Industry News

  • Persistent congestion at Port of Montreal spurs drayage rate hikes
    by Mar 23, 2018 7:00PM EDT on March 23, 2018 at 11:00 pm

    The Port of Montreal. Photo credit: Persistent congestion at the Port of Montreal and longer than normal turn times have prompted some frustrated truckers to increase rates — $75 per hour waited per container in one case — and marine terminals to consider consider extending gate hours. The Montreal Port Authority... […]

  • ILA, USMX report ‘significant progress’ on 6-year extension
    by Mar 23, 2018 6:20PM EDT on March 23, 2018 at 10:20 pm

    A giant crane awaits a container ship at the Port of New York and New Jersey. Photo credit: The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) reported “signficant progress” during two days of bargaining on a six-year extension of their East and Gulf Coast labor contract. This week’s... […]

  • Blank sailings can’t stop trans-Pac spot rate drop
    by Mar 23, 2018 5:38PM EDT on March 23, 2018 at 9:38 pm

    Port of Los Angeles. Photo credit: The cancelling of roughly a dozen trans-Pacific sailings in recent weeks wasn’t enough to prevent the spot rate to move a FEU from Asia to the West Coast from falling below $1,000 and below $2,000 to the East Coast. But the blank sailings — part... […]

  • Trade dispute with China threatens US container exports
    by Mar 23, 2018 5:18PM EDT on March 23, 2018 at 9:18 pm

    Port of Los Angeles. Photo credit: China’s initial retaliation for US President Donald Trump’s latest announced tariffs would affect some 85,000 twenty-foot-equivalent units (TEU) of US containerized exports, according to data from PIERS, a sister product of within IHS Markit. Though this is only a tiny slice of the 12.5... […]

  • New Orleans backs multimodal project at former shipyard
    by Mar 23, 2018 4:43PM EDT on March 23, 2018 at 8:43 pm

    The Port of New Orleans. Photo credit: Two companies involved in converting a defunct steel mill site into the Tradepoint Atlantic logistics hub near Baltimore are trying to put together a similar project at the former Avondale Shipyard outside New Orleans. HRE New Orleans, a joint venture of T. Parker Host... […]

  • SSA opens Mexico ro-ro terminal amid vehicle export surge
    by Mar 23, 2018 2:33PM EDT on March 23, 2018 at 6:33 pm

    Vehicles in Mexico waiting to be loaded for export. Photo credit: The first two vessels arrived at the specialized $51 million roll-on, roll-off terminal at Mexico’s Port of Lazaro Cardenas this week, as the country’s auto exports continued to increase, rising by 12.1 percent in 2017 over 2016 amid signs... […]

  • New India-Bangladesh train service to lower shipping costs
    by Mar 23, 2018 1:09PM EDT on March 23, 2018 at 5:09 pm

    Dhaka, Bangladesh. Photo credit: Shippers are applauding the scheduled March 27 trial run of the India-to-Bangladesh freight train service — with regular service set to begin within two months — that will provide shippers with a cheaper, quicker, non-truck transport option. Moreover, the train has the potential to substantially reduce transport... […]

  • Blockchain success in shipping hinges on standardization
    by Mar 23, 2018 10:39AM EDT on March 23, 2018 at 2:39 pm

    A Maersk Line container ship at the Port of Oakland. Photo credit: A current industry concern is how one makes sense of the barrage of blockchain announcements already this year and of the feeling that these may be the opening chess moves in a profound game that could reshape how... […]

  • Breakbulk, forwarders adapt to meet demands of new water works era
    by Mar 23, 2018 9:17AM EDT on March 23, 2018 at 1:17 pm

    A desalination plant in Santa Barbara, California. Photo credit: IDE Technologies. Water taps for the 4 million inhabitants of Cape Town, South Africa, could run dry as soon as July because of a sustained drought. São Paulo, Brazil’s largest city, has had water shortages so severe that armed convoys have had... […]

  • US shipper spending on surface transport hits historic high
    by Mar 22, 2018 3:54PM EDT on March 22, 2018 at 7:54 pm

    A truck travels on a US secondary road. Photo credit: US surface freight volumes and spending on trucking and intermodal rail remained higher in February than year-ago levels, resembling the 2014 marketplace in which the balance strongly tipped in favor of the carriers, according to new monthly data from Cass... […]

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