The International Longshoremen’s Association’s wage scale committees this week will review the tentative contract with port employers ahead of a vote by union members.
Container operator Hapag-Lloyd said preliminary results for fiscal year 2024 were improved over the previous year.
The Ocean Network Express alliance of K-Line, MOL and NYK saw profits skyrocket in the fiscal third quarter.
A new report from the Intermodal Association of North America found international volumes helped intermodal freight author a turnaround in 2024.
Here’s what you need to know as ocean carrier alliances prepare to deploy new and reorganized container services.
“We’re partnering with over three times the number of freight forwarders that we [anticipated] by this time,” said Bryan Lacaillade, co-founder and CEO of Freightmate Ai.
Maersk has won an additional two years for domestic container transshipments between ports in China. China’s Transport Ministry this week announced an extension of the pilot cabotage program through December 2027. The program aims to improve domestic export and import container flows between Yangshan port in Shanghai and select ports in northern China. It will […]
Trans-Pacific container rates eased in the most recent week as Chinese manufacturing and logistics activity wound down for the Lunar New Year holiday, which began Wednesday. Asia-U.S. West Coast ocean rates fell 7% to $4,938 per forty-foot equivalent unit for the week ending Jan. 24, according to the Freightos Baltic Dry Index. Asia-U.S. East Coast […]
A strong shipping market helped secondhand container prices grow to an above-average finish in 2024, but it’s unclear whether that will be sustained heading into the new year. “With inflationary pressures persisting and central banks maintaining higher interest rates for longer, container owners will face increased total asset costs,” said Christian Roeloffs, co-founder and chief […]
While the global supply chain seemed whipsawed on a daily basis in 2024, one thing remained constant: a veritable tsunami of ocean containers moving through the Port of Los Angeles. The busiest U.S. maritime trade hub moved 10.3 million container units in 2024, a record 1.7 million TEUs or nearly 20% higher than a year […]
CMA CGM, the French container line that has continued to transit the Red Sea despite attacks on shipping, said it will continue to route most of its affected services away from the region.
CSX Corp. today reported fourth-quarter 2024 operating income of $1.11 billion that fell compared to $1.32 billion in the prior year period. Revenue totaled $3.54 billion for the quarter, off 4% year over year as declines in fuel surcharge and coal revenue offset higher pricing, merchandise volume and volume growth in intermodal. Net income was […]
Union Pacific reported profit 7% higher from a year ago, as rail freight volumes gained and operating margin improved.
An investigation by the United States trade representative found evidence of wide-ranging plans by China that have helped it dominate the global ocean shipping and shipbuilding industries.
There are no major bottlenecks for North American container port drayage and rail ramps, according to ITS Logistics’ January U.S. Port/Rail Ramp Freight Index.
Louis Sola has been designated by President Donald Trump as chairman of the Federal Maritime Commission. Sola, a Republican, has served as an FMC commissioner since 2019 when he was nominated during the first Trump administration. The FMC is an independent federal agency responsible for regulating international ocean commerce as it relates to U.S. interests. […]
Weaker container rates for Asia-U.S. volumes could give way to increases, but that depends on carriers’ plans in the coming weeks, said analyst Freightos.
Houthi rebels said they will end attacks on Israel and on merchant shipping in the Red Sea in the wake of a ceasefire between Israel and Hamas.
The International Longshoremen’s Association expects to shortly take the next steps toward ratifying a new contract with East and Gulf Coast port employers. Union leadership will be scheduling meetings “in the next few weeks” with ILA wage scale delegates to review the tentative agreement with terminal operators and ocean carriers of the United States Maritime […]
Intermodal volumes boosted weekly U.S. rail traffic even as overall carloads slipped compared to the same week in 2024.
