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COVID-19 clouds freight rate forecasting, stimulates demand

[caption caption="Demand for rate forecasting is a symptom of a broader desire for forward-looking visibility, something still rare in the supply chain. Photo credit: Shutterstock.com."][/caption]The coronavirus disease 2019 (COVID-19) is bringing new urgency to the development of freight price forecasting tools that can help shippers quickly adapt to fast-changing market...

US truckload shippers must prioritize carrier ties during recession: analysts

[caption caption="Trucking companies are bound to suffer in a US economic recession, so a strategic shipper will find ways to weather the storm together. Photo credit: North Dakota Department of Transportation."][/caption]Trucking companies will have less freight to haul as the pandemic-fueled recession spreads across the United States, but shippers of...

US importers urged to ‘proactively’ challenge demurrage charges

[caption caption="“Even though terminals have reopened their gates, we’re challenged getting appointments,” a Los Angeles-area drayage executive said. Photo credit: Shutterstock.com."][/caption]US importers and drayage operators need to be more proactive documenting what they believe are unfair detention and demurrage (D&D) charges, speakers said Thursday during a JOC.com webcast.At the same...

Maersk speeding, slowing US imports amid COVID-19

[caption caption="The completion of Maersk"][/caption]Through its evolution to become a self-described integrator, Maersk said new capabilities, much of them gained by recent acquisitions, are allowing it to better service US importers amid the coronavirus disease 2019 (COVID-19) by speeding or slowing their container supply chains. This gaining of greater control of...

Hapag-Lloyd to pass on NY-NJ container charge to customers

[caption caption="The Port Authority of New York and New Jersey has changed a controversial cargo facility charge so that it is levied only on containers loaded with cargo, and not empties. Photo credit: Hugh R. Morley."][/caption]Hapag-Lloyd this month will begin passing on to customers a charge levied by the Port...

JOC Rankings: Top 3PLs' revenue growth slowed before coronavirus

[caption caption="Combined revenue growth for the Top 50 Global Logistics Providers slowed from 14 percent in 2018 to just 2.1 percent in 2019. Photo credit: Shutterstock.com."][/caption]Reflecting the gradual slowdown in the global economy, revenue growth among the world’s 50 largest global logistics providers decelerated considerably during 2019 compared with the...

ONE targets global electronic bill of lading capability by mid-year

[caption caption="A lack of standardization in bill of lading formats has created a situation where shippers have to adapt to differences between documents between each container line they work with. Photo credit: Shutterstock.com."][/caption]In the latest example of container lines endeavoring to digitize critical ocean freight documents, Ocean Network Express (ONE)...

2M latest shipping alliance slashing trans-Pacific capacity

[caption caption="The 2M Alliance will suspend the weekly Asia-US West Coast TP 8/Orient service and the South Asia-US East Coast TP 11/Elephant loop starting April 20. Photo credit: Arnoud Lievense/Shutterstock.com."][/caption]The 2M Alliance of Maersk Line and Mediterranean Shipping Co. will suspend for the entire second quarter one weekly service from...

Word of the year: Supply chain

Every year, Oxford University Press, the publisher of the Oxford English Dictionary, announces its UK and US words of the year (WOTY). Sometimes (such as last year) the word is the same: climate emergency. Sometimes the word differs.  And sometimes, (2015) it is not a word at all: it is an...

Chittagong importers urge fee waivers amid COVID-19 shutdown

[caption caption="The Chittagong Port Authority is urging importers to take delivery of containers by any means in order to maintain some flow in the port yard. Photo credit: Shutterstock.com."][/caption]Bangladeshi shippers are seeking relief from demurrage and other charges in Chittagong as containers pile up in the port amid a country-wide...

US port congestion threat demands united industry response

[caption caption="Keeping the containerized supply chain flowing amid this environment of hyperchange, reflected by stop-and-go and then stop again US import flows, will take industry cooperation. Photo credit: Shutterstock.com."][/caption]With container lines, ports, and forwarders warning of US port congestion from imports piling up at marine terminals in the coming weeks,...

Truckers tighten belts as shutdowns spread

[caption caption="Trucking companies increasingly worry about cash reserves and liquidity. Photo credit: Shutterstock.com."][/caption]US trucking companies are bracing for a slowdown even as insatiable demand for essential goods elevates freight volumes. They’re expecting the surging demand for toilet paper, food, and household goods buoying them now will eventually ebb, although it’s...

Demurrage fears rise as China boxes arrive in locked-down regions

[caption caption="A wave of containers are about to hit terminals in Europe and the US at a time when all retail stores are closed and there is very little consumer demand. Shippers and forwarders are hoping for relief from carriers and terminals to mitigate any increase in storage costs. Photo...

Embracing Data Driven Decisions

The digital evolution has created a dramatic surge in the quantity of business data, providing tremendous opportunities to gain valuable insight into processes that can improve organizational efficiency and performance. However, much of this data resides in silos, limiting the ability to readily access this information and achieve a holistic view...

Shipping executive Jim Amoss dies; led effort to reopen US-China trade

W.J. (Jim) Amoss, who led the drive to reopen the US-China shipping trade when he was president of Lykes Bros. Steamship Co., died Monday at his New Orleans home due to complications related to coronavirus disease 2019 (COVID-19), according to local news website nola.com. He was 95.During a 46-year career...

Alameda Corridor to make 2020 debt payments despite downgrade: interim CEO

[caption caption="Fitch Ratings sees overall cargo volume declines of 20 to 30 percent in the first half of the year for North American ports. Photo credit: Shutterstock.com."][/caption]The Alameda Corridor Transportation Authority (ACTA) expects to meet its April 1 and Oct. 1 debt payment obligations despite being downgraded from stable to...

Savannah extends truck closures to all Saturdays in April

[caption caption="The Garden City Terminal in Savannah will be closed to truck traffic for the next four Saturdays because many retailers and factories are closed to slow the spread of coronavirus. Photo credit: Ari Ashe/JOC.com."][/caption]The Port of Savannah will close to drivers on all Saturdays this month due to disruptions...

Review clears way for major Vancouver terminal as competing plan persists

[caption caption="When exactly the capacity crunch hits Vancouver depends on cargo volume growth in the coming years and whether medium-sized expansion projects on the Canadian West Coast keep to their timelines. Photo credit: Shutterstock.com."][/caption]The Canadian government’s release of an environmental review of a proposed new marine container terminal in Vancouver...

Heavy transport sector moves big cargo despite market turmoil

[caption caption="While the oil price crash is freezing the spot market for heavy-lift semi-submersibles, Cosco Shipping Heavy Transport continues to transport infrastructure cargo such as this bridge section bound for Stockholm, Sweden. Photo credit: Cosco Shipping Heavy Transport."][/caption]Leading Chinese heavy lift operator Cosco Shipping Heavy Transport has seen the spot...

Mexico’s Pacific ports brace for deeper volume declines

[caption caption="Import cargo volumes through ports on Mexico"][/caption]Import volumes through Mexico’s Pacific Coast ports fell 15 to 25 percent in March from the year-earlier period amid the slowdown in Chinese production, and a weak Mexican peso and auto plant closures could delay or weaken any rebound, logistics executives say.Although Chinese...