The French and Danish container lines CMA CGM and Maersk are reinvesting big profits in their air cargo fleets and service offerings.
There’s no wave of containers coming to rescue U.S. freight markets. Booking data shows that U.S. imports are cratering.
Maersk said it can provide end-to-end supply chain solutions with its ships calling its APM Terminals Elizabeth, followed by clearance through Maersk Customs Services and finally storage, fulfillment distribution and inland transportation through Performance Team.
CMA CGM, the world’s third largest liner company, froze spot rates in September-January, yet its revenue per container kept rising.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port Houston kicks off a $1.1 billion ship channel expansion; trucks carried 68% of all U.S.-Mexico cargo moved in March; a Texas woman pleads guilty to embezzling millions from a shipping company; and Siemens plans to build a $35 million export plant in Mexico.
It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.
KlearNow has launched KlearNow Drayage, a marketplace for importers and drayage operators.
An expert reveals what’s wrong with ocean shipping giants. Consumers are footing the bill for their massive profits.
The number of container ships waiting off Los Angeles/Long Beach recently sank to 25, the lowest tally since July 2021.
The Federal Railroad Administration grant will be used to upgrade the intermodal rail yards at the Seagirt Marine Terminal.
The Port of Hamburg could suffer a container pileup if labor issues are not resolved in Germany.
While the Federal Maritime Commission’s Rebecca Dye found no evidence of collusion among the major ocean carriers, an investigation into the “numerous charges” they assess still could be launched.
Freightos, a backed by FedEx, is raising capital through a special purpose acquisition company and IPO.
Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?
Work remains for the Biden administration’s new port envoy, Stephen Lyons, to untangle freight supply chains.
Supply chain bottlenecks on the West Coast last year were evident in global port ranking data.
A Florida trio was recently sentenced to federal prison for their roles in a $200 million infant formula fraud scheme.
The port is undergoing a modernization initiative and aims to double container capacity as part of a broader effort to attract market share from Northeast and Midwest customers.
Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.
Safety stats show resilience despite aging ships, cut corners on maintenance and rising pressure on seafarers.
