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Platts Containers Update
No easy recovery ahead for container shipping
Lars Jensen, CEO & Partner, Vespucci Maritime, and JOC Analyst | Jun 2, 2021, 11:34 AM EDT
The operational challenges for container shipping have now persisted for half a year, and they are seemingly nowhere nearer to getting resolved. If anything, they mainly appear to be getting worse.
Container lines
Union Pacific again raising intermodal surcharges in California
Ari Ashe, Senior Editor | Jun 2, 2021, 12:00 AM EDT
Union Pacific has raised surcharges out of California for a second time in 2021, a sign it is concerned about having enough rail-owned 53-foot containers to supply core contract customers through the upcoming peak season.
North-American rail
Knight-Swift bolts on capacity through UTXL acquisition
William B. Cassidy, Senior Editor | Jun 1, 2021, 3:14 PM EDT
The largest US truckload operator, Knight-Swift, acquired non-asset 3PL UTXL to gain access to additional trucks and drivers, as well as new logistics services.
Truckload
Truck brokers
US railroads tightening free time at inland terminals
Ari Ashe, Senior Editor | Jun 1, 2021, 12:59 PM EDT
BNSF will adjust its free time calculations on June 7, tightening the window for shippers to pick up containers that are made available after 5:00 p.m., just two weeks after Norfolk Southern slashed its free time clock.
Intermodal providers
Indian shippers turn to rail amid truck woes, carrier integrator push
Bency Mathew, Special India Correspondent | Jun 1, 2021, 12:39 PM EDT
New data suggests intermodal rail in India could become an attractive mode of freight transport if supported with needed capacity and competitive pricing.
Rail News
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Visibility provider project44 parlays acquisitions into more funding
Eric Johnson, Senior Technology Editor | Jun 1, 2021, 10:30 AM EDT
project44 has landed a $200 million funding round, mere months after its previous cash injection, as it eyes consolidating the top of the freight visibility market.
Logistics Technology News
Top US Shippers: Production woes, domestic demand dampen US resins exports
Michael Angell, Senior Editor | Jun 1, 2021, 8:00 AM EDT
US resin exports continued to grow strongly in 2020 and shippers say exports could have been even higher if it were not for rising domestic demand and production problems.
Supply chain
Yantian terminal congestion to take at least week to clear
Keith Wallis, Special Correspondent | May 31, 2021, 1:09 PM EDT
After a COVID-19 outbreak, Yantian International Container Terminal on Monday began accepting export cargoes, but shipping executives say the congestion will take at least a week to clear.
International ports
Container lines
Top US Shippers: Thirsty US market keeps alcohol imports flowing
Greg Knowler, Senior Editor Europe | May 31, 2021, 12:00 PM EDT
The demand for US alcoholic beverages grew strongly through the 2020 lockdowns, and that trend is expected to continue through this year as bars and restaurants reopen.
Supply chain
Top US Shippers: Shaky SE Asia mutes scrap demand
Bill Mongelluzzo, Senior Editor | May 31, 2021, 8:00 AM EDT
Exports of recyclables, a key backhaul commodity for container lines, could decline again this year due to global COVID-19 issues, especially in India.
Supply chain
Food shippers can’t satisfy hunger for truck capacity
William B. Cassidy, Senior Editor | May 31, 2021, 12:08 AM EDT
US produce and food shippers are short on trucks as heightened demand for grocery and restaurant food meets shortages of everything from ketchup to truck drivers to pallets.
Truckload
US port congestion, capacity woes force project cargo rerouting
William B. Cassidy, Senior Editor | May 28, 2021, 5:21 PM EDT
As container vessels and freight clog major ports, oversized and overweight project cargo is being rerouted coast to coast, driving up ocean shipping and inland transportation costs.
Project cargo
Heavy-haul transport
Oakland, Seattle-Tacoma act on mounting vessel congestion
Bill Mongelluzzo, Senior Editor | May 28, 2021, 3:48 PM EDT
Oakland and Seattle-Tacoma are scrambling to address mounting congestion problems as carriers add services there to circumvent even worse congestion in Los Angeles-Long Beach.
North American ports
Clean energy shift to drive new project cargo opportunities
Cathy Morrow Roberson, JOC Analyst | May 28, 2021, 11:31 AM EDT
Investments in hydrogen production and storage and other clean energy projects will keep project cargo carriers busy amid the push to decarbonize.
Project cargo
Top US Shippers: Food imports spike on shift to in-home dining, online groceries
Lara L. Sowinski, Cool Cargoes editor | May 28, 2021, 9:35 AM EDT
Food shippers and their logistics providers expect consumers to continue shopping online for groceries and cooking more at home even after COVID-19 vaccinations allow a return to restaurants and other dining venues.
Supply chain
COVID-disrupted cargo flow drives move to reform US shipping law
Mark Szakonyi, Executive Editor | May 28, 2021, 9:20 AM EDT
A move to reform the Shipping Act of 1984 is being driven by a sense among some shippers that conditions, particularly on the trans-Pacific trade, will only get worse in the coming months.
Maritime
Trans-Pac container schedule reliability ticks up in April
Bill Mongelluzzo, Senior Editor | May 27, 2021, 5:23 PM EDT
Improved schedule reliability in the Asia-US trade in April offers encouragement that ports may be on track to clear their container backlogs before the summer-fall peak-shipping season.
Container lines
E2open acquires BluJay Solutions for $1.7 billion
Eric Johnson, Senior Technology Editor | May 27, 2021, 4:26 PM EDT
E2open’s acquisition of BluJay Solutions is its first since going public in February and gives it more TMS firepower, broader sales reach in Asia, and bolsters its ability to upsell to global forwarders.
Logistics Technology News
Carriers skipping second-tier Chinese ports amid congestion, delays
Keith Wallis, Special Correspondent | May 27, 2021, 1:41 PM EDT
Carriers are dropping calls at second-tier Chinese ports as congestion at marine terminals builds and container services suffer delays due to ongoing woes at some clogged US and European ports.
International ports
project44 consolidates ocean visibility space with ClearMetal buy
Eric Johnson, Senior Technology Editor | May 27, 2021, 1:15 PM EDT
project44 has followed its March acquisition of visibility provider Ocean Insights with another deal for competitor ClearMetal, whose customer base is primarily large global manufacturers.
Logistics Technology News
Green energy boom to feed heightened logistics demand
Eric Johnson, Senior Technology Editor | May 27, 2021, 11:53 AM EDT
Demand for commodities that feed the green energy transition is expected to spike this decade, and that will have an impact on project logistics associated with mining and transporting those materials.
Energy projects
Project cargo
Container space premiums come to fore on trans-Atlantic trade
Greg Knowler, Senior Editor Europe | May 27, 2021, 11:52 AM EDT
Elevated rate levels, peak season surcharges, equipment shortages, poor reliability, high demand — the challenges are mounting for shippers on the busy Europe-North America trade lane.
Maritime
Trans-Atlantic
DAT, FourKites ink deal on spot truckload visibility
JOC Staff | May 26, 2021, 5:07 PM EDT
DAT Freight & Analytics said carriers using its load board to find spot market freight will be able to use FourKites’ electronic logging device to provide visibility to shippers.
Logistics Technology News
Trans-Pacific spot rates build ahead of peak season after lull
Bill Mongelluzzo, Senior Editor | May 26, 2021, 3:51 PM EDT
Retailers should expect vessel space in Asia to get even tighter in June as advance bookings show continued strong demand for imports in the US, according to an industry analyst.
Container lines
Tight drayage supply boosts NY-NJ transload demand
Michael Angell, Senior Editor | May 26, 2021, 2:57 PM EDT
The speedy addition of new port transloading capacity in New Jersey shows the heightened demand from shippers to avoid congested rail ramps and tight drayage capacity.
Logistics Technology News
Vanguard turns to WebCargo for instant forwarder quoting
Eric Johnson, Senior Technology Editor | May 26, 2021, 2:26 PM EDT
Vanguard Logistics has begun providing forwarder customers direct access to rates via Freightos’s WebCargo product, a shift designed to expedite the quoting and booking process.
Logistics Technology News
Dallas intermodal ramp flows recover after paralyzing winter storm
Ari Ashe, Senior Editor | May 26, 2021, 1:44 PM EDT
After a rough six-week period following the paralyzing February snowstorm in Texas, intermodal terminals are operating with fewer delays in Dallas-Fort Worth, with chassis available and driver productivity bucking national trends.
North-American rail
Drayage
Choked US air hubs spur cargo shift to secondary gateways
Greg Knowler, Senior Editor Europe | May 26, 2021, 10:30 AM EDT
The US air cargo import supply chain has been unable to handle a huge increase in demand this year, prompting forwarders to seek out alternative entry points to avoid the bottlenecks.
Air Cargo
No break from high truckload spot rates for US shippers
William B. Cassidy, Senior Editor | May 25, 2021, 5:40 PM EDT
US truckload spot rates are hitting new highs in May as continued strong freight demand, coupled with market disruption, pushes up pricing in the South and Southwest,
Truckload
Truck brokers
Top US Shippers: Paper, forest product exporters eye another tough year
Ari Ashe, Senior Editor | May 25, 2021, 4:15 PM EDT
Exports of paper and forest products fell by double-digit percentages in 2020 and volumes could further slide in 2021 because of China’s tougher environmental stances on recovered paper from the US.
Supply chain
Automation revs up ILWU tensions ahead of contract talks
Peter Tirschwell | May 25, 2021, 12:32 PM EDT
Despite contract language allowing automation, the ILWU has increasingly come to see automation as an existential threat and a microcosm of the larger threat of robotics displacing human labor.
Longshore labor
Port of Tampa Bay boosts Costa Rica service frequency
Michael Angell, Senior Editor | May 25, 2021, 12:24 PM EDT
Refrigerated cargo and breakbulk specialty carrier SeacatLine plans to make a bi-weekly service between Costa Rica and Tampa Bay a weekly service with an additional vessel deployment.
North American ports
JOC Top 100 US importer and exporter rankings 2020
JOC Staff | May 25, 2021, 10:59 AM EDT
Walmart remained atop the list of the 100 largest US importers by a wide margin in 2020, while Koch Industries retained the No. 1 export spot.
Container lines
Top US Shipper Infographic: imports/exports, 2020 vs. 2019
JOC Staff | May 24, 2021, 4:32 PM EDT
A review of which goods and commodities saw the sharpest decreases and increases in 2020 speaks to how Americans spent their money while socially distanced and which sectors will continue to see heightened demand heading into the traditional peak season before the winter holidays.
Container lines
CP, CN take KCS merger case to intermodal shippers
Mark Szakonyi, Executive Editor | May 24, 2021, 2:49 PM EDT
Besides allowing a single-network rail service through Canada, Mexico, and the US, KCS merging with either CN or CP would provide new import and exporter options for US Midwest shippers.
Rail News
DOT plans $10.8 million in grants for container-on-barge service
JOC Staff | May 24, 2021, 2:15 PM EDT
The US Department of Transportation is looking to further fund its decade-old bid to bring more container-on-barge services to US waterways with $10 million in new grants available for 2021.
Container lines
Top US Shippers: Household goods, furniture imports still building
William B. Cassidy, Senior Editor | May 24, 2021, 10:41 AM EDT
US consumers haven’t finished remodeling homes yet, and high demand is drawing more imports from China and Southeast Asia.
Supply chain
TMS isn’t dead, but shippers should consider alternatives: consultants
Eric Johnson, Senior Technology Editor | May 24, 2021, 9:46 AM EDT
Transportation management systems are widely used by shippers, but transportation consultants contend that because software architecture has changed, cargo owners may be better off cobbling together independent tools to meet their needs.
Logistics Technology News
US import disruption opens up LTL transload opportunities
William B. Cassidy, Senior Editor | May 21, 2021, 5:35 PM EDT
Less-than-truckload carriers are becoming a transload option for importers forced to choose between speed and cost of delivery amid port congestion and intermodal delays.
LTL
Largest-ever US East Coast ship call highlights growing SE Asia volumes
Michael Angell, Senior Editor | May 21, 2021, 4:19 PM EDT
CMA CGM’s decision to increase container vessel capacity from Southeast Asia stems from the increasing shift in import sourcing away from China and ability of East Coast ports to handle volumes.
North American ports
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