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17
Jan
Investments In Ports Foretell The Future of Global Commerce
Driverless vehicles whizz across five new berths at Tuas Mega Port, which sits on a swathe of largely reclaimed land at the western tip of Singapore. Unmanned cranes loom overhead, circled by camera-fitted drones. The berths are the first of 21 […]
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15
Jan
‘Surge Finally Over,’ US Imports Back Near Pre-Pandemic Levels
The “new normal” is looking a lot like the old normal as U.S. imports continue to fall. Volumes began declining sharply in September and were already close to 2019 levels by the end of last year. They’re expected to pull […]
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14
Jan
Chicago O’Hare Avoids Labor Impasse, Cargo Disruption
A final ground handling agent at Chicago O’Hare International Airport has reached a required labor agreement and will continue cargo operations, sparing several cargo airlines from potential service interruptions. The Chicago Department of Aviation (CDA) on Tuesday notified freighter operators […]
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11
Jan
Final pockets of congestion on East and Gulf coasts nearly gone
What a difference a year makes. At this time in 2022, over 100 container ships were stuck waiting off the ports of Los Angeles and Long Beach, California, with around 150 off all North American ports combined. Now, there are almost no […]
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10
Jan
‘Pricing Discipline’ to Temper US LTL Rate Relief in 2023
The big picture: The past two years have been called a “golden age” for US less-than-truckload (LTL) operators, but shippers would describe the period — marked by double-digit percentage rate increases, service disruptions, and labor shortages — in less favorable terms, […]
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05
Jan
Fallout From Ocean Rate Collapse to Define Market ‘Status Quo’ in 2023
As shippers, forwarders, and container carriers look to the horizon, one question will dominate. What are the implications of the unexpected — and dramatic — collapse in spot freight rates in the second half of last year? This gets to […]
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02
Jan
The Largest Trucking Companies That Went Bankrupt in 2022 Freight Recession
It’s been a rough year for the trucking industry following the red-hot market conditions of late 2020 and 2021. Since the beginning of the year, spot rates have declined by 27.6%, according to the FreightWaves National Truckload Index. On the contract […]
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30
Dec
UPS Extends Residential Delivery Surcharges Beyond Peak Season
In an unprecedented move, UPS Inc. will impose U.S. residential delivery surcharges beyond the peak delivery season instead of letting the levies fall away in mid-January. The Atlanta-based carrier has also done away with the word “peak” in its description […]
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29
Dec
Chance That Container Ship Arrives on Time is Still a Coin Toss
A year ago, fear was a big driver of the supply chain crunch: fear that goods wouldn’t arrive on time, stoked by headlines warning that shipping delays could “cancel Christmas.” It became a vicious cycle. The threat of delays caused […]
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28
Dec
US LTL Volumes Drop, But Pricing Proves Resilient
Freight volumes at large US less-than-truckload (LTL) carriers are softening in the fourth quarter, and some trucking companies are responding with temporary layoffs or other cutbacks. But despite the downturn, LTL revenue and pricing remain elevated compared with a year […]
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