Category Archives for Industry News

New interoperable chassis pool launches in Memphis The new pool will generate options for truckers and cargo owners moving ocean containers through the major inland market. New interoperable chassis pool launches in Memphis Journal of Commerce

New chassis pool launches in Memphis to boost competition in market The new pool will generate options for truckers and cargo owners moving ocean containers through the major inland market. New chassis pool launches in Memphis to boost competition in market Journal of Commerce

Asia-Europe ocean shippers go to tender in a freight buyers’ market Still, sharply rising vessel operating costs could limit any exploitation of the supply-demand imbalance with carriers unwilling to accept loss-making contracts. Asia-Europe ocean shippers go to tender in a freight buyers’ market Journal of Commerce

Lack of investment constraining US breakbulk port capacity The funding shortage for breakbulk port facilities will create severe constraints on both cargo owners and vessel operators as offshore wind construction accelerates and new types of energy projects are developed. Lack of investment constraining US breakbulk port capacity Journal of Commerce

Georgia tells Supreme Court ILA ruling could jeopardize plans for third ocean terminal The Georgia Ports Authority plans to open a third ocean terminal in Savannah in 2030 and says updating its current hybrid labor model to an all-union workforce could cost the port $600 million in its first operating year. Georgia tells Supreme Court […]

Hub Group says it lost shippers because of uncompetitive rates Hub Group said its intermodal business trailed competitors in the third quarter despite a mini-peak that developed in Southern California in September. Hub Group says it lost shippers because of uncompetitive rates Journal of Commerce

‘No vacancy’ signs up on trans-Pacific as e-commerce demand absorbs air cargo capacity A month ago, no one was predicting a peak season for air cargo on the trans-Pacific, but finding space from China to the US has become difficult as e-commerce demand heats up. ‘No vacancy’ signs up on trans-Pacific as e-commerce demand absorbs […]

Port of Montreal labor talks head to mediation at longshore union’s request While neither side has made public its terms for a new collective bargaining agreement, sources familiar with the talks say the union is looking for a 20% increase in wages over four years and a faster seniority path for dockworkers. Port of Montreal […]

Forward Air says considering canceling Omni Logistics merger The apparent change of heart from Forward management comes as Forward activist investors opposed to the $150 million deal try to oust the company’s chief executive. Forward Air says considering canceling Omni Logistics merger Journal of Commerce

US LTL carriers gaining freight and hiking rates, but real recovery is elusive Less-than-truckload freight once hauled by Yellow is being “reallocated” among carriers, and rates are rising, but an underlying economic impetus for a surge in LTL demand is still missing. US LTL carriers gaining freight and hiking rates, but real recovery is elusive […]