Category Archives for Industry News

Maersk, Hapag-Lloyd put shippers on notice ahead of European ETS surcharges The phased implementation of Europe’s emissions trading system on the shipping industry beginning next year will generate significant costs for carriers that will be passed on to customers in the form of new charges. Maersk, Hapag-Lloyd put shippers on notice ahead of European ETS […]

Pandemic, shipping reform boost caseload for harried FMC Shippers more than tripled their formal complaints in fiscal year 2022, emboldened by the maritime regulator’s sharpened focus on how ocean carriers interact with their customers. Pandemic, shipping reform boost caseload for harried FMC Journal of Commerce

Estes wins battle to control sale of Yellow terminals amid tightening LTL capacity  A US bankruptcy court approved a $1.525 billion bid by Estes Express Lines to be the “stalking horse” that sets the floor price for Yellow’s terminals at auction, controlling their sale in November. Estes wins battle to control sale of Yellow terminals […]

LA-LB must do more to reduce port emissions despite 2022 declines: regulator Emissions spiked at the ports during the pandemic due to record container volumes and unprecedented supply chain bottlenecks that caused ships to idle at anchorage and trucks to back up at terminal gates. LA-LB must do more to reduce port emissions despite 2022 […]

August volume boost, FAK rate revisions drive India-Europe rates higher Signaling some growth expectations, Indian container volumes saw gains in August, hitting 1.9 million TEUs, up 14% from 1.7 million TEUs a year earlier. August volume boost, FAK rate revisions drive India-Europe rates higher Journal of Commerce

Trans-Atlantic blank sailings to ease despite loss-making rate levels Carriers appear reluctant to make the drastic capacity reductions required to match supply with demand on the westbound trade lane, leaving rates far below pre-pandemic levels. Trans-Atlantic blank sailings to ease despite loss-making rate levels Journal of Commerce

More trans-Pac service cuts on tap for October as carriers seek to buoy rates The decision to suspend a service outright may represent a new leg down in terms of ship capacity, which is expected to grow sharply this year and next. More trans-Pac service cuts on tap for October as carriers seek to buoy […]

Norfolk Southern teams with tech company to ease intermodal cargo flow The Class I railroad and DrayNow will launch an app in 2024 designed to digitize, organize and streamline processes that have previously been performed via e-mail or over the phone. Norfolk Southern teams with tech company to ease intermodal cargo flow Journal of Commerce

Asia-North Europe blank sailings to soar in October amid capacity overhang Ocean carriers on the busy trade lane plan to slash deployed capacity to match falling demand levels that typically follow China’s Golden Week holiday at the start of October. Asia-North Europe blank sailings to soar in October amid capacity overhang Journal of Commerce

Intermarine, JSA target Chilean metals, energy markets with new subsidiary Affiliated carriers Intermarine and Jumbo-SAL-Alliance are poised to reap new cargo from the expected growth boom in South American mining, green fuels and wind. Intermarine, JSA target Chilean metals, energy markets with new subsidiary Journal of Commerce