Freight: Page 51
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Shippers see lower bunker fees as ocean freight demand, oil prices drop
The surcharge shippers pay is now much lower than anticipated and the extra cost to comply with the new IMO regulations will be put off until the economy steadies.
By Matt Leonard • March 17, 2020 -
Struggling intermodal meets further headwinds with coronavirus
Intermodal had to compete with low spot rates in the trucking sector for all of 2019 and now must deal with a slump in demand caused by a pandemic.
By Matt Leonard • March 16, 2020 -
IGA looks to China operations for coronavirus guidance
Chinese supermarkets stretched to the limit by the crisis offer a glimpse of the challenges and solutions that grocers in the U.S. face.
By Sam Silverstein • March 16, 2020 -
Airfreight rates from China to US climb 27% in 2 weeks as demand surpasses capacity
Flight cancellations out of China have removed 5,100 tons of capacity from China per day on average, which has led to a 36% year-over-year decline in total airfreight capacity out of mainland China.
By Matt Leonard • March 12, 2020 -
EU travel restrictions to decrease transatlantic air cargo capacity
Though cargo-only flights are not restricted, removing belly cargo space from commercial flights will take a significant bite of out of market capacity on the affected routes.
By Emma Cosgrove • March 12, 2020 -
Union Pacific to tackle emissions reduction with science-based targets
Railroads are one of the lowest-emissions freight modes available, but a longstanding close relationship with the coal industry complicates their record on climate issues.
By Emma Cosgrove • March 11, 2020 -
Port of LA volume down 23% in February, further decline expected
The impact of the trade war with China was depressing volumes. Disruptions from novel coronavirus response efforts in Asia have driven levels down even further.
By Morgan Forde • March 10, 2020 -
XPO to acquire majority of Kuehne + Nagel's UK logistics assets
The deal gives XPO access to 75 of Kuehne + Nagel’s 83 logistics facilities in the country and a blue chip customer base in the e-commerce, technology, and food and beverage industries.
By Morgan Forde • March 10, 2020 -
NRF: Import bounce-back will take more time
NRF's tracker is now forecasting April imports will be down 3.5% year-over-year, due to the COVID-19 outbreak, while May and June are projected to be slightly more than 9% up.
By Emma Cosgrove • March 10, 2020 -
CMA CGM expects normal operations to resume in China mid-March
CFO Michel Sirat estimated the phenomenon could bring down the carrier's 2020 total revenue by 2-3%, or $100 million.
By Emma Cosgrove • March 9, 2020 -
Coronavirus adds hurdle for air cargo industry saddled with demand slump
Airfreight demand was down YoY for 2019 and the full impact of the COVID-19 outbreak won't show up until the February numbers are released next month, according to the International Air Transport Association.
By Matt Leonard • March 9, 2020 -
Chinese port calls trend toward normalcy
Figures from Clarksons Platou Securities, a maritime brokerage, suggest port calls have already surpassed 2019 levels.
By Matt Leonard • March 4, 2020 -
Blank sailings, demand drop could cost carriers a combined $1.9B
More blank sailings have been announced, but the pace has slowed and experts are optimistic.
By Matt Leonard • March 3, 2020 -
High fuel costs, overcapacity and contract delays threaten ocean shipping in 2020: report
Shippers have some leverage to push for pricing transparency, but many carriers' ability to survive current fuel prices and freight demand will depend on whether they can successfully implement price increases.
By Morgan Forde • March 2, 2020 -
FedEx adds on-demand customs brokerage to Freightos
The partnership includes new digital services for multi-modal rate management and sales; air pricing, quoting and ebooking; and customs brokerage.
By S.L. Fuller • Feb. 28, 2020 -
TQL cyber breach is latest example of the industry's vulnerability to hacking
The cyberattack compromised its carrier portal, potentially granting access to, "carrier accounts, including, in many instances, tax ID numbers and bank account numbers," according to the company's website.
By Morgan Forde • Feb. 28, 2020 -
Coronavirus renders nearly 9% of container shipping fleets inactive
Two million TEUs of capacity is now inactive, surpassing the previous record for blank sailing seen during the great recession.
By Matt Leonard • Feb. 28, 2020 -
Maersk secures $5B in credit tied to emissions progress
The carrier aims to cut carbon emissions by 60% per cargo moved by 2030.
By S.L. Fuller • Feb. 27, 2020 -
Ports of LA, Long Beach agree to jointly tackle pain point: visibility
The ports plan to involve stakeholders from shipping lines, cargo owners and drayage to address issues related to gate velocity, cargo predictability and chassis availability.
By S.L. Fuller • Feb. 26, 2020 -
"View from The Pinnacle@Duxton to one of the Ports, Singapore" by Zairon is licensed under CC BY-SA 4.0
Revenue concerns spread outside China with coronavirus cases
The difficulty in predicting the spread of the disease makes it especially challenging for companies to make plans and seek alternative suppliers.
By Matt Leonard • Feb. 26, 2020 -
Canadian National calls back furloughed staff, normal operations will take weeks
The railroad is still monitoring the network for further disruptions, said CEO JJ Ruest in a statement.
By Emma Cosgrove • Updated March 3, 2020 -
Shippers turn to air freight as Chinese factories come back online
The coronavirus outbreak led to a downturn in demand, but as commercial airlines cut capacity, carriers and freighters see an opportunity.
By Matt Leonard • Feb. 24, 2020 -
Are US railroads ready for post-coronavirus volume spikes?
Union Pacific CEO Lance Fritz said shippers need to take some responsibility for the flow of freight if they want speedy service after effects of the COVID-19 outbreak fade and China imports regain full strength.
By Emma Cosgrove • Feb. 21, 2020 -
Coronavirus: A lesson in supply chain risk management
Companies are finding workarounds as COVID-19 cases and heightened e-commerce demand continue to disrupt supply chains.
By Matt Leonard • Updated June 21, 2022 -
Maersk suspends 2020 earnings guidance
Beyond COVID-19, other economic factors may be exerting greater than expected pressure on shipping volume, as Maersk reported less than 1% loaded volume growth in 2019.
By Emma Cosgrove • Updated March 20, 2020