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Monthly Archives: February 2023

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TPM23: CN focusing investment on capacity growth: CEO

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:February 28, 2023

Canadian National will grow its capacity based on the assumption that China will remain the biggest sourcing country for North America while acknowledging the shift under way into Southeast Asia, India, and potentially Africa that could fuel cargo thro...

Continue ReadingTPM23: CN focusing investment on capacity growth: CEO

TPM23: Post-COVID China sourcing shift ‘definitely on’: CMA CGM

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:February 28, 2023

While the supply chain has mostly healed from COVID-19, the pandemic revealed the risk of relying too much on China for product sourcing, CMA CGM’s new US president told TPM23.

Continue ReadingTPM23: Post-COVID China sourcing shift ‘definitely on’: CMA CGM

TPM23: Sustainability should be collective, not competitive: ONE’s Nixon

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:February 28, 2023

The container shipping industry needs to collaborate in finding alternatives to fossil fuels rather than each player following their own path, ONE CEO Jeremy Nixon told TPM23.

Continue ReadingTPM23: Sustainability should be collective, not competitive: ONE’s Nixon

TPM23: Flexport’s new CEO puts focus on building ‘next-generation’ tech

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:February 28, 2023

Flexport, the polarizing digital forwarder, will double down on technology development during a lull in global trade, new CEO Dave Clark said at TPM23.

Continue ReadingTPM23: Flexport’s new CEO puts focus on building ‘next-generation’ tech

SC Ports turns to TRAC, Flexi-Van to help launch chassis pool

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:February 28, 2023

The South Carolina Ports Authority will be able to launch its proprietary chassis pool as scheduled in March thanks to a last-minute agreement to secure 5,000 chassis from two major equipment providers.

Continue ReadingSC Ports turns to TRAC, Flexi-Van to help launch chassis pool

Counter Narcotics Designation and Designation Update

  • Post category:Export/OFAC
  • Post author:OFAC RSS Feed
  • Post published:February 28, 2023

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

Continue ReadingCounter Narcotics Designation and Designation Update

TPM23: MSC putting ocean shipping first after ending 2M Alliance: Toft

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:February 27, 2023

MSC’s chief executive told TPM23 that the company’s hefty orderbook signals to customers that the carrier remains chiefly committed to ocean shipping, rather than selling an integrated supply chain service.

Continue ReadingTPM23: MSC putting ocean shipping first after ending 2M Alliance: Toft

TPM23: Trans-Pacific shippers warned of wave of spring blank sailings

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:February 27, 2023

If container lines don’t significantly blank capacity in March and April, spot rates on the eastbound trans-Pacific will fall further, according to the CEO of Sea-Intelligence Maritime Analysis.

Continue ReadingTPM23: Trans-Pacific shippers warned of wave of spring blank sailings

TPM23: Trans-Pacific shippers warned of wave of spring blank sailings

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:February 27, 2023

If container lines don’t significantly blank capacity in March and April, spot rates on the eastbound trans-Pacific will fall further, according to the CEO of Sea-Intelligence Maritime Analysis.

Continue ReadingTPM23: Trans-Pacific shippers warned of wave of spring blank sailings

TPM23: US can’t quit China, but trade needs to de-risk: Petraeus

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:February 27, 2023

US shippers are entering an era of greater risk in China trade, retired Gen. David Petraeus warned, but the two largest global economies will remain linked despite moves to source goods elsewhere.

Continue ReadingTPM23: US can’t quit China, but trade needs to de-risk: Petraeus

TPM23: Resilient US economy may avoid recession in 2023: economist

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:February 27, 2023

The forecast for the US and global economies is brighter than a year ago, with reduced risk of recession, thanks in part to the “decongestion” of supply chains, economist Nariman Behravesh said at TPM23. 

Continue ReadingTPM23: Resilient US economy may avoid recession in 2023: economist

Hapag-Lloyd inks LNG deal to power incoming mega-ship fleet

  • Post category:JOC
  • Post author:Journal of Commerce | Maritime
  • Post published:February 27, 2023

Hapag-Lloyd is the latest carrier to sign a supply deal with a major energy company aimed at locking in the volumes of alternative fuel required to drive new dual-fuel ships.

Continue ReadingHapag-Lloyd inks LNG deal to power incoming mega-ship fleet

Supplemental Guidance for the Provision of Humanitarian Assistance

  • Post category:Export/OFAC
  • Post author:OFAC RSS Feed
  • Post published:February 27, 2023

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued a humanitarian assistance fact sheet, Supplemental Guidance for the Provision of Humanitarian Assistance. This 2023 fact sheet supplements OFAC’s 2014 Guidance Related...

Continue ReadingSupplemental Guidance for the Provision of Humanitarian Assistance

UP ending chassis policy that rendered containers inaccessible

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

The policy — known informally as the “no cherry picking” rule — prohibited trucking companies from coming into terminals with private chassis when there were no pool chassis available.

Continue ReadingUP ending chassis policy that rendered containers inaccessible

TPMTech23: ‘Purchase order management’ the new catchphrase in logistics

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

Retailers are discovering the importance of closely managing purchase orders as increasingly complex trans-Pacific supply chains spawned by the pandemic highlight the need for a heightened hands-on approach.

Continue ReadingTPMTech23: ‘Purchase order management’ the new catchphrase in logistics

UP CEO Fritz stepping down amid pressure from activist investor

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

Fritz did not elaborate on what role the activist investor played in his decision to step aside, but the announcement came shortly after Soroban Capital wrote that “current [UP] management is not capable of driving a strong operating performance.”

Continue ReadingUP CEO Fritz stepping down amid pressure from activist investor

TPMTech23: Retailers seek to make supply chain visibility data more useful

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:February 24, 2023

Shippers are gaining better supply chain visibility, but now they must step up their game and better manage and integrate the data they are receiving from transportation providers, technology companies told TPMTech23.

Continue ReadingTPMTech23: Retailers seek to make supply chain visibility data more useful

TPMTech23: Retailers seek to make supply chain visibility data more useful

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:February 24, 2023

Shippers are gaining better supply chain visibility, but now they must step up their game and better manage and integrate the data they are receiving from transportation providers, technology companies told TPMTech23.

Continue ReadingTPMTech23: Retailers seek to make supply chain visibility data more useful

Rate hikes resurface on India-US trades as carriers try capacity readjustments

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:February 24, 2023

Encouraging carriers in their somewhat tentative bid to raise rates from recent lows are India’s trade indicators, including the country’s role as a sourcing alternative to China.

Continue ReadingRate hikes resurface on India-US trades as carriers try capacity readjustments

More investment headed to US last-mile delivery market

  • Post category:JOC
  • Post author:Journal of Commerce
  • Post published:February 24, 2023

Transportation providers of all sizes, from Maersk to Pitt Ohio, are searching for last-mile delivery options as customer and consumer demand evolves.

Continue ReadingMore investment headed to US last-mile delivery market
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