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J. B. Hunt believes intermodal market ‘coming out’ of freight recession Despite reporting lackluster third-quarter financial results, the intermodal service provider is cautiously optimistic that the worst of the US freight recession is in the past. J. B. Hunt believes intermodal market ‘coming out’ of freight recession Journal of Commerce

J.B. Hunt believes intermodal market ‘coming out’ of freight recession Despite reporting lackluster third-quarter financial results, the intermodal service provider is cautiously optimistic that the worst of the US freight recession is in the past. J.B. Hunt believes intermodal market ‘coming out’ of freight recession Journal of Commerce

DSV CEO Andersen to step down in September 2024; COO Lund will take top job In 16 years running DSV, Andersen has presided over the integration of a string of multi-billion-dollar acquisitions and guided the forwarder through significant disruptions to global supply chains. DSV CEO Andersen to step down in September 2024; COO Lund will […]

Weak demand signals threatening shipping’s emissions targets The window is closing fast on shipping’s goal of having scalable zero-emission fuels account for 5% of international shipping demand by 2030, a conference in Athens was told. Weak demand signals threatening shipping’s emissions targets Journal of Commerce

Investor group seeks to block Forward Air-Omni deal, oust Forward CEO Ancora Alternatives is seeking a special shareholder meeting to replace members of Forward’s board of directors, including CEO Tom Schmitt, with the ultimate goal of killing the acquisition of Omni, which Ancora blames for a steep drop in Forward’s stock value.  Investor group seeks to block […]

Planned bridge raising opens door to upgrade of North Charleston Terminal SC Ports says the work will allow the terminal to attract growing volumes of cargo moving through the Suez Canal on large ships that are too big to call the facility now. Planned bridge raising opens door to upgrade of North Charleston Terminal Journal […]

Hapag-Lloyd enlists India-based vendor to support US digital documentation move Ocean carriers are aligning with technology vendors to meet a self-imposed deadline to digitize shipping documentation, with Hapag-Lloyd’s use of ODeX in the US the latest example. Hapag-Lloyd enlists India-based vendor to support US digital documentation move Journal of Commerce

Fresh geopolitical stress puts supply chain resilience back in the spotlight: analyst The existing overcapacity in the market has provided the resilience required to handle a potential prolonged blockage of the Suez Canal, says analyst Lars Jensen, who wonders if stakeholders are willing to pay higher freight rates to maintain that safety net. Fresh geopolitical […]

Norfolk continues to drive warehousing boom in Southeast US Demand for industrial warehousing is surging along the Southeast US, with Virginia attracting more than 11 million square feet in the last three years. Norfolk continues to drive warehousing boom in Southeast US Journal of Commerce

Labor peace drives West Coast rebound in market share of Asian imports Discretionary cargo is returning to the West Coast as the confidence of retailers is boosted by ratification of the longshore labor contract in late August and the ability of the ports to immediately handle more cargo. Labor peace drives West Coast rebound in […]