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News and analysis of ocean containerized cargo movement, logistics, supply chains, technology, and end-to-end connectivity

Updated: 2 hours 48 min ago

US retailers’ global sourcing strategy will take time to develop: analysts

Fri, 02/03/2023 - 14:32
As the size of China’s workforce declines and production challenges increase, US retailers are shifting to global sourcing strategies, with each sector looking for the business model that meets its particular requirements.

End of 2M Alliance will set dominoes in motion across ocean shipping: analyst

Fri, 02/03/2023 - 08:56
The announced dissolution of the 2M Alliance raises the question of what additional large-scale dominoes might be toppling over in the next few years in the container shipping sector, writes analyst Lars Jensen.

New IMO rules force global reefer fleet to confront uncertain future

Fri, 02/03/2023 - 07:00
The specialized reefer fleet has proven to be remarkably resilient in the face of various challenges, but now it must deal with the latest threat in the form of new IMO environmental regulations.

C.H. Robinson reaffirms commitment to global forwarding business

Thu, 02/02/2023 - 14:25
The largest US logistics provider claims “compelling results” from cross-selling surface transportation and air and ocean services, despite weak market conditions.

Rapid container rate decline complicates payment picture for shippers

Thu, 02/02/2023 - 11:07
US importers that renegotiated contract rates or shifted to the spot market in the second half of 2022 have also had to adjust to different accessorial charges and transmission formats.

MSC opens more direct port connections for Indian exporters as volumes taper

Thu, 02/02/2023 - 09:41
The expansion of origin-to-destination ocean connectivity with predictable transit time improvements is a boon for Indian exporters trying to find untapped markets for their products amid slowing demand.

DSV books record result for 2022, but warns that bull run for profits is over

Thu, 02/02/2023 - 08:35
Denmark’s DSV collected record profits for 2022, but the forwarder says a return to a more “normal” market has begun.

2M breakup throws carriers’ operating playbook out the window

Thu, 02/02/2023 - 08:00
The breakup of the 2M Alliance opens the door to a few possibilities, including the industry reverting to a competitive scramble for market share, driving down profits and forcing yet another round of M&A activity, writes Peter Tirschwell.

Freightify lands funding to target digital rate management in North America

Thu, 02/02/2023 - 00:00
Technology provider Freightify is aiming to empower forwarders to build an online quoting presence that would lessen their reliance on rate marketplaces.

Improved US cargo flow drives continued gains in trans-Pacific schedule reliability

Wed, 02/01/2023 - 14:18
The return of US ports to normal cargo flow is demonstrated starkly in the year-over-year comparisons of vessel schedule reliability in the Asia-US trade.

Sourcing shift from China pulls US import share to more than a decade low

Wed, 02/01/2023 - 08:42
Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam, India, and South Korea, writes Journal of Commerce Executive Editor Mark Szakonyi.

Norfolk Southern adds to Southeast intermodal capacity with new cranes

Tue, 01/31/2023 - 15:02
Norfolk Southern’s plan to bring more capacity to its international intermodal business this year has kicked off with new cranes enabling the stacking of marine containers at its Austell ramp in Georgia.

Asia-Europe spot rates soften to pre-pandemic levels

Tue, 01/31/2023 - 13:14
Carriers have entered 2023 with too much supply and not enough demand on the Asia-Europe trade, with rates continuing their downward spiral through January.

Savannah aims for more cold-chain cargo with new reefer racks

Tue, 01/31/2023 - 12:29
The Port of Savannah says plans for additional reefer rack capacity will add to its market share for cold chain imports coming into the US Southeast and Gulf Coast.

ONE cuts profit forecast on persistent market weakness

Tue, 01/31/2023 - 10:32
The first 2022 financial results from ocean container carriers are filtering in, revealing the impact of collapsing rates and demand on profitability levels.

Magaya gets cash infusion to fuel customs-led international growth

Tue, 01/31/2023 - 09:25
The software arms race taking place in the global forwarding space shows no signs of relenting, with Miami-based Magaya getting growth capital to fuel its international ambitions.

Spread between East, West coast ocean spot rates returns to pre-pandemic levels

Mon, 01/30/2023 - 16:11
The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels.

Ro/ro executive Batista joins GPA as port gears up for expansion

Mon, 01/30/2023 - 14:22
A long-time ro/ro executive with Wallenius Wilhelmsen will shift his focus to container BCOs in a new position with the Georgia Ports Authority.

FMC drops bid to use OSRA-22 for emergency data sharing

Mon, 01/30/2023 - 13:59
A Federal Maritime Commission member’s attempt to force marine terminals and ocean carriers to share more data under OSRA-22 has ended with the normalization of the ocean freight market.

FMC commissioner drops bid to use OSRA-22 for emergency data sharing

Mon, 01/30/2023 - 13:59
A Federal Maritime Commission member’s attempt to force marine terminals and ocean carriers to share more data under OSRA-22 has ended with the normalization of the ocean freight market.

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