Matson expects weak demand, freight rates to continue through H1
The softening outlook from niche carrier Matson foreshadows that the decline in US imports from Asia and the softening freight rates that began last
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Half of trans-Pacific vessel capacity faces Lunar New Year cut: analyst
While a 50 percent capacity cut is about typical in the eastbound trans-Pacific during the post-Lunar New Year lull, more blank sailings could be
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EU acts against dumped fatty acid from Indonesia
Today, the European Commission imposed anti-dumping duties on fatty acid from Indonesia. This follows an investigation which showed that EU industry was being harmed
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EU maintains duties on aluminium road wheels from China
Today, the European Commission extended anti-dumping duties on aluminium road wheels from China for another five years.
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US truckload spot market nearing its floor: analysts
US dry-van spot rates appear to be stabilizing, but contract rates are dropping by double-digit percentages as new pricing and service agreements take effect.
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Port of South Louisiana buys Avondale terminal as wind cargo boost looms
The acquisition of Avondale by the port comes just as the state of Louisiana readies to auction its first round of offshore wind leases.
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Trans-Pac spot rate spread for East, West coasts narrows ahead of Lunar New Year
The narrowing spread between East and West coast spot rates in the eastbound trans-Pacific comes as spot rates to the East Coast have fallen
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US shippers still facing LTL rate pressure: Cowen/AFS study
Less-than-truckload rates are rising despite economic headwinds as accessorials, general rate increases, and a trend toward higher freight rate classes support a high pricing
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MPV rates slump as breakbulk moves back to container sector
Despite a decline in daily charter rates, the longer-term MPV outlook remains strong due to increased investments in oil and gas and renewables projects.
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Estes Express plans near-port expansion as new generation takes charge
The largest US family owned LTL trucking company is adding terminals, including one in Southern California, as Webb Estes moves into the president’s office.
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