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Rates from India to US, Europe in rapid retreat amid cooling demand | Journal of Commerce

admin — Wed, 11 Sep 2024 18:31:15 +0000

‘Perfect storm’ pushes market toward Q4 reefer equipment shortages

Seasonal demand for reefer containers on the north-south trade lane, combined with a surge in Brazilian beef exports, could lead to equipment scarcity by the year’s end, market watchers say.

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‘Perfect storm’ pushes market toward Q4 reefer equipment shortages | Journal of Commerce

admin — Wed, 11 Sep 2024 17:48:18 +0000

‘Perfect storm’ pushes market toward Q4 reefer equipment shortages

Seasonal demand for reefer containers on the north-south trade lane, combined with a surge in Brazilian beef exports, could lead to equipment scarcity by the year’s end, market watchers say.

.

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Anxious White House weighing options as ILA contract deadline nears | Journal of Commerce

admin — Wed, 11 Sep 2024 17:26:13 +0000

As the threat of a US port strike approaches, the Biden administration must walk a particularly precarious line: Don’t upset union voters ahead of the presidential election while protecting the economy and an image of responsible economic stewardship. .

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‘Brace for impact’ warning as air cargo heads into historic peak season | Journal of Commerce

admin — Wed, 11 Sep 2024 15:08:14 +0000

Eight straight months of double-digit volume growth in global air freight markets has kept freighters full and flying at peak utilization, and continued demand is expected to outstrip available capacity through Q4 and beyond. .

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US retailers give big upgrade to September import forecast amid strike threat | Journal of Commerce

admin — Tue, 10 Sep 2024 21:12:15 +0000

US retailers give big upgrade to September import forecast amid strike threat

The Global Port Tracker now projects US imports this month will hit 2.31 million TEUs, up 14% from the same month a year ago; last month’s report expected the year-over-year increase for September to be 6.5%.

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Asian ports at the fore in updated Gemini alliance network schedule | Journal of Commerce

admin — Tue, 10 Sep 2024 18:21:14 +0000

Asian ports at the fore in updated Gemini alliance network schedule

The revised service plan from partners Hapag-Lloyd and Maersk includes scenarios via both the Cape of Good Hope and Suez Canal, with a decision due next month on which option will be chosen when the alliance launches in February.

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LTL shipment count gains subsiding in H2, but pricing keeps rising | Journal of Commerce

admin — Fri, 06 Sep 2024 18:18:15 +0000

The latest year-over-year comparisons are clearing up LTL market distortions caused by Yellow’s failure and revealing weak demand, but tight capacity is pushing up rates. .

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