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Freightos’ 2022 financials reveal losses amid improving operating margins Freight rate booking marketplace Freightos said its unprofitable business is seeing improving margins and that scale will help it past the breakeven point. Freightos’ 2022 financials reveal losses amid improving operating margins Journal of Commerce

Wan Hai faces 0,000 fine under revised FMC settlement over detention charges Wan Hai is now looking at a larger civil penalty than it faced nearly a year ago following an investigation into detention charges the carrier assessed in the spring of 2021. Wan Hai faces 0,000 fine under revised FMC settlement over detention charges […]

Wan Hai faces 0,000 fine under revised FMC settlement Wan Hai is now looking at a larger civil penalty than it faced nearly a year ago following an investigation into detention charges the carrier assessed in the spring of 2021. Wan Hai faces 0,000 fine under revised FMC settlement Journal of Commerce

US trucking, warehousing firms shed jobs, but still have more than a year ago Most of the transportation job losses reported for February were due to seasonal cuts rather than economic contraction, according to the US Bureau of Labor Statistics. US trucking, warehousing firms shed jobs, but still have more than a year ago Journal […]

MSC drops India calls on intra-Asia string amid network realignment MSC and other leading carriers serving Indian trades have been rejigging their service networks and vessel deployments in a bid to match excess capacity with weakening demand conditions. MSC drops India calls on intra-Asia string amid network realignment Journal of Commerce

Global supply chains not quite back to pre-pandemic norms: analyst A variety of data sources suggest it is premature to conclude that supply chain bottlenecks have reverted to their pre-COVID levels, as issues continue to be more pervasive than before the pandemic, writes analyst Jason Miller. Global supply chains not quite back to pre-pandemic norms: […]

FMC outlines million budget request to enhance market oversight The Federal Maritime Commission is preparing to ask for another big increase in its budget as it looks to increase market surveillance and enforce OSRA-22. FMC outlines million budget request to enhance market oversight Journal of Commerce

‘Precipitous’ fall in ocean spot market near bottom: Zim CFO Restocking by US retailers will spur demand on the trans-Pacific and arrest the steep drop in freight rates in the second half of the year, according to Israel-based carrier Zim. ‘Precipitous’ fall in ocean spot market near bottom: Zim CFO Journal of Commerce

US chassis market nearing ‘equilibrium’ after disruptive shortages Chassis providers believe the equipment shortages that bogged down inland supply chains in 2021 and 2022 will soon no longer be an issue for shippers, allowing the industry to return to a more typical supply/demand balance. US chassis market nearing ‘equilibrium’ after disruptive shortages Journal of Commerce

Ocean carriers on transnational regulatory defensive over antitrust immunity Stripped of antitrust protection that is under scrutiny on both sides of the Atlantic and the legal certainty of being able to operate within alliances and perhaps even vessel-sharing agreements, ocean carriers could be all but forced to operate independently, writes Peter Tirschwell. Ocean carriers on […]