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Monthly Archives: January 2023

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  3. January

UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 31, 2023

Technology that connects and automates packages, trucks, and sorting facilities will come to the fore at UPS this year as the largest US logistics provider positions itself for an economic rebound.

Continue ReadingUPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023

Norfolk Southern adds to Southeast intermodal capacity with new cranes

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 31, 2023

Norfolk Southern’s plan to bring more capacity to its international intermodal business this year has kicked off with new cranes enabling the stacking of marine containers at its Austell ramp in Georgia.

Continue ReadingNorfolk Southern adds to Southeast intermodal capacity with new cranes

Asia-Europe spot rates soften to pre-pandemic levels

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 31, 2023

Carriers have entered 2023 with too much supply and not enough demand on the Asia-Europe trade, with rates continuing their downward spiral through January.

Continue ReadingAsia-Europe spot rates soften to pre-pandemic levels

Asia-Europe spot rates soften to pre-pandemic levels

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 31, 2023

Carriers have entered 2023 with too much supply and not enough demand on the Asia-Europe trade, with rates continuing their downward spiral through January.

Continue ReadingAsia-Europe spot rates soften to pre-pandemic levels

Savannah aims for more cold-chain cargo with new reefer racks

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:January 31, 2023

The Port of Savannah says plans for additional reefer rack capacity will add to its market share for cold chain imports coming into the US Southeast and Gulf Coast.

Continue ReadingSavannah aims for more cold-chain cargo with new reefer racks

ONE cuts profit forecast on persistent market weakness

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:January 31, 2023

The first 2022 financial results from ocean container carriers are filtering in, revealing the impact of collapsing rates and demand on profitability levels.

Continue ReadingONE cuts profit forecast on persistent market weakness

Magaya gets cash infusion to fuel customs-led international growth

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 31, 2023

The software arms race taking place in the global forwarding space shows no signs of relenting, with Miami-based Magaya getting growth capital to fuel its international ambitions.

Continue ReadingMagaya gets cash infusion to fuel customs-led international growth

Burma-related Designations

  • Post category:Export/OFAC
  • Post author:OFAC RSS Feed
  • Post published:January 31, 2023

OFAC has updated its SDN List. Please visit the URL below to view this action

Continue ReadingBurma-related Designations

Spread between East, West coast ocean spot rates returns to pre-pandemic levels

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 30, 2023

The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels.

Continue ReadingSpread between East, West coast ocean spot rates returns to pre-pandemic levels

Spread between East, West coast ocean spot rates returns to pre-pandemic levels

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 30, 2023

The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels.

Continue ReadingSpread between East, West coast ocean spot rates returns to pre-pandemic levels

Pitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 30, 2023

An expedited linehaul service using team drivers will cut transit times connecting Pitt Ohio’s eastern territory with California within three days. 

Continue ReadingPitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast

Pitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 30, 2023

An expedited linehaul service using team drivers will cut transit times connecting Pitt Ohio’s eastern territory with California within three days. 

Continue ReadingPitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast

US railroads looking to mend fences with labor after trying 2022

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 30, 2023

US Class I railroads are taking steps to address quality-of-life issues for their employees, including reducing on-call positions, avoiding furloughs, and introducing more flexible working structures.

Continue ReadingUS railroads looking to mend fences with labor after trying 2022

US railroads looking to mend fences with labor after trying 2022

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 30, 2023

US Class I railroads are taking steps to address quality-of-life issues for their employees, including reducing on-call positions, avoiding furloughs, and introducing more flexible working structures.

Continue ReadingUS railroads looking to mend fences with labor after trying 2022

Ro/ro executive Batista joins GPA as port gears up for expansion

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:January 30, 2023

A long-time ro/ro executive with Wallenius Wilhelmsen will shift his focus to container BCOs in a new position with the Georgia Ports Authority.

Continue ReadingRo/ro executive Batista joins GPA as port gears up for expansion

Ro/ro executive Batista joins GPA as port gears up for expansion

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:January 30, 2023

A long-time ro/ro executive with Wallenius Wilhelmsen will shift his focus to container BCOs in a new position with the Georgia Ports Authority.

Continue ReadingRo/ro executive Batista joins GPA as port gears up for expansion

FMC commissioner drops bid to use OSRA-22 for emergency data sharing

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:January 30, 2023

A Federal Maritime Commission member’s attempt to force marine terminals and ocean carriers to share more data under OSRA-22 has ended with the normalization of the ocean freight market.

Continue ReadingFMC commissioner drops bid to use OSRA-22 for emergency data sharing

FMC drops bid to use OSRA-22 for emergency data sharing

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 30, 2023

A Federal Maritime Commission member’s attempt to force marine terminals and ocean carriers to share more data under OSRA-22 has ended with the normalization of the ocean freight market.

Continue ReadingFMC drops bid to use OSRA-22 for emergency data sharing

Counter Narcotics Designations

  • Post category:Export/OFAC
  • Post author:OFAC RSS Feed
  • Post published:January 30, 2023

OFAC has updated its SDN List. Please visit the URL below to view this action

Continue ReadingCounter Narcotics Designations

US LTL carriers look past downturn by expanding for next rebound

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:January 27, 2023

The promise of economic improvement in the second half of this year and 2024 has LTL trucking companies adding terminals, doors, and services despite the current slowdown.

Continue ReadingUS LTL carriers look past downturn by expanding for next rebound
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January 2023
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