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Major forwarder buy-in helps Slync.io land $11 million funding

[caption caption="Process automation technology can be a standalone capability, but Slync's Chris Kirchner believes that in logistics it has to be a feature in a larger offering. Photo credit: Shutterstock.com."][/caption]Amid a tightening venture capital environment, Slync.io secured an $11 million Series A funding round this week, driven in part by...

Forager broadens cross-border ambitions with VC funding

[caption caption="Freight technology providers have sprung up to cater to the underserved US-Mexico cross-border trade in recent years, with more growth expected. Photo credit: Shutterstock.com."][/caption]One of the trickier chasms to bridge for startup logistics technology providers is moving from a brokerage model to a marketplace or ecosystem model that may...

More free time fails to accelerate Indian cargo clearance pace

[caption caption="JNPT’s own terminal has had the lowest gate-out numbers out of five terminals in the harbor in recent days. Photo credit: Shutterstock.com."][/caption]Terminal stakeholders in India have announced temporary free time and demurrage benefits to provide relief to cargo owners caught up in supply chain hurdles linked to the coronavirus...

COVID-19 distorting transport logistics for project forwarders

[caption caption="Despite the upheavals to normal project supply chains caused by COVID-19, project forwarders are finding workarounds to keep project cargo moving. Photo credit: Port Houston."][/caption]Working tenders planned before the coronavirus disease 2019 (COVID-19) upended global logistics, scattered project logistics teams are scrambling to organize — or reorganize — complex project transport...

New CFO to join Wallenius Wilhelmsen group

[caption caption="Wallenius Wilhelmsen's ro-ro ship Titus at anchor in the port of Bremerhaven, Germany. Photo credit: Shutterstock.com."][/caption]Torbjørn Wist will join the Wallenius Wilhelmsen group as CFO in October 2020, replacing current CFO Rebekka Glasser Herlofsen, the company said Monday. Wist is leaving Scandinavian Airlines (SAS), where he is currently CFO,...

New round of Asia-Europe capacity cuts as demand falls

[caption caption="The 2M Alliance will withdraw 21 percent of its capacity from Asia-North Europe and 22 percent from Asia-Med routes from early April to mid-June. Photo credit: Shutterstock.com."][/caption]A second wave of capacity cuts will hit Asia-Europe shippers in the second quarter as carriers blank 22 sailings to match an expected...

Breakbulk shippers increasing ISPM 15 ‘self-mitigation’ measures

[caption caption="A lack of transparency remains a major impediment to compliance with ISPM 15, rules meant to prevent the introduction of invasive and destructive pests like the Asian longhorned beetle (pictured) via wood packaging materials (WPM). Photo credit: Shutterstock.com."][/caption]Facing the prospect of steep fines and re-exportation costs, shippers in the...

Market uncertainty lifts US trucking instant quotes by double-digits

[caption caption="Digital brokers are navigating a topsy-turvy freight market, which makes it very difficult to anticipate how much it will cost to purchase a truck in two or three weeks. Photo credit: Ken Lund/Flickr."][/caption]Any semblance of predictability in the US surface freight market over the next three weeks is so...

Rally of US agricultural exports to China on shaky ground

[caption caption="The combination of a strengthening dollar and the possible collapse of economies overseas due to COVID-19 could reduce demand for US exports. Photo credit: Shutterstock.com"][/caption]US agricultural exports to China are recovering, with containerized volumes up 96 percent in the last five months year over year as the first phase...

Pile up of non-essential cargo at US ports raises alarms

[caption caption="The scarcity of space at terminals is leading to concern about diversions in the event that certain ports are temporarily closed. Photo credit: Shutterstock.com."][/caption]Even as China’s manufacturing comes back online, shippers faced with plummeting demand have begun a process of slowing the supply chain — canceling orders, requesting containers not...

Dynamic container pricing gives carriers repositioning edge

[caption caption="There is a disconnect today between price, supply, and demand in the container spot market, says Mizzen Group. Photo credit: Shutterstock.com."][/caption]Many discussions on the topic of instant versus dynamic ocean freight pricing tend to look at dynamic pricing from a rate procurement perspective — i.e., the ability for a freight...

Project forwarders grapple with COVID-19, oil price crash

[caption caption="Sliding oil prices and the spread of COVID-19 could add up to a double whammy for service providers that specialize in energy-project related cargo. Photo credit: Shutterstock.com."][/caption]The double whammy of coronavirus disease 2019 (COVID-19) and cratering oil prices are giving global project cargo forwarders two things to fight at...

Border bottlenecks freed up after EC intervenes

[caption caption="Lengthy traffic jams for trucks at internal European Union borders last week have eased with a more coordinated approach being taken to the processing of cargo by member states. Photo credit: Shutterstock.com."][/caption]The European Union was forced to intervene this week to free up the flow of essential goods as...

Europe faces $11 billion hit from US-China ‘phase one’ deal: study

[caption caption="US tariffs on European Union auto makers are still pending, and while the coronavirus may have put the brakes on the trans-Atlantic trade dispute, the issues have not gone away. Photo credit: Shutterstock.com."][/caption]The “phase one” trade agreement signed in January between the United States and China will cut demand...

Automaker closures to cut Charleston’s April ro-ro volumes

[caption caption="The Columbus Street terminal in Charleston will have fewer BMW automobiles in April with the automaker suspending production in its Spartanburg plant for two weeks due to coronavirus. Photo credit: Ari Ashe/JOC.com."][/caption]The South Carolina Ports Authority (SCPA) is warning its roll-on, roll-off (ro-ro) cargo volumes could fall as much...

US longshore union hiring halls adjust to COVID-19 reality

[caption caption="Unions are adapting to social distancing rules so that ports remain in operation while longshore workers take precautions to protect them from coronavirus disease 2019 (COVID-19). Photo credit: Shutterstock.com."][/caption]Port unions say they have modified the tradition of longshore workers gathering in hiring halls to receive daily work orders by...

CBP reverses course on granting import duty extensions

[caption caption="An importer either must pay duties owed to CBP within 10 days of cargo being released or duties, taxes, and fees can be collectively paid via an automated clearing house (ACH). Photo credit: Shutterstock.com."][/caption]In an abrupt change, US Customs and Border Protection (CBP) on Thursday said it is no...

Canada freight operators seek clarity on ‘essential’ services

[caption caption="A patchwork of definitions of what Canadian import receiving operations are considered providers of \"essential service\" is causing confusion. Photo credit: Shutterstock.com."][/caption]Canadian freight transportation providers are urging provincial governments and Ottawa to clarify what businesses — namely import receiving facilities — are deemed “essential” services amid the coronavirus disease...

Ro-ro operators tighten belts as new demand melts away

[caption caption="Siem Car Carriers has taken delivery of the 7,500-CEU deep-sea car carrier Siem Confucius even as uncertainty grows over cargo volumes. Photo credit: Siem Car Carriers."][/caption]Leading roll-on, roll-off (ro-ro) operators are grappling with mounting uncertainty over the future of automotive and high and heavy cargoes, with some pushing to...

Coronavirus mitigation sparks truck rate spikes in ‘high-risk’ areas

[caption caption="One-third of the shipments Odyssey Logistics tracks through its new coronavirus disease 2019 (COVID-19) dashboard are originating in “high-risk” zones. Photo credit: Shutterstock.com."][/caption]Trucking rates are climbing across the United States as demand to haul essential goods skyrockets, more than outpacing any decline in freight from shippers whose customers have...