NY-NJ port stakeholders improve trucker experience as downturn cuts work
The influx of new drivers to the New York-New Jersey port helped it handle record volumes in 2022, but the downturn means less work
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Capacity oversupply keeps US truckload rates in decline
Excess capacity is lingering in US freight markets because fewer carriers than expected have gone bankrupt so far this year, analysts say.
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Yang Ming’s Q1 revenue, profit plunge as global container market stalls
The Taiwan-based carrier is the latest container shipping line to have its extreme profitability of recent years slashed by a slowdown in demand and
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Asia-Med container volumes hit four-year high in March: CTS
A surge in volume from Asia to the Mediterranean in March has carriers injecting capacity into the trade to capture growing demand from southern
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EU scales up measures on dumped polyester yarn from China
Today, the European Commission adopted two Regulations which together renew, adjust and extend the scope of the existing measures on imports of high tenacity
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FMC needs to take oversight of rail storage charges: shippers
Rail storage fees continue to be a point of contention for shippers and the National Shipping Advisory Committee wants the FMC to step up
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Ocean carriers face two years of excess vessel capacity: Hapag-Lloyd CEO
Hapag-Lloyd believes an increase in demand on east-west trades in the third quarter, together with rising carrier costs and IMO emissions rules, could mitigate
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Top US Shippers: Supply chain bottlenecks put cork in US alcohol imports
US imports of beer, wine and spirits could have been even stronger over the last two years if not for widespread supply chain disruptions
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Softer rates, long-term confidence provide mixed signals for MPV carriers
Multipurpose and heavy-lift carriers expect short-term rate pain but a rising market further out, analysts say.
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ONE becomes latest carrier to drop per diem fees at closed US marine terminals
The change comes in advance of the FMC’s final rule on detention and demurrage billing that is due to be published in mid-June and
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