News

08.03.2022

Contract rates escalating in trans-Pacific amid ongoing congestion

East Coast contract rates inked since Dec. 1 are up 160 percent year over year and 300 percent from 2019, according to Xeneta. Photo credit: Shutterstock.com. […]
08.03.2022

Cash-rich CMA CGM offers smaller shippers dedicated capacity

Like its competitors, CMA CGM reported record earnings in 2021, with net profit rising nearly 950 percent to $17.8 billion. Photo credit: Oliver Hoffmann/Shutterstock.com. CMA CGM […]
08.03.2022

Ukraine invasion could tighten already-scarce MPV tonnage

The war in Ukraine could affect European short-sea steel and grain shipments. Photo credit: Shutterstock.com. Sanctions against Russia could intensify an already-chronic shortage of MPV/HL tonnage […]
07.03.2022

Carriers build capacity out of Asia on strong demand expectations

Maersk increased its vessel fleet capacity by 6.4 percent to 4.3 million TEU in 2021. Photo credit: Shutterstock The significant increase in deployed capacity by carriers […]
07.03.2022

Forto follows Flexport into multi-billion dollar valuation

Forto has raised $540 million over the past 16 months, turning demand during the pandemic into a trove of cash to build its product and expand […]
07.03.2022

Zim launches first-ever SE Asia-USEC express service

Zim’s new service gives Baltimore its first direct service from Southeast Asia. Photo credit: Shutterstock.com. Zim Integrated Shipping is launching the first-ever expedited ocean service connecting […]
07.03.2022

LTL volumes soar in February at truckers ODFL, Saia

SJ Consulting Group expects revenue at the largest US LTL trucking companies to rise as much as 12 percent in 2022, after jumping 20.6 percent in […]
07.03.2022

JOC Rankings: Capacity, driver shortages constrain US truckload growth

The JOC Top 25 US Truckload Carriers saw their combined revenues rise 15.3 percent to $35.6 billion in 2021. Photo credit: Everett Media/Shutterstock.com. Acquisitions and the […]
05.03.2022

Independent Asia carrier starts US East Coast service

Sea Lead said its new service looks to take advantage of less congested ports on the US East Coast, although that region has been dealing with […]
04.03.2022

Charleston terminals extend hours to reduce container backlog

One-third of the import containers on terminal at the Port of Charleston as of late February had been there for 15 days or longer. Photo credit: […]