dship Carriers adds to MPV order book with larger, more fuel-efficient vessels
Keith Wallis, Special Correspondent | Mar 18, 2024, 4:44 PM EDTTougher environmental rules are expected to drive more MPV scrapping even as the order book expands thanks to new MPV and open-hatch ship orders.
Sharp slide in spot rates provides background to trans-Pacific contract talks
Bill Mongelluzzo, Senior Editor | Mar 18, 2024, 1:54 PM EDTThis year’s annual service contract negotiations are occurring amid the latest disruption in container shipping as vessels divert away from the Red Sea and Suez Canal to avoid possible attacks by Houthi militants.
Norfolk Southern debuts Atlanta appointment system for import loads
Ari Ashe, Senior Editor | Mar 18, 2024, 11:33 AM EDTThe railroad believes requiring appointments and grounding containers into stacks will improve the flow of trucks through its terminal outside Atlanta.
Diversions around southern Africa expose Asia-Europe ships to rising ETS costs
Greg Knowler, Senior Editor Europe | Mar 18, 2024, 10:55 AM EDTLonger voyages around Africa to avoid Red Sea attacks have naturally resulted in greater fuel consumption from vessels, but with Europe now charging carriers per ton of emissions, the cost implications are significant.
Digital broker Transfix follows US shippers deeper into LTL trucking
William B. Cassidy, Senior Editor | Mar 18, 2024, 9:55 AM EDTRising shipper interest helped propel digital freight marketplace Transfix into LTL through a partnership with Rocket Shipping, and Transfix expects the LTL trend to continue.
Yellow uses auction proceeds to repay $700 million loan to US government
William B. Cassidy, Senior Editor | Feb 6, 2024The US Treasury Department is the first major creditor to be repaid by the bankrupt LTL provider, which received the controversial loan early in the COVID-19 pandemic.
NY-NJ marine terminal chief expects new ILA labor contract before October
Michael Angell, Associate Editor | Feb 6, 2024Though talks have seemingly been on hold, Maher Terminals’ Gary Cross said he has “no doubt” the longshore union and port employers along the East and Gulf coasts will reach a new agreement before the existing deal expires.
‘Stressed’ US truckload market searching for elusive turning point
William B. Cassidy, Senior Editor | Feb 6, 2024, 2:01 PM ESTTruckload spot rates are creeping higher, but trucking executives see no catalyst for stronger price increases absent higher freight demand, even as capacity slowly tightens.
Intermodal savings held steady in Q4, in line with long-term averages
Ari Ashe, Senior Editor | Feb 6, 2024The average cost savings for a shipper choosing intermodal rail over truckload was consistent during 2023 and should be relatively unchanged at least through the first quarter, according to the latest Journal of Commerce Intermodal Savings Index.
Railroads settle into ‘go it alone’ strategy post-CPKC merger: analyst
Larry Gross, president and founder, Gross Transportation Consulting and Journal of Commerce analyst | Feb 6, 2024North American intermodal functions mainly as a set of regional networks defined by railroad route structures, one of the handicaps for intermodal as it competes against a “go-anywhere” national truck system, writes analyst Larry Gross.
Industrial expansion driving boost in New Orleans project cargo volumes
Keith Wallis, Special Correspondent | Feb 5, 2024Project volumes will include steel and modules related to the development of the second phase of the $21 billion Venture Global liquefied natural gas export facility under construction in Plaquemines Parish, downriver from New Orleans.