Category: Shipping

January 22, 2024

Port of Oakland saw its container volumes decrease by 11.6% to 2,065,709 TEUs with full containers declining by 10.1% to 1,574,444 TEUs in 2023. “2023 finished strong,” pointed out Port of Oakland Maritime Director Bryan Brandes, adding, “Carrier on-time performance […]

January 18, 2024

The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dramatic shift in seaborne trades in the western hemisphere seen in recent […]

January 17, 2024

The Red Sea exodus is gaining traction in multiple sectors with Egypt coming to terms with the fact that it will take a very big hit in revenues generated from Suez Canal transits this year. Suez Canal transits generated $10.25bn […]

January 16, 2024

Five NGOs – Fossielvrij, Protect our Winters, Dryade, CLAW, and Opportunity Green – have launched a legal challenge against the European Commission, requesting it to review its green investment rules on aviation and shipping. In Tuesday’s press release, Opportunity Green […]

January 16, 2024

Brad Jacobs, serial entrepreneur and executive chairman of XPO Logistics, launched his book on Monday, enticingly titled, “How to Make a Few Billion Dollars.” In this, his first book, Jacobs describes the many good and sometimes painful lessons he has […]

January 12, 2024

APM Terminals and Plaquemines Port Harbor and Terminal District (Plaquemines Port) signed a letter of intent for the construction of a state-of-the-art container terminal on the West Bank of Plaquemines Parish, Louisiana, US. “This major commitment shows the market’s tremendous […]

January 11, 2024

DHL Supply Chain announced Tuesday it now owns and operates 50 Orange EV yard trucks and is one its was to its way to owning 50 more. The first shipping company to deploy a heavy-duty Class 8 electric truck, DHL […]

January 11, 2024

A new federal watchdog report criticizes the U.S. Department of Transportation for not properly documenting how it prioritizes funding for major infrastructure projects involving highways, ports and freight rail — but DOT disagrees with the assessment. The report, published and […]

January 8, 2024

Longpoint has acquired a cluster of industrial-logistics properties totaling 1.4 million square feet across 12 locations in the Miami and Fort Lauderdale, Florida, areas. The Boston-based real estate private equity firm acquired the 25-building industrial portfolio for $262 million from […]

January 5, 2024

The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the newbuilding orderbook demonstrates a measured 3% year-on-year increase, standing at 126 million compensated gross tons (CGT). […]

January 5, 2024

Truck transportation jobs continued a slow recovery from the depths of the freight recession and the job losses created when Yellow Corp. went out of business in 2023. The December figures released by the Bureau of Labor Statistics on Friday […]

January 3, 2024

From chocolates melting in the heat to pharmaceuticals degrading in the cold, the delicate balance of temperature-controlled shipping is a dance Echo Global Logistics has worked hard to master. Frank Hurst, Echo’s executive vice president of less-than-truckload, has been a […]

January 2, 2024

The push for decarbonization and energy transition seen this year paints a promising picture of the industry’s ability to navigate complex global dynamics and emerge stronger on the path toward a more environmentally conscious and efficient future. Here’s a glimpse […]

December 29, 2023

Trucking M&A was tepid again in 2023 as freight demand slowed. Interest rates stepped higher, which proved a hindrance to deal financing, and tightened credit markets were met by still lofty valuation expectations from sellers. Through the first week of […]

December 29, 2023

Shippers and forwarders are becoming increasingly concerned about carrier price gouging on the Asia to Europe services citing massive increases in charges that are being merged into a single charge from January. According to one forwarder, who wanted to remain […]

December 29, 2023

The California Air Resources Board said it will delay enforcing certain registration or reporting provisions of its Advanced Clean Fleets regulation, just days ahead of a year-end deadline it had set for trucking companies. Under the rule, drayage fleets and […]

December 28, 2023

While election-year politics may gridlock Congress from passing meaningful truck-related legislation in 2024, the potential for a change in administrations could be a catalyst for finalizing two regulations that have major cost and operational implications for the industry. Proposed rules […]

December 28, 2023

The air cargo industry underwent a serious stress test in 2023 as collapsing market demand and rates dragged down revenues, forcing many all-cargo carriers to scale back operations, postpone aircraft investments and tighten budgets, before a late resurgence in volumes […]

December 28, 2023

Throughout November 2023, Port Houston managed nearly 3.5 million TEUs, reflecting a 5% decrease compared to the record volumes of the previous year. While loaded export TEUs for November experienced a 2% decline from the same period last year, the […]

December 27, 2023

The security situation in the Red Sea continues to drive shipping stock prices both up and down. Longer voyage distances due to detours around the Cape of Good Hope reduce effective capacity, a positive for freight rates, and thus share […]