Journal of Commerce Rankings: Kerry consolidates top NVO position The overall market share of the top 25 non-vessel-operating common carriers in the eastbound trans-Pacific rose 0.8% year over year from January through May, signaling that the largest NVOs weren’t able to take much volume from mid-market peers. Journal of Commerce Rankings: Kerry consolidates top NVO […]
Read More →Service additions in trans-Pacific drive big boost in July deployed capacity
on July 16, 2024in Industry News
Service additions in trans-Pacific drive big boost in July deployed capacity Carriers over the past two months have launched or reinstated seven services from Asia to Los Angeles-Long Beach, and three to Vancouver and the Northwest Seaport Alliance of Seattle and Tacoma. Service additions in trans-Pacific drive big boost in July deployed capacity Journal of […]
Read More →US LTL carriers expanding next-day services in post-Yellow reset
on July 16, 2024in Industry News
US LTL carriers expanding next-day services in post-Yellow reset Pitt Ohio is the latest LTL carrier to announce additional next-day lanes as the redistribution of former Yellow terminals creates opportunities to speed freight. US LTL carriers expanding next-day services in post-Yellow reset Journal of Commerce
Read More →‘Super load’ cargo expected to arrive at Ohio chip plant this week
on July 16, 2024in Industry News
‘Super load’ cargo expected to arrive at Ohio chip plant this week A 458-ton cold box, one of 24 heavy-haul transports bound for Intel’s newest chip plant, is inching its way across Ohio after a year-plus of planning. ‘Super load’ cargo expected to arrive at Ohio chip plant this week Journal of Commerce
Read More →Rates from India to US, Europe explode amid heightened capacity pressures
on July 16, 2024in Industry News
Rates from India to US, Europe explode amid heightened capacity pressures Spot booking prices from West India to the US East and West coasts have seen four- to five-fold gains in the last week or so, according to local freight forwarders. Rates from India to US, Europe explode amid heightened capacity pressures Journal of Commerce
Read More →Most newbuild capacity headed to Asia-Europe amid ongoing diversions
on July 15, 2024in Industry News
Most newbuild capacity headed to Asia-Europe amid ongoing diversions The capacity deployments during the first half of 2024 show that smaller carriers have been deploying many of the new large ships serving the North America trade, while major alliance carriers have deployed most of their big vessels on Asia-Europe. Most newbuild capacity headed to Asia-Europe […]
Read More →Large forwarder acquisition activity, advent of AI puts pressure on midsize NVOs
on July 15, 2024in Industry News
Large forwarder acquisition activity, advent of AI puts pressure on midsize NVOs Midsize NVOs are always under pressure from an M&A perspective, say market observers, and the current freight rate environment is making it hard to value them accurately. Large forwarder acquisition activity, advent of AI puts pressure on midsize NVOs Journal of Commerce
Read More →Large forwarder acquisition activity, advent of AI puts pressure on mid-size NVOs
on July 15, 2024in Industry News
Large forwarder acquisition activity, advent of AI puts pressure on mid-size NVOs Mid-size NVOs are always under pressure from an M&A perspective, say market observers, and the current freight rate environment is making it hard to value them accurately. Large forwarder acquisition activity, advent of AI puts pressure on mid-size NVOs Journal of Commerce
Read More →Elevated rates set OOCL on track for highly profitable first half
on July 15, 2024in Industry News
Elevated rates set OOCL on track for highly profitable first half The Cosco subsidiary benefited from a sharp increase in rates as early peak season demand on the main trades out of Asia filled all available vessel capacity. Elevated rates set OOCL on track for highly profitable first half Journal of Commerce
Read More →Carriers revalue Colombo transshipment calls amid congestion, Indian hub push
on July 15, 2024in Industry News
Carriers revalue Colombo transshipment calls amid congestion, Indian hub push Colombo in recent months has found itself suffering serious capacity issues – an opportunity the Indian government and the country’s port stakeholders are looking to take advantage of. Carriers revalue Colombo transshipment calls amid congestion, Indian hub push Journal of Commerce
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