News - Industry News
US trucking market flashes a turn signal
[caption caption="Pricing power could swing back to truckers next year, if the US economy continues to grow. Photo credit: Shutterstock.com."][/caption]There’s a change in the air at truck stops and freight docks across the United States, and not just the arrival of fall breezes. After months of decline, spot truck rates...
Data sharing will cut demurrage: West Coast ports
[caption caption="Terminal congestion, detention, and demurrage were the most common problems cited by participants at the annual Western Cargo Conference. Photo credit: Shutterstock.com."][/caption]RANCHO MIRAGE, California — West Coast port executives over the weekend assured skeptical customs brokers that efforts to promote the sharing of data on cargo availability and truck turn...
Virginia moves to become deepest US East Coast port
[caption caption="Dredging on the western part of the Thimble Shoal Channel will begin in January 2020, one of the first steps in a larger project to deepen the Elizabeth River into Virginia's main container terminals. Photo credit: Port of Virginia."][/caption]Dredging will begin in January in Norfolk as part of a...
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Locking in Contract Rates for 2020: How Up-and-Coming Brokers are Using RFP Collaboration Software to Accelerate RFP Responses and Win More Lanes
The last two years show how quickly the freight market can swing back and forth...from contracted rates through RFPs to spot market.In 2020, will capacity suddenly tighten when more carriers go out of business?Up-and-coming Freight Brokers are turning to a new generation of RFP Collaboration Software to lock in contracted...
Port Performance North America 2019
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Ocean reliability needs to extend to inland destinations: Electrolux
[caption]Bjorn Vang Jensen, vice president of global logistics at home appliance maker Electrolux, says delivery reliability is more important than schedule reliability. Photo credit: IHS Markit.[/caption]SHENZHEN, China — On-time delivery at inland destinations is more important for shippers than port-to-port reliability, with huge costs attached to the late arrival of...
Blank sailings mount on slumping Asia-Europe trade
[caption caption="More than two dozen sailings will be canceled on Asia-Europe in the next three months. Photo credit: Shutterstock.com."][/caption]Carriers on the Asia-Europe trade will blank at least 24 sailings over the next three months in an attempt to slow a decline in rates that have reached lows not seen in...
Truck market could flip quickly in 2020: Coyote Logistics
[caption caption="Next year is shaping up to look a lot like 2017, with spot and contract rates rising, Coyote Logistics says. Photo credit: Shutterstock.com."][/caption]With dry van spot rates more than 10 percent below year-ago prices and truckload contract rates going negative year over year, US truckload shippers might be excused...
Container lines report minor disruption after Japanese typhoon
[caption caption="Japan’s main ports, including Tokyo (above), resumed operations quickly after Typhoon Hagibis passed through the region. Photo credit: Shutterstock.com."][/caption]Ocean carriers including Maersk and Hapag Lloyd are working to restore schedules on Japanese services amid minor disruptions caused by Typhoon Hagibis, which struck the Tokyo region over the weekend.Ocean Network...
Trans-Pacific carriers blank dozens of sailings as peak ebbs
[caption caption="Trans-Pacific carriers have been unable to stop the decline in freight rates in what should be the busiest time of the year. Photo credit: Shutterstock.com."][/caption]Container lines are blanking at least 37 eastbound trans-Pacific sailings this month and next and canceling a weekly service to the US East Coast as...
Monterrey inland port bucks slowing auto production
[caption caption="The Interpuerto Monterrey inland port says its strong transportation links make it attractive to manufacturers and distributors. Photo credit: Shutterstock.com."][/caption]Mexico’s inland port of Monterrey is preparing for the arrival of an auto parts maker and two other manufacturers, and in the past 10 months has attracted a new daily...
Four Signs You Need Global Transportation Management Software
Conventional transportation management software (TMS) has been on the market for decades, focused primarily on outbound truck shipments. The rise of the globalized supply chain has created a more complex transportation environment. Companies must still focus on cost containment, but over many modes, across-borders, and through a mix of service...
Cosco’s Bangladesh agent has license restored
[caption caption="Cosco accounts for nearly 6 percent of the containers handled by Bangladesh’s Chittagong port. Photo credit: Shutterstock.com."][/caption]The local customs agent that handles Cosco Shipping’s business in Bangladesh has had its license reinstated for the next three months, bringing relief to shippers who feared the loss of the carrier’s export...
US-China still far from comprehensive trade deal: speaker
[caption caption="The partial trade agreement between the US and China has eased tensions, at least for now, according to the executive vice president of the US-China Business Council. Photo credit: Shutterstock.com."][/caption]RANCHO MIRAGE, California — The “phase one” trade agreement worked out between United States and Chinese negotiators at the end of...
Asia-Europe rate hits new low despite capacity cuts
[caption caption="Carriers are struggling to raise spot rates on Asia-North Europe, despite sailing cuts being made on the trade. Photo credit: Shutterstock.com."][/caption]Carriers preparing for a sharp increase in costs as they switch to low-sulfur fuel over the next two months appear to be falling back into their old predatory pricing...
DP World joins Indian logistics tech startup race
[caption caption="The CEO of DP World Subcontinent said the goal of a new collaborative tech development effort is to reduce logistics costs in India, thereby making domestic goods more competitive globally. Photo credit: Shutterstock.com."][/caption]Mirroring a “Silicon Valley” investment ecosystem, India’s logistics technology startups appear to have become a darling of...
E-commerce helps boost small warehouse demand, rents
[caption caption="Demand for smaller warehouses and a lack of construction of smaller industrial space has made it tough for e-commerce and logistics companies to find it. Photo credit: Shutterstock.com."][/caption]Fierce demand for warehouses smaller than 120,000 square feet has helped push up rental rates by twice as much than larger warehouse...
US-China reach ‘substantial’ first phase of trade deal
[caption caption="The US has dropped plans to raise tariffs to 30 percent on $250 billion worth of Chinese goods now subject to a 25 percent levy. Photo credit: Shutterstock.com."][/caption]The United States and China have reached the first phase of a trade deal that could signal the end of a tariff...
Trade compliance automation behind Amazon's recent acquisition
[caption caption="Amazon's purchase in late September of a digital customs broker could be seen as the start of a new era of how shippers, large and small, handle customs entry filing. Photo credit: Shutterstock.com."][/caption]There’s a cliché in tech circles that every startup is ultimately angling to be acquired by Amazon....