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OOCL to levy US West Coast surcharge, citing congestion
JOC Staff | Dec 1, 2020, 1:33 PM EST
The Los Angeles-Long Beach port complex has experienced the greatest amount of congestion, owing to record imports from Asia that began over the summer when initial COVID-19-related lockdowns were eased.
North American ports
Savannah gets export boost from new A&R Logistics resin plant
Ari Ashe, Senior Editor | Dec 1, 2020, 12:19 PM EST
A&R Logistics opened a resin packaging plant in Georgia last week more than a month ahead of schedule, and along with its new South Carolina facility will contribute a combined 100,000 TEU of new volume at the ports of Charleston and Savannah annually.
North American ports
Softbank backs Flock Freight’s ‘pooled truckload’ model
Eric Johnson, Senior Technology Editor | Dec 1, 2020, 11:00 AM EST
Flock Freight, which uses software to aggregate less-than-truckload (LTL) shipments into multi-stop truckloads, has received more than $100 million to expand its alternative to the hub-and-spoke model.
Logistics Technology News
Trucking News
LTL
E-commerce spike spurs investment in warehousing tech
Eric Johnson, Senior Technology Editor | Dec 1, 2020, 8:00 AM EST
E-commerce growth has driven appetite for on-demand warehousing space, which propelled software provider Flexe toward a $70 million funding round Tuesday.
Logistics Technology News
Asia-US ocean reliability falls to new low
Bill Mongelluzzo, Senior Editor | Nov 30, 2020, 5:26 PM EST
The further deterioration in ocean reliability can be seen in vessel bunching this week at the Los Angeles-Long Beach port complex, where 20 container ships were waiting at anchor as of Monday.
Container lines
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JOC Rankings: US–Carib/Central America trade tumbles in 2020
JOC Staff | Nov 30, 2020, 3:59 PM EST
The impact of the COVID-19 pandemic on demand in the United States and the Caribbean and Central America caused two-way trade between the regions to contract in the first nine months of 2020.
Maritime
Container lines
North American ports
Container lines entering 2021 with stronger pricing power
Peter Tirschwell | Nov 30, 2020, 2:06 PM EST
A series of developments over the past roughly five years has put shippers in the most disadvantageous position in regard to pricing power that they have perhaps ever faced.
Container lines
Demand boom pits shipper against shipper for limited resources
Lars Jensen, CEO & Partner, SeaIntelligence Consulting, and JOC analyst | Nov 30, 2020, 11:58 AM EST
As the demand boom is spreading to multiple trade lanes, it means shippers are now fighting over access to the same limited resources.
Maritime
Delays persist for Indian shippers despite Colombo congestion easing
Bency Mathew, Special India Correspondent | Nov 30, 2020, 10:21 AM EST
Besides the Colombo logjam and acute container shortages, last week’s cyclone-related disruptions at Chennai and other nearby ports dealt another blow to supply chains out of India’s east coast corridor.
International ports
Unadjusted, US truck freight volume is rising: ATA
William B. Cassidy, Senior Editor | Nov 27, 2020, 9:00 AM EST
The non-seasonally adjusted American Trucking Associations Truck Tonnage Index rose 2.7 percent from September in October, but was down year over year.
Trucking News
Surging Asia–Europe spot market lifting long-term contracts
Greg Knowler, Senior Editor Europe | Nov 27, 2020, 8:10 AM EST
Shippers can expect sharp increases in annual contract prices as Asia-Europe spot rates spike ahead of a range of carrier increases and peak season surcharges
Maritime
New options allow in-house freight invoice auditing
Eric Johnson, Senior Technology Editor | Nov 27, 2020, 8:00 AM EST
Automation, self-invoicing bolster traditional third-party payment audit model
Logistics Technology News
Trucking News
Container lines
LTL
Container trades eye boost from intra-Asia economic deal
Keith Wallis, Special Correspondent | Nov 27, 2020, 7:00 AM EST
An intra-Asian trade pact, likely to be ratified next year, will cut or eliminate tariffs, harmonize rules of origin regulations, and deepen regional supply chains.
Container lines
CMA CGM launching premium, expedited Asia-US loop
Bill Mongelluzzo, Senior Editor | Nov 25, 2020, 3:30 PM EST
CMA CGM on Dec. 4 will launch Seapriority Express from Yantian to Los Angeles with guaranteed equipment availability and priority loading in China, and chassis availability in Southern California.
Container lines
FMC intensifies monitoring of shipping alliances
JOC Staff | Nov 25, 2020, 1:24 PM EST
US federal maritime regulator’s decision to increase scrutiny of container lines is part of a larger global effort to monitor how carriers are behaving.
Container lines
US importers must rethink contracting capacity guarantees
Mark Szakonyi, Executive Editor | Nov 25, 2020, 10:13 AM EST
Shippers shouldn’t expect carriers to easily agree to increasing their minimum quantity commitments (MQC) within trans-Pacific service contracts, said Philip Damas, head of Drewry Supply Chain Advisors
Container lines
US truck driver shortfall steeper than expected
William B. Cassidy, Senior Editor | Nov 25, 2020, 10:11 AM EST
The number of truck drivers at carriers with up to 100 trucks fell by more than 150,000 from July to October, tightening already scarce capacity, according to an analysis of Federal Motor Carrier Safety Administration (FMCSA) data.
Trucking labor
CP building dual-coast deepwater port network
Mark Szakonyi, Executive Editor | Nov 25, 2020, 9:20 AM EST
Canadian Pacific has made no secret of its ambition to claw some of the container line volume away from its larger rival Canadian National Railway, with new initiatives at Saint John and Vancouver aimed at just that.
Port News
Utilities veteran to helm Port of Montreal
JOC Staff | Nov 24, 2020, 5:45 PM EST
The leadership change at the Port of Montreal comes as the second-largest Canadian port moves forward on a new terminal after a month-long series of strikes in the summer.
International ports
Solid US on-time parcel delivery rates to falter: analyst
Cathy Morrow Roberson, Senior Contributor | Nov 24, 2020, 8:34 AM EST
The holiday season began with strong on-time last-mile delivery rates for FedEx, UPS, and USPS, but consumers are likely to see one- to two-day delays during an unusual 2020 holiday season.
Trucking News
Truckers struggle to return empty containers at NY-NJ port
Michael Angell, Special Correspondent | Nov 24, 2020, 8:03 AM EST
The increase in one-way container moves means drivers spend more time waiting on line at different terminals, and running down the hours of service they can legally drive.
North American ports
Transport, Trade and Regulation News
Yang Ming to offer online container quoting via BlueX
Eric Johnson, Senior Technology Editor | Nov 24, 2020, 7:45 AM EST
Yang Ming has joined the growing list of container lines to offering a digital quoting and booking channel, with its use of software from BlueX Trade also a sign that this trend is taking root in Asia.
Logistics Technology News
Maritime
Container lines
Freight marketplace integrates rate benchmarking, payment services
Eric Johnson, Senior Technology Editor | Nov 24, 2020, 7:18 AM EST
Toronto-based freight marketplace Shipz has partnered with a trio of software firms to enable users to access to adjacent tools, part of a continuing trend of forwarder-focused technology providers partnering to augment their value.
Logistics Technology News
Heavy demand drives up cargo rollovers at hub ports
Greg Knowler, Senior Editor Europe | Nov 24, 2020, 6:58 AM EST
The ratio of cargo rollovers at transshipment ports continues to rise with carriers unable to maintain reliable schedules and battling to return equipment to Asia to serve the booming export trades.
Maritime
Platform helping customs target risky cargo attracts $7 million
Eric Johnson, Senior Technology Editor | Nov 24, 2020, 6:00 AM EST
New York–based new trade compliance automation startup Altana AI has designs on creating a new version of much-maligned trusted trade cargo facilitations programs.
Logistics Technology News
Transport, Trade and Regulation News
EU to spend nearly $1 trillion on offshore wind
Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Nov 23, 2020, 2:17 PM EST
The European Commission's Green Deal will add 288 gigawatts (GW) of offshore wind capacity to Europe's grid by 2050, along with 40 GW in tidal and floating solar energy generation.
Energy projects
H1 retail restocking hinges on holiday sales, unemployment benefits
Cathy Morrow Roberson, Senior Contributor | Nov 23, 2020, 1:32 PM EST
US retailers benefited from higher inventory levels during Q3; however, the outlook through the end of the year remains uncertain following slowing growth in October retail sales.
Port News
Maritime
Shipping industry still has to convince IMO on decarbonization fund
Kevin Saville, Associate Managing Editor | Nov 23, 2020, 11:53 AM EST
The industry’s proposal calls for the R&D fund to be financed over a 10-year period by a levy on shipping companies of $2 per tonne of marine fuel consumed.
Maritime
Container line profits soar as service plunges
Greg Knowler, Senior Editor Europe | Nov 23, 2020, 9:25 AM EST
Rates and demand on the major east–west trades out of Asia have remained at high levels deep into the traditional slow season, driving up profitability and leaving shippers with the check.
Maritime
FMC to investigate carriers’ role in port congestion
Bill Mongelluzzo, Senior Editor | Nov 20, 2020, 3:14 PM EST
The FMC’s order drew immediate support from organizations representing truckers and agricultural exporters, who have testified about carrier practices they say contribute to port congestion and bottlenecks in the international supply chain.
Container lines
Strong Q3 demand drives up CMA CGM profitability
Greg Knowler, Senior Editor Europe | Nov 20, 2020, 12:11 PM EST
CMA CGM is the latest carrier to post a highly profitable quarterly result in what the CEO has called “a favorable environment” that is expected to continue into the fourth quarter.
Maritime
New York trucking, ferry pioneer Arthur Imperatore dies
William B. Cassidy, Senior Editor | Nov 20, 2020, 10:49 AM EST
The 95-year-old founder of A-P-A Transport helped define LTL trucking in the regulatory era, before establishing NY Waterway.
LTL
Carriers levy congestion surcharges on Chinese reefer imports
Keith Wallis, Special Correspondent | Nov 20, 2020, 9:43 AM EST
CMA CGM said its surcharge will apply to worldwide reefer shipments to Tianjin, including from the US, while MSC said its surcharge would be levied on reefer shipments from Europe.
International ports
Port Tampa Bay attracts US-Mexico service
JOC Staff | Nov 20, 2020, 8:08 AM EST
Major and regional container carriers in recent years have added shuttle services on routes connecting ports in Mexico to the United States, particularly Tampa and Miami.
North American ports
Investors back Loadsmart’s digital multimodal strategy
Eric Johnson, Senior Technology Editor | Nov 20, 2020, 7:30 AM EST
Loadsmart more than tripled the amount of capital raised through a $90 million round announced Friday as it seeks to automate the brokerage and optimization of US domestic transport modes.
Logistics Technology News
Trucking News
Truck brokers
Container shortages, vessel delays stymie US agricultural exporters
Bill Mongelluzzo, Senior Editor | Nov 19, 2020, 5:58 PM EST
California agricultural exporters say failing to deliver their products on time to overseas customers can result in buyers attempting to “wiggle out” of contracts that contain firm deadlines.
Container lines
FMC says it has authority to hear trucking group’s chassis complaint
JOC Staff | Nov 19, 2020, 12:34 PM EST
The US Federal Maritime Commission has rejected an argument from container lines that it lacks the authority to hear the American Trucking Associations’ complaint over so-called merchant haulage moves.
Transport, Trade and Regulation News
Container lines
Drop-and-hook demand prompts Convoy to invest in predictive capability
Eric Johnson, Senior Technology Editor | Nov 19, 2020, 11:44 AM EST
Convoy has seen considerable volume growth for a program under which loads are pre-staged for drivers, prompting the freight broker to develop more predictive capability to route empty equipment to shippers’ facilities.
Truck brokers
Logistics Technology News
Equipment scarcity fuels surcharges for India-US cargo
Bency Mathew, Special India Correspondent | Nov 19, 2020, 10:22 AM EST
Indian shippers are preparing for other carriers to levy equipment surcharges for US-bound cargoes after Mediterranean Shipping Co. said it will do so starting Dec. 3.
Container lines
Maersk enjoys a ‘comfortable’ forwarder relationship: Skou
Greg Knowler, Senior Editor Europe | Nov 19, 2020, 10:00 AM EST
The forwarding share of Maersk’s business has remained constant over the past five years, and CEO Soren Skou is confident that the carrier’s logistics-focused strategy will not upset that relationship.
Maritime
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