News

01.02.2022

Loadsmart channels SoftBank investment to $1.3 billion valuation

Digitally native broker Loadsmart, which has raised $346 million in total, said it plans to use its latest cash infusion to fuel product development. Photo credit: […]
01.02.2022

Soaring rates, congestion drive Hapag-Lloyd to ‘extraordinary’ 2021 result

The disrupted ocean shipping market is providing handsome returns for the carriers, and Hapag-Lloyd is heading for a consecutive record annual result. Photo credit: Shutterstock.com. Hapag-Lloyd […]
01.02.2022

Virginia avoiding vessel backlogs plaguing other East Coast ports

The Port of Virginia can be nimble because it can discharge vessels in two large container terminals, both of which the port authority runs and operates, […]
01.02.2022

Carriers hauling competing lines’ empty boxes from LA-LB to Asia

Empty containers account for more than 45 percent of all containers on Los Angeles-Long Beach docks. Photo credit: Shutterstock.com. Carriers calling on the ports of Los […]
01.02.2022

Full ships, port woes lead ONE to $6.7 billion net for fiscal H1

North American port and inland logistics bottlenecks disrupted ONE operations, but at the same time ramped up the carrier’s earnings. Photo credit: Shutterstock.com Ocean Network Express […]
31.01.2022

J.B. Hunt buys ‘middle-mile’ furniture fleet for $87 million

Bassett will rely on J.B. Hunt to manage a growing regional fulfillment network aimed at retail and wholesale customers. Photo credit: Shutterstock.com. Calling the consolidation of […]
31.01.2022

CMA CGM acquisition expands European last-mile delivery footprint

CEVA Logistics will add a majority share of France-based e-commerce company Colis Privé to its last-mile European offering. Photo credit: CEVA Logistics. CMA CGM has acquired […]
29.01.2022

Network changes boost Asia capacity to East, Gulf coasts

Zim will no longer take part in four services offered through 2M Alliance. Photo credit: Shutterstock.com. Ocean carriers in two major container alliances have announced 2022 […]
29.01.2022

Growing demand for domestic containers leaves shortage of 53-foot chassis

With Amazon, Walmart, and others bringing in thousands of new 53-foot containers, the chassis supply has been stretched thin as new orders are still being built. […]
28.01.2022

US East Coast e-commerce network growth fuels imports

Amazon will increase its US East Coast fulfillment capacity by 25 percent over the next several years. Photo credit: Shutterstock.com. The growth in US East Coast […]