News

22.03.2019

Teamsters, YRC agree in principle on new contract

Terms of the tentative pact between the Teamsters union and the largest unionized LTL operator aren’t final yet, but the extension of the current contract until […]
22.03.2019

New flat-fee PierPass model well-received

Under PierPass 2.0, appointment fees have been reduced from $72.09 per TEU to $31.52 per TEU and are assessed around the clock, as opposed to only […]
22.03.2019

Hapag-Lloyd ups new strategy expectations

Hapag-Lloyd’s new Strategy 2023 is to focus on improving service quality, selective global growth, and on raising profitability. Photo credit: Hapag-Lloyd. Hapag-Lloyd says its customer-focused, value-adding […]
22.03.2019

Montreal’s Viau terminal to nearly double capacity

An expansion of the port of Montreal The port of Montreal is expanding the capacity of one of its four main terminals by 70 percent to […]
22.03.2019

Higher ‘accessorials’ raising costs for US shippers

Pressure on truck rates may lead to greater use of accessorial charges to capture costs not always covered by pure pricing. Photo credit: Shutterstock.com. As US […]
22.03.2019

Savannah, Houston drive Asia import shift to East Coast

The port of Savannah handled 1.4 million TEU of imports from Asia last year, an 11 percent increase from 2017, according to PIERS. Photo credit: Shutterstock.com. […]
21.03.2019

Arviem linking visibility with trade financing

Arviem’s new product will allow goods in transit to be “financeable from the container doors closing,” Aidan Shilling, director of working capital services, tells JOC.com. Photo […]
21.03.2019

Low-sulfur fuel supply fears wane; price still unclear

Carriers will start making the transition from heavy fuel oil to the 0.5 percent low-sulfur variant in the fourth quarter, which is when the bunker adjustment […]
21.03.2019

Energy, industrial sectors inject MPV/HL demand

Weak demand, overcapacity, and low freight rates have resulted in a raft of mergers, acquisitions, and bankruptcies in the multipurpose and heavy-lift (MPV/HL) sector. Photo credit: […]
21.03.2019

EC floats modification option for liner block exemption

The European Commission has until April 2020 to decide whether to repeal, extend, or modify the liner block exemption regulation. Photo credit: Shutterstock.com. ROTTERDAM — The […]