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Tale of two halves as OOCL banks billion net profit for 2022 OOCL is so confident its balance sheet can withstand current market challenges that the carrier has returned 70 percent of its net profit to shareholders. Tale of two halves as OOCL banks billion net profit for 2022 Journal of Commerce

ILWU Canada triggers federal intervention in contract talks with employers ILWU Canada is seeking significant wage increases, while automation of cargo-handling equipment, a source of tension in past contract negotiations, will likely once again be a prominent issue. ILWU Canada triggers federal intervention in contract talks with employers Journal of Commerce

Knight-Swift to buy truckload carrier US Xpress for 8 million  Knight-Swift, the largest US truckload provider, will substantially expand its reach and scalability for shippers with the purchase of US Xpress, the country’s ninth-largest truckload carrier. Knight-Swift to buy truckload carrier US Xpress for 8 million  Journal of Commerce

New IMO rules muddying vessel strategy for MPV, heavy-lift owners MPV and heavy-lift vessel owners need clarity on emissions, alternative fuels, and regulations before committing to new vessel schemes. New IMO rules muddying vessel strategy for MPV, heavy-lift owners Journal of Commerce

Disruptions always lurking in container shipping: analyst While the ocean shipping market has largely normalized after COVID-19, stakeholders would be wise to pursue a business strategy that takes operationally disruptive events into account, writes analyst Lars Jensen. Disruptions always lurking in container shipping: analyst Journal of Commerce

Cash-rich ocean carriers can ride out market downturn: AlixPartners Carriers can use their windfall profits of the COVID era to withstand the market downturn and are investing in strategic ways to supplement core liner shipping activities. Cash-rich ocean carriers can ride out market downturn: AlixPartners Journal of Commerce

Proactive approach to ISPM 15 progressing despite roadblocks Breakbulk shippers and logistics providers have several proposals for changes to ISPM 15 mitigation and enforcement measures pending approval from the USDA’s Animal and Plant Health Inspection Service. Proactive approach to ISPM 15 progressing despite roadblocks Journal of Commerce

FedEx Freight cuts costs but improves profit as US LTL volumes shrink With ‘every dollar under scrutiny,’ FedEx Freight is squeezing its trucking division, gaining financial improvements that better position the carrier for the next economic rebound.  FedEx Freight cuts costs but improves profit as US LTL volumes shrink Journal of Commerce

ILWU job action causing terminal gate delays in Los Angeles-Long Beach: PMA Longshoremen represented by ILWU Local 13 are refusing to stagger their meal breaks at the ports of Los Angeles and Long Beach, resulting in periods when no work is being done on the docks, says the Pacific Maritime Association. ILWU job action causing […]

Air cargo market weakens as capacity floods into service on major trades In addition to long-haul passenger aircraft with significant belly freight capacity coming back into service to capture growing travel business, several airlines are adding freighters to the major trade lanes. Air cargo market weakens as capacity floods into service on major trades Journal […]