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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
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News & Analysis
Ocean carrier rate revision roundup for Nov. 21
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Ocean shipping group seeks to fine-tune electronic invoicing
Alan M. Field |
An independent organization of ocean industry executives seeks to enhance the efficiency and popularity of electronic invoicing by establishing a single standard that simplifies ocean freight invoicing by automating the time-consuming and costly manual invoicing and reconciliation process.
Forwarding
US retailers worry West Coast port delays will hurt post-Black Friday restocking
JOC Team |
Major U.S. retailers don't expect U.S. West Coast port congestion to hamper getting Black Friday products on the shelves, but they’re far less confident on their ability to keep stores stocked through the entire holiday season.
Forwarding
North American ports
Ocean carrier rate revision roundup for Nov. 14
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Wilh. Wilhelmsen earnings, revenue slip on weaker ro-ro volumes
Bruce Barnard, Special Correspondent |
Norway’s Wilh. Wilhelmsen ASA posted weaker earnings and revenue for the third quarter as the auto and project shipping and logistics group saw a seasonal decline in ocean freight volumes and an unfavorable cargo and trade mix.
Forwarding
Economic uncertainty slowed 2013 growth among top global transportation providers
William B. Cassidy, Senior Editor |
Combined growth among the 50 largest transportation and logistics companies worldwide slowed to a halt in 2013 amid global economic uncertainty. The combined revenue of the 50 companies slipped 0.1 percent after increasing 2.6 percent in 2012 and 8.4 percent in 2011.
Logistics Technology News
Air Cargo Forwarder News
Rail News
Forwarding
Port congestion depressed October shipment volumes, Cass says
William B. Cassidy, Senior Editor |
The massive congestion and delays experienced by shippers using the ports of Los Angeles and Long Beach slowed freight movement inland and contributed to reduced shipment numbers in October and higher shipping costs, according to the latest Cass Freight Index.
Marine terminals
Forwarding
Brazilian unions, port managers unite to support stand-alone ports ministry
Rob Ward |
Brazil's port managers and unions are uniting to try to keep the country's Special Ports Ministry separate from the Ministry of Transport.
International ports
Forwarding
Ocean carrier rate revision roundup for Nov. 7
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
SCFI: After a brief rally, spot rates start to slide
Greg Knowler, Senior Europe Editor |
A rapid rise in spot rates on the Asia-Europe trade following a host of general rate increases failed to hold on to last week's gains, sliding more than 10 percent to $1,175 per 20-foot container, according to the latest Shanghai Containerised Freight Index reading released today.
Maritime
Forwarding
Bunker prices drop to four-year low
JOC Team |
Low-sulfur bunker fuel prices continued a 22-week downward trend this week, sinking to lows that haven't been seen since in nearly four years.
Forwarding
Weekly wrap-up: 6 stories on LA-LB congestion
Grace M. Lavigne, Associate Web Editor |
The weekly wrap-up features the Top 10 stories on JOC.com in the past week. Find out what you missed.
Forwarding
Ocean carrier rate revision roundup for Oct. 31
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Online consumer guru joins Freightos to automate freight pricing
Greg Knowler, Senior Europe Editor |
HONG KONG — Robert Mylod, the former Priceline CFO who played a major role in automating the online consumer travel market, has joined online freight pricing and quoting network Freightos, which plans to mimic the automated system that was such a game changer in the travel business.
Logistics Technology News
Forwarding
Robust OOCL volumes battle to lift revenue per box
Greg Knowler, Senior Europe Editor |
Maritime
Forwarding
Ocean carrier rate revision roundup for Oct. 24
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
German shipping banks may fail ECB stress tests
Bruce Barnard, Special Correspondent |
The world’s largest ship financiers, mostly German, could see their vessel assets, dominated by container ships, written down by up to 20 percent in the European Central Bank’s impending review of Eurozone banks’ resiliency.
Forwarding
Details of polar shipping code released by IMO
JOC Team |
Shipowners operating in the Arctic and the Antarctic caught a glimpse of the first set of international regulations on the trade today, the first full draft of laws aimed at reeling in the shipping's Wild West.
Forwarding
UPS to raise air, ground package, LTL freight rates 4.9 percent
William B. Cassidy, Senior Editor |
UPS will raise freight rates for air and ground packages, domestic and international shipments and less-than-truckload freight by 4.9 percent on average Dec. 29, the company said Monday.
Logistics Technology News
Forwarding
LTL
Trucking News
Air Cargo
New player enters US-Mexico short-sea market
JOC Staff |
Growing U.S.-Mexico trade has attracted a new player into the sparse short-sea market connecting the two countries, with a service aimed at the U.S. Southeast market for northbound cargo.
Container lines
Forwarding
US container imports, exports mixed in September
Grace M. Lavigne, Associate Web Editor |
U.S. imports of ocean containers reached a record high in September, as retailers expect a robust holiday season, but exports continued to decline from soft global demand, making 2014 so far the worst year for container exports in the past four years.
Container lines
Forwarding
Ocean carrier rate revision roundup for Oct. 17
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Orbcomm hopes to get chassis, containers talking
William B. Cassidy, Senior Editor |
Tracking chassis as they move around and through ports and railheads is the next step in building a more sophisticated, interconnected supply chain, telematics company Orbcomm says.
Logistics Technology News
Forwarding
Frequent sailing schedule changes challenge shippers
Grace M. Lavigne, Associate Web Editor |
From July through September, there were roughly 22.5 million global sailing schedule changes on more than 1.3 million schedules from 20 carriers, underscoring the challenges of shipment planning, according to a new report from CargoSmart.
Forwarding
Aussie regulator on a misleading crusade, rails head of Shipping Australia
Greg Knowler, Senior Europe Editor |
The war of words between Australia’s competition regulator and the container shipping industry continued today, with Shipping Australia CEO Rod Nairn branding Australian Competition and Consumer Commission chairman Rod Sims “naive,” “blind to the facts” and “on a crusade.”
Transport, Trade, and Regulation News
Forwarding
China issues new advanced manifest rule details
JOC Staff |
China Customs issued data field requirements for its forthcoming advanced manifest rule but still hasn’t announced an effective date, according to a Maersk Line advisory issued on Oct. 13
Forwarding
Weekly wrap-up: ILWU-PMA talks, 2M’s FMC approval and intermodal issues
Grace M. Lavigne, Associate Web Editor |
Events on the U.S. West Coast dominated on JOC.com this past week, as labor negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association could finally be heating up. Five of the Top 10 stories on JOC.com in the past week focused on the issue.
Longshore labor
Forwarding
Drayage
Ocean carrier rate revision roundup for Oct. 10
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Scant improvement in berth productivity on mega-ships
JOC Staff |
Berth productivity on ships of 10,000 TEUs and higher edged upward globally in the first half of 2014 versus the same period last year, but saw wide variation depending on the region, according to JOC Port Productivity data.
Marine terminals
Forwarding
Container shipping recovery depends on alliances, cost-cutting, Drewry says
Bruce Barnard, Special Correspondent |
The recovery in container shipping will be driven by the formation of new mega-alliances between carriers and further cuts in unit costs, rather than a rebalancing of supply and demand, according to Drewry Shipping Consultants.
Forwarding
CTS: Volumes up from Asia to Europe, North America
JOC Team |
Containerized exports from Asia to Europe and North America increased year-over-year in August, but spot rates in the Asia-to-Europe and North America trade lanes dropped, according to Container Trade Statistics.
Container lines
Forwarding
SeaIntel: WTO forecasts don’t reflect container trade growth
Grace M. Lavigne, Associate Web Editor |
Growth rate figures from the World Trade Organization appear to be an underestimation of growth in container volumes, and as a result, SeaIntel Maritime Analysis still expects global container demand growth to be 4 percent to 6 percent in 2014, despite downward revisions to WTO forecasts.
Forwarding
Weekly wrap-up: Ship collision, protests and port congestion
Grace M. Lavigne, Associate Web Editor |
“If it bleeds, it leads,” is a saying in the news industry that means bad news gets higher ratings than good news, and that rang true on JOC.com this past week.
Forwarding
International ports
Housing demand drives up US wooden furniture imports
Grace M. Lavigne, Associate Web Editor |
U.S. imports of wooden bedroom furniture by dollar value have increased for four consecutive quarters, driven by an ongoing recovery in the real estate market and falling national unemployment numbers...
Container lines
Forwarding
Nigeria aims to ease Lagos congestion by pushing use of other ports
JOC Team |
In an effort to ease congestion at the Lagos Port Complex, Nigeria is looking into ways to encourage shippers to use the country's underutilized eastern ports more.
Forwarding
Ocean carrier rate revision roundup for Oct. 3
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Drewry: Spot rates from Asia to Europe cut nearly in half
JOC Team |
Spot rates from Asia to northern Europe in 2014 are nearly half of what they were a year ago, according to the World Container Index.
Forwarding
Idle container ship fleet falls to three-year low
Bruce Barnard, Special Correspondent |
The idle container ship fleet has shrunk to a three-year low, driven by rising carrier demand for Panamax vessels of 3,000 TEUs to 5,100 TEUs capacity, according to Alphaliner.
Forwarding
Bunker prices edge up after summer plunge
JOC Team |
Bunker fuel prices in Rotterdam, a global indicator, held steady this week though the charge per metric ton is historically lower than in previous years.
Forwarding
Weekly wrap-up: Maersk news, carrier rankings and LA fire
Grace M. Lavigne, Associate Web Editor |
Maersk Line-related stories dominated on JOC.com this past week. The No. 1 container carrier again made news with more 2M developments, plans for new ship orders and comments from its CEO.
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