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Convoy snags historic $400 million investment

[caption caption="Upstart newer entrants in the brokerage industry have shaken up the space, but large and profitable incumbents note they have long invested in their own technological capability. Photo credit: Shutterstock.com."][/caption]As the US surface transportation market wrestles with the impact of new, well-capitalized brokers entering the space, Seattle-based Convoy has...

California trucker complaint seeks to overturn AB5

[caption caption="Since it was signed into law in September, AB5 has generated rumors and confusion throughout California, especially at the ports of Los Angeles, Long Beach (above), and Oakland. Photo by Shutterstock.com."][/caption]The California Trucking Association and two owner-operator drivers on Tuesday filed an amended complaint with a federal court, stating...

Boston wins $20 million DOT grant for terminal expansion

[caption caption="An upgrade to the Port of Boston's Conley Container Terminal that will include the addition of two new berths will get $20 million in federal funds to expand the yard and build a connecting road. Photo credit: Shutterstock.com."][/caption]The Port of Boston has received a $20 million federal grant to...

MPV/HL charter rates stuck in sideways mode

[caption caption="Multipurpose/heavy-lift ship BBC Zarate discharging cargo at the Port of New Orleans. Photo credit: Port of New Orleans."][/caption]Time charter rates are up just a tick, according to Toepfer's Multipurpose Index (TMI). The average six- to 12-month time charter rate for a geared, 12,500-deadweight-ton F-type multipurpose ship reached $7,578 per...

Port of LA warns of sharp Q4 volume drop on tariffs

[caption caption="A panel (left to right: Gold, Seroka, Angela Hofmann, Rufus Yerxa) discuss how tariffs are hurting US ports, trucking, rail, shippers, and consumers. Photo credit: Ari Ashe/JOC.com."][/caption]The Port of Los Angeles is bracing for a 10 percent year-over-year decline in imports in the fourth quarter, after laden volumes through...

German companies link up to tackle Japan's offshore wind market

[caption caption="Stevedores secure wind components in the hold of a Coli vessel. Photo credit: Coli Shipping."][/caption]Germany’s Coli Schiffahrt & Transport has strengthened its links to Japan’s project cargo and renewable energy market by forming a strategic partnership with Hamburg-headquartered Global Renewables Shipbrokers (GRS). Together, they will target the country’s burgeoning...

Evergreen clings to profitability in third quarter

[caption caption="Evergreen has managed to stay in the black during the third quarter, but not by much. Photo credit: Shutterstock.com."][/caption]Taiwan’s Evergreen Marine reported a significant decline in profitability in the third quarter despite a 10 percent increase in revenue and operating costs that remained relatively flat through the period.No volume...

JNPT aims to stem north India diversions with new rail offering

[caption caption="JNPT’s railed cargo intake from India’s northern hinterlands has taken a hit in recent months, as shippers said they were constrained by a lack of connectivity options. Photo credit: APM Terminals Mumbai."][/caption]As the pace of Indian port growth begins to buckle under a weakening economic environment, Jawaharlal Nehru Port...

Evergreen ties up with BlueX to provide online booking

[caption caption="Evergreen Line has joined competitors Hapag-Lloyd, Maersk Line, and CMA CGM in offering online booking for container freight. Photo credit: Igor Grochev/Shutterstock.com."][/caption]Evergreen Line has entered the ranks of ocean carriers offering online booking capability, joining competitors Hapag-Lloyd, Maersk Line, and CMA CGM.Through a partnership with the software provider BlueX...

South Asia infrastructure to slow production shift from China

[caption caption="A lack of direct services from South Asia to the US means that vessels have to transship in Singapore, as more production moves to the region from China. Photo credit: Shutterstock.com."][/caption]Limited manufacturing capacity and freight infrastructure in South Asia will cap how much production can be shifted away from...

Rails, trucking hauling light this US peak season

[caption caption="Domestic intermodal volume in the first four weeks of the final quarter are the lowest they have been since 2016. Photo credit: Fred Frailey."][/caption]It’s shaping up to be an unfulfilling holiday freight season for carriers, with cargo owners shipping fewer containers on rail than the past two years and...

The truth about dimensional pricing for LTL

We’ve been hearing about “density-based pricing” for less-than-truckload (LTL) shipments and “dimensional weight” for years now. In fact, back in 2014, I was invited to take part in a panel discussion on the subject at the SMC3 Jump Start2014 conference.This was a five-person panel and I was the only one...

Forwarder pushback forces India to rework regulatory reform

[caption caption="Reform modifications in India would put intermediaries, like forwarders, on equal footing with carriers when it comes to transactions with cargo owners. Photo credit: PSA Chennai."][/caption]Amid pushback from freight intermediary groups, Indian transport leaders are considering redefining the boundaries of a regulatory platform they have been developing to provide...

COO Toft leaves Maersk

[caption caption="COO Søren Toft has left A.P. Møller - Maersk, capping a more than 14-year tenure at the world’s largest container line. Photo credit: Shutterstock.com."][/caption]The executive leading the charge on decarbonization at the shipping company most out in front on that issue has abruptly left the organization after a lengthy...

Trucker shortage delaying cargo at Japanese ports

[caption caption="Hapag-Lloyd says a trucker shortage has caused dwell times for import containers at Tokyo port (above) to exceed 10 days. Photo credit: Shutterstock.com."][/caption]A severe shortage of truck drivers in Japan is forcing ocean carriers and freight forwarders to delay the pick-up of import and export cargoes from key ports,...

Cyclone delays 12,000 TEU of cargo at Chittagong

[caption caption="Port officials say it will take a week to clear a backlog at Chittagong (above) that is delaying some 12,000 TEU of freight. Photo credit: Shutterstock.com."][/caption]A huge queue of just over 100 vessels were waiting to berth Monday at Bangladesh’s main port of Chittagong in the wake of Cyclone...

Judge delays $93 million judgment against ILWU

 [caption caption="Crane productivity at the Port of Portland in Oregon fell from about 30 moves an hour to 20 during a union slowdown that was the focus of the federal suit. Photo credit: Port of Portland, Oregon."][/caption]Saying the judgment could put the union into bankruptcy, a federal judge on Friday...

ELDs to reset the rate-making clock: TIA report

[caption caption="Carriers told TIA that driver detention times are not getting better, despite more accurate data about how long drivers are held. Photo credit: Shutterstock.com."][/caption]A “seismic shift” in the valuation of truckload rates is under way and set to pick up speed in the next decade, a report from the...

Bankruptcy erodes trust in independent freight payment vendors

[caption caption="Bank-backed freight payment vendors are perceived to be more heavily regulated and thus a safer option with which to entrust millions of dollars. Photo credit: Shutterstock.com."][/caption]There has long been a school of thought in the world of freight payment that shippers have two choices if they’ve decided to work...

Asia-North Europe carriers hold on to spot rate gains

[caption caption="Tightly managed capacity and rate increases has kept rates positive on Asia-Europe. Photo credit: Shutterstock.com."][/caption]The Asia-North Europe spot rate is now just 3 percent below where it was at this point last year, rising for the third consecutive week and building on a rebound since hitting a 12-month low...