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FedEx forecasts strong profits for LTL division

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/FedExFreight_0.jpg?itok=GbSOL6m8" width="100" height="67" alt="" title="FedEx told investors that operating margins at trucking arm FedEx Freight will hit 20 to 22 percent by fiscal 2025, after reaching 17.4 percent in fiscal 2022. Photo credit: Shutterstock.com." /> FedEx expects its trucking operating profits to keep rising, despite what could be a rocky economic road in the second half of 2022, executives said at an investor meeting.

Development project threatens Port of Oakland’s future

<div class="OutlineElement Ltr SCXW267863779 BCX8"><p class="Paragraph SCXW267863779 BCX8">California agriculture needs the Port of Oakland. For decades, the port has been the primary gateway for <a class="Hyperlink SCXW267863779 BCX8" href="https://www.ams.usda.gov/sites/default/files/OaklandPort.pdf" rel="noreferrer noopener" target="_blank">California agricultural exports</a>.</p></div>

New House legislation would entice carriers to haul US exports

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/Dole.png?itok=oVo4VN8a" width="100" height="75" alt="" title="US farmers have lost an estimated $25 billion in agricultural exports in the past six months because of exporting issues, according to Zippy Duvall, president of the American Farm Bureau. Photo credit: Bill Cassidy/JOC.com." /> Hot on the heels of major shipping reform signed into law, two California Congressmen have introduced a bill that would incentivize vessels to carry US ag exports or call multiple US ports.

Chaotic ‘spillover’ market reveals value of breakbulk shipping skills

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/SPilloverShippers_AALBrisbane%2Bsmall%20.jpeg?itok=hsCHAFU3" width="100" height="67" alt="" title="AAL’s multipurpose AAL Brisbane transporting a deckload of containers in 2021. Photo credit: AAL." /> Old-fashioned breakbulk and supply chain skills have served shippers well in the “spillover” market, and some practices may linger after the container market normalizes.

Frontloading by US retailers driving inventory buildup

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/warehouse_1.jpg?itok=8W7C8g33" width="100" height="56" alt="" title="To get ahead of shipping delays, some retailers already have Christmas inventory on the water or in stores. Photo credit: Hit1912/Shutterstock.com." /> As US consumer sentiment fell to record lows in June, some retailers are sitting on higher inventory than expected heading into peak shipping season.

Tone not criticism undervalues CSCMP report

Constructive feedback, rather than personal attacks, help improve "State of Logistics."

Freight growth to continue despite inflation, rising oil prices: economists

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/containers.0110_3.jpg?itok=DZOtwREv" width="100" height="67" alt="" title="US gross domestic product is forecasted to increase 2.4 percent in 2022, in line with average annual GDP growth in pre-COVID years. Photo credit: Shutterstock.com." /> Modest growth in freight volumes will continue in the second half of the year even if inflation and oil prices remain high, according to trade economists who spoke at the SMC3 conference this week.

LTL outlook strong despite economic fears: SMC3

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/fedex%20freight%202.jpg?itok=7RGZ6kFK" width="100" height="67" alt="" title="LTL’s pricing discipline and expanded role in international shipments are seen as an advantage in a weakening economy. Photo credit: Shutterstock.com. " /> The less-than-truckload industry is positioned to ride through a rocky soft patch in the economy and even a short recession with higher pricing, carrier executives at the SMC3 Connections conference said.

CN adds second Halifax daily service amid growth expectations

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/Halifax.jpg?itok=G-KpjgVD" width="100" height="68" alt="" title=" A second daily service connecting the Port of Halifax to Toronto and US Midwest will haul 250 TEU. Photo credit: Wandering views/Shutterstock.com." /> Despite an almost 10 percent drop in the Port of Halifax’s first quarter volumes, Canadian National Railway has added a second daily train service in anticipation of a cargo rebound.

European unions prepare workers for summer of strikes

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/shutterstock_397658590.jpg?itok=pHPBKeZZ" width="100" height="67" alt="" title="Transport workers held a series of “warning strikes” in several German ports over the past two weeks as wage negotiations between the union and employers stalled. Photo credit: Shutterstock.com. " /> After two years of keeping supply chains moving in a heavily disrupted logistics sector, and now facing rapidly rising inflation, transport worker unions in Europe are turning up the heat on employers.

Jaxport hopes for Asia freight rebound after dredging, terminal upgrades

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/Jaxport_big_ship.jpg?itok=Bz9nLOWL" width="100" height="66" alt="" title="One of Jaxport’s main container terminals will still be limited to Panamax ship calls only, but demand for that capacity is still strong. Photo credit: Jacksonville Port Authority." /> Jacksonville Port Authority’s chief executive sees a chance to reverse a downward trend in the port’s Asia business with the completion of dredging and marine terminal improvements that will allow post-Panamax ships to call.

India-Europe string curtails port calls amid schedule reliability woes

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/HapagLloydfromcompany.png?itok=z7Il6L8f" width="100" height="67" alt="" title="To mitigate the risk of disruptions, Hapag-Lloyd has suggested Indian customers consider options via Jebel Ali for eastbound movement and through available Mundra calls for westbound shipments. Photo credit: Hapag-Lloyd." /> The Indian Ocean Service, a weekly connection between West India and North Europe, will operate with truncated port coverage on eight upcoming sailings between July and September.

CSCMP ‘State of Logistics’ report missed the mark

<p>The Council of Supply Chain Management Professionals (CSCMP) 2022 State of Logistics Report, the 33rd version, was unveiled on June 21. Its title — and underlying theme — was that our nation’s supply chain was “out of sync.”</p><p>I found the title ironic because the report was very much out of sync with the traditionally high expectations for it. Perhaps “A Blinding Flash of the Obvious” would have been a better title.  The headline — that logistics rose to 8 percent of GDP — totally ignored the implication that the US economy grew just over 5 percent.</p>

CSCMP ‘State of Logistics’ report missed the mark

<p>The Council of Supply Chain Management Professionals (CSCMP) 2022 State of Logistics Report, the 33rd version, was unveiled on June 21. Its title — and underlying theme — was that our nation’s supply chain was “out of sync.”</p><p>I found the title ironic because the report was very much out of sync with the traditionally high expectations for it. Perhaps “A Blinding Flash of the Obvious” would have been a better title. The headline — that logistics rose to 8 percent of GDP — totally ignored the implication that the US economy grew just over 5 percent.</p>

OSRA-22 rules on detention, demurrage go into effect

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/OSRA.jpg?itok=ux92mbkV" width="100" height="67" alt="" title="Under the Ocean Shipping Reform Act of 2022, carrier lines now must certify that any detention and demurrage fees are reasonable, or they will be subject to fines. Photo credit: Shutterstock.com." /> Amid ongoing complaints that shippers can’t move cargo or return empties, new US shipping rules are enforcing when carriers can levy detention and demurrage fees.

No immediate relief seen for Canada’s rail problems

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/CPMontreal.jpg?itok=Yt3ZVVoZ" width="100" height="67" alt="" title="A shortage of drayage capacity serving rail hubs and local warehouses in Toronto and Montreal is the root cause of congestion problems in Canada’s supply chain. Photo credit: Shutterstock.com." /> With bottlenecks at inland rail hubs in Toronto and Montreal building and rail container backups likewise mounting in Vancouver and Prince Rupert, Canada’s West Coast ports could experience congestion problems for some time.

Container shipping market showing clear signs of weakness: analysts

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/Shanghai2_0.jpg?itok=WC2htQvK" width="100" height="67" alt="" title="China cargo prevented from leaving via Shanghai (above) during the two-month lockdown was exported via other ports such as Ningbo, Qingdao, and Shenzhen. Photo credit: Shutterstock.com." /> Rate levels on the major trade lanes out of Asia should be rising as peak season begins and key destination ports remain congested, but the spot market has continued to decline.

Containers clog BNSF Dallas terminal amid lack of chassis

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/bnsf-alliance.jpg?itok=TUKa1T9o" width="100" height="67" alt="" title="BNSF Railway is not permitting cherry picking in the Alliance ramp outside of Dallas because the terminal is not structured to ground containers in the same way as BNSF’s Chicago ramp. Photo credit: Morty Fishbein/Flickr. " /> BNSF Railway is stacking ocean containers outside Dallas as cargo owners struggle to unload inventory in a timely manner and chassis providers scramble to reposition equipment sent to Houston earlier this year.

Sedna consolidates email automation space with startup acquisition

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/Sedna_0.jpg?itok=0Rd3rLcI" width="100" height="67" alt="" title=" The sale of Shelly is the second deal founders Warren Kucker and Joe Caprara have made in recent weeks after selling their freight procurement platform Boxton to a logistics company in May. Photo credit: Shutterstock.com." /> Two logistics-focused email automation specialists are joining forces, with London-based Sedna acquiring San Diego-based Shelly to accelerate the former’s ability to automate email data extraction for logistics teams.

Brazil–US freight rates spike amid tight capacity, port congestion

<img class="img-responsive" src="https://www.joc.com/sites/default/files/styles/thumbnail/public/field_feature_image/shutterstock_1872380182.jpg?itok=Kcfv__O_" width="100" height="61" alt="" title="Santos–New York spot ocean rates rose from $7,400 per FEU in February to $8,400 per FEU in June. Photo credit: Stefan Lambauer/Shutterstock.com." /> Northbound capacity from Brazil to the US is tight due to ongoing strength in US imports, a reality that has boosted freight rates and is likely to continue until at least the fourth quarter of 2022.

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