Freight: Page 45
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Airfreight rates expected to stay elevated through peak due to loss of belly capacity
Freighter capacity increased 29% in July compared to the same month last year, but the gains were not enough to offset a 70% dip in belly capacity.
By Matt Leonard • Sept. 2, 2020 -
Maersk's latest reshuffle dissolves Damco, integrates air and LCL
The carrier's reorganizations, acquisitions and divestments are focused on a central goal: to be an integrated logistics company and a provider of end-to-end services for shippers.
By Shefali Kapadia • Sept. 1, 2020 -
Q3 ocean volume on par with 2019, but Transpacific rates jump nearly 50%
Consumers have buoyed ocean volume by moving spending from services to goods during lockdowns.
By Matt Leonard • Aug. 31, 2020 -
Retrieved from Pixabay.
FMCSA floats pilot on pausing 14-hour driving window
Part of the Split Duty Period Pilot Program would explore how often detention pauses occur and what effect they have on drivers.
By S.L. Fuller • Aug. 31, 2020 -
Uber Freight to offer short-term dedicated contracts on over 1,000 lanes
Digital brokers are addressing the need for secure capacity and pricing in a volatile market.
By S.L. Fuller • Aug. 28, 2020 -
Chris Cassidy. (2020). Retrieved from NASA.
Spot rates jump, ports remain closed as Laura heads north
Experts anticipate disruptions could last for days, due to high-speed winds and flooding in agricultural and energy supply chain hubs.
By Emma Cosgrove • Updated Aug. 27, 2020 -
Regulators warn Class I railroads on service issues, 'excessively late' trains
The railroads have renewed their commitment to precision scheduled railroading principles as volumes remain low compared to 2019.
By Morgan Forde • Aug. 26, 2020 -
Drewry: Ocean reefer cargo expected to grow nearly 4% annually until 2024
The pandemic could disrupt apparel, electronics and other items that travel in dry containers more than food traveling in reefers.
By Matt Leonard • Aug. 26, 2020 -
(2020). Retrieved from NOAA.
Hurricane Laura expected to disrupt Gulf Coast supply chains beginning Wednesday
The Port of Houston, which handles 70% of the container cargo making land in the Gulf of Mexico, will close Wednesday and possibly Thursday.
By Emma Cosgrove • Aug. 25, 2020 -
CH Robinson allows real-time pricing, instant booking with TMS integrations
The integration lets shippers pull real-time rates into their existing systems without introducing a new tool.
By Matt Leonard • Aug. 25, 2020 -
Case accusing carriers, chassis pool operators of 'sweetheart deal' moves forward after judge denies stay
The complaint filed by the ATA with the Federal Maritime Commission claims ocean carriers get chassis at a cheaper rate than trucking companies, resulting in overcharges totaling "as much as $1.8 billion" over the last three years.
By Matt Leonard • Updated Feb. 1, 2021 -
UPS to raise China-US parcel surcharges 30% starting Aug. 30
China/Hong Kong airfreight rates are nowhere near their peak in May, but they have been slowly gaining altitude since early July with some hint of moderation in August.
By Emma Cosgrove • Aug. 21, 2020 -
Maersk bullish on remainder of 2020 after increasing rates 4.5% in Q2
The carrier reinstated guidance but with a familiar caveat: The market is still more unpredictable than it was pre-pandemic.
By Matt Leonard • Aug. 20, 2020 -
Deep Dive
Peak season in a pandemic: What happens to freight rates and capacity?
Metrics and economic factors can help shippers gauge capacity and rates for air, ocean, trucking and rail heading into freight's busy season.
By Matt Leonard • Aug. 20, 2020 -
Spot rates are sky high. Will contract rates follow?
Contract rates typically catch up to spot rates in three to six months, but weakness in the economy could stall an increase.
By Jim Stinson • Aug. 20, 2020 -
Ports show mixed results on imports ahead of back-to-school season
Imports of some school staples slumped in July, suggesting that shippers are being cautious as many schools begin the year teaching remotely.
By Matt Leonard • Aug. 18, 2020 -
Imports rose in July. Has peak come early or are supply chains making up for lost time?
Empty container returns to Asia from the Port of Los Angeles were on par with 2019 levels, signaling an expected uptick in trade flows on the Transpacific.
By Matt Leonard • Aug. 14, 2020 -
Study: Dedicated contract carriage will grow modestly as shippers seek capacity safe haven
Contracts can shield shippers now when spot rates are high, but they helped shield carriers when volumes dropped in March and April.
By S.L. Fuller • Aug. 14, 2020 -
Transpacific rates swell as retail restocking revives import volume
Capacity has grown compared to this time last year, but the reintroduction of sailings hasn't pushed down rates for cargo flowing from East Asia to the U.S. West Coast.
By Matt Leonard • Aug. 12, 2020 -
Retrieved from Business Wire on August 11, 2020
JB Hunt makes 120-mile haul for Walmart in Daimler electric truck
The carrier's first delivery using an all-electric Freightliner eCascadia marked the start of a three-month testing phase.
By S.L. Fuller • Aug. 12, 2020 -
Railroads voice wary optimism for peak as freight volumes make slow progress in July
Intermodal traffic is close to pre-pandemic levels, down 1% compared to July 2019. CSX attributed growing intermodal volumes to retailers replenishing inventories.
By Matt Leonard • Aug. 11, 2020 -
Strike ends at Port of Montreal, operations resume
During the 11-day strike, container terminals closed their gates to trucks as port workers protested overtime cuts and changes to premium pay for nights and weekends.
By Jim Stinson • Updated Aug. 24, 2020 -
Spot market rates shoot up as capacity tightens
Truckload capacity usually declines at this point in the year, DAT said, but a citrus volume surge in California, a hurricane along the Southeast coast, and consumer demand and fulfillment caused an increase in loads.
By Jim Stinson • Aug. 7, 2020 -
Retrieved from CNES, distributed by Airbus DS on August 06, 2020
CMA CGM, Hapag-Lloyd, Maersk and MSC resume operations at Port of Beirut
The port resumed operations on Monday afternoon, according to a notice from Maersk which reported the container terminal saw only minor damage.
By Emma Cosgrove • Updated Aug. 12, 2020 -
Tropical Storm Isaias heads up East Coast threatening road, sea freight movement
The storm's winds could overturn truck trailers along the busy 1-95 corridor and increase the risk for downed trees on railroad tracks.
By Emma Cosgrove • Aug. 4, 2020