logistics sues Forward Air to enforce completion of merger deal Freight forwarder Omni isn’t giving up on a merger with Forward and is moving to force completion of the deal despite Forward’s cold feet.  Omni Logistics sues Forward Air to enforce completion of merger deal Journal of Commerce