Hapag-Lloyd returns to profit in Q1, but baffled by current rate spike The carrier’s CEO said buyers could be pulling orders forward because of concerns over global geopolitical uncertainties or said rates could be driven by a more general restocking to replenish inventories. Hapag-Lloyd returns to profit in Q1, but baffled by current rate spike […]
Read More →Hapag-Lloyd returns to profit in Q1, but baffled by current rate spike
on May 15, 2024in Industry News
NY-NJ port swaps assets with NYC to grow Brooklyn, Staten Island terminals
on May 15, 2024in Industry News
NY-NJ port swaps assets with NYC to grow Brooklyn, Staten Island terminals The Port Authority of New York and New Jersey will take full control of the Howland Hook marine terminal in Staten Island while New York City will take over Brooklyn’s Red Hook terminal. NY-NJ port swaps assets with NYC to grow Brooklyn, Staten […]
Read More →US intermodal savings showed little movement in first quarter
on May 15, 2024in Industry News
US intermodal savings showed little movement in first quarter The average cost savings for a shipper choosing intermodal rail over truckload was about 26% in the first quarter, according to the latest Journal of Commerce Intermodal Savings Index. US intermodal savings showed little movement in first quarter Journal of Commerce
Read More →Evergreen, HMM latest Asia-based carriers to report Q1 profit surge
on May 15, 2024in Industry News
Evergreen, HMM latest Asia-based carriers to report Q1 profit surge Evergreen Marine’s first-quarter net profit of $537 million was among the highest quarterly profit posted by container lines in the post-COVID 19 era, according to Alphaliner. Evergreen, HMM latest Asia-based carriers to report Q1 profit surge Journal of Commerce
Read More →Failed electrical breaker triggered Dali crash: NTSB
on May 14, 2024in Industry News
Failed electrical breaker triggered Dali crash: NTSB A preliminary federal investigation found the use of a different breaker configuration than had been previously in use onboard the Dali that led to a series of power blackouts on its outbound voyage. Failed electrical breaker triggered Dali crash: NTSB Journal of Commerce
Read More →Port NOLA CEO stepping down amid major expansion
on May 14, 2024in Industry News
Port NOLA CEO stepping down amid major expansion Brandy Christian led the Port of New Orleans during the acquisition of its on-dock rail network and spearheaded the development of a new terminal that will allow the port to service ultra-large ships. Port NOLA CEO stepping down amid major expansion Journal of Commerce
Read More →Trans-Pacific carriers slashing NVO allocations as spot rates spike
on May 14, 2024in Industry News
Trans-Pacific carriers slashing NVO allocations as spot rates spike Trans-Pacific carriers are restricting forwarders’ access to fixed “named-account” rates and pushing bookings to the much higher spot market pricing. Trans-Pacific carriers slashing NVO allocations as spot rates spike Journal of Commerce
Read More →Gap between US LTL, truckload pricing growing
on May 14, 2024in Industry News
Gap between US LTL, truckload pricing growing Average US truckload pricing has hardly risen since last June, while less-than-truckload costs continue to climb due to tighter capacity. Gap between US LTL, truckload pricing growing Journal of Commerce
Read More →Maersk’s new Rotterdam cross-dock speeds integrator offerings
on May 14, 2024in Industry News
Maersk’s new Rotterdam cross-dock speeds integrator offerings Containers offloaded from ships calling at APM Terminal’s Maasvlakte II terminal can be palletized and in trucks “within hours,” thanks to a new cross-dock warehouse, according to the Maersk’s new head of northern Europe. Maersk’s new Rotterdam cross-dock speeds integrator offerings Journal of Commerce
Read More →BC port foreman contract talks stall as government delays rail strike threat
on May 13, 2024in Industry News
BC port foreman contract talks stall as government delays rail strike threat Maritime employers along Canada’s West Coast have filed a complaint asking the federal government to further intervene in stalled talks with the union representing longshore foremen. BC port foreman contract talks stall as government delays rail strike threat Journal of Commerce
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