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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Journal of Commerce Rankings: Kerry consolidates top NVO position
Eric Johnson, Senior Technology Editor |
The overall market share of the top 25 non-vessel-operating common carriers in the eastbound trans-Pacific rose 0.8% year over year from January through May, signaling that the largest NVOs weren’t able to take much volume from mid-market peers.
Maritime
Forwarding
Large forwarder acquisition activity, advent of AI puts pressure on midsize NVOs
Eric Johnson, Senior Technology Editor |
Midsize NVOs are always under pressure from an M&A perspective, say market observers, and the current freight rate environment is making it hard to value them accurately.
Maritime
Forwarding
Slync founder Kirchner gets 20-year prison sentence for misuse of funds
Eric Johnson, Senior Technology Editor |
The former CEO of the now bankrupt logistics software vendor has landed in federal prison after a high-profile saga that began with Slync employees not getting paid for weeks in 2022.
Logistics Technology News
Forwarding
Supply chain
Asia-USWC spot rates edge lower as new capacity takes edge off overheated market
Bill Mongelluzzo, Senior Editor |
Forwarders expect the rate decline to accelerate in the coming weeks after carriers launched or reinstated 10 services into the eastbound trans-Pacific.
Maritime
Container Shipping News
Container lines
Forwarding
Trans-Pacific
High ocean rates slam brakes on European imports of low-margin goods
Greg Knowler, Senior Editor Europe |
Some imports from Asia are being priced out of the market with container shipping costs on the westbound trade almost seven times higher than this time last year.
Maritime
Container Shipping News
Container lines
Forwarding
Asia-Europe
Software vendors eye ocean bookings as linchpin for broader digitization
Eric Johnson, Senior Technology Editor |
While the industry has focused on areas such as tracking and quoting, advancements in booking technology portend new potential for digitizing containerized supply chains.
Logistics Technology News
Container lines
Forwarding
Supply chain
INTTRA platform market share loss suggests new landscape for ocean freight booking
Eric Johnson, Senior Technology Editor |
Shippers and forwarders now have a range of options to book with ocean carriers, who themselves have developed direct online portals to lure smaller ocean freight buyers.
Logistics Technology News
Container lines
Forwarding
CEVA integrating Bolloré, restructuring company to unlock product verticals
Greg Knowler, Senior Editor Europe |
The CMA CGM subsidiary is centralizing its organizational structure following a string of high-profile and expensive acquisitions, making use of its critical size in key product sectors.
Maritime
Container lines
Forwarding
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
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