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Truckload carriers driving through lengthy freight market ‘bottom’ US truckload carrier executives say they don’t see any signs that freight demand will pick back up until the end of 2023. Truckload carriers driving through lengthy freight market ‘bottom’ Journal of Commerce

Maersk’s contract business cushions impact of ‘normalizing’ market The carrier has more than two-thirds of its volume under long-term agreements, which provided some insulation from the tumbling second quarter spot market. Maersk’s contract business cushions impact of ‘normalizing’ market Journal of Commerce

Cosco to control largest semi-submersible fleet after deal with Guangzhou Salvage The joint venture will increase Cosco’s fleet to 18 heavy-lift semi-submersible vessels by the end of 2023. Cosco to control largest semi-submersible fleet after deal with Guangzhou Salvage Journal of Commerce

HMM puts larger ships into trans-Pacific as Yang Ming signs on for slots The deal with Yang Ming follows similar slot charter agreements that HMM inked with Hapag-Lloyd in mid-July and Ocean Network Express in March. HMM puts larger ships into trans-Pacific as Yang Ming signs on for slots Journal of Commerce

Ocean carriers, retailers failing in drive to decarbonize: Ship It Zero A report card from the environmental campaigner claimed there was distinct lack of progress towards reducing emissions from the world’s largest retailers and ocean carriers. Ocean carriers, retailers failing in drive to decarbonize: Ship It Zero Journal of Commerce

US LTL carriers expanding revenue, profitability despite ongoing consolidation The number of large US less-than-truckload carriers is shrinking, but the remaining operators are more profitable, have higher revenues and play a bigger role in customer’s supply chains. US LTL carriers expanding revenue, profitability despite ongoing consolidation Journal of Commerce

Yellow, lenders talk bankruptcy financing as stock price surges Hedging and short selling made Yellow a “meme stock” early this week, but experts say rumors of a comeback are as wildly misplaced as investors’ cash. Yellow, lenders talk bankruptcy financing as stock price surges Journal of Commerce

Ocean market shows signs of life despite forecasts for muted peak season While the magnitude of peak season in any given year may have macroeconomic significance in shedding light on the strength of consumer spending and the economy overall, it is only one factor driving the market conditions that affect the physical movement of goods, […]

Carriers tell FMC not to ‘weaponize’ proposed rule on refusal of service The rulemaking has underscored sharp divisions in the industry on whether the maritime regulator needs to take a heavier hand with liners following complaints by shippers. Carriers tell FMC not to ‘weaponize’ proposed rule on refusal of service Journal of Commerce

Schneider goes deeper into dedicated trucking with M&M acquisition Schneider’s acquisition of M&M Transport underscores the ongoing popularity of dedicated transportation among shippers and carriers, even in an era of excess truckload capacity.  Schneider goes deeper into dedicated trucking with M&M acquisition Journal of Commerce