Knight-Swift girds truckload operations, awaits ‘catalyst’ for market upturn
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3h ago
Cost and pricing pressures are tightening truckload margins, but Knight-Swift CEO Adam Miller sees supply and demand getting “closer to a balance ..read more
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Breakbulk24: Shipping should watch for impact of elections on climate rules: S&P
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7h ago
The shipping industry is facing a prolonged period of geopolitical instability, attendees at the Journal of Commerce’s Breakbulk & Project Cargo Conference were told Thursday ..read more
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ODFL steers steadily toward LTL revival, citing manufacturing gains
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7h ago
The second-largest US LTL provider is protecting its “excess capacity,” and investing in terminals, equipment and people while waiting for improved freight demand ..read more
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Rate slide slows on Asia-Europe ocean trade, with hefty hikes set for May
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7h ago
But major forwarders do not expect the Red Sea ship diversions to provide any meaningful lift in Asia-Europe rates beyond the second quarter ..read more
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Opinions mixed on potential for disruption as ILA contract deadline inches closer
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11h ago
The risk of a strike along the East and Gulf coasts stems from the ILA believing it is entitled to a fair share of the ocean carriers’ pandemic windfall of over $400 billion, as estimated by one industry analyst ..read more
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Hapag-Lloyd widens net amid total shift to electronic bills of lading
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1d ago
Three years after launching its electronic bill of lading product with WaveBL, the carrier is accelerating its move to eBL by striking a deal with a second vendor ..read more
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US freight recovery ‘likely in couple of months’: ACT Research
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1d ago
With Class 8 truck orders dropping, ACT Research believes rising US freight demand will hit tightening truck capacity sooner rather than later ..read more
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MSC targets booming vehicle carrier market with $700 million bid for Gram
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1d ago
The deal was announced to coincide with the release of Gram's first-quarter results, which showed the car carrier market is continuing to boom with soaring charter rates, record vehicle exports from Asia and tight vessel capacity ..read more
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DSV expects demand growth to continue for balance of 2024
The Journal of Commerce Online
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1d ago
The Denmark-based forwarder believes the solid increase in volume it saw in the traditionally weak first quarter will extend through the rest of the year, with a focus on improving yields to keep its 2024 profitability target on track ..read more
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CSX CEO stumps for more labor-friendly, service-focused railroading
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1d ago
Joe Hinrichs warns that focusing on better margins at the expense of intermodal business is short-sighted, defending his decision to extend sick pay leave for labor and arguing that empowering workers is key to delivering better service ..read more
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