Summer doldrums pressure MPV sector, but long-term view positive Sentiment is more positive in the longer term, with industry observers predicting a rebound in rates from 2024 onwards due to stronger cargo volumes and tight tonnage supply. Summer doldrums pressure MPV sector, but long-term view positive Journal of Commerce
Read More →LA-LB vessel backlog cleared as West Coast negotiators remain at bargaining table
on June 9, 2023in Industry News
LA-LB vessel backlog cleared as West Coast negotiators remain at bargaining table Talks between the ILWU and maritime employers continued Friday for a third straight day, which sources called a positive indicator with negotiations hitting the 13-month mark this weekend. LA-LB vessel backlog cleared as West Coast negotiators remain at bargaining table Journal of Commerce
Read More →US LTL trucking companies improving yield, profitability despite headwinds
on June 9, 2023in Industry News
US LTL trucking companies improving yield, profitability despite headwinds Data from analysts and carriers shows less-than-truckload providers are staying disciplined when it comes to pricing despite a freight recession and softer US economy. US LTL trucking companies improving yield, profitability despite headwinds Journal of Commerce
Read More →Diverse players eyeing project forwarding space
on June 9, 2023in Industry News
Diverse players eyeing project forwarding space Changes at Maersk and Combi-Lift reveal interest in capturing a larger share of the project forwarding market. Diverse players eyeing project forwarding space Journal of Commerce
Read More →US House bill aims to cap further growth in ship emissions
on June 9, 2023in Industry News
US House bill aims to cap further growth in ship emissions Legislation now in Congress would put commercial shipping under the oversight of the US Clean Air Act and set increasing targets for cutting carbon dioxide emissions. US House bill aims to cap further growth in ship emissions Journal of Commerce
Read More →Southern California ports navigate vessel backlog after ILWU job actions
on June 8, 2023in Industry News
Southern California ports navigate vessel backlog after ILWU job actions Cargo handling was back to normal Thursday in Los Angeles and Long Beach for the first time in a week, but the ports are now struggling with a large vessel backlog after not having sufficient longshore labor. Southern California ports navigate vessel backlog after ILWU […]
Read More →Standoff between Yellow, Teamsters puts LTL shippers on alert
on June 8, 2023in Industry News
Standoff between Yellow, Teamsters puts LTL shippers on alert Yellow claims its ability to “continue as a going concern” is being impaired by Teamster opposition to its restructuring. Standoff between Yellow, Teamsters puts LTL shippers on alert Journal of Commerce
Read More →Wilmington port gets new operator after GT USA’s unsettled tenure
on June 8, 2023in Industry News
Wilmington port gets new operator after GT USA’s unsettled tenure The Delaware port will be turned over to terminal operator Enstructure, which has committed to advancing the proposed Edgemoor container terminal project. Wilmington port gets new operator after GT USA’s unsettled tenure Journal of Commerce
Read More →CSX looks to dismiss Hapag-Lloyd complaint amid FMC oversight question
on June 8, 2023in Industry News
CSX looks to dismiss Hapag-Lloyd complaint amid FMC oversight question While the FMC has jurisdiction over ocean carriers, it cannot regulate railroads simply because of their association with container lines, CSX said in a motion to disentangle itself from a demurrage complaint. CSX looks to dismiss Hapag-Lloyd complaint amid FMC oversight question Journal of Commerce
Read More →IMO must set zero-emission target for 2050: Norwegian shipowners
on June 8, 2023in Industry News
IMO must set zero-emission target for 2050: Norwegian shipowners The shift to green fuels needs to be “supercharged” by establishing a clear zero-emissions target at the IMO’s July meeting, according to an Oslo-based shipowner group. IMO must set zero-emission target for 2050: Norwegian shipowners Journal of Commerce
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