Maersk Urges Container Pickup Ahead of Potential U.S. Port Strike
Maersk wants shippers to clear out their boxes from U.S. Eastern Seaboard and Gulf Coast ports ahead of a possible longshore strike starting on January 15. In an advisory posted Monday to its website, Maersk also asked shippers to return empty containers prior to that date.
Report: ILA-USMX to Resume Contract Negotiations for East/Gulf Coast Ports
A report from S&P Global’s Journal of Commerce says talks are set to resume between the International Longshoremen’s Association and the terminal operators at U.S. East Coast and Gulf Coast ports represented by the U.S. Maritime Alliance (USMX). This comes after weeks of an impasse between the union and the employers that reportedly centres around the […]
Yang Ming Eyes Higher Contract Rates, with a ‘Focus on the Transpacific’
Yang Ming management expects oversupply concerns to ease this year as detours round the Cape of Good Hope continue.
Ocean Carriers the ‘Outright Financial Winners’ in a Year of Unpredictability
A year of unpredictability has led to substantial increases in both ocean and air freight rates, according to this week’s report from Transport Intelligence (Ti), and complicated market factors are making future trends hard to predict.
U.S. Shippers Struggle to Find Capacity amid Growing Shortage of Reefers
U.S. perishables exporters say they are struggling to secure enough temperature-controlled containers and trucks and face tight capacity and particularly strong demand for reefer boxes.
Rising Rejection Rates amid Demand Drop Reveal Truckload Capacity Exodus in U.S.
Carriers in the U.S. are accepting the same load volumes that they were in April 2023, near the theoretical floor of the freight market’s recent recessionary period. Rejection rates (the rate at which carriers turn down load coverage requests from contracted shippers) are more than double what they were at the time. This is further […]
Carriers Unveil Panama Canal Transit Surcharges for New Year
Two major carriers have announced new Panama Canal surcharges on Asia-U.S. east coast transits in response to the canal authority implementing a new booking system to “optimize transit operations.”
Container Rates Buoyed by Tariff, Strike Threats
The dual threats of tariff hikes and port strikes continue to buttress ocean freight rates through what is historically a post-peak trough.
Mediation for Montreal Port Labour Talks
Port of Montreal employers and union dockworkers have mutually agreed to mediation in their contract negotiations.
Airports Must Get Creative as Surging E-Commerce Threatens to Engulf Capacity
Airport infrastructure and aircraft capacity are not expanding fast enough to keep up with demand, largely being driven by e-commerce, forcing the industry to get creative.