Category: Uncategorized

MSC will expand Africa-US trade with new calls Mediterranean Shipping Co. is adding new calls to West Africa on its South Africa service as former alliance partner Maersk pulls out of direct services from the continent. Go to journal of commerce

Pasha picks up GSC’s Pacific Northwest transload businesses in court sale The US-based ocean carrier and logistics company paid about $2 million for the two transload specialists following the July shutdown of GSC. Go to journal of commerce

Asia-Europe ocean rates edging down despite ‘robust’ bookings Carriers have responded by adjusting schedules and blanking sailings, but the capacity management has so far failed to hold up prices on the trade lane. Go to journal of commerce

High cost of Gemini transition drags on Hapag-Lloyd’s H1 result But the growing synergy and efficiencies of its Gemini network with Maersk are expected to generate significant savings over the next few quarters, CEO Rolf Habben Jansen says. Go to journal of commerce

Shipper network ShiftX inks Asia joint venture with Unitrans The Hong Kong-based JV will provide coordination, performance management and strategic oversight of all origin locations across Asia for members of the BCO group. Go to journal of commerce

Whipsaw from Trump’s tariffs drove US container import record in July Containerized imports into the US last month set an all-time high, according to PIERS data, reflecting what is likely a peak in 2025 imports as shippers tried to get ahead of tariffs. Go to journal of commerce

Shippers, logistics providers satisfied with H1 rail performance The latest Intermodal Service Scorecard from the Journal of Commerce marks a major boost in confidence that railroads can deliver reliable intermodal service only a few years after historic disruption gridlocked rail networks across North America amid pandemic-linked chaos. Go to journal of commerce

Retailers cut back on warehouse space as supply chain hurdles fuel 3PL growth Traditional retailers in the US are scaling back their space requirements, according to an annual report, as the volatility over tariffs trickles down to the industrial real estate market. Go to journal of commerce

Tight MPV supply countered by container rate crash, ship glut With only low-capacity increases forecast for the MPV fleet, operators believe they will be able to handle the predicted increases in project cargo.  Go to journal of commerce

Truckload procurement tool GoodShip lands $25 million funding round The funds will mostly be spent on further development of its platform for shippers, including investment in AI. Go to journal of commerce

US rejection of IMO ‘net-zero’ framework won’t change outcome: Bimco When the proposed agreement is adopted in October, as expected, all international shipping will be bound by the decarbonization regulation, an official at the shipping association pointed out. Go to journal of commerce

New Houston berth to enhance post-Panamax handling The nearly two-year project to complete Bayport’s Wharf 7 will allow the terminal to handle more ships as work on widening the Houston Ship Channel continues. Go to journal of commerce

Tariff turmoil to increase market volatility, supply chain disruption: HMM Ports in Europe and Asia, especially Rotterdam, Antwerp, Singapore and Shanghai, have been grappling with congestion-related issues such as berthing and cargo delays for several months. Go to journal of commerce

Americold-CPKC venture expands US-Mexico reefer rail services The new 335,000-square-foot facility will reduce border delays and maximize cargo capacity for shippers moving temperature-controlled loads between the US and Mexico. Go to journal of commerce

Yang Ming, Wan Hai profits drop on weaker volumes Taiwan-based ocean carriers say US tariffs are taking a toll on trans-Pacific volumes. Go to journal of commerce

Echo acquires California 3PL amid flagging US freight market The fifth-largest freight broker in the US will absorb FreightSaver, which, similar to Echo, focuses on managed transportation services for shippers. Go to journal of commerce

Underinvestment exposes European ports to systematic bottlenecks A cautious approach to investment in network and terminal infrastructure is not keeping pace with market growth. Go to journal of commerce

Shipper cost pressures risk further fraying carrier relationships US tariffs are fuel cost-cutting mandates, heaping pressure on cargo owners to push for lower ocean shipping rates even if at the expense of carrier relations. Go to journal of commerce

Exporter rate ‘shopping’ exacerbating uneven India ocean service Exporters’ proclivity for rate shopping leads to choppiness in a market that is also beholden to vessels being pulled into larger ocean freight markets. Go to journal of commerce

Strong project cargo demand spurs MPV fleet expansion Two carriers have taken advantage of favorable market fundamentals that pair a rapidly aging fleet and a low order book. Go to journal of commerce