Category: Uncategorized

WiseTech Global offices raided over insider trading allegations The investigation by Australian authorities involves alleged share sales activity in late 2024 and early 2025 by Chairman Richard White and three employees. Go to journal of commerce

MPV operators adapt to congestion by shifting to alternative ports, digital tools Congestion at Rotterdam and other North European ports such as Hamburg has been exacerbated by the increase in breakbulk and project cargo volumes from industrial and energy projects, which leaves ports struggling to cope. Go to journal of commerce

Cosco, OOCL incurred over $40 million in initial US port fees The early estimates coincide with prior forecasts of how much of the new port fees would fall on the two carriers, with their combined fee burden potentially reaching $2 billion in a year’s time should no changes be made to the fee structure. Go…

Trans-Pacific air cargo to be driven by ‘vertical’ markets: forwarders Markets such as high tech and perishables are showing strong growth and, combined with shifting trade patterns in Asia, will help offset the lack of a traditional air peak season this quarter, forwarders say. Go to journal of commerce

Wind cargo helps Virginia port lay groundwork for more heavy-lift business The Coastal Virginia Offshore Wind project has been a test case of sorts for the Port of Virginia’s heavy-lift capabilities for future cargo opportunities. Go to journal of commerce

MSC flexing its north-south muscle, particularly on US-Africa trade It would be foolish to extrapolate the road ahead based on one new service, but the fact that MSC brings so many things to bear and can move so quickly implies that others will have to be at the top of their game to compete, writes…

Knight-Swift combining LTL subsidiaries to form one carrier under ACT brand The combination of AAA Cooper Transportation, Midwest Motor Express and Dependable Highway Express covers the US LTL market coast-to-coast, except for the Northeast. Go to journal of commerce

Asia-Europe spot rates defy carrier efforts to lift prices above contract levels Slowing demand from sluggish European economies and excess ocean capacity on the Asia-Europe trade lane are frustrating liners’ attempts to raise rates. Go to journal of commerce

LTL carriers push general rate hikes despite lackluster US freight demand Some of the largest less-than-truckload carriers are announcing non-contract GRIs, but the state of the freight market argues against substantial rate increases. Go to journal of commerce

FMC nominees pledge level playing field for US shippers The Trump administration’s two nominees to fill open positions on the Federal Maritime Commission say ongoing enforcement of existing law can help bring more efficiency to commercial shipping. Go to journal of commerce

No halt to rate declines on India-US trade amid tariff headwinds Average spot rates from West India to the US East Coast have dropped by $400 to $500 per container over the last three weeks, according to new data from freight forwarders. Go to journal of commerce

Rival Kuehne + Nagel circles DSV customers as ocean tender season nears Tender season is a time when shippers traditionally look to switch forwarders, so signing them to new contracts will be the real test of the DSV-DB Schenker integration, DSV CFO Michael Ebbe says. Go to journal of commerce

UP CEO pushing to file formal NS merger application by Dec. 1 Union Pacific’s application seeking federal approval to acquire Norfolk Southern will be 4,000 pages long and provide the first detailed look at how the railroads believe customers would benefit from the $85 billion deal. Go to journal of commerce

Delay in IMO decarbonization plans robs green fuel investors of certainty The absence of a framework on how global shipping can pass on the higher operating costs of using low- or zero-emission fuels to cargo owners will likely stall investment in the sector. Go to journal of commerce

Industry group calls for tougher licensing, better training amid trucker crackdown The Owner-Operator Independent Driver’s Association is urging Congress to codify new regulations aimed at tightening oversight of commercial driver licensing and to support more training for new drivers. Go to journal of commerce

LA-LB saw ‘small to moderate’ rise in emissions despite record volumes in 2024 Record container volumes resulted in greater port activity amid an increase in calls by vessels, trucks and trains, as well as increased use of cargo-handling equipment. Go to journal of commerce

US tariffs dent China import volumes, but not global container growth Amid tariffs of up to 130%, US laden imports from China for the six months between April and September fell to levels not seen since 2013. Go to journal of commerce

Intra-Europe emissions exposure affected by feeder services selection: report The financial risks to shippers are rising as the increasing costs of EU carbon tax and fuel intensity regulations are passed on by Mediterranean carriers, a report from maritime technology company OceanScore has found. Go to journal of commerce

AI agents proliferate in logistics despite skepticism Companies large and small — from C.H. Robinson to ShipAngel — are unveiling new suites of AI agents to augment their customers’ capacities and help them organize unstructured data. Go to journal of commerce

Maersk considering investment in Panama’s new terminals The ocean carrier and logistics provider already has big investments in Panama but may lack dedicated berth space for ships if MSC swoops in on two big container terminals there. Go to journal of commerce

CMA CGM inks auto logistics joint venture with Slovenian Port of Koper The partnership is part of a broader effort to advance the development of the India-Middle East-Europe Economic Corridor via the Adriatic’s main port. Go to journal of commerce

Delay in IMO decarbonization plans robs green fuels investors of certainty The absence of a framework on how global shipping can pass on the higher operating costs of using low- or zero-emission fuels to cargo owners will likely stall investment in the sector. Go to journal of commerce