Today’s Pickup: Infrastructure among the losers in Democratic debate
When Democrats took the stage for their first debate, infrastructure was hardly mentioned, and doesn’t appear to be a priority in this election cycle.
When Democrats took the stage for their first debate, infrastructure was hardly mentioned, and doesn’t appear to be a priority in this election cycle.
Maersk rolled out a fully online service for customers to book space on a container ship. The new offering, Maersk Spot, provides customers a port-to-port cargo loading guaranteed at a […]
Maersk (Nasdaq OMX: MAER) will find out how much customers are willing to spend on its ambitious environmental agenda with a carbon-neutral container service. The world’s biggest shipping line is […]
The Los Angeles Board of Harbor Commissioners narrowly approved a permit that would allow Maersk’s (Nasdaq OMX: MAER) terminals subsidiary to automate container moves at the largest marine terminal on […]
Market expert Brian Aoaeh writes about the new Digital Shipping Container Alliance and why standards are important to industry. He also writes about why getting standards written and adopted is particularly difficult.
While most trade lanes grapple with overcapacity and weak rates, the trans-Atlantic westbound market is one bright spot for ocean carriers. One market expert credits a strong U.S. dollar and […]
Rates are rising for bulkers and gas carriers, while container pricing on the trans-Pacific is showing signs of life.
Global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) today announced they will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by A.P. Moller – Maersk and IBM.
Improved vessel utilisation is the key to maintaining profitability in what is expected to be a challenging market according to Soren Skou, Chief Executive Officer of Maersk (Nasdaq OMX: MAER). […]
The Saudi customs has successfully piloted its first shipment through TradeLens, a blockchain-based platform developed collaboratively by Maersk and IBM.
There are some positive signs for shipping rates, but overall, disappointment prevails.
Saudi Arabia Customs successfully transported a container to the Port of Rotterdam using blockchain for the packing list and commercial documents.
A consortium to improve the technology used in container shipping just got larger with the addition of several big names in the liner business. The Digital Container Shipping Association (DCSA) […]
White House makes sudden u-turn on tariff truce, upsetting calm in financial markets. President Donald Trump ended the spring truce in the U.S.-China trade war this weekend, with threat to […]
Putting export-import documents online may make a difference between container arriving to customer on time or sitting in a warehouse.
Korea’s only remaining container ship line may want to go beyond its slot sharing deal, but Western carriers wary on subsidized shipping.
LA caught between straits of labor and capital; group looks for ocean freight’s Esperanto; and digital-first forwarder gets $20m funding.
‘Discretionary’ cargo may look elsewhere for U.S. dock space should the biggest terminal in the biggest port not find ways to be more efficient.
World’s largest ocean freight forwarder adds money-back guarantee and carbon offset to what is now considered ‘table stakes’ in ocean freight.
Could this be the year ocean carriers get shippers to pay up? It may be if they want a ‘get-on-the-boat rate’ and not just a ‘paper rate.’
Head of its former energy business departs as almost all of the oil-related businesses are now separated from container ship giant.
Chairman makes mea culpa on previous energy bets as he pledges the focus will be making container shipping simple and easy.
Lack of buyer interest means offshore support vessel service will remain on Maersk’s books for foreseeable future.
Washington insiders say maritime cyber attacks in the U.S. and around the world lack attention and funding.
World’s biggest shipping line trials a backhaul voyage with biofuel in a bid to get jump on 2050 target for shipping industry to go zero carbon.
28-day cooling off period now in works after contentious debate about automation; Union reminds officials that ‘robots do not pay taxes.’
NYSHEX looks to bring in other trade lanes to its platform while Freightos sees ocean shipping outmatching other modes in digital drive.
Industry lobbyists and research group present opposing views on whether the alliance structure of ocean carriers has worked.
Big ships come to U.S. even as backhaul cargoes still lacking, and truckers deal with terminal shut-outs and chassis imbalances.
Soren Skou said biggest ocean carrier is more customer-centric than ever, but vessel reliability and detention fees still a pain for customers.
Liner alliances in a quandary about what to do with largest capacity ships as cancelled port calls increase to deal with capacity glut.
But world’s largest shipping company sees high number of risks going into 2019 with container demand expected to be down from 2018.
Cargo thefts fell 19 percent in 2018 compared to the year before, according to SensiGuard. Plus, the EU cuts a deal on truck emissions and another trucker protest is planned for this week.
Ocean carrier sees debt upgrade thanks to hitting cost synergy targets and fleet’s better fuel efficiency will help save operating expenses.
Container shipping line Maersk will move 16 containers on river Ganges (National Waterway-1) from Varanasi to Kolkata in India on February 12, marking the entry of commercial shipping players in India’s nascent inland water transport network.
Cost of all-water transit could rise as higher price, low-sulfur fuel comes into play; Maersk offers a peak in the fridge.
All-in rates on the way out as new surcharge formulas on the way in as ocean carriers work on ways to share cost burden with customers.
APM’s move to add automated box handling equipment at large terminal has dock workers concerned about job security.
Freight volumes coming into U.S. remain high in January, but delays and congestions turn trips to major marine terminals into ‘madhouse.’
Top supply chain trends and Rhode Island collects more in toll revenue than it expected, plus the growing scooter logistics sector and more container checks.
New power given to the Federal Maritime Commission to scrutinize the effects of ocean carrier competition has been put on hold by the government shutdown.
Surprise fees for practice that reduces congestion at ports and improves driver turns amounts to ‘dirty pool’ on part of the steamship lines.
Capacity additions set to have knock-on effect for trades into North America; Australia’s port strike to cause Pacific Rim ripples.
Container volumes remain strong, but delays mean fewer overall pickups; drivers also not pleased with new fees for flipping containers.
Once-manual process now automated, offering some relief to shippers having to fetch empty containers at congestion plagued ports.
Port of Houston faces choice as to which ships to prioritize; U.K. Parliament turmoil leaves Brexit deal in doubt.
Price impact of low-sulfur fuel may not be as bad as feared, but still remains unknown; I-5 bridge remains a chokepoint for trucking.
Ocean carriers ease back capacity as import volumes slowdown, but industry still expected to be set fair for 2019.
Tesla cuts prices of Model S and Model X; oil prices are down to a one-year low; Hong Kong bats for free trade; Hapag-Lloyd is launching a premium product based on extensive market research.
World’s largest container lines plan to look at emerging technologies as new options come to the market.
How much volume is POLA pulling from Q1 activity?
Good times at U.S. ports not expected to last as world’s largest shipping line warns trade war will rear up at start of next year.
“We went through a period when growth of shipping was 2-3 times the growth in international economy. I don’t think those times are coming back.”
In partnership with Slync… It has become clear that the market increasingly views digitization as one of the most important means of creating value and improving the financial fundamentals of companies operating in the supply chain.
New group floats alternative blockchain solution for container trade.
Assets to be acquired are still unclear, but deal could expand Ceva’s North American and Asian presence.
Supply chain software company E2open is in the process of acquiring the world’s largest neutral maritime network INTTRA, in its bid to expand its services to the ocean container industry.
The FreightWaves Research Institute has announced the list of 55 voters who will be choosing the inaugural winners of the Freight.Tech 25 awards, and it’s who’s who of freight leaders.
Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.
Latest round of fuel surcharges aimed at guiding expectations on IMO 2020 costs.
Ocean shipping rates below cost of capital have been boon to customers, bane to companies. But the equation may flip.
Financial services still the main industry testing blockchains as technology promises to ease transactions. cropping
Container shippers face surcharge one year prior to actual start of new low-sulfur emissions rules.
Nestlé commits to pumping the brakes on deforestation caused by palm oil production, Maersk surcharges are on the horizon, and Audi announces their plan to break into the electric vehicle market.
World’s largest shipping company outlines new surcharge stemming from switch to low-sulphur fuel.
As late as last month, Maersk leadership insisted that scrubbers were not a solution for the new fuel regulations imposed by the International Maritime Organization beginning in 2020, but now they’ve admitted they will install scrubbers on some vessels.
Tariffs Hurt the Heartland sends a letter to Congress today, F1 inspires air taxi development, and more in Today’s Pickup.
Ripe.io provides enterprise blockchain technology for the food and agriculture industry in an effort to create greater trust and transparency between food producers, contributors and consumers.
A Maersk vessel will be first involved in massive clean-up effort.
Ocean carriers and terminals have seen a boom in the fees they charge for container usage. But U.S. regulators are looking at the practice.
Maersk foresees a $2 billion increase in fuel costs due to sulfur-emissions cap; U.S. consumers might witness increase in car prices after U.S.-Mexico deal; Indonesia is seeing a tremendous growth in ecommerce; German car manufacturers are facing a battery production crisis.
A staid and technology-averse industry is in the process of changing thanks to new entrants.
Maersk plans to make extra capacity available to shippers on NYSHEX
Maersk Line chief executive Soren Skou says ocean carriers need to make the customer experience easier.
Microsoft and IBM’s enterprise blockchain projects consume a lot of media bandwidth, but there is more exciting and ambitious work being done in transport and logistics by a thriving community of startups.
World’s largest shipping company says over-capacity and fuel costs, not trade war, are the main issues.
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.
In a blockchain conference held this week in Amsterdam, a panel discussed the potential and impact of blockchain in the transportation and logistics industry.
Drivers find productivity gains after ELD hard enforcement; Canadian Pacific workers’ strike imminent; Brazilian truckers extract over $2B in govt concessions; Maersk rolls out blockchain-based maritime insurance; WaPo interviews truck drivers on the lifestyle.
Maersk grew its revenues by acquiring Hamburg Süd and selling off Maersk Oil, but reported negative earnings on increased fuel prices and low spot rates.
Earnings season is here; UPS posts 13th quarter of double digit growth; Knight-Swift finds synergies; Maersk trials autonomous ships; the Mustang is the last Ford car left; Barclays and Goldman Sachs collab on data standards for derivatives and blockchain; Union Pacific beats the Street.
Transportations companies with cross-border business are exposed to tariff risks; new home sales fall unexpectedly; the Dow crosses below its 120-day moving average; acquisition-minded trucking companies face new financial scrutiny; Target and Kroger merger rumors.
Volkswagen invests $25B in EVs; Tesla exposed to neodymium supply shocks; FedEx to announce earnings today; Union Pacific plans $127M capex in Arkansas; Maersk says Canadian container trade growth will outpace U.S. in 2018.
The CEO of Maersk says that in 3-5 years, Maersk will be competing with UPS and FedEx, and recognized as one of their peers. But what’s the strategy?
Truckers Against Trafficking has launched the Man to Man Campaign in an effort to eliminate human trafficking in the transportation industry.
The Owner-Operators Independent Drivers Association has joined efforts to change the current hours-of-service rules to allow drivers to stop driving when they are tired.
According to a report from Tech Crunch, Elon Musk’s Tesla is preparing to test autonomous driving on a cross-country trip within 3 to 6 months.
Yesterday Maersk Line announced that it joined the New York Shipping Exchange (NYSHEX), a new digital platform offering standardized contracts, locked-in prices, and space security for ocean container shipping.
IBM and Maersk have teamed up to build blockchain solutions for the maritime container shipping industry, apparently focusing on automating costly import-export documentation.
According to research from KPMG and HfS Research, more companies than ever are outsourcing their supply chain and logistics services as the job of moving product becomes more complicated.