Europe’s ocean trades may see overlapping CO2 charges: DNV
The IMO’s global market-based emissions-cutting measure will be introduced in 2027 when it will clash with Europe’s ETS and could force shippers to comply —
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Carriers weigh options after Red Sea route threatened by missile attacks
Three commercial ships were hit by rockets fired from Yemen over the weekend in a deteriorating security situation that has seen at least two
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THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts
Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships
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US truckload rates unlikely to see major holiday bump amid tepid peak season
As US port volumes remain lackluster, there is not as much freight to move on trucks, causing the market to stay relatively stagnant ahead
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Carrier CEOs issue COP28-linked statement urging action on energy transition
The rare joint statement reiterates earlier comments by container lines that a greenhouse gas pricing mechanism is needed to make green fuel competitive with
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MPV/HL carriers weigh costly, time-consuming alternatives to Panama Canal
Low water restrictions and “exorbitant” costs for rare transit slots through the drought-hit waterway mean tramp breakbulk and heavy-lift carriers must use longer ocean
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US warehouse fluidity returning to normal amid import drop, inventory discipline
US importers have finally cleared out most of the inventory overhang that kept their warehouses at capacity and created bottlenecks in their supply chains.
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Global liner performance unchanged in October, but USWC ticked higher
While container volumes have largely returned to normal historical levels, ocean carriers still have not been able to restore performance to pre-pandemic levels.
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Roadrunner to enter Canada as K+N, Canada Cartage make cross-border acquisitions
The expansion of the three companies, all representing different modes across the US-Canadian border, underscores the depth of the relationship between the two economies.
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USDA invests $200 million to boost agricultural sector’s export efforts
The fresh funding is part of recent federal efforts to increase economic opportunities for farmers and reduce food costs for US residents.
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