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Hurricane Michael flattens US spot truck rates, but rebound expected

Above: Trucks travel on a US highway. Photo credit: Shutterstock.com. The supply chain cost of Hurricane Michael is still being tallied, but, like the storm itself, appears bigger than expected. The second major hurricane to hit the US Southeast in less than a month depressed spot market truckload volumes not just...

Agreement cements future of NY-NJ’s Red Hook terminal till 2021

The 80-acre Red Hook terminal (above), with a 5,500-foot berth and depth of 42 feet, has for a while been the subject of speculation about its future and whether the space could be better used for residential development. Photo credit: Shutterstock.com. The operator of Red Hook Container Terminal, the Port of...

Infographic: A chaotic trans-Pacific peak season

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Can smart contracts reduce the cost, inefficiency of demurrage claims?

Demurrage has always been a source of disputes and costs to shippers, yet the increasing focus on bottlenecks and efficiency in the supply chain has brought the issue to a head. (See the recent article at JOC.com: Forwarders: Unreasonable demurrage-detention on the rise). The underlying challenge is one of misaligned incentives....

Canada's ELD rule to tighten truck capacity next year

  With Canada’s own ELD mandate set to take effect as soon as later this year, Canadian Pacific, the second-largest Canadian railroad, expects trucking pressure to build through 2019 and into 2020. (Above: Trucks travel on a highway near Toronto, Canada.) Photo credit: Shutterstock.com. Canadian Pacific Railway said it expects new regulation, much...

Samskip launches Amsterdam-Italy rail service

  The new Amsterdam link will provide greater service resilience for the Netherlands-Italy rail option, as the connections to the two Dutch ports will run on different routes, enabling a flexible response to any rail-related or port-related delays, according to Samskip UK trade manager David Besseling. Photo credit: Samskip. Samskip, a leading...

Amid breakbulk recovery, low-sulfur concerns rise

The looming IMO regulation, which reduces maximum sulfur emissions from 3.5 percent to 0.5 percent across most of the world's shipping lanes, “is arguably one of the industry’s most defining moments since the shift away from coal,” according to US energy giant ExxonMobil. Photo credit: Shutterstock.com. Even as breakbulk shipowners and...

Asian carriers ready capacity for tariff-driven US import surge

Andrew Herdman, director general of the Association of Asia Pacific Airlines, said the peak air cargo shipping season, currently under way, was not yet showing a shortage of capacity. Photo credit: Shutterstock.com. JEJU, South Korea — Asian airlines have moved to allay shipper fears of chronic space constraints this peak season...

Low-sulfur clock ticking for heavy-lift carriers

If the costs of noncompliance are not onerous, or if the cost savings are material, some shipowners and operators will surely take that path. (Above: A heavy-lift cargo ship transports an oil rig.) Photo credit: Shutterstock.com. Many, but not all, multipurpose and heavy-lift carriers (MPV/HL) have committed to International Maritime Organization...

Projects boost truck fluidity at NY-NJ port but more needed

The road projects, and others that indirectly support the movement of freight by truck, help prop up an aging road system that frequently slows under congestion and long traffic lines, straining — similar to other urban ports around the nation — to keep trucks moving in a densely populated part...

The factors behind North America’s intermodal acceleration

The growth in intermodal volumes that capped off 2017 has continued in 2018. With strong consumer spending and export activity on the one hand, and a tight truck market on the other, the industry posted a 7.2 percent gain in the first quarter of 2018. This was the best in...

Europe rail projects, road tolls come online amid truck scarcity

The potential of Europe's rail sector was underscored by the 1.53 billion euro ($1.77 billion) bid by US investment bank Morgan Stanley’s infrastructure unit, Warwick Holdings, for VTG, which Europe’s leading railcar leasing and rail logistics company has rejected. (Above: A rail yard in France.) Photo credit: Shutterstock.com. LONDON — The...

PSA JNPT terminal targets transshipment with new call

  Bharat Mumbai Container Terminals (above) has added a fortnightly coastal service from domestic shortsea ship operator Shreyas Shipping and Logistics. Photo credit: PSA India. PSA International’s new Bharat Mumbai Container Terminals (BMCT) is increasing its pro-trade efforts to generate more volume, as competition among terminals at Jawaharlal Nehru Port Trust (JNPT) — India’s...

US tariffs to hit trans-Pacific imports hardest in 2020

"I’m not optimistic we are going to see a grand bargain with all the tariffs coming off,” Lance Noble, senior analyst at Gavekal Dragonomics, said at the TPM Asia Conference on Oct. 10. (Above: The Port of Oakland.) Photo credit: Shutterstock.com. The last-minute rush of US imports from China ahead of...

New Chennai rail link to ease congestion, support growth

At Chennai Port, PSA International’s Chennai International Terminals has teamed up with state-owned intermodal logistics provider Container Corporation of India to reintroduce a shuttle train (above) service to Tondiarpet, an inland container depot on the outskirts of Chennai. Photo credit: PSA India. Authorities at Chennai Port — India’s largest east coast container gateway — have...

More blank sailings spell volatility for trans-Pacific

[caption]arriers’ newfound ability to balance supply and demand on relatively short notice could keep spot rates at five-year highs through December. Photo credit: Shutterstock.com.[/caption]Trans-Pacific carriers’ accelerated use of blank, or canceled, sailings sends a warning to shippers of increased volatility amid spot rates holding at five-year highs, but a steep...

Maersk's integrator strategy takes shape in Bangladesh

  “We focus now on offering simple, end-to-end logistics solutions to local customers, which enable them to reach new markets and focus on their product's development,” Maersk’s regional communications manager Ridhi Kaushal said. Photo credit: Shutterstock.com. Maersk Line, the world’s largest container shipping company, will start an end-to-end logistics solutions service in...

CSX intermodal service metrics follow profits in upswing

CSX has plenty to celebrate this year for both shippers and investors. Photo credit: Shutterstock.com. CSX Transportation (CSX) reported a strong third quarter for investors and shippers based on earnings and service metrics that track volume, speed, and dwells. While shippers often bemoan how much Class I railroads fixate on operating ratios,...

project44 and GateHouse tie up for trans-Atlantic truck tracking

GateHouse, founded in 1992, describes itself as a “neutral and hardware-agnostic data sharing service” that plugs into telematics devices on trucks throughout Europe. Photo credit: Shutterstock.com. Tracking of over-the-road freight for shippers tends to be handled in an isolated geographic manner, largely owing to the constraints of managing telematics and other...

CMA CGM cements its CEVA position

  CMA CGM’s investment in CEVA is consistent with a customer-centric vision announced in March to move away from commodity container shipping and increasingly tailor end-to-end logistics solutions for customers. Photo credit: Shutterstock.com. CMA CGM has moved a step closer towards full ownership of CEVA Logistics after increasing its stake to 33...