Latest news

Shippers are frontloading cargo on Canadian Pacific Railway ahead of a potential Teamsters strike on March 16, causing a surge in volume and delays getting containers onto trains.

Insurance technology provider Loadsure plans to use an $11 million funding round to expand in the US freight market and serve forwarders managing international shipments.

Maersk has signed strategic agreements with global green methanol producers as it accelerates progress towards revised greenhouse gas emissions targets.

DP World’s efforts to reach shippers directly through logistics and technology acquisitions is visible in the growth of its non-port-operating revenue last year.

Hapag-Lloyd has acquired Africa specialist carrier as the German container line expands its footprint in a continent the carrier’s CEO believes holds long-term potential.

Lineage Logistics is acquiring MTC Logistics, a cold storage operator with warehouses at the ports of Baltimore, Wilmington, Delaware, and Mobile.

Longshore union representatives have told the Federal Maritime Commission that better data sharing would create more labor efficiency and provide the ability to better handle unexpected situations on the docks.

Canadian Pacific Railway and Kansas City Southern have run their first-ever Mexico to US Midwest international intermodal train together as the US Surface Transportation Board reviews the merger of the two railroads.

The FMC has temporarily exempted Expeditors International from tariff filing obligations to allow the beleaguered forwarder to recover following a ransomware attack on its systems two weeks ago.

In reporting a $4.6 billion profit in 2021, Zim Integrated Shipping Services warns shipping disruption could bleed into 2023 but it expects some spot rate normalization in the second of half of this year.

The move by TS Lines to link with CULines on the Asia-Europe AEX service marks another step by intra-Asia-focused carriers to expand into east-west trades.

The truckload and less-than-truckload markets are closer than ever, as retail demand and inventory replenishment put pressure on capacity, Knight-Swift CEO David Jackson says.

XPO Logistics is spinning off its North American truckload brokerage business and looking to sell off its intermodal group.

Drayage provider NEXT Trucking is piloting a peel pile program in Southern California that links vessel stowage at origin with quick unloading of containers at warehouse destinations to narrow total transit times for shipments.

US imports are expected to be at near-record levels this spring and summer, with consumer demand remaining strong and supply chain bottlenecks showing no signs of improvement, retailers said in their latest forecast.

RoadOne IntermodaLogistics said a new transload facility that will open in August less than six miles from the Port of Virginia will help meet the growing need for e-commerce fulfillment close to consumers.

Canada’s federal government will partially fund a new container exam station at the Port of Halifax which aims to speed up container flow off its docks.

Combined revenues among the 25 largest US LTL trucking companies jumped more than 20 percent in 2021, and the market conditions that allowed for that record-setting revenue growth remain firmly in place in early 2022.

A digitally oriented forwarder tied to the Bolloré Group has opened a North America office to tap into burgeoning US demand as the race to attract online-oriented shippers gathers steam.

The first-ever China-Europe express ocean service connecting just two ports is a move by Hapag-Lloyd to reduce its exposure to heavily congested North European hubs.

The Alabama Port Authority will receive $38 million in a federal grant that will go toward attracting new warehousing and improving truck access in and around the Port of Mobile.

PIL’s deal for four 14,000-TEU vessels is the carrier’s latest move to rebuild its fleet and network after staving off near-bankruptcy a year ago.

Vessel bunching at Asian and US ports and congestion in the interior US are severely restricting vessel capacity in the eastbound trans-Pacific, pushing service contract rates to record levels with no relief in sight this year.

CMA CGM has followed the industry trend of reporting extreme profitability for 2021, dramatically paring down debt while making several billion-dollar acquisitions.

Russia’s invasion of Ukraine could exacerbate a tonnage shortage in the global MPV/HL sector driven by ongoing container-side congestion and spillover cargo.

Strong demand and port and inland logistics bottlenecks continue to tie up ships on the major trades, while carriers inject capacity to cover the disruption.

Digital forwarder Forto has smashed through the $2 billion valuation barrier with a new round of funding that it will use to grow its presence in Europe and Asia.

Zim Integrated Shipping will offer the first US East Coast expedited vessel service as customers clamor for ways to avoid US West Coast congestion.

Double-digit increases in tonnage and volume at two of the largest less-than-truckload carriers in February reflect strong overall demand from US retail and industrial shippers.

Fifteen of the top 25 US truckload carriers grew their revenue by double-digit percentages in 2021, with their expansion fueled by acquisitions and new services.

Sea Lead Shipping joins other smaller, independent carriers stepping into the Asia-US East Coast trade lanes thanks to strong demand and high rates.

The Port of Charleston is opening Sunday truck gates and adding longer operating hours on other days in an attempt to clear its terminals of import containers and pare down the queue of vessels outside its harbor.

The land bridge rail network between Asia and North Europe, a popular alternative to ocean shipping, is now restricted as carriers suspend bookings to a key rail hub in Belarus.

The Port of Oakland and the Northwest Seaport Alliance have lent support to a Long Beach initiative designed to capture and make available container milestone information.

Speakers at TPM22 and TPM Tech made clear that although US import growth may have peaked last year, the resulting supply chain challenges aren’t letting up, and port congestion and disruption could bleed into 2023.

There will not be enough marine chassis produced to make a dent in the supply shortage until 2023 because of rising volume, longer street dwells, and supply chain slowdowns affecting manufacturers, panelists told TPM22.

The launch of a new Canadian Pacific service between Vancouver and Ashcroft Terminal serving Canadian Tire and agricultural exporters taps inland port potential.

E2open has made its fifth acquisition since 2018 with the addition of parcel fulfillment provider Logistyx as it seeks to ride e-commerce and small shipment growth for its customers.

P&O Maritime Logistics is moving into the container market to provide additional capacity in lower-volume, higher-frequency routes.

The fast-evolving sanctions against Russia have created growing uncertainty in shipping circles, with thousands of inbound containers that can’t be delivered likely to further clog Europe’s already-congested terminals.