<div class="phx-topic abstract-wrapper"><p>The restructuring injects new capital into the Ohio-based company just as the prolonged freight recession is ending and pricing power has swung back toward carriers.</p></div>

The restructuring injects new capital into the Ohio-based company just as the prolonged freight recession is ending and pricing power has swung back toward carriers.

Feature image

Rail News

North-American rail

Intermodal providers

Surface

Intermodal provider STG officially emerges from bankruptcy

<div class="phx-topic abstract-wrapper"><p>But as the US-Iran ceasefire collapses, ocean carriers are on alert for any hostile response from the Tehran-backed Houthi militants in Yemen.</p></div>

But as the US-Iran ceasefire collapses, ocean carriers are on alert for any hostile response from the Tehran-backed Houthi militants in Yemen.

Container lines

Container Shipping News

Maritime

Second Maersk service to transit Red Sea as Middle East war resumes

<div class="phx-topic abstract-wrapper"><p>As it becomes a standalone company, the largest US LTL provider seeks to leapfrog legacy technologies that are focused more on packages and parcels. </p></div>

As it becomes a standalone company, the largest US LTL provider seeks to leapfrog legacy technologies that are focused more on packages and parcels.

Trucking News

Tech buildout will be key to growth at FedEx Freight: CEO Smith

<div class="phx-topic abstract-wrapper"><p>A roundtable discussion of industry experts hosted by the <i>Journal of Commerce</i> saw agreement that demand fundamentals remain strong, but beneath the positive outlook lies growing concerns.</p></div>

A roundtable discussion of industry experts hosted by the Journal of Commerce saw agreement that demand fundamentals remain strong, but beneath the positive outlook lies growing concerns.

Breakbulk carriers

Heavy-haul transport

Project cargo

Breakbulk News

Project cargo sector battles delays, tight capacity, talent shortages

<div class="phx-topic abstract-wrapper"><p>Sources in India told the <i>Journal of Commerce</i> ONE has agreed to charter about 500 TEUs of slot space per week on Hapag-operated ships working the trade lane.</p></div>

Sources in India told the Journal of Commerce ONE has agreed to charter about 500 TEUs of slot space per week on Hapag-operated ships working the trade lane.

Port News

Asia-Europe

North American ports

International ports

ONE ends India-USEC ‘WIN’ service, forms slot deal with Hapag-Lloyd

<div class="phx-topic abstract-wrapper"><p>The $6 million influx into UK-based artificial intelligence technology provider Nexcade comes as the cost of building AI tools is likely to rise in the coming years.</p></div>

The $6 million influx into UK-based artificial intelligence technology provider Nexcade comes as the cost of building AI tools is likely to rise in the coming years.

Logistics Technology News

Forwarding

Supply chain

Forwarding AI vendor lands funding to automate shipment coordination

<div class="phx-topic abstract-wrapper"><p>The next phase of intermodal growth will depend on whether the industry can move freight efficiently, securely, and with the reliability customers expect.</p></div>

The next phase of intermodal growth will depend on whether the industry can move freight efficiently, securely, and with the reliability customers expect.

More volume won’t sustain intermodal growth — readiness will

<div class="phx-topic abstract-wrapper"><p>In order to consolidate and enhance its position in the EU, China is pursuing control of the shipping routes and ports of call by which China-origin goods are transported to land-based EU destinations.</p></div>

In order to consolidate and enhance its position in the EU, China is pursuing control of the shipping routes and ports of call by which China-origin goods are transported to land-based EU destinations.

Marine terminals

European Union fails to check China’s maritime ambitions

NY-NJ

{name} 
{dateX.formatDate('MMM, yyyy')}: ${valueY.formatNumber('#.##')}
 Weekly % change: {change_last_month_brooklyn.formatNumber('#.##%')}

Virgina

{name} 
{dateX.formatDate('MMM, yyyy')}: ${valueY.formatNumber('#.##')}
 Weekly % change: {change_last_month_norfolk.formatNumber('#.##%')}

Houston

{name} 
{dateX.formatDate('MMM, yyyy')}: ${valueY.formatNumber('#.##')}
 Weekly % change: {change_last_month_houston.formatNumber('#.##%')}

Savannah

{name} 
{dateX.formatDate('MMM, yyyy')}: ${valueY.formatNumber('#.##')} 
 Weekly % change: {change_last_month_savannah.formatNumber('#.##%')}

The *Journal of Commerce* calculates outbound port rates using data from Cargo Chief, DAT Freight & Analytics, digital freight broker Loadsmart, and an anonymous survey of truckload brokers. Outbound port rates cover Los Angeles-Long Beach, Oakland, and Seattle on the West Coast, and Houston, New York-New Jersey, Virginia, and Savannah on the Gulf and East coasts.

US East and Gulf Coast ports inbound dry-van truckload spot rates (JOC)

Inbound spot dry van trucking rates from US East, Gulf Coast ports Gateway

<div class="phx-topic abstract-wrapper"><p>There’s little to no sign truckload rate hikes are slowing post-July 4, as tight capacity keeps pricing elevated headed into what’s typically a slower season. </p></div>

There’s little to no sign truckload rate hikes are slowing post-July 4, as tight capacity keeps pricing elevated headed into what’s typically a slower season.

Truckload

US truckload spot rates surpass COVID-19 highs under supply pressure

<div class="phx-topic abstract-wrapper"><p>The carrier called the move ‘a structural change’ but said contingency plans included a return to Africa transits should the security situation deteriorate.</p></div>

The carrier called the move ‘a structural change’ but said contingency plans included a return to Africa transits should the security situation deteriorate.

Gemini begins 'gradual return' to Suez-Red Sea transits 

<div class="phx-topic abstract-wrapper"><p>With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices. </p></div>

With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices.

Trans-Pacific

Latest spike in spot rates could be last hurrah for trans-Pacific carriers

Use code GTT26W at checkout and save $900 on first year of an annual Gold subscription!

Upgrade Subscription - Gold Trials

Become a Gold Subscriber and Save!

Arm your team with the most trusted information portal for the international container shipping industry.

Group Subscriptions - Wide Box

Get into a group subscription today

Use code SFTW30 at checkout to save 30% on a Silver or Silver Plus annual subscription! 

Subscribe Now - FT to S/SP - Wide Box

SUMMER SAVINGS

Use code SGW595 and upgrade to Gold for just $595! Valid for first year of subscription.

Upgrade Subscription - S/SP to Gold - Wide Box

Use code SW30 at checkout and save 30% on a Silver or Silver Plus annual subscription!

Subscribe Now - Anonymous to S/SP - Wide Box

Access Journal of Commerce content for 30 days

Free Trial - Wide Box

START A FREE TRIAL TODAY

Use code SFTGW895 at checkout to save $600 on first year of a Gold subscription!

Subscribe Now - FT to Gold - Wide Box

Use code SGW895 at checkout and save $600 on a Gold annual subscription!

Subscribe Now - Anonymous to Gold - Wide Box

SUMMER SAVINGS: Use code SFTW30 to save 30% on first year of a Silver or Silver Plus annual subscription!


Subscribe Now - FT to S/SP - Offer Box

Subscribe and Save

GET INTO A GROUP SUBSCRIPTION: Arm your team with unlimited Journal of Commerce content

Group Subscriptions - Offer Box

Group Subscriptions

SUMMER SAVINGS: Use code SW30 at checkout and save 30% on a Silver or Silver Plus annual subscription!

Subscribe Now - Anonymous to S/SP - Offer Box

SUBSCRIBE TODAY

UPGRADE TO GOLD AND SAVE: Use code GTT26W at checkout and save $900 on first year of a Gold subscription!

Upgrade Subscription

SUMMER SAVINGS: Use code SGW895 at checkout and save $600 on a Gold annual subscription!

Subscribe Now - Anonymous to Gold - Offer Box

SUMMER SAVINGS: Use code SGW595 and upgrade to Gold for just $595! Valid on first year of subscription.

Upgrade Subscription - S/SP to Gold - Offer Box

SUMMER SAVINGS: Use code SFTGW895 and save $600 on the first year of a Gold subscription!

Subscribe Now - FT to Gold - Offer Box

SUBSCRIBE AND SAVE

A must-attend conference for shippers & logistics providers moving goods inland

Inland Conference - Rectangle Box

Attend Inland26

Monthly publication providing an editorial deep dive into global supply chain news

Journal of Commerce Magazine - Rectangle Box

Journal of Commerce Magazine

A premium access index of savings using domestic intermodal vs. OTR 

ISI Report - Rectangle Box

Intermodal Savings Index

An in-depth analysis of transport trends in the multipurpose and heavy-lift fleet segment

Breakbulk Report - Rectangle Box

Breakbulk Quarterly

An extensive dashboard of charts organized by trade lane, mode, and topic

Gateway - Rectangle Box

Gateway

Customers scoring their intermodal partners to identify the best service providers

Intermodal Service Scorecard - Rectangle Box

Intermodal Service Scorecard

A premium access outlook critical to shippers and transportation providers

QI Report - Rectangle Box

Quarterly Intelligence

<div class="phx-topic abstract-wrapper"><p>With a recent investment commitment from current majority owner China Merchants Port Holdings, Hambantota’s annual box-handling capacity is expected to double to 2 million TEUs by the end of the year.</p></div>

With a recent investment commitment from current majority owner China Merchants Port Holdings, Hambantota’s annual box-handling capacity is expected to double to 2 million TEUs by the end of the year.

MSC in talks to buy into Sri Lanka’s Hambantota amid port deal spree: sources

<div class="phx-topic abstract-wrapper"><p>The delays in Asia helped propel global port congestion to a four-year high, with almost 11% of the container fleet waiting at anchorage as of June 28, according to Linerlytica. </p></div>

The delays in Asia helped propel global port congestion to a four-year high, with almost 11% of the container fleet waiting at anchorage as of June 28, according to Linerlytica.

Asia port congestion worsens amid bad weather, vessel bunching

<div class="phx-topic abstract-wrapper"><p>The carrier announced a month ago it was pulling its Indus Express loop, but new demand and sharply higher rates have caused a change of heart.</p></div>

The carrier announced a month ago it was pulling its Indus Express loop, but new demand and sharply higher rates have caused a change of heart.

Intermodal provider STG officially emerges from bankruptcy

Featured Gateway Chart

Essential Reads

US truckload spot rates surpass COVID-19 highs under supply pressure

Gemini begins 'gradual return' to Suez-Red Sea transits

Latest spike in spot rates could be last hurrah for trans-Pacific carriers

Recent Commentary

More volume won’t sustain intermodal growth — readiness will

European Union fails to check China’s maritime ambitions

Top 5 Most Read Stories