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CMA CGM is moving beyond funding and supporting startups with a hefty investment into a non-profit lab designed to improve data models that feed into artificial intelligence products.

Still, the latest Indian trade data presents some hopeful signs for supply chain stakeholders, as the country's merchandise exports grew 6.3% by value year over year in October, the fastest rate of expansion in a year.

Carriers, shippers and logistics executives may have to get accustomed to drought-related restrictions along the critically important waterway, with costly water-saving infrastructure improvements years away.

Although small trucking firms are folding, there is still a large supply of carriers and trucks keeping a lid on pricing amid soft demand. 

While long-term optimism supports the MPV market, industry analysts see short-term divergence in time charter rate averages.

Shippers saved nearly 26% using domestic intermodal instead of highway options in the third quarter, approximately in line with long-term averages.

While October is typically one of the busiest months of the year for West Coast ports, the region’s market share of imports from Asia slipped markedly from September, but carrier executives said that was an anomaly linked to capacity cuts in the eastbound trans-Pacific.

The aim of the venture is to broaden the scope of the companies’ current operations, both geographically and in vessel size.

The carrier is expecting next year to be dominated by significant overcapacity and weak demand, and with its balance sheet awash with expensive time charter capacity, it decided to factor in expected losses early.

The bill is a response to growing CBP demands that ports pay for new inspection-related equipment, or risk having the agency reduce the amount of time its officers spend performing inspections.

There was significant improvement in Hamburg’s operational indicators through the third quarter, especially those covering trade with China, its biggest source of imports.

Carriers are reporting some successes in convincing shippers to use their emissions-reduction services, but acceptance of premium — and costly — green products remains a hard sell in a market where rate levels are at record lows.

The long-standing spread, typically about $1,000, is now half that as volume growth returns to West Coast ports and shippers increasingly tap into Southeast Asia manufacturing.

GPA's ability to handle growing volumes has attracted the likes of Rivian and Hyundai, both planting roots in Georgia to export vehicles from new facilities through Brunswick.

The phased reduction in the number of transits coincides with peak banana exports from Ecuador and the start of the deciduous fruit season in the southern hemisphere.

The International Maritime Organization voted in May 2022 to implement the so-called Maritime Single Window from the start of 2024 in a bid to accelerate digitalization in shipping.

The largest US domestic intermodal provider will no longer partner with CPKC on cross-border loads destined for the Midwest and West Coast, in the latest shifting of alliances on new services between Mexico and the US.

The expedited less-than-truckload provider has asked a Delaware court to let it kill the controversial deal that has caused its share price to plummet and raised the ire of activist investors.

Yang Ming said the imbalance between vessel supply and cargo demand, high inflation and geopolitical risks will be among the factors pressuring the ocean market into 2024.

The direct service that kicks off at the end of the month will add further options to transport apparel, textiles, poultry, pork and agricultural products between Central America and the US East Coast.

The incident comes as dockworkers announced a further series of strikes this week at DP World's four Australian terminals in an ongoing row over new rostering arrangements.

The move holds considerable significance as it comes amid accelerated efforts by India and the US to boost bilateral ties at multiple levels.

The carrier remains profitable, but rate levels maintained their downward trend as the global economic slowdown continued to weigh on the container shipping industry.

The need for greater supply chain stability, not just control over on-time service, is driving growth in the number of private fleets run by shippers even in a time of cheap truck rates.

The intermodal routing option from Canada to the Midwest began to fall out of favor beginning in 2021 and accelerated in late 2022 when ISO containers moving in the lane fell below levels last seen six years ago.

Despite public commitments by some 4,000 companies globally to reduce Scope 3 emissions, ocean shippers have thus far been unwilling to pay higher-than-market freight rates to achieve those goals.

The South Korean carrier ‘s financial results followed the industry’s downward trend and although HMM remains profitable, it is not far above the loss-making line.

DP World Australia plans to hike terminal access charges by up to 50% at its four terminals in the country from Jan. 1.

Jack Cooper Transport wants to outbid other truckers for the assets of the bankrupt less-than-truckload provider, but it’s not clear how the bid would work.

An explosion in the use of the so-called de minimis provision, which enables US consignees to bring in a package under $800 in value each day, has US customs regulators worried about the intrusion of illicit goods, such as fentanyl.

Alongside broader talks on wages for its members, the International Longshoremen’s Association said individual ports need to use more union supervisors and foremen, particularly throughout the South.

The new north-south service will begin next week with trial runs transporting perishable goods out of Latin America to Chicago.

Carriers and shippers, however, believe there is little room left to fall for spot rates that are already below pre-pandemic levels.

The carrier has followed its peers with a sharp decline in earnings, and although still highly profitable, its CEO warned that rates on the east-west trade lanes are at unsustainable levels.

The cracks in the gateway’s attractiveness to importers and exporters out of the US Midwest were showing before this July’s work stoppage and the decline in import demand across North America.

An uptick in the West Coast share of Asian imports has already translated into heightened demand for surface transportation.

The ILA president says further progress on a new master contract, as well as port-specific local deals, can’t happen until the two sides agree on coastwide pay hikes.

US e-commerce imports are filling much of the available air cargo capacity out of China, spurring the ocean carrier to bring back an expedited service it was forced to mothball eight months ago.

Commodity prices continue to rise, leading to further investments in mining, agriculture and oil and gas projects, all of which is good news for breakbulk and project shippers and their service providers.

The premium service run by the long-time partners aims to capture so-called just-in-time cargo that has historically been shipped via truck.