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Excess capacity hangs over recovering container market: Maersk CEO Sailing the longer voyages around southern Africa has allowed carriers to address their excess capacity challenges, but that is a short-term fix for a problem that is not going away, according to Vincent Clerc. Excess capacity hangs over recovering container market: Maersk CEO Journal of Commerce

HMM plans for THE Alliance revamp with SM Lines trans-Pacific slot deal The tie-up is part of a wider move by individual members of THE Alliance to broaden their respective networks and maintain alliance commitments without adding a replacement carrier to succeed Hapag-Lloyd. HMM plans for THE Alliance revamp with SM Lines trans-Pacific slot deal […]

US household goods imports await housing recovery after two-year tumble Elevated mortgage rates and inflation continue to drag down new home construction and remodeling activity, two of the major drivers of US household goods imports. US household goods imports await housing recovery after two-year tumble Journal of Commerce

US HHG imports await housing recovery after two-year tumble Elevated mortgage rates and inflation continue to drag down new home construction and remodeling activity, two of the major drivers of US household goods imports. US HHG imports await housing recovery after two-year tumble Journal of Commerce

Decline in US truck shipments, rates lowering truck market’s floor: U.S. Bank Continued year-over-year contraction in truckload shipments and shipper spending in the first quarter means the next pricing upswing is likely to be slow, rather than sudden. Decline in US truck shipments, rates lowering truck market’s floor: U.S. Bank Journal of Commerce

Red Sea rate effect spreads to other trade lanes as demand rises: Maersk CEO While the carrier is seeing robust volume gains across its main trade lanes, the transits around southern Africa are absorbing capacity and leading to growing space constraints on routes not directly affected by the Red Sea diversions. Red Sea rate effect […]

Teamsters Canada votes overwhelmingly to authorize rail strike as soon as May 22 Federal conciliators have tried since March 1 to negotiate a deal between Canadian Pacific-Kansas City, Canadian National Railway and the Teamsters rail conference, without success. Teamsters Canada votes overwhelmingly to authorize rail strike as soon as May 22 Journal of Commerce

Teamsters Canada vote overwhelmingly to authorize rail strike as soon as May 22 Federal conciliators have tried since March 1 to negotiate a deal between Canadian Pacific-Kansas City, Canadian National Railway and the Teamsters rail conference, without success. Teamsters Canada vote overwhelmingly to authorize rail strike as soon as May 22 Journal of Commerce

Power grid upgrade, robust charging network needed for electric vehicles: ATA Although electric trucks are improving, the electricity and charging network needed to power them are not ready, Pitt Ohio’s Taki Darakos told a US House committee. Power grid upgrade, robust charging network needed for electric vehicles: ATA Journal of Commerce

Baltimore readying for return of Asia volumes as recovery takes shape: port CEO Container lines, which normally operate six weekly services connecting to Baltimore, have begun accepting bookings for shipments to the port as it eyes a reopening later this month. Baltimore readying for return of Asia volumes as recovery takes shape: port CEO Journal […]