More American Shipper Headlines
Maritime
Container spot rates rocket even higher as Red Sea crisis drags on
Air Cargo
European cargo airline Cargolux launches aerial firefighting unit
Maritime
Red Sea conflict worsens, forcing more ship detours around Africa
Air Cargo
CMA CGM, Air France-KLM scrap cargo alliance over US market access
Maritime
Technology
ITS Logistics invests over $30M to join digital visibility platform race
ITS Logistics is entering this digital arena with its container management and visibility platform ContainerAI.
Container News
Maritime
Container lines had rough Q4 before Red Sea-driven rate rebound
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
Container Shipping
We got too accustomed to peaceful seas
American Shipper Infographics
Infographics
Weekly NTI Update: January 22, 2023
Weekly NTI Update
Most Popular American Shipper Articles
Air Cargo
Cargojet reverses course on 777 freighter ambitions
Cargojet says there isn’t enough airfreight business to justify its planned investment in 777 converted freighters. It wants to get out of its commitments, most likely by selling the aircraft to another company.
Air Cargo
Slide in Delta Air Lines’ cargo revenue decelerates in fourth quarter
Delta Air Lines’ cargo business saw some improvement during the fourth quarter, but the overall enterprise performed very well, according to results released on Friday.
Air Cargo
Cargo airline Amerijet in distress sale, terminates 6 aircraft leases
New owners have taken control of troubled Amerijet, which is scuttling several aircraft leases and laying off more workers to preserve cash.
Maritime
As Red Sea risk spooks container shipping, tankers remain unfazed
Red Sea escalation would juice tanker rates, but rates would fall if the conflict spilled into the Strait of Hormuz.
Air Cargo
FedEx braces for 50% cut in Postal Service air contract
FedEx Express faces more headwinds in its effort to improve profitability as the U.S. Postal Service prepares to drop air routes from contracted service.
SONAR
What the Red Sea conflict means for domestic transportation
The conflict in the Middle East may have late-year implications for the domestic transportation market.
Trade Compliance
Air Cargo
Mexican cargo airline accused of labor violations under USMCA
The U.S. is pressing Mexico to review a complaint by pilots at Mas that they were harassed over associations with a labor union.
Trade and Compliance
Flexport juices trade finance program with $200M credit line from KKR
Infrastructure
Infrastructure
DOT tangles with watchdog over $1.5 billion in freight grants
Highway, port and freight rail projects are caught up in a Government Accountability Office report questioning how the Department of Transportation justifies infrastructure investments.
Air Cargo
Transport Canada contributes $14M to Winnipeg airport cargo expansion
Infrastructure
Forum Mobility adding electric truck charging depot to Long Beach port
Trucking Equipment
Volvo Group wins bid for bankrupt Proterra battery assets
Shipping + Maritime
Maritime
Lenzing levels up supply chain transparency with real-time shipment, carbon visibility from project44
project44 has consistently worked to bring greater transparency and visibility to the ocean sector, launching a suite of solutions powered by AI and machine learning.
American Shipper
US, Mexican partnership to expand international rail car-ferry service
Maritime
Shipping shares outpaced S&P 500 amid 2023’s rising stock market
Container Shipping
Port of NY/NJ volumes down from last year but up from 2019
Shipper's Perspective
Fulfillment
What’s behind the reports of ‘unprecedented’ retail theft
Practically every retail chain in the U.S. has been sounding the alarms on external theft. It’s not as simple as it seems.
Shippers Perspective
What it takes to streamline shipping operations and control costs
Shippers Perspective
5 things shippers should know about real-time freight procurement
Shippers Perspective
How should small-package shippers choose delivery partners?
Air Cargo
Air Cargo
Jetran buys Cargojet rights for 777 freighter conversions
Cargojet has exited its commitment for 777 aircraft with cargo conversion packages by selling the rights to aircraft trader Jetran, which is bullish on the aircraft’s prospects.
Fuel
Fuel News
Benchmark diesel price makes atypical move upward
The benchmark diesel price used for most fuel surcharges rose for only the fourth time in the past 17 weeks.
Fuel News
Benchmark diesel down again as Saudi moves suggest there’s more declines to come
Fuel News
After 2023 price declines, diesel focus turns to its relationship to crude oil
Fuel News
Red Sea issues not hitting oil prices yet; diesel benchmark renews slide
Rail
Mexico Borderlands
Borderlands: Nearshoring forecast to boost US-Mexico trade in 2024
This week in Borderlands: Nearshoring forecast to boost US-Mexico trade in 2024; Texas receives $70M grant for hydrogen fuel stations; automotive manufacturer announces $400M factory in Mexico; and Texas logistics park receives $1.5M grant to expand services.
FreightWaves Classics
The sad but important story of Lincoln’s train funeral procession
t: After President Abraham Lincoln was assassinated, his body toured the United States in a funeral procession by train as the country mourned the loss.
Intermodal
Former Kansas City Southern chief joins J.B. Hunt’s board
J.B. Hunt announced it has added former railroad executive Patrick Ottensmeyer to its board.
Mexico Borderlands
Borderlands: Mexico top US trade partner in November, Laredo No. 1 gateway
This week in Borderlands: Mexico top US trade partner in November, Laredo No. 1 gateway; PSC Group acquires rail terminal in South Texas; automotive firm inaugurates $55 million expansion in Mexico; and CBP seizes $5M worth of cocaine at Texas border crossing.
Truck Driver Issues
Truck transportation jobs trend higher while warehouses shed workers
The monthly BLS report showed a relatively modest gain for truck transportation jobs but another decline in warehouses.
Railroad
Norfolk Southern aims to slash emissions with greater use of biofuels
Increasing biofuel consumption will be a key way for Norfolk Southern to reduce greenhouse gas emissions, according to its inaugural climate transition plan.
Railroad
STB general counsel retires after 51 years of public service
Craig M. Keats started his career in 1972 as an attorney for the Interstate Commerce Commission — the Surface Transportation Board’s predecessor — and he has stayed on since then.
Railroad
7 hot issues for rail stakeholders in 2024
What are stakeholders in the freight rail space keeping an eye on in 2024? Here’s a starter list.
Railroad
FRA’s train crew size rule moves forward
The Federal Railroad Administration submitted its proposed rulemaking on train crew staffing to the U.S. Office of Management and Budget for review.
Railroad
Improving rail service key to growing intermodal volumes: Consultant
Intermodal rail might still face pressure from a loose truck market in 2024, but intermodal rail providers could see volumes grow longer term if they keep service humming, according to Breakthrough’s chief economist.
FreightWaves News
News
Kenworth and Peterbilt recall medium-duty trucks over mirror glass seating
Paccar is recalling 11,053 medium-duty trucks because an improperly seated mirror glass lock ring may allow glass to fall out.
WHAT THE TRUCK?!?
How Houthis shocked shipping; freight’s new magazine; retail tech – WTT
Less than Truckload (LTL)
Forward Air, Omni reach settlement; merger to close soon
Trucking
C.H. Robinson says eBOL collaboration now includes 10 major LTL carriers
Logistics/Supply Chains
Cold chain tech provider Grip Shipping launches fulfillment service
Business
Will shippers’ confidence change when carriers regain pricing power?
Legal issues
Project44 v. FourKites: The FreightTech case that questions Illinois defamation law
Electric Trucks
No signs of panic as Nikola gets 2nd Nasdaq delisting warning
