Data shows US in midst of extended period of inventory drawdowns: analyst
Inventory drawdowns and right-sizing will keep Asia-to-US container and air freight volumes soft well into 2024, writes analyst Jason Miller.
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FMC’s Bentzel seeks industry input for agency’s data initiative
With a formal request for information, Federal Maritime Commissioner Carl Bentzel believes the agency is introducing a more “transparent and inclusive process” with stakeholders
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MSC reconnects India to Asia-USWC string as contract rates tick higher
MSC, which has implemented large-scale network realignments in recent months, halted Indian calls on the Sentosa service in April when it opened a standalone
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Spot rate gains puts pressure on shippers delaying Asia-Europe contracts: Xeneta
Additional upwards pressure might soon be brought to bear on spot rates, with forwarders expecting carriers to ramp up blank sailings through the fourth
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Carriers hold fast to trans-Pac capacity cuts amid unclear import demand
Blank sailings during August held largely steady from July as the outlook for US import demand remains unclear, according to forwarders.
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Estes expands use of Optym as LTL market deals with Yellow fallout
Estes Express Lines has long used third-party software to amp up its service to customers, with an expansion of its partnership with less-than-truckload software
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Strong demand, tight tonnage boost earnings for ro/ro sector
Longer term, global vehicle sales are expected to exceed pre-pandemic levels from 2024 onward, while high and heavy volumes are also expected to remain
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US July imports from Asia hit 11-month high, portending year-on-year fall growth
The fresh data also showed — starkly — how the West Coast’s share of imports from Asia eroded during the 13 months of contentious
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Shippers reluctant to shoulder high cost of decarbonization: executives
Getting shippers to commit to premium-priced, low-emissions shipping services is a hard sell for ocean carriers and forwarders as cargo owners enjoy rates that
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