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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Maersk, citing ‘integration challenges,’ says won’t pursue DB Schenker acquisition
Greg Knowler, Senior Europe Editor |
The forwarder’s enormous staff count and a lack of investment in logistics infrastructure contributed to the carrier dropping out, a source told the Journal of Commerce.
Maritime
Container Shipping News
Container lines
Forwarding
Stakeholders sorting out per diem bills under new FMC rules
Michael Angell, Senior Editor |
The agency’s detention and demurrage rules are still unclear as to billing those charges to truckers, according to challenges put forth by ocean carriers.
Transport, Trade, and Regulation News
Container lines
Forwarding
Marine terminals
North American ports
Drayage
SEKO reinstated to US duty-free program, but still pursuing action against CBP
Eric Johnson, Senior Technology Editor |
The forwarder says it has been “conditionally” restored to CBP’s so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions.
Transport, Trade, and Regulation News
Forwarding
Air Cargo
Air Cargo Forwarder News
CBP curtails low-value shipment access for multiple customs brokers
Eric Johnson, Senior Technology Editor |
Growth in the use of a low-value shipment rule has attracted critics, who say the de minimis program provides a loophole for e-commerce companies abroad to evade duties.
Transport, Trade, and Regulation News
Forwarding
Air Cargo
Air Cargo Forwarder News
CMA CGM pays $1.9 million to settle FMC finding over billing action
Micheal Angell, Senior Editor |
FMC investigators found the carrier “overbroadly defined and applied” the merchant clause in its bill of lading to a third party “who should not have been billed,” the agency said.
Transport, Trade, and Regulation News
Container Shipping News
Container lines
Forwarding
Drayage
Flexport hit with second FMC billing complaint this month
Eric Johnson, Senior Technology Editor |
A legal battle over unpaid detention and demurrage bills between the forwarder and importer Giti Tire has now moved to US maritime regulators.
Transport, Trade, and Regulation News
Forwarding
Logistics Technology News
Annual contract talks offer up new twist in carrier-forwarder relationships
Peter Tirschwell |
In the recently completed annual negotiating round, trans-Pacific carriers slashed, or in some cases eliminated, the access of forwarders to fixed-rate bookings for accounts whose identity they disclose.
Maritime
Container lines
Forwarding
Trans-Pacific
Shippers fight for allocations as early peak season hits Asia-Europe
Greg Knowler, Senior Editor Europe |
The peak season typically runs from June to September, but unseasonably strong demand is placing capacity under mounting pressure and driving up rate levels on the trade lane.
Maritime
Container Shipping News
Container lines
Forwarding
Asia-Europe
Forward Air claims ‘no customer attrition’ following Omni merger
William B. Cassidy, Senior Editor |
The expedited surface transportation provider said it has kept customers and is adding business but needs to “aggressively” address profitability after a first-quarter loss.
Surface
Forwarding
Trucking News
LTL
Lower ocean, air rates weigh on DHL Global Forwarding despite volume growth
Keith Wallis, Special Correspondent |
Group CFO Melanie Kreis would not comment on the near-term freight rate outlook or the likelihood of a modal shift from ocean to air or sea-air caused by supply chain disruptions, including the ongoing vessel diversions to avoid the Red Sea.
Forwarding
Container Shipping News
Air Cargo Forwarder News
Shippers, forwarders add tight ocean space to Asia-Europe market challenges
Greg Knowler, Senior Editor Europe |
European importers are shrugging off gloomy economic forecasts, but rising volume out of Asia is putting pressure on available capacity that is already stretched by longer transits around southern Africa.
Maritime
Container Shipping News
Container lines
Forwarding
Asia-Europe
Ex-Slync CEO Urban joins Chain.io board to bolster company’s growth
Eric Johnson, Senior Technology Editor |
John Urban spent a year as chairman and CEO trying to salvage Slync, the logistics automation platform negatively impacted by the high-profile legal saga of its founder Chris Kirchner.
Forwarding
Supply chain
Logistics Technology News
DSV expects demand growth to continue for balance of 2024
Greg Knowler, Senior Editor Europe |
The Denmark-based forwarder believes the solid increase in volume it saw in the traditionally weak first quarter will extend through the rest of the year, with a focus on improving yields to keep its 2024 profitability target on track.
Surface
Container Shipping News
Forwarding
Expected growth in air, ocean volume 'a silver lining’: Kuehne + Nagel
Greg Knowler, Senior Editor Europe |
Demand that began to build at the end of last year spilled into the first quarter and K+N says its forward bookings indicate the positive volume development will continue as the year progresses.
Supply chain
Container Shipping News
Forwarding
Air Cargo Carriers News
Cautious shippers navigate post-pandemic landscape of visibility data tools
Eric Johnson, Senior Technology Editor |
The primary dilemma for shippers is whether to source visibility data or applications from a standalone vendor or to expect it to be included in a bundle from a third-party logistics provider.
Logistics Technology News
Container lines
Forwarding
Supply chain
Asian air cargo block space sold out for 2024 as e-commerce fills export capacity
Greg Knowler, Senior Editor Europe |
The air freight market is off to a strong start this year with volume out of Asia up 11% in the traditionally slow first quarter while rates rose steadily through March.
Air Cargo
Forwarding
Air Cargo Carriers News
Maersk integrator strategy under growing scrutiny amid DB Schenker interest
Peter Tirschwell |
Maersk has been a lone exception to the truism that customer demands for neutrality inevitably lead carrier-owned forwarders to be structurally independent.
Maritime
Container lines
Forwarding
Journal of Commerce Rankings: 3PLs struggle with post-pandemic sugar high
Eric Johnson, Senior Technology Editor |
The top end of the global 3PL sector is populated by companies that see a down market as a chance to focus on higher-yield customers and those that see a chance to build market share.
Forwarding
Air Cargo Forwarder News
Supply chain
MSC unit secures takeover of French forwarder Clasquin
Greg Knowler, Senior Editor Europe |
The acquisition will add significant volume of air and ocean cargo to the MSC subsidiary and extend its reach into European markets.
Forwarding
Container Shipping News
Air Cargo Forwarder News
DB Schenker profitable 2023 shows it’s still the jewel in Deutsche Bahn crown
Greg Knowler, Senior Editor Europe |
The global forwarder is up for sale, and its high level of profitability during an otherwise challenging year for logistics could improve a selling price that analysts have already said could top $20 billion.
Forwarding
Surface
Rail News
Sharp slide in spot rates provides background to trans-Pacific contract talks
Bill Mongelluzzo, Senior Editor |
This year’s annual service contract negotiations are occurring amid the latest disruption in container shipping as vessels divert away from the Red Sea and Suez Canal to avoid possible attacks by Houthi militants.
Maritime
Container Shipping News
Container lines
Forwarding
Trans-Pacific
North American ports
International ports
DP World shuns asset-light approach in rapid expansion of forwarding unit
Greg Knowler, Senior Editor Europe |
The port operator has grown its global forwarding footprint to 100 offices, using its network of terminals, warehouses, road and rail to provide greater visibility and control of shipments.
Forwarding
International ports
Intermodal providers
Asia-Europe ocean rates in rapid retreat as market settles into new normal
Greg Knowler, Senior Editor Europe |
As the shock of diversions around southern Africa wears off and weekly schedules mostly return to normal, the spot rates that peaked in mid-January are falling fast.
Maritime
Container Shipping News
Container lines
Forwarding
Asia-Europe
DHL drops pursuit of DB Schenker amid questions over value ‘upside’
Keith Wallis, Special Correspondent |
DHL’s decision leaves Denmark’s DSV as the only remaining obvious potential bidder for DB Schenker after Kuehne+Nagel confirmed last week it would not pursue an acquisition.
Forwarding
Supply chain
TPM24: Industry veteran sees little value in ocean carriers integrating logistics services
Michael Angell, Associate Editor |
Otto Schacht, who’s worked for Hapag-Lloyd and Kuehne+Nagel, said forwarders will remain vital to the industry thanks to a high degree of customer service.
Maritime
Container Shipping News
Container lines
Forwarding
Supply chain
Wincanton drops CEVA bid to accept huge cash offer from GXO
Greg Knowler, Senior Editor Europe |
The offer made by CEVA in January appeared to be a done deal, but GXO’s competing bid delivered a 26% premium on the CEVA offer and was swiftly accepted by Wincanton’s board.
Forwarding
Surface
Trucking News
LTL
K+N buoyed by ‘robust’ 2023 result, late Q4 market recovery
Greg Knowler, Senior Editor Europe |
The market upswing that began in November has continued through February, with the forwarder expecting further growth this year, especially in ocean freight.
Forwarding
Container Shipping News
Air Cargo
CMA CGM closes $5 billion Bolloré deal, but faces bidding war for Wincanton
Greg Knowler, Senior Editor Europe |
The carrier’s acquisition spree has brought one of France’s largest transport and logistics companies into the group, but its bid to acquire UK forwarder Wincanton is being challenged.
Maritime
Forwarding
Supply chain
PayCargo targets invoice automation with Rippey AI acquisition
Eric Johnson, Senior Technology Editor |
PayCargo has taken a majority ownership stake in process automation company Rippey AI to better connect invoicing to payment transactions.
Logistics Technology News
Container Shipping News
Forwarding
Air Cargo
Supply chain
Flexport resurrects Convoy truckload tech as tool for drivers, brokers
Eric Johnson, Senior Technology Editor |
Increased driver adoption of apps in the truckload industry was driven in part by now-shuttered broker Convoy, whose technology was relaunched Thursday by forwarder Flexport.
Logistics Technology News
Forwarding
Trucking News
Truck brokers
India-Europe trade hit hard by longer transits amid Red Sea diversions
Greg Knowler, Senior Editor Europe |
Carriers are dealing with a significant backlog of cargo that has built up because of longer transit times, cutting down available space for exports and raising rate levels.
Maritime
Container Shipping News
Container lines
Forwarding
International ports
Logistics’ complicated structure requires equally complex approach to AI usage
Eric Johnson, Senior Technology Editor |
ChatGPT and generative AI have captured most of the attention around artificial intelligence in logistics, but the diverse range of processes underpinning global supply chains require multiple types of AI working in concert.
Logistics Technology News
Container Shipping News
Forwarding
Air Cargo
Maersk to ‘look into’ potential DB Schenker acquisition: Clerc
Greg Knowler, Senior Editor Europe |
The profitability of global forwarders since the pandemic has piqued Maersk’s interest in the sector and it would be “irresponsible” to ignore DB Schenker’s availability, according to the carrier’s CEO.
Maritime
Container Shipping News
Container lines
Forwarding
Gebrüder Weiss buys Cargo-Link, expanding US LCL network
William B. Cassidy, Senior Editor |
The Austria-based global logistics provider looks to increase its US presence, adding less-than-containerload services by acquiring a Utah-based forwarder.
Maritime
Forwarding
Air Cargo
C.H. Robinson sees cautious shippers, no near-term global demand upturn
William B. Cassidy, Senior Editor |
The largest US broker and forwarder expects ocean spot rates to subside after the Chinese New Year and for US trucking markets to slowly improve throughout 2024.
Surface
Container Shipping News
Forwarding
Trucking News
Truckload
LTL
DSV volume stabilizes in Q4 to deliver solid 2023 result
Greg Knowler, Senior Editor Europe |
While down significantly from 2022, the forwarder remained profitable last year as fourth-quarter gains helped dull the full-year impact of sharply correcting global freight markets.
Maritime
Container Shipping News
Forwarding
Intermodal providers
Shippers urged to tether rate management with freight invoice processes to cut errors
Eric Johnson, Senior Technology Editor |
Most shippers use spreadsheets to manage rates from forwarders and container lines, which contributes to an inefficient process for freight payments and audits.
Logistics Technology News
Forwarding
Supply chain
Former Slync CEO Kirchner convicted by federal jury over misuse of company funds
Eric Johnson, Senior Technology Editor |
A guilty verdict against Slync founder Chris Kirchner brings closure on a saga that came to light when Slync employees went unpaid for weeks in spring 2022.
Logistics Technology News
Forwarding
Supply chain
Nippon Express takes minority stake in India-based digital forwarder
Eric Johnson, Senior Technology Editor |
The digital forwarding model saw a stress test in 2023 amid faltering freight volumes and rates, but investments in early 2024 might signify staying power for the concept.
Forwarding
Supply chain
Logistics Technology News
Red Sea diversions could last for ‘months’ until attack risk ends: Drewry
Greg Knowler, Senior Editor Europe |
But the analyst noted the expected effect on equipment shortages, port congestion and ship schedules will be far less than that experienced during the pandemic as the supply chain reorganizes itself around the longer transit times.
Maritime
Container Shipping News
Container lines
Forwarding
Asia-Europe
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