[Source: Transport Topics] — More than 60 containerships sat in San Pedro Bay on Feb. 18, at the entrance to the sprawling ports of Los Angeles and Long Beach. The vessels are waiting for a slot to sail into those facilities to begin unloading their cargo and then start the nearly two-week trip back to… Continue Reading
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Ocean container losses topple annual average in 2 months
[Source: FreightWaves.com] — The World Shipping Council issued an eye-opening report last July. What seemed like a steady stream of vessel fires, capesizes and container losses was in fact a small drop in the global ocean shipping bucket. A WSC study found a tiny fraction, about .0006%, of the roughly 226 million containers shipped on… Continue Reading
New York Gov. Cuomo Announces $87 Million in Rail, Port Funding
[Source: Transport Topics] — New York Gov. Andrew Cuomo announced the availability of $87 million for port and rail improvements in an effort to enhance the state’s trade corridors, The grants are intended to spur economic competitiveness and support the resiliency of critical infrastructure. Continue Reading
FMC to discuss ‘big, huge step’ related to detention, demurrage and container returns
[Source: Supply Chain Drive] — The congestion challenges supply chains are facing has led to calls from industry and the California state government for the FMC to step in and provide some relief. Continue Reading
Transpacific rates more than double, capacity constraints create ‘nightmare’ for shippers
[Source: Supply Chain Drive] — After months of canceled sailings, carriers have reinstated capacity and are telling shippers there’s simply no room. Ships are completely booked through September and are fairly full through October. Continue Reading
TFI Buys UPS Freight for $800 Million
TFI International Inc. is acquiring UPS Freight in an $800 million deal that company leaders said aligns with their businesses’ individual and shared goals. Under the deal, announced Jan. 25, UPS Freight’s less-than-truckload business will operate independently within TFI’s LTL business segment under its new name, TForce Freight, while the dedicated truckload side will join… Continue Reading
Congestion, Slowdown at Ports Cause Growing Concern
[Source: Transport Topics] — Many of the nation’s ports, especially on the West Coast, are reporting long delays to unload cargo ships, and warehouses near those facilities are filled as the supply chains are overloaded with goods. Continue Reading
Maersk works with stakeholders on port congestion, export issues
[Source: Supply Chain Drive] — Equipment availability and port congestion roiled the shipping industry in the second half of 2020, and the logistics community has predicted continued bottlenecks through at least the Lunar New Year. Continue Reading
Year in Review: Trucking Emerges Strong After Challenging 2020
[Source: Transport Topics] — Trucking emerged from one of the most challenging years on record strong and battle-tested, as robust freight demand propelled by soaring demand for consumer goods amid the coronavirus pandemic boosted spot rates and lifted financial results for many publicly traded fleets. Continue Reading
Federal Maritime Commission Worries About Delays at Ports
[Source: Transport Topics] — The leadership of the Federal Maritime Commission says it is becoming worried that ocean carriers may be assessing unfair detention and demurrage charges at the Ports of Los Angeles and Long Beach, Calif., as well as the Port Authority of New York and New Jersey. Continue Reading
