Shippers may favor contracts over spot movements
Shippers in the transpacific trade should consider moving more of their cargo under contract rates and look at joining a shippers association or buying group because of the trade war […]
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The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the virus. On top of that, China — one of the world’s largest exporters — was at the center of the pandemic, leading several countries to stop trade with the nation altogether.
According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.
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Shippers in the transpacific trade should consider moving more of their cargo under contract rates and look at joining a shippers association or buying group because of the trade war […]
No injuries were reported in the incident, which occurred early Monday morning, but both the crane and Evergreen ship sustained damage.
IPS Worldwide bankruptcy filing is another critical reminder that shippers need to better manage their accounts payable.
The roughly U.S. $250 million purchase of the Toronto-based business is expected to close in February.
Appointments announced by CMA CGM Group, Columbia Shipmanagement, Sandler, Travis & Rosenberg and U.S. Chamber of Commerce.
CEVA’s board says the offer is friendly but shareholders may do better if they hold onto their shares.
Transpacific revenues up 26 percent in fourth quarter of 2018 on 6.1 percent volume growth.
IPS Worldwide’s bankruptcy filing leaves many shippers seeking to get their money back, in some cases in excess of tens of millions of dollars.
The two newly sworn-in commissioners will fill four of the five available positions on the commission, which is charged with regulating liner shipping in U.S. trades.
Recovery work and damage assessment will be conducted at the Port of Freeport.
The Sturgis proved that a floating nuclear power plant was not only possible but practical and safe.
Carriers are being delayed at border crossings due to Customs and Border Protection’s inability to confirm online that annual user fee payments were made.
Heavy ice on the Great Lakes last spring got iron ore shipments off to a slow start and a steep dip in coal shipments contributed to lackluster year-end results.
TMS provider brings on chief technology officer; regional parcel carrier hires final-mile president and sales leader.
More than 1 million TEUs will be delivered in 2019 and 2020, according to forecasts.
Many in the industry remain devoted to improving output of quality returns found in diesel.
Relief is expected when volumes dip after Lunar New Year, which begins Feb. 5.
Since Maersk acquired Hamburg Süd in 2017, it is focusing on the container liner business.
Net earnings for 2018 totaled $490 million, down from $686 million in 2017.
SpaceX’s lease on a 19-acre site at the port will end in February, while Cal Cartage will close its warehouse on an 85-acre site in July.
Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.
Set to launch in April, the network will involve the deployment of about 330 containerships with a carrying capacity of around 3.8 million TEUs across 38 services.
Forwarders say air cargo shipments keep moving despite the government shutdown.
The barge would move containers between the Wando Welch and Hugh K. Leatherman terminals.
The port handled a record amount of container volumes in 2018, but the outlook for the coming year is uncertain, according to the port’s maritime director.
The Class I railway posted a full-year net income of $3.31 billion on revenues of $12.25 billion.
The freight brokerage company released the next generation of GTZcommand.
Months after being rejected by CEVA, the Danish logistics company offered $4 billion for Panalpina.
John Veroneau says the passage of the trade agreement is very much an open question this Congress as several variables are in play.
The express carrier reached a deal to acquire the international express business of Israel-based Flying Cargo Group.
The purchase of Our Freight Guy marked GlobalTranz’s eighth acquisition since January 2017.
There is growing interest in interchanging equipment between importers and exporters at locations other than marine terminals and container yards.
UPS names president of supply chain solutions; Imperial Logistics selects chief commercial officer; and CII appoints executive director and senior adviser.
The carrier will use the Belgium-based service to approve the triangulation of containers in the United States and Canada.
Appointments are made and new leaders take the helm in the United States, Europe and South America.
The union says truck drivers will be prevented from waiving their rights through private arbitration agreements; the decision may spark class action lawsuits against owner-operator fleets.
But the outlook for 2019 is muddled by the U.S.-China trade war.
Now the Airbnb-like startup with an online marketplace serving shippers, truckers and logistics companies has secured a partnership with ITS ConGlobal.
The 15,262-TEU containership was heavily damaged in a March 2018 fire that killed five crewmen.
Chief executive officer appointed and board of directors elected.
But Harbor Trucking Association says the union is misrepresenting California labor decisions.
The Owner-Operator Independent Drivers Association filed a class action lawsuit against the Indiana government to roll back the Oct. 5 imposition of a toll road fee hike.
Owner of car carrier that caught fire on New Year’s Eve says the cause of the fire still is undetermined.
ZIM, Maersk and MSC announce that they will share space on four additional services.
The European Parliament’s Transport Committee adopted a proposal to establish a “single window” through which the ocean carriers communicate with maritime authorities.
HMM said it increased volume 150 percent in two years as it prepares for megaship deliveries in 2020.
“This is a strategic investment that will further advance our final-mile delivery capabilities,” says President and CEO John Roberts.
American Shipper was invited to tour the LNG-powered vessel before it joined sister ship El Coqui on the rotation between Florida and Puerto Rico.
Cleanup in the North Sea continues following the Jan. 2 incident in which more than 250 containers were washed off the MSC Zoe.
Keith Lovetro comes out of retirement to lead supply chain management company.
Torben Weilmuenster is elected chairman of the governing council; Bahri CEO Abdullah Aldubaikhi is appointed to the board of directors.
Newly minted entities that had hoped to begin offering forwarding and NVO services at the start of 2019 are stuck until the FMC can resume issuance of licenses.
Allianz consultant is concerned that risk is being normalized in the shipping industry.
Jim Vena, a 40-year veteran of Canadian National, is joining the U.S. railroad on Monday.
Gary Cardenas is named CEO; Mike McNally is appointed as sales and marketing director.
Two large ships are still on fire in the Pacific and Atlantic.
The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”
Leaders of NYK, MOL and “K” Line also highlight the challenge of IMO sulfur regulations.
The 7,510-TEU Yantian Express was en route to Halifax, Nova Scotia when the blaze erupted.
More than 250 containers washed off the MSC Zoe on Wednesday.
Arian was the president of the International Longshore and Warehouse Union from 1991 to 1994 and also served as president of Local 13 in Los Angeles.
Scott Pruneau is appointed CEO; Chris Sloope is promoted to chief operating officer.
German authorities say some of the containers have come ashore in the Netherlands.
The container manufacturing unit of A.P. Møller – Maersk says it is shutting down a factory in Dongguan, China that made dry, non-refrigerated containers.
The nominations of Patrick Fuchs and Martin Oberman were approved by voice vote Wednesday.
Sixteen crew members are rescued, four are unresponsive and another is missing.
The vessels are chartered to “one of the world’s largest liner companies.”
More than 676,000 boxes of grapes, peaches, nectarines, apricots and plums were offloaded as the import season got under way.
The Fashion Jewelry & Accessories Trade Association will join the Fashion Accessories Shippers Association as part of Gemini Shippers Group.
The Surface Transportation Board, which regulates U.S. domestic transportation providers, has slightly adjusted its penalties upward to reflect annual inflation.
YM Wonderland and YM Wisdom will be deployed to THE Alliance’s Asia-Europe service.
Trade associations warn of big disturbances in the event of a “cliff-edge” withdrawal.
More than 130,000 containers have made the trip up and down the James River.
Three sister ships are slated to join the fleet in the first half of 2019.
CEO Soren Skou tells Financial Times the company needs to do acquisitions in the logistics space.
TRAC Intermodal says inventory optimization as well as new and added equipment have eased shortages.
Taiyo Life Insurance Co. is funding the project that is part of the shipping line’s medium-term management plan.
C.H. Robinson’s vice president of Global Ocean Product expects to see ocean carriers putting profitability above rankings and volume in the coming year.
Commission employees have been placed on furlough and are prohibited by law from performing any duties during the shutdown.
An executive committee is elected in Louisiana and a managing director is hired in Italy.
Six of the submissions come from New Jersey and California; others are from Florida, New York, Texas and Virginia.
The state’s regulations for truck drivers differ from current federal rules.
The rapidly expanding 3PL solutions provider plans to close on a deal in January.
Long-term partnership with ATSG expanded with the lease of dedicated Amazon cargo planes.
Kurt Cavano is taking a break and resigning his executive leadership role at Infor.
The World Shipping Council and three other shipowner groups tell the European Commission consortia block exemption for liner shipping should be extended.
New hires and promotions take place from California to Florida.
Boston-based firm will use the funds to grow the R&D and engineering teams and further the development of advanced situational awareness systems for vessels.
U.S. says military cargo was improperly weighed by three units of YRC, resulting in higher freight costs.
Aziz Akhrorov recruited New York-based CDL applicants to fraudulently obtain learners’ permits and photo IDs in Florida.
Pierre Timmermans, Marek Staszek and Chris Austin have new roles.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
Some carriers will seek to broaden reach, while others stick to their knitting, predicts Drewry.
More longshoremen are needed because of retirements, cargo growth.
The port sector has been much slower to adopt automation programs than comparable industries, according to a new report from McKinsey & Co.
Stock in the roll-up trucking and third-party logistics provider has lost nearly half its value in the fourth quarter of 2018.
Two longtime staff members are promoted; a chief information officer is hired; and a port commissioner is sworn in.
Tanker crewman handed over video proof of illegal oily bilge discharge to U.S. Coast Guard inspectors.
A senior vice president of operations, chief information officer and head of sales are hired.
Bank of America Merrill Lynch said it dropped the parcel carrier’s rating due to the “surprising” departure of the Express segment’s CEO.