Category: Uncategorized

Federal court ruling blocking tariffs resets shipping outlook The US Court of International Trade on Wednesday stated that President Donald Trump’s tariffs exceed his authority. Go to journal of commerce

Port Houston secures $131 million in federal funds for ship channel work A portion of the money will be used for Project 11, which will ultimately allow an additional 1,400 vessels of all types to call the port each year by deepening portions of the channel to accommodate larger ships.  Go to journal of commerce

UP’s KC terminal will change approach on ocean cargo Union Pacific Railroad struggled during the pandemic with wheeled facilities where containers are pre-mounted onto chassis before a driver arrives, but in 2021 and 2022 there were periods with no chassis to be found. Go to journal of commerce

Restrained capacity sparks India-US ocean rate momentum Sources have linked some of the US-India blankings to carriers shifting capacity to capitalize on surging volumes on the eastbound trans-Pacific trade following a temporary 90-day tariff truce between the US and China. Go to journal of commerce

New investment for AI platform signals ongoing surge for logistics venture funding Pallet is building tools to automate functions like data entry, email and web portal integrations across ordering, quoting and tracking in the logistics industry. Go to journal of commerce

WiseTech makes $2 billion gamble on overturning complicated software history The company’s deal for E2open shows it is betting it can thread the needle between keeping its customers happy while targeting the customers of those customers. Go to journal of commerce

Journal of Commerce Rankings: Top 25 US truckload carriers still stuck in low gear The largest asset-based truckload carriers are churning their way through a muddy market bottom extended by economic uncertainty, searching for signs of rising demand. Go to journal of commerce

Ocean carriers bring in more trans-Pacific container services amid rate surge Whether the expected capacity injection on tap for June is enough to stem further rate increases remains unclear. Go to journal of commerce

Crew availability ‘biggest threat’ to multipurpose ship sector A squeeze on the talent pipeline for the MPV and heavy-lift sectors means that competition for crew and captains is set to intensify. Go to journal of commerce

CMA CGM signs deal to develop $600 million Haiphong terminal complex The facility, the carrier’s first investment in northern Vietnam, will have a combined capacity of 1.9 million TEUs when operational in 2028. Go to journal of commerce

CMA CGM unveils plans for Suez return on India-Mediterranean service The Marseille-based carrier has finalized operational plans to shift vessels deployed on its MEDEX service back to the normal sailing journey through the Suez Canal beginning next month, sources say. Go to journal of commerce

HMM adds to boom in intra-Asia services with China-Singapore-Indonesia loop The Seoul-based carrier is teaming with Singapore’s PIL and X-Press Feeders on a new service that will be inaugurated from Tianjin on June 19. Go to journal of commerce

WiseTech notches biggest acquisition with $2.1 billion deal for E2open The widely used forwarding software platform has long been acquisitive, but its pending purchase of logistics and planning platform E2open represents a new foray into shipper-focused technology. Go to journal of commerce

California rips US Senate move targeting state’s emissions rules Gov. Gavin Newsom says a Senate vote that appears to be the first step in killing California’s stringent emissions standards is “illegal” and will be challenged in court. Go to journal of commerce

Journal of Commerce Rankings: US LTL sector defies soft demand, regains traction Excluding the last remnants of Yellow’s revenue, the largest US LTL carriers boosted their top line by 3.9% last year, with daily volumes rising 2.7% and terminal numbers up almost 3%. Go to journal of commerce

Cargolux inks three-year green fuel deal to handle Microsoft cargo The Luxembourg-based carrier is the latest airline to sign a supply agreement for sustainable aviation fuel, but it comes as the industry makes slow progress toward decarbonization. Go to journal of commerce

General air cargo in decline as China-US e-commerce boom slows Demand for goods traditionally shipped by air has been weakened by global economic issues, high inflation in destination markets and geopolitical issues that have impacted trade flows. Go to journal of commerce

DCLI-Blackberry deal will improve visibility for domestic chassis pools The GPS technology will provide real-time visibility into chassis location, mileage and high-impact events on the road that could require repairs. Go to journal of commerce