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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.

Amid growth in US infrastructure spending, the heavy-haul transport segment is calling for better synchronization among state transportation departments when it comes to oversized transport requirements and permitting processes.

The market upswing that began in November has continued through February, with the forwarder expecting further growth this year, especially in ocean freight.

The capacity reinstatement is also a boon for Indian shippers facing intermittent void calls and longer transits as they try to maximize exports ahead of the current fiscal year closing on March 31.

Even as the industry seemingly adjusts to the new status quo of routing ships around southern Africa, there are significant — yet less apparent — changes afoot in container shipping, writes Journal of Commerce Executive Editor Mark Szakonyi.

The prospects of trucking goods from the eastern coast of Saudi Arabia to the trade hub of Jeddah on the Rea Sea looks increasingly more favorable amid soaring ocean spot rates and few signs that southern Red Sea security will be restored soon.

Using layers of technology from digital documents to artificial intelligence to tracking devices, shippers can detect and even head off the growing threat of cargo crime, experts say.

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.

PayCargo has taken a majority ownership stake in process automation company Rippey AI to better connect invoicing to payment transactions.

Simpson will become the first woman to take the top job at J.B. Hunt, something many in the industry expected to happen after she was named president 18 months ago.

The multipurpose sector is managing security risk, dodging pricey transit fees at the Panama Canal and finding new cargo sources as route diversions globally become routine.

Carriers are advocating in increasingly vocal and high-profile ways to ensure that an effective price on carbon comes out of IMO deliberations and puts regulatory teeth behind its commitment to eliminate carbon emissions from shipping by or around 2050.

APM Terminals will make more slots available for retrieving import containers at its Port Elizabeth site as truckers say delays in booking appointments are worsening.

The move makes sense, according to a Mumbai-based source, as ONE needs a partner to fill space and Cosco needs a strong service out of India.

A drop in schedule reliability was expected on trade lanes such as Asia-Europe and Asia-US East Coast, but the diversions around southern Africa have also affected routes not directly connected to the Red Sea.

Folk Maritime’s stated goal is to “fill an essential void” in the regional maritime market, with its launch coinciding with heavily disrupted container shipping flows.

As California-based RK Logistics’ high-tech customers move east to new markets, the logistics provider is following by buying New York-based On Time Trucking. 

The Port of Jacksonville said the first ship on the newly combined trans-Atlantic and north-south service from Mediterranean Shipping Co. called the port this month.

The leadership change atop the largest US truckload provider will likely come as a “significant surprise” to the market, according to one industry analyst.

The hub-and-spoke model designed by Maersk and Hapag-Lloyd will depend heavily on the reliability of shuttle and transshipment operations to and from mainline terminals, according to the maritime consultancy.

A faltering German economy, weak consumer demand and geopolitics are having a negative effect on Europe’s largest container gateways. 

Big name visibility providers, including project44 and FourKites, banded together in 2021 to standardize data elements for customers, but the initiative has been shelved due to a lack of progress.

Forwarders believe carriers are now a bit uncertain about their ability to secure enough cargo from shippers for spot bookings given that some exporters are known to have put their orders on hold because of high ocean rates and other challenges.

Both sides say cargo is leaving Montreal due to the inability to reach a new contract deal with the port’s main longshore union.

The US LTL producer price index rose 2.6% in January from December, while the equivalent truckload measure fell 2.6%, underscoring differences between the sectors.

The railroad told shareholders in a lengthy proxy statement that CEO Alan Shaw is on the right path and urged investors to trust in his vision for the company rather than vote to replace him.

The additional operating costs of diverting ships around southern Africa does not justify the scale of the surcharges being levied by ocean carriers, according to the European Shippers’ Council.

Under final guidelines for detention and demurrage billing, only the shipper or consignee can be on the hook for such charges and bills must be sent within 30 days.

The move has already prompted Busan, one of the ports most affected by the downgrade, to urge Maersk and Hapag-Lloyd to rethink their Gemini vessel schedules and restore some calls at the South Korean gateway.

Large terminal operators and container lines have backed an effort to build a common digital platform, which this week lured three global port operators into its network.

The carrier presented a mixed outlook for 2024, expecting sluggish economic growth, rising geopolitical uncertainties and excess capacity to be accompanied by inventory replenishment and consumer spending on goods.

While the two companies have a partnership dating back 35 years, the latest transaction strengthens the relationship between the largest intermodal provider in North America and one of the continent’s top intermodal shippers.

There was unilateral opposition to the call made by the European Commission last May as part of its reform of customs procedures, and as expected, the measure never made it through the parliamentary review

Al Pierce was a shipping veteran who headed up ocean carrier rate-setting conferences and later the so-called “discussion agreements” in the trans-Pacific trade beginning in the late 1980s.

Railroad officials informed Georgia and South Carolina port authorities earlier this week, giving them a one-month notice that service will no longer be offered to Chicago, Cincinnati and Louisville.

The ETS will affect 4,000 Asian-flagged vessels, which equates to one-third of the total 12,500 cargo and passenger ships that are subject to the European Union carbon tax.

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.

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.

Matson said its trans-Pacific volume outlook for 2024 is roughly flat with last year owing to modest growth in its Jones Act business and little impact yet from other supply chain crises.

Along with new funding for the domestic manufacturing of container cranes, the Biden Administration has given the US Coast Guard more power to monitor cyberattacks on port and maritime infrastructure.