News - page 15

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

The Surface Transportation Board’s regulatory to-do list, train crew sizes and merger conditions related to Canadian Pacific’s acquisition of Kansas City Southern are just some of the big issues that rail industry stakeholders will be watching in 2023. One of […]

TransImpact says there will be virtually no difference in rates in 2023 between FedEx and UPS. Shippers using FedEx Corp. and UPS Inc. can expect 8% to 10% price increases in 2023 once rate and various “accessorial,” or add-on, charges […]

Against a background of extremely weak demand forecasts, ocean carriers are preparing to blank around half their advertised sailings from Asia to North Europe and the US after Chinese New Year on 22 January. High inventory levels in Europe and […]