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FMC to investigate carriers’ role in port congestion

The FMC’s order drew immediate support from organizations representing truckers and agricultural exporters, who have testified about carrier practices they say contribute to port congestion and bottlenecks in the international supply chain.

Strong Q3 demand drives up CMA CGM profitability

CMA CGM is the latest carrier to post a highly profitable quarterly result in what the CEO has called “a favorable environment” that is expected to continue into the fourth quarter.

New York trucking, ferry pioneer Arthur Imperatore dies

The 95-year-old founder of A-P-A Transport helped define LTL trucking in the regulatory era, before establishing NY Waterway.

Carriers levy congestion surcharges on Chinese reefer imports

CMA CGM said its surcharge will apply to worldwide reefer shipments to Tianjin, including from the US, while MSC said its surcharge would be levied on reefer shipments from Europe.

Port Tampa Bay attracts US-Mexico service

Major and regional container carriers in recent years have added shuttle services on routes connecting ports in Mexico to the United States, particularly Tampa and Miami.

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Investors back Loadsmart’s digital multimodal strategy

Logistics Technology Providers

Container shortages, vessel delays stymie US agricultural exporters

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FMC says it has authority to hear trucking group’s chassis complaint

Regulation & Policy

Drop-and-hook demand prompts Convoy to invest in predictive capability

Trucking Freight Brokers

Equipment scarcity fuels surcharges for India-US cargo

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Maersk enjoys a ‘comfortable’ forwarder relationship: Skou

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Drewry cuts forecast for trans-Pacific contract rates

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Zim to launch new expedited services after record profit

Zim Integrated Shipping Services

Maersk’s profitable Q3 builds on non-ocean growth strategy

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Digitalization: Understanding the Role of Data Management

Global Retail and Manufacturing Brand Turns to QuestaWeb for Integrated, Modular Automated Global Trade Management Software

Shippers save money, time with automated transportation bidding tools

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Asia container shortage worsens, even for premium services

Trans-Pacific carriers, including those offering premium services, have been unable to fulfill all of their bookings in recent weeks due to the container shortage in Asia.

Carriers file rate increases on US ag exports to Asia

US agricultural exporters fear that even if they pay higher shipping rates, carriers will still turn down their bookings because liners can generate much higher revenue by using the containers for US imports from Asia.

US truckload carriers pushing for double-digit 2021 rate hikes

Capacity remains king in the US truckload market, as larger carriers face challenges hiring company drivers and owner-operators seek independent opportunities.

Pandemic-disrupted markets put spotlight on forwarder value

Shippers are leaning more heavily than usual on their service providers as an uncertain market makes securing space on vessels out of Asia and on-time shipping even more challenging.

Maersk’s integrator push threatens forwarders differently

Maersk’s integrator strategy is not affecting the carrier’s forwarder customers in a universal way, since the various elements of the transformation impact different sized intermediaries in varying ways.

JOC Shipping & Logistics Pricing Hub

The pricing data found here allows shippers and transport providers to more accurately benchmark and forecast for their supply chains. The various spot prices and indices are collected from third-party sources and updated weekly, monthly and quarterly, depending on the data set.

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Maritime News

FMC to investigate carriers’ role in port congestion

The FMC says it has a clear and compelling responsibility to investigate carrier practices that contribute to port-related congestion in the supply chain. Photo credit: Shutterstock.com.

Strong Q3 demand drives up CMA CGM profitability

The CMA CGM Jacques Saade, the world's largest LNG-powered container ship with a 23,000 TEU capacity, takes on bunkers for the first time at Rotterdam earlier this month. Photo credit: Rogier Bos, CMA CGM.

CMA CGM is the latest carrier to post a highly profitable quarterly result in what the CEO has called “a favorable environment” that is expected to continue into the fourth quarter.

Port Tampa Bay attracts US-Mexico service

Zim's weekly shuttle service connecting Port Tampa Bay with Mexico is part of a larger set of new offerings from the container carrier. Photo credit: Port Tampa Bay.

Major and regional container carriers in recent years have added shuttle services on routes connecting ports in Mexico to the United States, particularly Tampa and Miami.

Container shortages, vessel delays stymie US agricultural exporters

Vessels are arriving up to a week late in Oakland because they are delayed at their previous calls in Los Angeles-Long Beach. Photo credit: Shutterstock.com.

California agricultural exporters say failing to deliver their products on time to overseas customers can result in buyers attempting to “wiggle out” of contracts that contain firm deadlines.

Trucking News

Trucking Logistics

New York trucking, ferry pioneer Arthur Imperatore dies

At A-P-A Transport, Arthur Imperatore (here photographed in 2018) helped define LTL trucking in the regulatory era. Photo credit: SJ Consulting Group.

The 95-year-old founder of A-P-A Transport helped define LTL trucking in the regulatory era, before establishing NY Waterway.

Investors back Loadsmart’s digital multimodal strategy

Loadsmart has focused its capital on engineering and building multimodal capability since its founding in 2014. Photo credit: Shutterstock.com.

Loadsmart more than tripled the amount of capital raised through a $90 million round announced Friday as it seeks to automate the brokerage and optimization of US domestic transport modes.

Drop-and-hook demand prompts Convoy to invest in predictive capability

Convoy launched its drop-and-hook program in 2017 and has seen demand for it grow significantly in 2020 as it target shippers with more than 250 loads annually. Photo credit: Shutterstock.com.

Convoy has seen considerable volume growth for a program under which loads are pre-staged for drivers, prompting the freight broker to develop more predictive capability to route empty equipment to shippers’ facilities.

Multimodal optimization seen as key to future freight capacity

Rapidly rising volumes, and new lanes and customers create the need for better optimization of truck and rail shipments. Photo credit: Shutterstock.com.

Shippers will need to look not just at multiple transportation modes, but across modes, to secure capacity in 2021, digital broker Loadsmart said.

Port News

Carriers levy congestion surcharges on Chinese reefer imports

CMA CGM said its $1,250 surcharge will apply to worldwide reefer shipments to Tianjin, including from the US. Photo credit: Shutterstock.com.

CMA CGM said its surcharge will apply to worldwide reefer shipments to Tianjin, including from the US, while MSC said its surcharge would be levied on reefer shipments from Europe.

Port Tampa Bay attracts US-Mexico service

Major and regional container carriers in recent years have added shuttle services on routes connecting ports in Mexico to the United States, particularly Tampa and Miami.

Container lines set path to standardize facility coding

A lack of standardization in container facilities codes creates system communication problems and faulty data, organizations tackling the problem said. Photo credit: Shutterstock.com.

DCSA and BIC have built a database of 11,000 depots, container yards, maintenance and repair vendors, and other supply chain container facilities in 160 countries.

Asia–US import wave building on East, West coasts

Of the top 10 US gateways for Asian imports, Houston saw the sharpest growth in Asian imports in October from September. Photo credit: Shutterstock.com.

The intensity of Asia import flow is also shifting on the West Coast as volumes in October rose more sharply through the Northwest Seaport Alliance than though Southern California.

Technology News

Technology

Investors back Loadsmart’s digital multimodal strategy

Loadsmart more than tripled the amount of capital raised through a $90 million round announced Friday as it seeks to automate the brokerage and optimization of US domestic transport modes.

Drop-and-hook demand prompts Convoy to invest in predictive capability

Multimodal optimization seen as key to future freight capacity

Shippers will need to look not just at multiple transportation modes, but across modes, to secure capacity in 2021, digital broker Loadsmart said.

Forto's forwarding growth leads to major new funding round

Forto’s customer base has changed from sellers on Amazon's marketplace to mid-market shippers moving 200 or more containers per year. Photo credit: Shutterstock.com.

Digital forwarder Forto has snared its second large funding round of 2020 based on a three-fold growth in its ocean freight this year.

Breakbulk News

Breakbulk

COVID-19, capital spending cuts drive project logistics recalibration

Independent Project Analysis, a consultancy, estimates that some $154 billion in capital projects has been postponed or canceled since the COVID-19 pandemic began. Photo credit: Shutterstock.com.

Faced with the COVID-19 pandemic, shrinking investment in capital projects, and a slow-but-game-changing global shift towards a lower-carbon future, the industry is again recalibrating its project logistics relationships.

Breakbulk sector mulls long-term fallout from COVID-19

Cargo owners will be reassessing their global service agreements in the wake of the pandemic, according to an industry executive with experience as both a cargo owner and project forwarder. Photo credit: Shutterstock.com.

In the short term, EPCs see a painful gap growing in the oil and gas “project pipeline” because capital projects worth billions of dollars were delayed, with a few canceled or downsized.

Wallenius Wilhelmsen’s Q3 ocean volumes jump 33 percent

The 8,000 CEU new ship Tannhauser, the third of four environmentally efficient WW "HERO" ships, was delivered in September. Photo credit: Wallenius Wilhelmsen.

Wallenius Wilhelmsen turns in a positive third quarter as pent-up demand boosts auto sales while high and heavy cargo wavers.

G2 Ocean expanding breakbulk services despite COVID-19

G2 Ocean’s 61,026 DWT Ginkgo Arrow loading 33 wind turbine blades at V.O. Chidambaranar Port, formerly Tuticorin, in southeast India. Photo credit: G2 Ocean.

Multi-purpose carrier G2 Ocean's African and Indian semi-liner breakbulk services, established just as COVID-19 exploded, are flourishing despite lockdowns.

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