Estes wins battle to control sale of Yellow terminals amid tightening LTL capacity
A US bankruptcy court approved a $1.525 billion bid by Estes Express Lines to be the “stalking horse” that sets the floor price for
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LA-LB must do more to reduce port emissions despite 2022 declines: regulator
Emissions spiked at the ports during the pandemic due to record container volumes and unprecedented supply chain bottlenecks that caused ships to idle at
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August volume boost, FAK rate revisions drive India-Europe rates higher
Signaling some growth expectations, Indian container volumes saw gains in August, hitting 1.9 million TEUs, up 14% from 1.7 million TEUs a year earlier.
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Trans-Atlantic blank sailings to ease despite loss-making rate levels
Carriers appear reluctant to make the drastic capacity reductions required to match supply with demand on the westbound trade lane, leaving rates far below
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More trans-Pac service cuts on tap for October as carriers seek to buoy rates
The decision to suspend a service outright may represent a new leg down in terms of ship capacity, which is expected to grow sharply
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Norfolk Southern teams with tech company to ease intermodal cargo flow
The Class I railroad and DrayNow will launch an app in 2024 designed to digitize, organize and streamline processes that have previously been performed
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Rising fuel costs driving US LTL, truckload costs higher
Cuts in oil production and increased fuel use globally are pushing up trucking fuel surcharges and, in turn, transportation costs for US shippers.
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Maersk, CMA CGM join forces in drive to accelerate shipping decarbonization
The two carriers will work together to develop alternative fuel standards, scale up the production of green fuel and ensure its supply at key
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Green fuel costs could make nuclear ships economically viable: experts
Small onboard nuclear reactors could ultimately be the lowest-cost method of decarbonization as shipping competes with other thirsty industries for sustainable net-zero fuels, according
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Ocean carriers will look to ‘chokepoint’ assets for next wave of spending: analyst
Owning and operating potential supply chain chokepoints is a competitive advantage, and we should expect to see major carriers — flush with cash post-pandemic
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