China COSCO

How do you spend $41 billion without buying more ships?

Contributor Ben Thrower writes about the growing ties between the Chinese and European economies and the potential danger of those ties.

State-backed Asian container lines have plans to rapidly expand their capacity; meanwhile Maersk cuts its guidance for 2018 by nearly a billion dollars in EBITDA.

COSCO shipping came under a cyber attack this week, which reinforces the need for comprehensive cybersecurity regulations within the maritime industry as the future moves towards port automation and autonomous shipping.

Container line alliances are cutting capacity on their transpacific services in anticipation of a major slowdown in the US-China trade relationship due to tariffs. We see downside risk for Union Pacific and BNSF intermodal volumes, as well as JB Hunt.

Freight markets still hot to close Q2; COSCO/OOCL merger approved by US, China; Tesla hits Model 3 production goal; CSX revives plan for intermodal hub in North Carolina; EU threatens retaliation over auto tariffs.

Dale Huang, the CTO of COSCO Network e-Logistics spoke about the importance of blockchain in the logistics and shipping world and how he expects the technology to gain centerstage in the near future.

The spot market is normalizing; XPO’s Brad Jacobs talks jazz and M&A; China COSCO’s purchase of OOCL might be held up; railroad Teamsters want NAFTA changes; weak spot rates for container ships pulling down contract negotiations; Xi looks for a way out of the trade war.

Uber AV kills pedestrian in Arizona; XPO Logistics takes its app to Europe; CSX has no apologies; China COSCO building methanol fuel plants in Louisiana; air cargo markets may see slower growth; Covenant stock hits a 52 week high.