<div class="phx-topic abstract-wrapper"><p>It’s been five years since Union Pacific instituted a surcharge this early in the year, a sign that the railroad expects shippers to continue to shift freight off the highway amid higher trucking and fuel costs.</p></div>

It’s been five years since Union Pacific instituted a surcharge this early in the year, a sign that the railroad expects shippers to continue to shift freight off the highway amid higher trucking and fuel costs.

Feature image

Rail News

North-American rail

Intermodal providers

Surface

UP imposes peak season surcharge on low-volume shippers

<div class="phx-topic abstract-wrapper"><p>Ocean carriers are warning shippers to expect additional costs and delays for shipments through India’s busiest container port amid an influx of transshipment cargo rerouted due to the Middle East war.</p></div>

Ocean carriers are warning shippers to expect additional costs and delays for shipments through India’s busiest container port amid an influx of transshipment cargo rerouted due to the Middle East war.

Port News

International ports

Maritime

Rail congestion adds to inland delays from India’s Mundra Port

<div class="phx-topic abstract-wrapper"><p>The volume of high-tech goods from Asia to North America increased 70% year over year while US imports of e-commerce declined, according to aviation consultancy Aevean.</p></div>

The volume of high-tech goods from Asia to North America increased 70% year over year while US imports of e-commerce declined, according to aviation consultancy Aevean.

Trans-Pacific

Supply chain

Air Cargo

Trans-Pacific air cargo sees huge US demand for data center components

<div class="phx-topic abstract-wrapper"><p>Chris Brooks rose from copy editor to co-running the <i>Journal of Commerce</i> and helping to build TPM into the largest shipping conference in the world during his 42-year tenure.</p></div>

Chris Brooks rose from copy editor to co-running the Journal of Commerce and helping to build TPM into the largest shipping conference in the world during his 42-year tenure.

Container Shipping News

Journal of Commerce exec director Brooks retiring after storied career

<div class="phx-topic abstract-wrapper"><p>Day rates out of Southeast Asia and China have remained firm, but it is a different story for charter fees out of Europe, the US, or the Mediterranean.</p></div>

Day rates out of Southeast Asia and China have remained firm, but it is a different story for charter fees out of Europe, the US, or the Mediterranean.

Asia-Europe

Breakbulk News

Minor dip in MPV freight rates belies trade lane imbalances

<div class="phx-topic abstract-wrapper"><p>Amazon’s “asset-backed” less-than-truckload service is based on company-owned equipment and technology, its freight director says. </p></div>

Amazon’s “asset-backed” less-than-truckload service is based on company-owned equipment and technology, its freight director says.

Trucking News

Amazon Freight says new LTL offering is not a ‘brokerage’

<div class="phx-topic abstract-wrapper"><p>If a regulatory model developed through years of technical analysis, public consultation, and formal review can be substantially redirected through a subsequent political intervention, what signal does that send about the stability of regulatory decision-making?</p></div>

If a regulatory model developed through years of technical analysis, public consultation, and formal review can be substantially redirected through a subsequent political intervention, what signal does that send about the stability of regulatory decision-making?

Brazil’s largest port tender faces a regulatory credibility test

<div class="phx-topic abstract-wrapper"><p>Those in the freight transportation industry must continue to deliver a safe and economical product while action is taken to rid the market of ‘non-compliant’ capacity, writes Ted Prince.</p></div>

Those in the freight transportation industry must continue to deliver a safe and economical product while action is taken to rid the market of ‘non-compliant’ capacity, writes Ted Prince.

Truckload

Truck brokers

Trucking labor

Freight markets must navigate ‘new normal’ amid capacity battle

North Asia to East Coast South America

{date.formatDate('MMM dd, yyyy')}: ${valueY} 
Y-o-Y change: {previous_year_spot_rate_change_north_asia_to_east_coast.formatNumber('##,## %')} 
W-o-W change:  {previous_week_spot_rate_change_north_asia_to_east_coast.formatNumber('##,## %')}

North Asia to West Coast South America

{date.formatDate('MMM dd, yyyy')}: ${valueY} 
Y-o-Y change: {previous_year_spot_rate_change_north_asia_to_west_coast.formatNumber('##,## %')} 
W-o-W change:  {previous_week_spot_rate_change_north_asia_to_west_coast.formatNumber('##,## %')}

S&P Global Platts editors engaging with market participants to assess the current value of freight-all-kinds (FAK) rates on major container trades produce container spot rates. The rates include bunker adjustment factors, general rate increases and emergency rare restoration. They also include low-sulfur fuel, equipment imbalance and repositioning surcharges. The rates exclude terminal handling, port security, overweight container, delivery, and detention and demurrage charges. [Platts](https://www.spglobal.com/commodityinsights)

North Asia to East and West Coast of South America (Platts)

Platts container rate North Asia to East and West Coast South America Weekly Gateway

<div class="phx-topic abstract-wrapper"><p>The end of the Indus Express service comes as Indian exports to the US East Coast in April were down 25% year over year. </p></div>

The end of the Indus Express service comes as Indian exports to the US East Coast in April were down 25% year over year.

Container lines

Forwarding

MSC pulls India-USEC capacity amid cloudy market conditions

<div class="phx-topic abstract-wrapper"><p>With its spin-off completed, standalone carrier FedEx Freight wants to reverse recent volume declines by filling more trailers with non-industrial freight.</p></div>

With its spin-off completed, standalone carrier FedEx Freight wants to reverse recent volume declines by filling more trailers with non-industrial freight.

Independent FedEx Freight looks to roll into new markets

<div class="phx-topic abstract-wrapper"><p>Current indications are that the normal schedule program for the “Epic” service will begin with a late-June westbound vessel departure out of India’s Nhava Sheva Port, sources say.</p></div>

Current indications are that the normal schedule program for the “Epic” service will begin with a late-June westbound vessel departure out of India’s Nhava Sheva Port, sources say.

CMA CGM set to expand Suez transits via India-Europe routing resumption

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<div class="phx-topic abstract-wrapper"><p>A strong supply-demand balance has developed in favor of container shipping lines, with rate increases and surcharges sticking amid an early start to the peak season. </p></div>

A strong supply-demand balance has developed in favor of container shipping lines, with rate increases and surcharges sticking amid an early start to the peak season.

Ocean carriers cash in as high demand piles on stretched shipping system 

<div class="phx-topic abstract-wrapper"><p>The National Retail Federation on Monday upgraded its previous forecast for June imports, but lowered expectations for imports landing through the rest of the summer and into early fall.</p></div>

The National Retail Federation on Monday upgraded its previous forecast for June imports, but lowered expectations for imports landing through the rest of the summer and into early fall.

US retailers forecast early — and brief — peak shipping season

<div class="phx-topic abstract-wrapper"><p>The company is dealing with the fallout from a $77 million accounting error that has delayed its financial reporting, led to the departures of its CFO and COO, and is possibly behind slow payments to some third-party vendors. </p></div>

The company is dealing with the fallout from a $77 million accounting error that has delayed its financial reporting, led to the departures of its CFO and COO, and is possibly behind slow payments to some third-party vendors.

Partner complaints put Hub Group payment practices under spotlight

<div class="phx-topic abstract-wrapper"><p>While there is no widespread drying up of fuel in the worst-hit ports, availability is steadily tightening in specific regions, particularly around low-sulfur blends.</p></div>

While there is no widespread drying up of fuel in the worst-hit ports, availability is steadily tightening in specific regions, particularly around low-sulfur blends.

Hormuz closure drives deepening divide in east-west bunker supplies

<div class="phx-topic abstract-wrapper"><p>Encouraged by the stickiness of early June rate hikes, carriers are capitalizing on robust demand as an early start to peak season keeps ships full on North Europe and Mediterranean trades.</p></div>

Encouraged by the stickiness of early June rate hikes, carriers are capitalizing on robust demand as an early start to peak season keeps ships full on North Europe and Mediterranean trades.

UP imposes peak season surcharge on low-volume shippers

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Essential Reads

MSC pulls India-USEC capacity amid cloudy market conditions

Independent FedEx Freight looks to roll into new markets

CMA CGM set to expand Suez transits via India-Europe routing resumption

Recent Commentary

Brazil’s largest port tender faces a regulatory credibility test

Freight markets must navigate ‘new normal’ amid capacity battle

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