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Maersk says plunging, though profitable, Q1 will be its best for 2023 The rapid normalization of global cargo markets continues to drag down the financial results of carriers from the record highs of the past three years, with Maersk the latest line to report a sharp decline in first-quarter earnings and an uncertain outlook for […]

Flexport moves into fulfillment realm with Shopify Logistics acquisition Flexport expects both enterprise customers and small merchants to tap into the last-mile and fulfillment network it acquired with Shopify Logistics. Flexport moves into fulfillment realm with Shopify Logistics acquisition Journal of Commerce

ILWU, management approve manning deal for non-automated LA-LB terminals An agreement on manning requirements at conventional terminals at the ports of Los Angeles and Long Beach could open the door for a deal on a tentative coastwide contract in the next couple of weeks, sources say. ILWU, management approve manning deal for non-automated LA-LB terminals […]

FMC crackdown on ocean carrier billing prompts Houston per diem change The Port of Houston is changing its tariff to align with ocean carriers who are no longer charging detention and demurrage fees when terminal gates are closed, but it’s also increasing its own fees to incentivize cargo movement. FMC crackdown on ocean carrier billing […]

US shipping interests want FMC to regulate rail storage fees Currently, there is no US regulatory agency with direct authority to oversee application of rail storage fees under ocean carriers’ through bills of lading and to determine whether those charges are assessed properly. US shipping interests want FMC to regulate rail storage fees Journal of […]

Textainer CEO sees better H2 ahead for container shipping While the executive expects some level of demand rebound in the second half, he hedged that the summer season may not be as healthy as a typical year given uncertainties in the economy and consumer sentiment. Textainer CEO sees better H2 ahead for container shipping Journal […]

Rail savings persisted in Q1, but were down from a year ago: ISI Intermodal shippers are saving less than a year ago, but they should anticipate that savings will increase in the months ahead as more annual contracts are signed. Rail savings persisted in Q1, but were down from a year ago: ISI Journal of […]

Europe’s ETS creating new contractual complexities for shipping industry Finding a way to incorporate Europe’s emissions regulations into contracts between those in the shipping value chain is taxing the industry’s financial minds with just eight months to go before the rule is implemented. Europe’s ETS creating new contractual complexities for shipping industry Journal of Commerce

Crowley, CN strike Mexico intermodal deal through Port of Mobile Jones Act carrier Crowley will offer a new international container service from Mexico’s Gulf Coast into Mobile that will use Canadian National for inland reach to the US Midwest and Canada. Crowley, CN strike Mexico intermodal deal through Port of Mobile Journal of Commerce

GRI attempts yield partial recovery success for India-US carriers Forwarders generally believe the limited GRI gains that have been achieved or are anticipated in the coming weeks on the India-US trades will be short-lived unless more capacity is withdrawn or a large increase in volumes occurs. GRI attempts yield partial recovery success for India-US carriers […]