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Category: Shipping


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Caution urged as boxship charter bonanza rolls on

May 5, 2021

Via: Splash 247

There’s no let-up in the booming boxship charter scene with vessels breaking further records not just in prices paid, but also durations. Nevertheless, some analysts are beginning to question how much longer the red-hot conditions can last. The crunch of […]


Shipping

U.S. Xpress Reports Revenue of $450M for Q1

April 26, 2021

Via: Transport Topics

U.S. Xpress Enterprises saw revenue and earnings growth during the first quarter of 2021, the company reported April 22. The Chattanooga, Tenn.-based truckload carrier posted net income attributable to controlling interest of $2.5 million, or 5 cents per diluted share, […]


Shipping

Sen. Tom Carper Says USPS Should Buy More Electric Vehicles

April 22, 2021

Via: Transport Topics

The U.S. Postal Service should include more electric vehicles in its new fleet than it first envisioned when it awarded a $6 billion contract to Oshkosh Corp., a U.S. senator told nominees to the service’s board. “The Postal Service has […]


Shipping

Containerships Wanted: Carriers ‘Scraping the Barrel’ for Tonnage

April 22, 2021

Via: gCaptain

Carriers are “scraping the bottom of the barrel” for available tonnage, as the percentage of the global containership fleet commercially idle and not in dry dock has fallen to just 0.8%. And according to the latest Alphaliner survey, the severe […]


Shipping

Supply chain integration platform Chain.io secures $5M funding round

April 19, 2021

Via: FreightWaves

Data integration provider Chain.io has raised $5 million in a funding round led by Grand Ventures and Mercury Fund. Officials for the cloud-based platform said they will use the funds to fill a number of positions in sales, engineering, customer […]


Shipping

Retail sales pop in March along with freight demand

April 15, 2021

Via: FreightWaves

Retail sales, including food services, increased 9.8% sequentially in March, according to Thursday Census Bureau data. The pop in sales highlights the impacts of widespread vaccinations and federal stimulus payments to consumers. On a year-over-year comparison, sales were up 27.7% […]


Shipping

Air cargo gone wild: 9% growth in February

April 8, 2021

Via: FreightWaves

The international air cargo market has been on fire since last summer and the blaze is getting bigger, new figures show. The only thing dampening growth is a lack of capacity related to the severe pullback in international passenger flights. […]


Shipping

Container Shipping Had Its Best Quarter in History Last Year. 2021 Could Be Even Better

April 7, 2021

Via: gCaptain

Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record in the first quarter of this year. According to New York-based Blue Alpha Capital, […]


Shipping

FedEx reinstates money-back guarantees on most air deliveries

April 6, 2021

Via: FreightWaves

FedEx Corp. (NYSE:FDX) said Tuesday it has reinstated money-back guarantees on much of its air express deliveries, a move that followed by one day a similar step by archrival UPS Inc. (NYSE:UPS). Memphis, Tennessee-based FedEx will restore guarantees on all […]


Shipping

US freight rail market eyes consumer uplift

April 2, 2021

Via: FreightWaves

U.S. weekly rail volumes rose 16.1% year-over-year as last year’s pandemic-induced volume downturn reflects uneven comparisons, according to the Association of American Railroads (AAR). However, macroeconomic indicators still point to continued strength in the consumer economy, which could support rail […]