News

17.04.2020

Virginia port to idle terminal due to COVID-19 volume drop

The Port of Virginia will idle all operations in the Portsmouth Marine Terminal due to a decline in volume. Only 11 percent of vessel calls in […]
17.04.2020

Coronavirus flattens Coyote’s truckload pricing curve

Spot US truckload rates have given up the gains of March and are still falling. Photo credit: Shutterstock.com. The impact of the coronavirus disease 2019 (COVID-19) […]
17.04.2020

Digitalization in container shipping inevitable, but impact unclear

Digitalization will allow mutually enforceable transactions to become the norm in container shipping, potentially eliminating the 25 percent of booked containers still failing to appear at […]
17.04.2020

Carriers blank East Coast South America-Asia sailings to steady rates

Hapag-Lloyd is one of several carriers slashing capacity on the East Coast South America-Asia trade. Photo credit: Shutterstock.com. Carriers, including Maersk, Cosco Shipping Lines, and Hapag-Lloyd, […]
17.04.2020

US ports offer temporary storage ahead of anticipated May surge

APM Terminals on Monday announced an import container storage initiative at its five terminals in North America. Photo caption: Shutterstock.com Although terminal operators at US ports […]
17.04.2020

Charleston port lowers volume outlook again

The Port of Charleston has lowered forecasts once again for FY2020 after automakers in South Carolina extended plant shutdowns and ocean carriers blanked additional sailings. Photo […]
16.04.2020

East-West container rates converge on Asia-Europe trade

Container ships in the port of Antwerp. Strong demand has continued on the eastbound trades despite the coronavirus dragging down volume on routes from Asia to […]
16.04.2020

Uber Freight boosts transparency with ‘in-app bidding’ offering

In-app bidding allows carriers to receive feedback on their bids directly in the Uber Freight app from customers. Photo credit: Shutterstock.com. Uber Freight will offer drivers […]
16.04.2020

Rotterdam predicts big volume hit from COVID-19

Europe’s busiest container port of Rotterdam reported a throughput decline of 4.7 percent in the first quarter, handling 3.54 million TEU. Photo credit: Shutterstock.com. Rotterdam is […]
16.04.2020

‘Lost year’ for growth in 2020, but rebound in 2021: XPO

XPO Logistics CEO Bradley S. Jacobs expects a recovery in «fits and starts» in the second half of 2020. Photo credit: Ari Ashe, JOC.com/IHS Markit. The […]