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Asia-US spot rate shows capacity tightening

[caption caption="A 4.2 percent increase in the West Coast spot rate and 1.7 percent hike in the East Coast rate does not appear to portend a late surge in US imports from Asia this month. Photo credit: Shutterstock.com."][/caption]Spot rates increased slightly in the eastbound trans-Pacific after five consecutive weekly declines,...

The freight forwarding revolution is coming

A revolution is brewing in the forwarding landscape that will affect shippers globally. Cargo owners gain lower rates from the buying power of the forwarder with the air, ocean, or land logistics service providers involved in the move. The forwarders are trying to manage, on average, some 25 disparate service...

Asia-Europe capacity cuts slow falling container spot market

[caption caption="Freight rates have slowed their decline, but remain 20 percent lower than at the same point last year. Photo credit: Shiutterstock"][/caption]Mid-month rate increases on Asia-North Europe did not manage to lift prices on the trade, but combined with blank sailings it had the effect of slowing the downward slide...

Chittagong port considers conveyor system to fight congestion

[caption caption="Chittagong port officials say carrying containers via an overhead conveyor system will enhance the port’s handling efficiency by 15 percent. Photo credit: Shutterstock.com."][/caption]The Chittagong Port Authority (CPA) is studying whether to implement an automated overhead conveyor system for short-haul container moves to improve flow and ease truck congestion at...

California ports suffer from higher costs, evolving supply chains: PMSA

[caption caption="Los Angeles-Long Beach container volume increased 11 percent between 2006 and 2018, while volumes at ports on the US East and Gulf coasts and Canadian West Coast jumped 40 to 101 percent. Photo credit: Shutterstock.com."][/caption]California’s ports have lost market share over the past decade due to high costs, regulatory...

CSX, UP push efficiency despite sharp Q3 intermodal declines

[caption caption="CSX CEO Jim Foote said the slowing industrial economy and lower truck prices keep intermodal volumes down and this dynamic should persist through the fourth quarter. Photo credit: Wikicommons."][/caption]CSX Transportation and Union Pacific Railroad struggled with steep declines in intermodal volume in the third quarter, but each company is...

Video: What's driving the move toward decarbonization?

Peter Tirschwell, vice president, Maritime & Trade, IHS Markit discusses the International Maritime Organization's mandates for carbon emission reduction by 2050 and the most likely paths to reaching that goal....

Sponsored: Data enabling is engine for industry evolution, Blume Global's Glenn Jones says

Sponsored: As long as you believe in the data, visibility can enable rapid, dynamic decision making, says JOC LogTech 2019 Panelist Glenn Jones, global vice president of the AI-enabled platform Blume Global. Jones discusses necessary steps needed for the industry to move past a limited understanding of visibility as just...

Terminal operator GCT joins TradeLens

[caption caption="GCT operates three terminals in the Port of New York-New Jersey and one in the Port of Vancouver, adding to TradeLens"][/caption]Global Container Terminals (GCT) has joined the blockchain-based container electronic documentation and visibility platform TradeLens, operated by Maersk and IBM.GCT operates four container terminals in North America, three in...

APM taps shipping, chassis veteran for NY-NJ terminal

 [caption caption="APM Terminals has appointed Jon Poelma, at present president and chief operating officer of Consolidated Chassis Management (CCM), as managing director for its Elizabeth, New Jersey, terminal, which has seen cargo volumes rise significantly in recent months. Photo credit: Shutterstock.com."][/caption]APM Terminals has appointed Jon Poelma, a former Maersk executive...

Ongoing China–US volume decline portends more blank sailings

[caption caption="Imports from all of Asia are up 2 percent January through September over the same period last year, while imports from China are down 5 percent year-to-date. Photo credit: Shutterstock.com."][/caption]US imports from China plunged 9.3 percent in September, falling for the fifth straight month on a year-over-year basis, while...

Introducing El Dorado, a new tech experience at TPM20

[caption caption="Topics to be addressed at El Dorado include logistics process automation, new rate contract models and strategies, the emerging battleground around visibility, the impact of venture capital, data standardization efforts, and the strategies of incumbent players to remain relevant. Photo credit: Shutterstock.com."][/caption]The JOC, part of IHS Markit, will introduce...

MSC says no to Arctic shipping route

[caption caption="The northern lights as seen from Venta Maersk, an ice class vessel that in August 2018 sailed on a trial run from Asia to the Baltic via the Arctic sea route. Photo credit: Maersk."][/caption]Mediterranean Shipping Co. has joined a growing list of major carriers and logistics providers turning their...

VIDEO: Culture, scalability impact tech adoption for breakbulk shippers

Emergence of platforms across modes will help breakbulk market implement new tech. JOC Senior Editor Eric Johnson on challenges, steps forward for project cargo shippers that want to leverage tech for improved visibility, dataJOC Breakbulk & Project Cargo Conference 2019, New Orleans...

Seeing competitive edge, container lines double down on scrubbers

[caption caption="The numbers of scrubber-fitted vessels will continue to increase through 2020. Photo credit: Shutterstock.com."][/caption]Greater-than-expected demand for scrubbers will enable carriers on Asia-Europe to deploy entire strings of vessels fitted with exhaust filters, but any perceived edge over low-sulfur burning peers will depend on the wide price spread being maintained...

J.B. Hunt upbeat on intermodal turnaround

[caption caption="Volume in J.B. Hunt's intermodal division was nearly flat in Q3 while revenue was up 2 percent and operating income climbed 10 percent. Photo credit: Wikicommons."][/caption]J.B. Hunt Transport Services late Tuesday said its intermodal volume in the third quarter was essentially flat year over year, something that would normally...

Altamira growth speeds up despite slowing Mexican economy

[caption caption=" The volume of loaded cargo through the Port of Altamira grew by 5.5 percent in the first eight months of 2019, more than twice the rate through all of Mexico"][/caption]Mexico’s fourth-largest port, Altamira, is reaping mid-single-digit volume growth from its position as a key gateway from the country’s heavily...

US import tariffs can sometimes be avoided, but at a cost

[caption caption="Importers have been re-thinking their product classifications now that the Trump administration is charging duties as high as 25 percent in its trade war with China. Photo credit: Shutterstock.com."][/caption]RANCHO MIRAGE, California — Importers who for years felt comfortable with the Harmonized Tariff System (HTS) product codes under which their goods...

India moves closer to regulatory mechanism for shipping costs

[caption caption="A new policy designed to bring some standardization to logistics costs in India is close to being finalized, sources said. Photo credit: PSA India."][/caption]The Indian government and industry stakeholders are inching toward a final “standard operating procedure” to streamline and regulate logistics costs for exports. It is a significant...

Markets win out over ‘chronic’ truck driver shortage

[caption caption="Truck driver pay rose by almost 10 percent on average in 2018 versus the prior year, according to the National Transportation Institute. Photo credit: Shutterstock.com."][/caption]One of the widely accepted truths in today’s transportation picture is that there is a chronic shortage of long-haul truck drivers. But the accepted truth...