News
Ex-Asia air freight capacity constraints to persist in 2025
Capacity will continue to be the greatest challenge facing cargo owners moving goods from Asia by air this year.
Norfolk Southern begins limiting export container moves ahead of possible strike
It’s important for railroads to prevent export containers from clogging their terminals because domestic and international intermodal cargo share terminal space.
ILA, USMX reach tentative deal that avoids another port strike
While the draft language of the tentative agreement was not disclosed, the two sides said the deal includes language that covers the contentious issue of port automation and new technologies.
Limited disruption likely as new carrier alliances roll out: Alphaliner
With the threat of a US port strike averted, the transition to new global service networks will not be accompanied by widespread disruption, the analyst believes.
US truckload spot rates rising, but shippers keeping lid on contract rates
The lack of sustained underlying freight demand is keeping contract truckload rates close to flat, analysts and shippers say, despite a late-year seasonal gain in spot rates.
Cargo volumes for mega cracker project at Antwerp to peak in 2025
The project, expected to drive further investment at Europe’s second-busiest port, is the largest investment in Europe’s chemical industry in more than 20 years.
Vancouver braces for congestion, high rail dwells through January
A confluence of factors, including vessel bunching at Asian load ports and a pre-Lunar New Year cargo surge, have combined to cause congestion at the port and reduce its railcar availability.
FedEx, UPS to continue discounting parcel rates amid increased competition
The US last-mile market has become fragmented, benefiting shippers from both a cost and capacity perspective.
Cosco forecasts 95% jump in 2024 net profit on robust volumes, freight rates
The carrier’s top-line financials are a clear signal that container shipping is firmly back in profitable territory following a poor end to 2023 that left several carriers nursing losses.
Taiwan’s Big Three carriers see 30% slide in H2 monthly revenues after rate slump
The decline reflects the wider slide in container freight rates from August, which accelerated in October and November as cargo demand eased.