An attempt to buy and revive some version of Yellow was called “not viable” after a terminal auction raised $1.9 billion from 22 bidders.
Although the project site is currently unused, it was pressed into service as a storage yard for empty containers during the pandemic, with as many as 7,000 boxes stored there when it was at full capacity in August 2022.
The union chief representing Montreal dockworkers said the big issue of wages has yet to be hashed out less than a month before the deadline for a possible strike at Canada’s second-busiest port.
Motor carrier TCW was unable to prove that street turn fees violate US shipping law in one of the first test cases to see how the Federal Maritime Commission might regulate those charges.
Hyundai Glovis has teamed up with HMM and Seaspan to spend almost $1.5 billion on new dual-fuel pure car and truck carriers as demand continues to surge in the ro/ro sector.
Rolf Habben Jansen said current rates are “not sustainable” given higher overall operating costs and the potential that excess ship capacity will be absorbed due to Panama Canal diversions and greenhouse gas rules.
While the domestic intermodal market may have been in turmoil for the last several years, all stakeholders look ready to support continued growth, writes Ted Prince.
Suspending the auction of its remaining leased properties may give defunct LTL provider Yellow time to work out difficulties with landlords over the leases of potentially valuable properties.
While the preferred approach by carriers is to calculate exposure to the ETS and recover costs per container in a separate surcharge, that will not be possible for Chinese exports to Europe under Shanghai Shipping Exchange regulations.
The Freight Logistics Optimization Works (FLOW) program offers a free view of supply-demand data across several metrics to help make transportation management decisions easier for US supply chain stakeholders.
The second-largest US LTL provider saw daily shipments increase less than 1% year over year in November, signaling continued softness in underlying LTL demand as the post-Yellow market settles.
The world’s largest food and beverage company is the latest shipper to sign on to emissions-cutting services, committing half its global shipping volume to premium green products offered by Hapag-Lloyd, Maersk and CMA CGM.
There has been no sign of a slowdown in the carrier’s acquisition activities as it uses its cash-rich position to expand footprints in key port and logistics markets.
With shippers already having a say in regulation and policy, two House members are urging maritime regulators to give marine terminal operators and public port authorities a seat at the table.
The Blue Ridge Connector will have 18,000 feet of working track and an annual lift capacity of up to 200,000 containers while providing shippers with an all-rail service from Savannah.
The long-time Vancouver Fraser Port Authority executive has helped to lead the port’s gateway infrastructure program to develop road and rail projects designed to facilitate cargo movement.
XPO, Estes, Saia and R+L collectively put up more than 80% of the $1.9 billion bid for terminals of bankrupt LTL provider Yellow, while more sites, including some major facilities, have yet to be auctioned.
Shippers who have built East and Gulf coast routings into their supply chains are taking no chances, raising the need for contingency plans in discussions with carriers and NVOs ahead of 2024 contract renewals.
The South Coast Air Quality Management District says it will create rules to reduce emissions at Southern California rail yards because Union Pacific insists on including public financing as a precondition for participating in the more collaborative MO...
The spending program will target the company’s logistics and services arm with a “substantial amount of investment” earmarked for its ocean and terminals infrastructure in the region.