High-flying trans-Atlantic air cargo volume posts March decline Steadily increasing volume on trans-Atlantic air freight routes ended in March as demand growth slowed for the first time in two years. High-flying trans-Atlantic air cargo volume posts March decline Journal of Commerce
Read More →Capacity cuts lifted Asia-Europe spot rates in late March
on April 4, 2023in Industry News
Capacity cuts lifted Asia-Europe spot rates in late March A slight rate bounce in Asia-Europe does not signal an improvement in demand, say forwarders, who expect a sustained increase in rates will only come with a restocking drive by European importers. Capacity cuts lifted Asia-Europe spot rates in late March Journal of Commerce
Read More →NY-NJ gets rail grant as port seeks to grow intermodal franchise
on April 3, 2023in Industry News
NY-NJ gets rail grant as port seeks to grow intermodal franchise The Port of New York and New Jersey aims to complete a project in the next two years designed to speed the movement of intermodal trains as other ports along the East Coast jockey for discretionary cargo. NY-NJ gets rail grant as port seeks […]
Read More →Carriers implement sailing cuts amid berth work at India’s JNPT
on April 3, 2023in Industry News
Carriers implement sailing cuts amid berth work at India’s JNPT On top of erratic berth availability at JNPT, ocean carriers have received a cost escalation blow with India’s national port regulator approving significant tariff hikes at two key terminals. Carriers implement sailing cuts amid berth work at India’s JNPT Journal of Commerce
Read More →CMA CGM air cargo deal with Air France-KLM takes off
on April 3, 2023in Industry News
CMA CGM air cargo deal with Air France-KLM takes off The 10-year partnership between Air France-KLM and CMA CGM will dramatically expand the available air cargo capacity and global network of the France-based fleet. CMA CGM air cargo deal with Air France-KLM takes off Journal of Commerce
Read More →Shipper savings to rocket in 2023 at expense of carrier profits: analysts
on April 3, 2023in Industry News
Shipper savings to rocket in 2023 at expense of carrier profits: analysts The normalization of container shipping markets on the major trade lanes out of Asia will slash carrier profits this year, but falling rate levels will also yield significant savings for shippers. Shipper savings to rocket in 2023 at expense of carrier profits: analysts […]
Read More →Shipping reform would not have prevented pandemic-era disruption: analyst
on April 3, 2023in Industry News
Shipping reform would not have prevented pandemic-era disruption: analyst While it may be easy to understand the desire to fix container shipping’s perceived problems with government intervention, no amount of reform would have prevented the shortage of capacity or record freight rates during the pandemic disruption, writes analyst Lars Jensen. Shipping reform would not have […]
Read More →APM plans to double container capacity at Rotterdam terminal
on March 31, 2023in Industry News
APM plans to double container capacity at Rotterdam terminal APM said the new section of the terminal will operate with net-zero emissions and be fully automated and prepared for shore power installation. APM plans to double container capacity at Rotterdam terminal Journal of Commerce
Read More →Asia-USWC schedule reliability fell in February, bucking global trend
on March 31, 2023in Industry News
Asia-USWC schedule reliability fell in February, bucking global trend Reliability on the world’s busiest trade lane, the trans-Pacific, remains well below the global average, with recent performance to the West Coast showing ongoing deterioration. Asia-USWC schedule reliability fell in February, bucking global trend Journal of Commerce
Read More →Dispute over restructuring between Yellow, Teamsters gets more strident
on March 31, 2023in Industry News
Dispute over restructuring between Yellow, Teamsters gets more strident Yellow calls Teamster complaints about its restructuring plans baseless and inaccurate, and urges “serious discussion” as accusations escalate. Dispute over restructuring between Yellow, Teamsters gets more strident Journal of Commerce
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