News

02.07.2020

MPV charter rates end seven-month slide

Cuts to the oil and gas sector threaten the project cargo market even as rates stabilize. Credit: Shutterstock.com. The Toepfer Multipurpose Index rose 0.2 percent in […]
01.07.2020

Acquisitions fuel fast-growing Chicago dray operator

In 2019, Mark-It Express Logistics ranked 48th on the Crain’s Chicago Business’s list of the 50 fastest-growing companies in the Chicago area with $37.6 million in […]
01.07.2020

Rising Asia-Europe volumes to test carrier capacity management

Carriers in Europe say advance bookings do not suggest “right now” that cargo would need to be rolled in Asia in July. Photo credit: Shutterstock.com. Forwarders […]
01.07.2020

US loans YRC Worldwide $700 million, citing ‘national security’

YRC will use a portion of the US loan to pay overdue Teamster health and benefit obligations. Photo credit: Ari Ashe. YRC Worldwide will receive a […]
01.07.2020

JOC Uncharted: Episode 7

The seventh episode of JOC Uncharted, available at 11 a.m. Eastern, features a one-on-one conversation with BBC Chartering CEO Ulrich Ulrichs, during which he discusses working […]
01.07.2020

MSC unveils online freight booking tool

Customers of MSC can obtain quotes and book their spot containers online on two of the major trade lanes. Photo credit: Shutterstock.com. Mediterranean Shipping Co. on […]
30.06.2020

Longshore workers set to strike at two Montreal marine terminals

A container vessel nears the Port of Montreal via the Saint Lawrence River. Photo credit: Shutterstock.com. Montreal longshore workers will strike for 40 hours at two […]
30.06.2020

LA-LB gate fees to rise 4.2 percent Aug. 1

The traffic mitigation fee effective Aug. 1 will be $33.47 per TEU and $66.94 per FEU on both day and night shifts in LA-LB. Photo credit: […]
30.06.2020

Trans-Pacific carriers push third GRI in a month

July 1 general rate increases of $250 to $800 per FEU will apply to most shipments in excess of importers’ minimum volume commitments. Photo credit: Shutterstock.com. […]
30.06.2020

Port of Virginia NIT expansion nearing completion

Once the final eight cranes are installed, each of Norfolk International Terminals’ 30 stacks will have two semi-automated gantry cranes. Photo credit: Virginia Port Authority. Landside […]