The traditional air cargo market slowdown has been exaggerated by an early start to the Lunar New Year and an unfavorable comparison with last year’s robust peak season.
Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam, India, and South Korea, writes Journal of Commerce Executive Editor Mark Szakonyi.
Shippers saved less than in prior quarters on their intermodal contracts to close 2022, setting up a race to the bottom this year to keep freight on the rails.
Technology that connects and automates packages, trucks, and sorting facilities will come to the fore at UPS this year as the largest US logistics provider positions itself for an economic rebound.
Norfolk Southern’s plan to bring more capacity to its international intermodal business this year has kicked off with new cranes enabling the stacking of marine containers at its Austell ramp in Georgia.
Carriers have entered 2023 with too much supply and not enough demand on the Asia-Europe trade, with rates continuing their downward spiral through January.
The Port of Savannah says plans for additional reefer rack capacity will add to its market share for cold chain imports coming into the US Southeast and Gulf Coast.
The first 2022 financial results from ocean container carriers are filtering in, revealing the impact of collapsing rates and demand on profitability levels.
The software arms race taking place in the global forwarding space shows no signs of relenting, with Miami-based Magaya getting growth capital to fuel its international ambitions.
The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels.