The Latest News & Analysis
Somalia-based piracy menaces vessels rerouted away from Houthi threats Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Security forces preoccupied with Houthi attacks in the Red Sea and an increase in Indian Ocean shipping thanks to ongoing route diversions have created an opening for Somali pirates. Breakbulk NewsBreakbulk carriersProject cargoRo/ro cargo
Increased consumer spending drives latest upgrade for US import growth: retailers Bill Mongelluzzo, Senior Editor | The Global Port Tracker has again increased its forecast for US imports through September, with the National Retail Federation pointing to retailers stocking up to meet the rising demand of consumers.MaritimeContainer Shipping NewsTrans-PacificNorth American ports
ILA halts talks over new contract until Maersk, APM clarify port IT projectsMichael Angell, Associate Editor | The International Longshoremen’s Association said it has called off talks for a new six-year labor agreement due to automation efforts at Maersk-operated marine terminals. Longshore laborContainer Shipping NewsContainer linesMarine terminalsNorth American ports
Threat of Canadian border agent strike delayed, but not deadWilliam B. Cassidy, Senior Editor | Shippers need to consider contingency plans for truck shipments crossing the US-Canadian border in case Canada’s Customs and Immigration Union calls a strike this week.SurfaceTrucking NewsTruckloadLTL
Samsung FMC complaint alleges thousands of inaccurate fees assessed by HMM Eric Johnson, Senior Technology Editor | The volume of complaints filed to the US maritime regulator against shipping lines and forwarders has surged since OSRA-22 became law. Transport, Trade, and Regulation NewsContainer Shipping NewsContainer lines
Capacity oversupply keeps India-US East Coast rates in declineBency Mathew, Special Correspondent | The continuing rate softness comes as some carriers prepare to implement peak season surcharges ranging from $500 to $750 per container on Indian loads to the East Coast, mostly from June 15.MaritimeContainer Shipping NewsContainer linesNorth American portsInternational ports
US trucking hiring falters in May on low freight demandWilliam B. Cassidy, Senior Editor | Last month’s actual trucking employment gain was lower than expected as the US economy added more jobs in service industries such as hospitality and healthcare.SurfaceTrucking NewsTruckloadLTLTrucking labor
Project cargo as measured by volume means greater pull on capacity Susan Oatway, Senior Research Analyst-Breakbulk and Project Shipping | Often oddly shaped or very heavy, project cargo does not necessarily consume all the deadweight space on a given vessel. Heavy-haul transportBreakbulk carriersProject cargoRo/ro cargo
Saia still benefiting from Yellow’s collapse as US LTL market resetsWilliam B. Cassidy, Senior Editor | Saia’s 18.6% year-over-year gain in LTL shipments in May underscores theongoing impact of Yellow’s bankruptcy, while larger ODFL reports smaller “Yellow-free” gains in volume.SurfaceTrucking NewsLTL
Ocean disruption modal shift puts air cargo on course for solid 2024 Greg Knowler, Senior Editor Europe | Cargo owners battling to find space on ships filled by an unseasonal demand surge are taking all available air freight capacity out of Asia, the Middle East and India, with rate levels rising accordingly.Air CargoAir Cargo Forwarder News
Sale of remaining Yellow terminals stalls amid court battlesWilliam B. Cassidy, Senior Editor | Yellow still has 130 terminals that could be sold, but they’re not quite ready for the auction block, bankruptcy court testimony revealed this week.SurfaceTrucking NewsLTL
Navigating cargo preference is key to US energy buildoutJanet Nodar, Senior Editor, Breakbulk and Heavy Lift | Managing federal funding requires transparency, early coordination between logistics and finance, and early planning with MARAD in mind.Breakbulk NewsBreakbulk carriersProject cargoRo/ro cargo
Google researchers take aim at liner network design challengeEric Johnson, Senior Technology Editor | The thorny issue of running more efficient ocean carrier networks on a global scale has been a long-term quandary for liners and the software vendors catering to them.MaritimeContainer Shipping NewsLogistics Technology News
Importers try to push cargo to contract rates as trans-Pac spot market surges Bill Mongelluzzo, Senior Editor | Amid soaring spot rates, importers are booking as much cargo as possible under the allotments in their freshly signed annual service contracts, many of which just went into effect on May 1.MaritimeContainer Shipping NewsContainer linesTrans-Pacific
No industry consensus on duration of Asia-Europe ocean disruption Greg Knowler, Senior Editor Europe | The return of regular voyages to the Red Sea and Suez Canal will signal an end to the current disruption on the Asia-Europe trade lane, but there remains zero visibility about when that will happen.MaritimeContainer Shipping NewsContainer linesAsia-Europe
Barbara Yeninas, maritime communications pioneer, leaves 50-year legacy Journal of Commerce Staff | Barbara Yeninas, who died May 31, is remembered as a passionate supporter of the container shipping industry, having cut her teeth reporting on the Port of Newark and then launching a well-known communications firm.Maritime
Knock-on effects of unexpected container shortage take aim at North America: analystLarry Gross, president and founder, Gross Transportation Consulting; and Journal of Commerce analyst | The current chaos playing out in the container market globally doesn’t have to last that long to have some big impacts on North American intermodal, writes Larry Gross.North American portsIntermodal providersNorth-American rail
Bottlenecks flare in Barcelona as port battles rise in transshipment volumes Greg Knowler, Senior Editor Europe | As a destination port, Barcelona is being used for transshipment beyond its capacity, something that has increased dwell times and slowed the turnaround of vessels. MaritimePort NewsInternational ports
Transfix selling digital brokerage business to NFI IndustriesWilliam B. Cassidy, Senior Editor | One of the first “digital-native” brokerages, Transfix is shifting its focus to selling software as a service to other brokers, including NFI.SurfaceSupply chainTrucking NewsTruckloadLogistics Technology News
Financial burden of decarbonization more likely to fall on ocean carriers Peter Tirschwell | To the extent carriers can’t pass those costs along, the industry faces the prospect of sharply higher costs for zero-carbon fuels and potentially further consolidation and reduction in choice for shippers.MaritimeContainer linesTransport, Trade, and Regulation News
SEKO reinstated to US duty-free program, but still pursuing action against CBP Eric Johnson, Senior Technology Editor | The forwarder says it has been “conditionally” restored to CBP’s so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions. Transport, Trade, and Regulation NewsForwardingAir CargoAir Cargo Forwarder News
China’s ports still lead performance rankings, while India’s move higher: CPPIMichael Angell, Senior Editor | The fourth edition of the Container Port Performance Index shows some changes in the annual list’s middle tier as ports improve and new entrants make their mark. International portsContainer Shipping NewsNorth American ports
US LTL providers adding trucks as they build out terminalsWilliam B. Cassidy, Senior Editor | Earnings records show several big LTL carriers are expanding their tractor and trailer fleets in the post-Yellow market to keep pace with terminal expansion.SurfaceTrucking NewsLTL
Container market turn could keep capacity tight until October Mark Szakonyi, Executive Editor | The strength of bookings over the past month has surprised container lines executives, even when factoring some front-loading and replenishing inventories that are back to pre-pandemic levels, writes Journal of Commerce Executive Editor Mark Szakonyi.Container linesTrans-PacificAsia-EuropePort News
‘Highest bidder’ winning on Asia-Europe ocean trade as space, equipment shortages deepen Greg Knowler, Senior Editor Europe | European importers are facing pandemic-era port congestion and soaring rate levels, with only the resumption of regular vessel transits through the Red Sea likely to address the growing supply chain disruption.MaritimeContainer Shipping NewsContainer linesAsia-Europe
Maersk upgrades earnings guidance amid bullish market fundamentals Eric Johnson, Senior Technology Editor | The container shipping market has been roiled by the ongoing ship diversions around southern Africa that are now causing congestion to build at key load ports in Asia as carriers curtail or blank services amid port omissions.MaritimeContainer Shipping NewsContainer lines
Baltimore import bookings rebound as port’s full ship channel to reopen soon Michael Angell, Senior Editor | Evergreen Marine’s neo-Panamax service from Asia will start making regular calls to Baltimore by mid-July, and the port’s container terminal is ready to start receiving imports. North American portsContainer Shipping NewsContainer lines
High water levels close Rhine River to barge traffic after flooding rains Greg Knowler, Senior Editor Europe | The Rhine is one of the most important commercial waterways in Europe and its closure is pushing traffic to the road and rails where there is limited capacity. MaritimeContainer Shipping News
India-Europe carriers see strong rate gains for early peak season bookingsBency Mathew, Special Correspondent | Spot rate quotes secured by forwarders from major carriers for sailings near the end of June are up between $500 to $600 per container on average from levels seen for the first half of the month.MaritimeContainer Shipping NewsContainer linesInternational ports
Resurrected Convoy app gaining traction among small carriers, brokers: FlexportEric Johnson, Senior Technology Editor | The post-pandemic resilience of small fleets has been attributed in part to driver reliance on apps such as the one Convoy built, which Flexport purchased last November. Logistics Technology NewsTrucking NewsTruckloadTruck brokers
UPDATE: Charleston working through lingering vessel backlog Ari Ashe, Senior Editor | Container ships are anchoring outside both southeast US ports due in part to a project in Charleston that will shut one berth at the Wando Welch Terminal until the fall.North American ports
Global port congestion taking out capacity, creating more delays Michael Angell, Senior Editor | Ports not designed for transshipment are being inundated with boxes, one of the knock-on effects of Suez Canal diversions that is contributing to a global capacity crunch, experts say. International portsContainer Shipping NewsContainer lines
Carriers omit Singapore calls amid growing delays as Asia port congestion spreadsKeith Wallis, Special Correspondent | Carriers and forwarders said the average berthing delay is threeto five days at Southeast Asia’s leading container gateway, but HMM and ONE said they are experiencing more than that.MaritimeContainer Shipping NewsContainer linesMarine terminalsInternational ports
Seattle-Tacoma seeking more direct vessel-to-rail container moves Bill Mongelluzzo, Senior Editor | After a successful one-off exercise involving 300 containers moving through Terminal 18 in Seattle, the Northwest Seaport Alliance will seek to convince ocean carriers to implement greater use of block stowage of rail cargo on vessels leaving Asia.MaritimePort NewsNorth American portsNorth-American rail
US rail cargo crime on the rise as thieves, methods gain sophisticationAri Ashe, Senior Editor | Cargo theft on the rails is becoming highly organized, with criminals targeting specific pallets inside containers being carried on a train rather than ransacking boxes at random.SurfaceRail NewsNorth-American rail
CBP curtails low-value shipment access for multiple customs brokersEric Johnson, Senior Technology Editor | Growth in the use of a low-value shipment rule has attracted critics, who say the de minimis program provides a loophole for e-commerce companies abroad to evade duties. Transport, Trade, and Regulation NewsForwardingAir CargoAir Cargo Forwarder News
Auto shippers tuned up to navigate new supply chain roadblocksBill Mongelluzzo, Senior Editor | The March collapse of the Francis Scott Key Bridge in Baltimore piled on yet another layer of disruption, while the Sept. 30 expiration of the existing labor contract for longshore workers on the East and Gulf coasts will make shippers more nervous.Container Shipping NewsRo/ro cargoTop Rankings
Busy ‘slow season’ for air cargo as e-commerce holds up demand Greg Knowler, Senior Editor Europe | It is a good time to be in the freight transport business with air cargo and ocean shipping on the trade lanes out of Asia seeing sustained demand and robust rate levels.Air CargoAir Cargo Carriers News
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