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SF Holdings extends trans-Pacific reach with Kerry Logistics stake
Cathy Morrow Roberson, Senior Contributor | Feb 10, 2021, 4:58 PM EST
SF Holdings’ acquisition of Hong Kong-based forwarder Kerry Logistics is a move by SF to expand its international presence.
Supply chain
China port congestion flares amid pre-CNY rush
Keith Wallis, Special Correspondent | Feb 10, 2021, 3:03 PM EST
Logistics executives said Shenzhen, Ningbo, Shanghai, and Dalian are among the worst affected, although delays are occurring at all major Chinese ports ahead of the new year holiday that starts Friday.
International ports
Trans-Pacific carriers adding PNW, Oakland capacity for LA–LB diversions
Bill Mongelluzzo, Senior Editor | Feb 10, 2021, 2:20 PM EST
Trans-Pacific carriers seeking relief from congestion in Southern California are approaching Oakland and Seattle-Tacoma as alternatives for first-call inbound services.
North American ports
Forwarders still split on digital quotes: Freightos
Eric Johnson, Senior Technology Editor | Feb 10, 2021, 1:44 PM EST
Instant freight quoting is becoming a divided market, with one end focused on large shippers and the other on small and medium-sized businesses, according to Freightos’ annual State of Online Freight Sales survey.
Logistics Technology News
Air Cargo
RoadOne boosts North Florida drayage network
William B. Cassidy, Senior Editor | Feb 10, 2021, 1:13 PM EST
The acquisition of JZ Expedited Companies gives the national drayage operator more trucking services, transload capacity near the port of Jacksonville.
Drayage
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DSV raises 2021 profit target after strong year
Greg Knowler, Senior Editor Europe | Feb 10, 2021, 1:05 PM EST
Greater coverage of air and ocean markets through its acquisition of Panalpina has driven up profitability at DSV, and the forwarder is expecting an even better result this year.
Supply chain
Investors feed small truck carrier tech momentum with SmartHop funding
Eric Johnson, Senior Technology Editor | Feb 10, 2021, 9:00 AM EST
Investment continues to surge into technologies that enable small truckload carriers to improve administrative and operational aspects of their businesses, with SmartHop’s $12 million funding round the latest example.
Logistics Technology News
Trucking News
Truck brokers
Maersk posts $2.9 billion 2020 profit, expects even stronger 2021
Greg Knowler, Senior Editor Europe | Feb 10, 2021, 6:23 AM EST
Maersk expanded deeper into landside logistics during 2020, strongly boosting its non-ocean revenue during a highly profitable year.
Container lines
US land-based wind installations boom in Q4 2020
Chris Barnett, Special Correspondent | Feb 9, 2021, 4:18 PM EST
MPV/HL carriers and breakbulk ports benefited last year from record US wind cargoes as expiring tax credits, improved technology, and increasing demand accelerated development
Energy projects
Chittagong January exports surpass pre-pandemic volumes
Bangladesh Special Correspondent | Feb 9, 2021, 2:11 PM EST
Apart from western countries, Bangladeshi exports to Australia and Japan are also rising significantly, which has contributed to Chittagong’s container handling rebound.
International ports
De minimis importers tap CBP pilots for faster clearance
Cathy Morrow Roberson, Senior Contributor | Feb 9, 2021, 12:58 PM EST
Through two pilot programs, US Customs Border and Patrol (CBP) is gathering additional information on potential high-risk shipments and also allowing for electronic document filing on international e-commerce shipments valued at $800 or less.
Supply chain
HMM back in black in 2020 as higher rates offset flagging volumes
Greg Knowler, Senior Editor Europe | Feb 9, 2021, 11:51 AM EST
South Korean carrier HMM is the latest shipping line to report a significantly improved 2020 result, with the industry now firmly on track for its most positive financial performance in years.
Maritime
India’s Colombo terminal deal to rival growing Chinese presence in limbo
Bency Mathew, Special India Correspondent | Feb 9, 2021, 10:16 AM EST
Efforts to advance an Indian joint venture at Sri Lanka’s Colombo port have stalled because of port labor unions, though some believe the recent flare-up of border issues between India and China is also a factor.
International ports
Job losses constraining US freight capacity as demand grows
William B. Cassidy, Senior Editor | Feb 8, 2021, 5:06 PM EST
The loss of 84,300 trucking and warehousing jobs in January -- actual numbers before seasonal adjustment -- makes prospects for tighter capacity and higher rates for US shippers in the months ahead more certain.
Truckload
LTL
Trucking labor
US retailers signal record imports each month in H1 2021
Bill Mongelluzzo, Senior Editor | Feb 8, 2021, 4:58 PM EST
Retailers project record year-over-year import volumes each month through June as US consumers continue to shop with no end in sight.
North American ports
Carrier-led block rail push poised to lift sagging India intermodal play
Bency Mathew, Special India Correspondent | Feb 8, 2021, 3:30 PM EST
As cost-conscious India shippers seek “more for less,” value-added services have begun to occupy center stage in freight contract negotiations, including bespoke intermodal services.
International rail
Washington state ports see breakbulk surge in 2020
Chris Barnett, Special Correspondent | Feb 8, 2021, 3:25 PM EST
Wind energy cargoes boosted the Port of Longview’s breakbulk volumes, while high and heavy drove growth at the Northwest Seaport Alliance (NWSA) ports of Seattle and Tacoma.
Breakbulk carriers
Later peak season for intermodal several years in the making
Larry Gross, President and Founder, Gross Transportation Consulting, and JOC analyst | Feb 8, 2021, 3:07 PM EST
The problem with a later peak week is that it leaves precious little room for recovery; when things go wrong or the unexpected occurs, the system appears not to be agile enough to avoid stock-outs and disappointment.
Rail News
Asia–Europe demand waning ahead of Chinese New Year
Greg Knowler, Senior Editor Europe | Feb 8, 2021, 11:13 AM EST
Lower volumes in December and a slight slip in spot rates in January suggest the heavy demand keeping Asia-Europe logistics chains and equipment availability under pressure are beginning to moderate.
Maritime
Trans-Pacific carriers aim to curb free time in annual contracts
Peter Tirschwell | Feb 8, 2021, 8:01 AM EST
If carriers are successful in reducing the number of days shippers can hold containers before being charged detention fees, some shippers may have to adjust warehouse operations so they can unload and return containers to carriers more quickly.
Container lines
Yellow consolidating brands into ‘super-regional’ LTL carrier
William B. Cassidy, Senior Editor | Feb 5, 2021, 5:50 PM EST
The former YRC Worldwide is expanding, not shrinking, Yellow CEO Darren Hawkins says, with plans for streamlined pricing and more regional services as it radically overhauls its business.
Trucking News
LA-LB congestion to clear by late spring: terminal operators
Bill Mongelluzzo, Senior Editor | Feb 5, 2021, 4:39 PM EST
Seeing glimpses of improved productivity, terminal operators in the ports of Los Angeles and Long Beach predict a return to some sense of normalcy between April and June.
North American ports
Drayage
E2open relists on NYSE to bolster long-term capital needs
Eric Johnson, Senior Technology Editor | Feb 5, 2021, 2:29 PM EST
E2open returned to the public markets Friday after a six-year absence, a move that will allow the supply chain software provider to continue to grow organically and through acquisitions.
Logistics Technology News
EU shunning of UK e-commerce opens door for US sellers
Cathy Morrow Roberson, Senior Contributor | Feb 5, 2021, 1:05 PM EST
French and German consumers plan to either completely stop or order less goods online from the United Kingdom, according to a recent Pitney Bowes survey.
Supply chain
Final penalties handed down in Australian car carrier cartel case
Keith Wallis, Special Correspondent | Feb 5, 2021, 10:52 AM EST
Regulators have now fined ocean carriers Wallenius Wilhelmsen Ocean (WWO), NYK RORO, and “K” Line a total of $63 million for price fixing on vehicle shipping services on routes to Australia.
Breakbulk carriers
Ro/ro cargo
Outlook 2021: Online quoting activity builds, but real-time rates elusive
Eric Johnson, Senior Technology Editor | Feb 5, 2021, 10:30 AM EST
Momentum toward digital quoting and booking in ocean shipping is undeniable, but it remains to be seen whether shippers and forwarders will demand — and container lines are actually capable of delivering — truly dynamic pricing.
Container lines
Logistics Technology News
Soaring visibility demand a sign of heightened B2B delivery expectations
Eric Johnson, Senior Technology Editor | Feb 4, 2021, 5:00 PM EST
Container visibility provider ClearMetal said demand for its product aimed at helping shippers improve shipment delivery date accuracy ballooned in 2020 as “customer promise date” becomes a more important logistics metric.
Logistics Technology News
Maritime
Container lines
Outlook 2021: Software providers say data quality at the heart of cargo visibility challenge
Eric Johnson, Senior Technology Editor | Feb 4, 2021, 3:14 PM EST
Given the challenges around container tracking data collection and quality, forwarders could one day become the clearinghouse for all the various components of an end-to-end visibility picture, as well as the provider of quality control for that data.
Logistics Technology News
Maritime
US importers still dependent on China sourcing in a pinch
Mark Szakonyi, Executive Editor | Feb 4, 2021, 1:29 PM EST
Under pressure from an unexpected second-half surge in demand, US importers turned to core production sources in China as the urgency of not missing orders outweighed additional tariff and manufacturing costs.
Maritime
Shippers pushing back on steep Asia–Europe contract rate hikes
Greg Knowler, Senior Europe Editor | Feb 4, 2021, 12:31 PM EST
Reliability is trumping price in Asia-North Europe contracts, but shippers remain wary of having volume commitments cut by carriers, even as they lock in the elevated long-term rates.
Maritime
US high and heavy imports see rebound as 2021 opens
Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Feb 4, 2021, 8:00 AM EST
As congestion and rate pressure continue to squeeze the container market, some breakbulk cargo is shifting out of boxes back to ro/ro.
Ro/ro cargo
Investors arm Slync.io with more cash to grow logistics automation platform
Eric Johnson, Senior Technology Editor | Feb 4, 2021, 6:00 AM EST
A new funding round for logistics automation software provider Slync.io is meant to enable the company to expand in Europe and Asia as it seeks to solve long-running manual process issues for forwarders and shippers.
Logistics Technology News
Multipurpose index forecast up 2 percent amid renewables optimism
Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Feb 3, 2021, 4:33 PM EST
Toepfer Transport's MPV/HL rate forecast climbs to $7,146 as optimism grows in the breakbulk market amid a new US presidential administration seen as favorable to renewables.
Energy projects
Breakbulk carriers
JOC Research: Intermodal savings to tighten in Q1 2021
Ari Ashe, Senior Editor | Feb 3, 2021, 1:28 PM EST
Shippers may see intermodal savings evaporate in the first quarter if rail contracts rise more than 10 percent and spot truck rates continue to cool off and pressure truck contracts.
Intermodal providers
Forwarders expand air charter portfolios to access capacity
Greg Knowler, Senior Editor Europe | Feb 3, 2021, 11:19 AM EST
Shippers of air cargo will face capacity constraints for the rest of 2021, and global forwarders are having to grow their controlled networks to cater to the steady demand.
Air Cargo
US truckers suffering ‘bid fatigue’: Transplace
William B. Cassidy, Senior Editor | Feb 3, 2021, 10:55 AM EST
Fewer trucking companies are responding to shipper bids, as contract truckload pricing rises by high single-digit percentage rates, Transplace executives said Tuesday.
Truck brokers
LTL
COVID-19 disruption crimps Indian port productivity levels
Bency Mathew, Special India Correspondent | Feb 3, 2021, 7:00 AM EST
While Indian terminals had fewer ships to process, especially in the first half of 2020, that operational flexibility was eclipsed by widespread landside challenges and labor shortages.
Marine terminals
FMC’s Bentzel urges carriers to use PNW as alternative to congested LA–LB
Peter Tirschwell and Mark Szakonyi | Feb 2, 2021, 2:35 PM EST
FMC Commissioner Carl Bentzel said rerouting ships to the ports of Seattle and Tacoma could take up to six weeks, but he doesn’t see a better alternative to easing Southern California port congestion.
North American ports
Container lines
Expanded box fleet giving scant relief to crimped supply chain
Greg Knowler, Senior Editor Europe | Feb 2, 2021, 12:46 PM EST
Hapag-Lloyd has found that stocking up on boxes cannot alone ease the severe equipment pressure that has built on the major trades out of Asia.
Maritime
US auto imports expected to continue rebound after late 2020 recovery
Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Feb 2, 2021, 12:36 PM EST
A microprocessor chip shortage and new COVID-19 spread could slow recovery by hampering vehicle production.
Ro/ro cargo
Breakbulk carriers
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