Spot truckload rates rising at US East Coast ports, falling on West Coast
Analysts have told the Journal of Commerce they expect spot market pricing to bottom out and remain flat for some time before rising again, most likely at a slow pace.
US retailers offer little optimism in gloomy H1 import forecast
The uncertain direction of the US economy is prompting consumers to hit the pause button on their buying habits, forcing a major retail group to further downgrade import projections through the first half of the year.
Uncertain market clouds outlook for South China terminal operator
Slowing global trade and tough Chinese measures to combat COVID-19 infections dragged down volume last year at Hutchison Ports subsidiary HPH Trust.
Overhaul acquisition consolidates freight risk management market
Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe.
