CINXE.COM

<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5H9ZMQJ');</script><meta name="robots" content="all"/><meta name="viewport" content="width=device-width, initial-scale=1.0"/><meta name="keywords" content="Journal of Commerce, container shipping, breakbulk, international logistics, supply chain management, news, trends, analysis, business intelligence, strategies"/><link rel="preconnect" href="https://fonts.googleapis.com"/><link rel="preconnect" href="https://fonts.gstatic.com"/><link rel="icon" type="image/x-icon" href="/favicon.ico"/><link rel="apple-touch-icon" sizes="180x180" href="/apple-touch-icon.png"/><link rel="apple-touch-icon" sizes="120x120" href="/apple-touch-icon-120x120.png"/><link rel="apple-touch-icon" sizes="57x57" href="/apple-touch-icon-57x57.png"/><link rel="icon" sizes="192x192" href="/apple-touch-icon-192x192.png"/><script src="https://geoip-js.com/js/apis/geoip2/v2.1/geoip2.js" type="text/javascript"></script><script async="" src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script><script src="https://js.chargify.com/latest/chargify.js"></script><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8"></script><title>Supply chain | Journal of Commerce</title><meta name="description" content="Stay updated on supply chain strategies, cargo visibility, inventory trends and more with our comprehensive supply chain news and analysis."/><meta property="og:url" content="https://joc.com/supply-chain"/><meta property="og:title" content="Supply chain | Journal of Commerce"/><meta property="og:description" content="Stay updated on supply chain strategies, cargo visibility, inventory trends and more with our comprehensive supply chain news and analysis."/><meta property="og:image" content="/_next/static/public/images/default-feature-image.jpg"/><meta property="twitter:card" content="summary_large_image"/><meta property="twitter:domain" content="https://joc.com"/><meta property="twitter:url" content="https://joc.com/supply-chain"/><meta property="twitter:title" content="Supply chain | Journal of Commerce"/><meta property="twitter:description" content="Stay updated on supply chain strategies, cargo visibility, inventory trends and more with our comprehensive supply chain news and analysis."/><meta property="twitter:image" content="/_next/static/public/images/default-feature-image.jpg"/><link rel="canonical" href="/supply-chain"/><meta name="next-head-count" content="30"/><link rel="preconnect" href="https://fonts.gstatic.com" crossorigin /><link rel="preload" href="/_next/static/media/16d8c105238cc6fb-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/458c0800366b9d51-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/287321aa93e461f3-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/css/69208ab7aee980b7.css" as="style"/><link rel="stylesheet" href="/_next/static/css/69208ab7aee980b7.css" data-n-g=""/><link rel="preload" href="/_next/static/css/411d4d6684057f92.css" as="style"/><link rel="stylesheet" href="/_next/static/css/411d4d6684057f92.css" data-n-p=""/><noscript data-n-css=""></noscript><script defer="" nomodule="" src="/_next/static/chunks/polyfills-42372ed130431b0a.js"></script><script src="/_next/static/chunks/webpack-6bcc4808c5449b67.js" defer=""></script><script src="/_next/static/chunks/framework-ba89a7b933c4ac4c.js" defer=""></script><script src="/_next/static/chunks/main-a84c398976e470c3.js" defer=""></script><script src="/_next/static/chunks/pages/_app-cd0f472b43ff3ba7.js" defer=""></script><script src="/_next/static/chunks/75227768-7f1deb795a4838df.js" defer=""></script><script src="/_next/static/chunks/1892-38418978e9ca540c.js" defer=""></script><script src="/_next/static/chunks/7814-a36ea65be1ae61e1.js" defer=""></script><script src="/_next/static/chunks/1704-1fee114440fe18a8.js" defer=""></script><script src="/_next/static/chunks/9177-08236026223bce7d.js" defer=""></script><script src="/_next/static/chunks/9665-51e089a53326881f.js" defer=""></script><script src="/_next/static/chunks/pages/%5B...slug%5D-7b72d1dcc0cc4e49.js" defer=""></script><script src="/_next/static/ySTwj_LF9YWGrQLC0ryEK/_buildManifest.js" defer=""></script><script src="/_next/static/ySTwj_LF9YWGrQLC0ryEK/_ssgManifest.js" defer=""></script><style id="__jsx-3195947403">body{font-family:'__Akkurat_9c005d', '__Akkurat_Fallback_9c005d'}</style><style data-href="https://fonts.googleapis.com/css2?family=Source+Sans+Pro:ital,wght@0,300;0,400;0,600;0,700;0,900;1,300;1,400;1,700&display=swap">@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZMkhdo.woff) format('woff')}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK1dSBYKcSV-LCoeQqfX1RYOo3qPa7j.woff) format('woff')}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZclRdo.woff) format('woff')}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ik4zAkw.woff) format('woff')}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK3dSBYKcSV-LCoeQqfX1RYOo3aPA.woff) format('woff')}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:600;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3i54rAkw.woff) format('woff')}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ig4vAkw.woff) format('woff')}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:900;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3iu4nAkw.woff) format('woff')}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZMkidh18S0xR41YDw.woff2) format('woff2');unicode-range:U+0460-052F,U+1C80-1C8A,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZMkido18S0xR41YDw.woff2) format('woff2');unicode-range:U+0301,U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZMkidg18S0xR41YDw.woff2) format('woff2');unicode-range:U+1F00-1FFF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZMkidv18S0xR41YDw.woff2) format('woff2');unicode-range:U+0370-0377,U+037A-037F,U+0384-038A,U+038C,U+038E-03A1,U+03A3-03FF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZMkidj18S0xR41YDw.woff2) format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+0300-0301,U+0303-0304,U+0308-0309,U+0323,U+0329,U+1EA0-1EF9,U+20AB}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZMkidi18S0xR41YDw.woff2) format('woff2');unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZMkids18S0xR41.woff2) format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK1dSBYKcSV-LCoeQqfX1RYOo3qPZ7qsDJB9cme_xc.woff2) format('woff2');unicode-range:U+0460-052F,U+1C80-1C8A,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK1dSBYKcSV-LCoeQqfX1RYOo3qPZ7jsDJB9cme_xc.woff2) format('woff2');unicode-range:U+0301,U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK1dSBYKcSV-LCoeQqfX1RYOo3qPZ7rsDJB9cme_xc.woff2) format('woff2');unicode-range:U+1F00-1FFF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK1dSBYKcSV-LCoeQqfX1RYOo3qPZ7ksDJB9cme_xc.woff2) format('woff2');unicode-range:U+0370-0377,U+037A-037F,U+0384-038A,U+038C,U+038E-03A1,U+03A3-03FF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK1dSBYKcSV-LCoeQqfX1RYOo3qPZ7osDJB9cme_xc.woff2) format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+0300-0301,U+0303-0304,U+0308-0309,U+0323,U+0329,U+1EA0-1EF9,U+20AB}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK1dSBYKcSV-LCoeQqfX1RYOo3qPZ7psDJB9cme_xc.woff2) format('woff2');unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK1dSBYKcSV-LCoeQqfX1RYOo3qPZ7nsDJB9cme.woff2) format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZclSdh18S0xR41YDw.woff2) format('woff2');unicode-range:U+0460-052F,U+1C80-1C8A,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZclSdo18S0xR41YDw.woff2) format('woff2');unicode-range:U+0301,U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZclSdg18S0xR41YDw.woff2) format('woff2');unicode-range:U+1F00-1FFF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZclSdv18S0xR41YDw.woff2) format('woff2');unicode-range:U+0370-0377,U+037A-037F,U+0384-038A,U+038C,U+038E-03A1,U+03A3-03FF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZclSdj18S0xR41YDw.woff2) format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+0300-0301,U+0303-0304,U+0308-0309,U+0323,U+0329,U+1EA0-1EF9,U+20AB}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZclSdi18S0xR41YDw.woff2) format('woff2');unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}@font-face{font-family:'Source Sans Pro';font-style:italic;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKwdSBYKcSV-LCoeQqfX1RYOo3qPZZclSds18S0xR41.woff2) format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ik4zwmhdu3cOWxy40.woff2) format('woff2');unicode-range:U+0460-052F,U+1C80-1C8A,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ik4zwkxdu3cOWxy40.woff2) format('woff2');unicode-range:U+0301,U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ik4zwmxdu3cOWxy40.woff2) format('woff2');unicode-range:U+1F00-1FFF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ik4zwlBdu3cOWxy40.woff2) format('woff2');unicode-range:U+0370-0377,U+037A-037F,U+0384-038A,U+038C,U+038E-03A1,U+03A3-03FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ik4zwmBdu3cOWxy40.woff2) format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+0300-0301,U+0303-0304,U+0308-0309,U+0323,U+0329,U+1EA0-1EF9,U+20AB}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ik4zwmRdu3cOWxy40.woff2) format('woff2');unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:300;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ik4zwlxdu3cOWxw.woff2) format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK3dSBYKcSV-LCoeQqfX1RYOo3qNa7lujVj9_mf.woff2) format('woff2');unicode-range:U+0460-052F,U+1C80-1C8A,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK3dSBYKcSV-LCoeQqfX1RYOo3qPK7lujVj9_mf.woff2) format('woff2');unicode-range:U+0301,U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK3dSBYKcSV-LCoeQqfX1RYOo3qNK7lujVj9_mf.woff2) format('woff2');unicode-range:U+1F00-1FFF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK3dSBYKcSV-LCoeQqfX1RYOo3qO67lujVj9_mf.woff2) format('woff2');unicode-range:U+0370-0377,U+037A-037F,U+0384-038A,U+038C,U+038E-03A1,U+03A3-03FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK3dSBYKcSV-LCoeQqfX1RYOo3qN67lujVj9_mf.woff2) format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+0300-0301,U+0303-0304,U+0308-0309,U+0323,U+0329,U+1EA0-1EF9,U+20AB}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK3dSBYKcSV-LCoeQqfX1RYOo3qNq7lujVj9_mf.woff2) format('woff2');unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:400;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xK3dSBYKcSV-LCoeQqfX1RYOo3qOK7lujVj9w.woff2) format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:600;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3i54rwmhdu3cOWxy40.woff2) format('woff2');unicode-range:U+0460-052F,U+1C80-1C8A,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:600;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3i54rwkxdu3cOWxy40.woff2) format('woff2');unicode-range:U+0301,U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:600;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3i54rwmxdu3cOWxy40.woff2) format('woff2');unicode-range:U+1F00-1FFF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:600;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3i54rwlBdu3cOWxy40.woff2) format('woff2');unicode-range:U+0370-0377,U+037A-037F,U+0384-038A,U+038C,U+038E-03A1,U+03A3-03FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:600;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3i54rwmBdu3cOWxy40.woff2) format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+0300-0301,U+0303-0304,U+0308-0309,U+0323,U+0329,U+1EA0-1EF9,U+20AB}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:600;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3i54rwmRdu3cOWxy40.woff2) format('woff2');unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:600;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3i54rwlxdu3cOWxw.woff2) format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ig4vwmhdu3cOWxy40.woff2) format('woff2');unicode-range:U+0460-052F,U+1C80-1C8A,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ig4vwkxdu3cOWxy40.woff2) format('woff2');unicode-range:U+0301,U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ig4vwmxdu3cOWxy40.woff2) format('woff2');unicode-range:U+1F00-1FFF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ig4vwlBdu3cOWxy40.woff2) format('woff2');unicode-range:U+0370-0377,U+037A-037F,U+0384-038A,U+038C,U+038E-03A1,U+03A3-03FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ig4vwmBdu3cOWxy40.woff2) format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+0300-0301,U+0303-0304,U+0308-0309,U+0323,U+0329,U+1EA0-1EF9,U+20AB}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ig4vwmRdu3cOWxy40.woff2) format('woff2');unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:700;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3ig4vwlxdu3cOWxw.woff2) format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:900;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3iu4nwmhdu3cOWxy40.woff2) format('woff2');unicode-range:U+0460-052F,U+1C80-1C8A,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:900;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3iu4nwkxdu3cOWxy40.woff2) format('woff2');unicode-range:U+0301,U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:900;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3iu4nwmxdu3cOWxy40.woff2) format('woff2');unicode-range:U+1F00-1FFF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:900;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3iu4nwlBdu3cOWxy40.woff2) format('woff2');unicode-range:U+0370-0377,U+037A-037F,U+0384-038A,U+038C,U+038E-03A1,U+03A3-03FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:900;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3iu4nwmBdu3cOWxy40.woff2) format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+0300-0301,U+0303-0304,U+0308-0309,U+0323,U+0329,U+1EA0-1EF9,U+20AB}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:900;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3iu4nwmRdu3cOWxy40.woff2) format('woff2');unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}@font-face{font-family:'Source Sans Pro';font-style:normal;font-weight:900;font-display:swap;src:url(https://fonts.gstatic.com/s/sourcesanspro/v22/6xKydSBYKcSV-LCoeQqfX1RYOo3iu4nwlxdu3cOWxw.woff2) format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}</style></head><body><div id="__next"><style> #nprogress { pointer-events: none; } #nprogress .bar { background: #d6002a; position: fixed; z-index: 9999; top: 0; left: 0; width: 100%; height: 3px; } #nprogress .peg { display: block; position: absolute; right: 0px; width: 100px; height: 100%; box-shadow: 0 0 10px #d6002a, 0 0 5px #d6002a; opacity: 1; -webkit-transform: rotate(3deg) translate(0px, -4px); -ms-transform: rotate(3deg) translate(0px, -4px); transform: rotate(3deg) translate(0px, -4px); } #nprogress .spinner { display: block; position: fixed; z-index: 1031; top: 15px; right: 15px; } #nprogress .spinner-icon { width: 18px; height: 18px; box-sizing: border-box; border: solid 2px transparent; border-top-color: #d6002a; border-left-color: #d6002a; border-radius: 50%; -webkit-animation: nprogresss-spinner 400ms linear infinite; animation: nprogress-spinner 400ms linear infinite; } .nprogress-custom-parent { overflow: hidden; position: relative; } .nprogress-custom-parent #nprogress .spinner, .nprogress-custom-parent #nprogress .bar { position: absolute; } @-webkit-keyframes nprogress-spinner { 0% { -webkit-transform: rotate(0deg); } 100% { -webkit-transform: rotate(360deg); } } @keyframes nprogress-spinner { 0% { transform: rotate(0deg); } 100% { transform: rotate(360deg); } } </style><div id="app"><div class="PaddingContainer_wrapper__FWKgD Header_ad__Rgpxk"><div class="FullPageContainer_container__SQNsL"><div style="--ad-desktop-height:90px;--ad-mobile-height:50px;--ad-desktop-width:975px;--ad-mobile-width:300px" class="AdPlaceholder_placeholder__xdxjj ad"><div id="supply_chain_lb" class="mobile" style="margin-inline:auto;margin-bottom:0;max-width:300px;line-height:0"></div></div></div></div><header class="Header_header__2r_kK"><div class="Header_main__IKyVE"><div style="position:relative"><div class="PaddingContainer_wrapper__FWKgD UpperHeader_container__WUhP_"><div class="FullPageContainer_container__SQNsL UpperHeader_wrapper__QbEwQ"><div class="UpperHeader_logo__ISQzB"><a href="/" class="UpperHeader_logomark__vwH86"><img src="/_next/static/public/images/joc-logo-small.svg" alt="Journal of Commerce Logo"/></a><div class="UpperHeader_separator__TyomH"></div><div class="UpperHeader_logotype__44dMv"><a href="/" class="UpperHeader_logomark__vwH86"><img style="height:var(--font-size-3)" src="/_next/static/public/images/joc_one-line.svg" alt="Journal of Commerce Logo"/></a></div></div><form class="UpperHeader_search__4li5q"><div class="SearchInput_form__5D2DL"><input class="SearchInput_input__Qob4K" placeholder="Search" type="text"/><button class="SearchInput_icon__7Dc8_" title="search"><span class="material-symbols-outlined">search</span></button></div></form><button type="button" title="open menu" class="UpperHeader_trigger__gv_j1"><span class="material-symbols-outlined">menu</span></button></div></div></div><div class="PaddingContainer_wrapper__FWKgD DesktopHeader_container__Kpujn desktop"><div class="FullPageContainer_container__SQNsL DesktopHeader_wrapper__g_KKy"><ul class="DesktopHeader_menu__wDfLI"><li class="DesktopMenuItem_item__1MbBK"><a href="/maritime" class="DesktopMenuItem_link__Qwrf9" target="">Maritime</a><div class="DesktopMenuItem_submenu__O0Hw4"><div class="DesktopMenuItem_wrapper__EI36o"><a href="/maritime/container-shipping-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Container Shipping News</a><a href="/maritime/breakbulk-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Breakbulk News</a><a href="/maritime/port-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Port News</a></div></div></li><li class="DesktopMenuItem_item__1MbBK"><a href="/surface" class="DesktopMenuItem_link__Qwrf9" target="">Surface</a><div class="DesktopMenuItem_submenu__O0Hw4"><div class="DesktopMenuItem_wrapper__EI36o"><a href="/surface/trucking-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Trucking News</a><a href="/surface/rail-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Rail News</a></div></div></li><li class="DesktopMenuItem_item__1MbBK"><a href="/air-cargo" class="DesktopMenuItem_link__Qwrf9" target="">Air Cargo</a><div class="DesktopMenuItem_submenu__O0Hw4"><div class="DesktopMenuItem_wrapper__EI36o"><a href="/air-cargo/air-cargo-carriers-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Air Cargo Carriers News</a><a href="/air-cargo/air-cargo-forwarder-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Air Cargo Forwarder News</a></div></div></li><li class="DesktopMenuItem_item__1MbBK"><a href="/supply-chain" class="DesktopMenuItem_link__Qwrf9" target="">Supply chain</a><div class="DesktopMenuItem_submenu__O0Hw4"><div class="DesktopMenuItem_wrapper__EI36o"><a href="/supply-chain/logistics-technology-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Logistics Technology News</a><a href="/supply-chain/industrial-real-estate-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Industrial Real Estate News</a><a href="/supply-chain/transport-trade-and-regulation-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Transport, Trade and Regulation News</a><a href="/supply-chain/last-mile-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Last Mile News</a><a href="/supply-chain/cool-cargo-news" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Cool Cargo News</a></div></div></li><li class="DesktopMenuItem_item__1MbBK"><a href="/events" class="DesktopMenuItem_link__Qwrf9" target="">Events</a></li><li class="DesktopMenuItem_item__1MbBK"><a href="/resources" class="DesktopMenuItem_link__Qwrf9" target="">Resources</a><div class="DesktopMenuItem_submenu__O0Hw4"><div class="DesktopMenuItem_wrapper__EI36o"><a href="/resources/magazine" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Magazine</a><a href="/resources/newsletters" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Newsletters</a><a href="/resources/multimedia" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Multimedia</a><a href="/resources/white-papers" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">White Papers</a><a href="/resources/special-reports" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Special Reports</a><a href="/resources/press-releases" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Press Releases</a><a href="https://subscribe.joc.com/mediasolutions/" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="_blank">Media Kit</a><a href="/resources/other" class="ButtonLink_link__YfHeV" style="padding:var(--spacing-xs) var(--spacing-s)" target="">Other</a></div></div></li><li class="DesktopMenuItem_item__1MbBK"><a href="/gateway" class="DesktopMenuItem_link__Qwrf9" target=""><span class="ButtonLink_link__YfHeV DesktopHeader_gateway-button__cLZkh"><span class="material-symbols-outlined">finance</span> Gateway</span></a></li></ul><a href="/user/trial" class="ButtonLink_link__YfHeV DesktopHeader_action___1cJ1">Free Trial</a><div class="DesktopHeader_separator__GAHT4" aria-hidden="true">|</div><a href="/subscription/choose-plan" class="ButtonLink_link__YfHeV DesktopHeader_action___1cJ1">Subscribe</a></div></div><div class="MobileHeader_menu__wuYqy mobile"><ul class="MobileHeader_list__vF7fE"><li class="ExpandableMenuItem_item__f7ayq"><div class="ExpandableMenuItem_row__7fGOE"><div class="ExpandableMenuItem_icon__uUHz_"><span class="material-symbols-outlined">chevron_right</span></div><a href="/maritime" class="ExpandableMenuItem_link__dwaQ0" target="">Maritime</a></div><ul class="ExpandableMenuItem_submenu__93Ty_" style="--children-count:3"><li><a href="/maritime/container-shipping-news" target="">Container Shipping News</a></li><li><a href="/maritime/breakbulk-news" target="">Breakbulk News</a></li><li><a href="/maritime/port-news" target="">Port News</a></li></ul></li><li class="ExpandableMenuItem_item__f7ayq"><div class="ExpandableMenuItem_row__7fGOE"><div class="ExpandableMenuItem_icon__uUHz_"><span class="material-symbols-outlined">chevron_right</span></div><a href="/surface" class="ExpandableMenuItem_link__dwaQ0" target="">Surface</a></div><ul class="ExpandableMenuItem_submenu__93Ty_" style="--children-count:2"><li><a href="/surface/trucking-news" target="">Trucking News</a></li><li><a href="/surface/rail-news" target="">Rail News</a></li></ul></li><li class="ExpandableMenuItem_item__f7ayq"><div class="ExpandableMenuItem_row__7fGOE"><div class="ExpandableMenuItem_icon__uUHz_"><span class="material-symbols-outlined">chevron_right</span></div><a href="/air-cargo" class="ExpandableMenuItem_link__dwaQ0" target="">Air Cargo</a></div><ul class="ExpandableMenuItem_submenu__93Ty_" style="--children-count:2"><li><a href="/air-cargo/air-cargo-carriers-news" target="">Air Cargo Carriers News</a></li><li><a href="/air-cargo/air-cargo-forwarder-news" target="">Air Cargo Forwarder News</a></li></ul></li><li class="ExpandableMenuItem_item__f7ayq"><div class="ExpandableMenuItem_row__7fGOE"><div class="ExpandableMenuItem_icon__uUHz_"><span class="material-symbols-outlined">chevron_right</span></div><a href="/supply-chain" class="ExpandableMenuItem_link__dwaQ0" target="">Supply chain</a></div><ul class="ExpandableMenuItem_submenu__93Ty_" style="--children-count:5"><li><a href="/supply-chain/logistics-technology-news" target="">Logistics Technology News</a></li><li><a href="/supply-chain/industrial-real-estate-news" target="">Industrial Real Estate News</a></li><li><a href="/supply-chain/transport-trade-and-regulation-news" target="">Transport, Trade and Regulation News</a></li><li><a href="/supply-chain/last-mile-news" target="">Last Mile News</a></li><li><a href="/supply-chain/cool-cargo-news" target="">Cool Cargo News</a></li></ul></li><li class="ExpandableMenuItem_item__f7ayq"><div class="ExpandableMenuItem_row__7fGOE"><div class="ExpandableMenuItem_icon__uUHz_"></div><a href="/events" class="ExpandableMenuItem_link__dwaQ0" target="">Events</a></div></li><li class="ExpandableMenuItem_item__f7ayq"><div class="ExpandableMenuItem_row__7fGOE"><div class="ExpandableMenuItem_icon__uUHz_"><span class="material-symbols-outlined">chevron_right</span></div><a href="/resources" class="ExpandableMenuItem_link__dwaQ0" target="">Resources</a></div><ul class="ExpandableMenuItem_submenu__93Ty_" style="--children-count:8"><li><a href="/resources/magazine" target="">Magazine</a></li><li><a href="/resources/newsletters" target="">Newsletters</a></li><li><a href="/resources/multimedia" target="">Multimedia</a></li><li><a href="/resources/white-papers" target="">White Papers</a></li><li><a href="/resources/special-reports" target="">Special Reports</a></li><li><a href="/resources/press-releases" target="">Press Releases</a></li><li><a href="https://subscribe.joc.com/mediasolutions/" target="_blank">Media Kit</a></li><li><a href="/resources/other" target="">Other</a></li></ul></li><a href="/gateway" class="ButtonLink_link__YfHeV MobileHeader_gateway__WmEsR"><span class="material-symbols-outlined MobileHeader_chart__ywbDy">finance</span>Gateway</a></ul><a href="/user/trial" class="ButtonLink_link__YfHeV">Free Trial</a><a href="/user/login?redirect=null" class="ButtonLink_link__YfHeV">Sign In</a><a href="/subscription/choose-plan" class="ButtonLink_link__YfHeV">Subscribe</a><form class="MobileHeader_search__2iHdq"><div class="SearchInput_form__5D2DL SearchInput_mobile__mZBXZ"><input class="SearchInput_input__Qob4K" placeholder="Search" type="text"/><button class="SearchInput_icon__7Dc8_" title="search"><span class="material-symbols-outlined">search</span></button></div></form></div></div></header><main id="main" class="main"><div class="PaddingContainer_wrapper__FWKgD"><div class="FullPageContainer_container__SQNsL"><div style="--left-column-width:2fr;--right-column-width:1fr" class="DoubleColumnContainer_wrapper__OOLmD"><div class="DoubleColumnContainer_left__v2CWC"><div class="c-page-header"><div class="c-page-header__breadcrumbs"><div class="c-breadcrumbs"><div class="c-breadcrumbs__item"><a href="/" class="c-breadcrumbs__link"> Home </a></div><div class="c-breadcrumbs__item"><span class="material-symbols-outlined">chevron_right</span><a href="/supply-chain" class="c-breadcrumbs__link c-breadcrumbs__link--active "> supply chain </a></div></div></div><h1 class="Heading_heading__h8IMw Heading_bold__h_y9l Heading_dark__jmb5G" style="font-size:var(--font-size-jumbo-fluid)">Supply chain</h1><div class="c-page-header__description"><span>Stay updated on supply chain strategies, cargo visibility, inventory trends and more with our comprehensive supply chain news and analysis.</span></div></div><div class="c-topic-links c-topic-links--layout-grid c-topic-links--border-thin"><h2 class="Heading_heading__h8IMw Heading_bold__h_y9l Heading_dark__jmb5G" style="font-size:var(--font-size-2);margin-bottom:var(--spacing-s)">Subsections</h2><ul class="c-topic-links__links"><li class="c-topic-links__link"><a href="/supply-chain/logistics-technology-news" class="ButtonLink_link__YfHeV" target="" style="padding:var(--spacing-s)">Logistics Technology News</a></li><li class="c-topic-links__link"><a href="/supply-chain/industrial-real-estate-news" class="ButtonLink_link__YfHeV" target="" style="padding:var(--spacing-s)">Industrial Real Estate News</a></li><li class="c-topic-links__link"><a href="/supply-chain/transport-trade-and-regulation-news" class="ButtonLink_link__YfHeV" target="" style="padding:var(--spacing-s)">Transport, Trade and Regulation News</a></li><li class="c-topic-links__link"><a href="/supply-chain/last-mile-news" class="ButtonLink_link__YfHeV" target="" style="padding:var(--spacing-s)">Last Mile News</a></li><li class="c-topic-links__link"><a href="/supply-chain/cool-cargo-news" class="ButtonLink_link__YfHeV" target="" style="padding:var(--spacing-s)">Cool Cargo News</a></li></ul></div><h2 class="Heading_heading__h8IMw Heading_bold__h_y9l Heading_dark__jmb5G" style="font-size:var(--font-size-2)">The latest <i>Supply chain</i> News & Analysis</h2><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/nyshex-keeps-core-vision-while-evolving-in-volatile-container-shipping-market-5833589" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5833574_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">NYSHEX keeps core vision while evolving in volatile container shipping market</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Peter Tirschwell | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">NYSHEX is making a renewed effort to solve the fundamental problem of ocean container supply chains, promoting the use of index-linked contracts to build contract integrity and certainty.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/smart-container-vendors-create-alliance-to-tackle-drug-smuggling-threat-5824246" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5824245_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Smart container vendors create alliance to tackle drug smuggling threat</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The use cases for sensor-enabled container fleets could expand if shipping lines see such hardware as a legitimate tool to combat the threat of illicit goods movement.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port infrastructure</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/us-retailers-prepare-for-new-ila-strike-threat-tariffs-on-china-imports-5822904" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5822886_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">US retailers prepare for new ILA strike threat, tariffs on China imports</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Mark Szakonyi, Executive Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Major retailers such as Ralph Lauren and Target say they successfully mitigated disruptions from the early October port strike and are ready for the next labor threat and the fallout from likely higher tariffs on Chinese goods.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Trans-Pacific</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/freightos-e2open-link-up-on-airfreight-e-bookings-for-forwarders-5822867" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5822872_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Freightos, e2open link up on airfreight e-bookings for forwarders</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">By connecting to forwarder-customers of software vendor e2open, Freightos is continuing its push to develop electronic booking capability in the air freight industry.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/lack-of-consolidation-driving-freight-visibility-differentiation-competition-5821531" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5821526_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Lack of consolidation driving freight visibility differentiation, competition</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">A dearth of consolidation means there are still plenty of visibility vendors for shippers to choose from, but it also means the market as a whole is on somewhat unsteady ground.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">International ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truckload</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/regulator-proposes-tougher-transparency-requirements-for-us-freight-brokers-5821502" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5821512_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Regulator proposes tougher transparency requirements for US freight brokers</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">William B. Cassidy, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Brokers would have to make transaction records, including shipper rates, available to trucking companies electronically and the requirements could supersede non-disclosure agreements, according to a proposed rule from the Federal Motor Carrier Safety Administration.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Surface</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truckload</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truck brokers</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/startup-technology-vendor-takes-aim-at-cargo-theft-with-free-tracking-service-5820781" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5820799_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Startup technology vendor takes aim at cargo theft with free tracking service</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">GenLogs, founded by an ex-counterterrorism expert, is offering shippers and brokers a way to track lost trailers and trucks as cargo theft booms in the US.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truckload</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truck brokers</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/china-logistics-giant-sf-holding-launches-793-million-hong-kong-ipo-5820741" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5820740_0.1.png"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">China logistics giant SF Holding launches $793 million Hong Kong IPO</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Keith Wallis, Special Correspondent | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The company has the largest ground transportation fleet in Asia, with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Surface</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/former-congressman-tv-host-gets-trumps-nod-to-lead-dot-5820698" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5820697_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Former congressman, TV host gets Trump’s nod to lead DOT</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Michael Angell, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Sean Duffy is the incoming administration’s pick for transportation secretary, with much of his prior legislative focus on issues related to trucking.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Trucking News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/nyshex-says-will-launch-ocean-freight-rate-indexes-next-year-5820643" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5820672_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">NYSHEX says will launch ocean freight rate indexes next year</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Trans-Atlantic</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Asia-Europe</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Trans-Pacific</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/uber-freight-opens-up-truckload-capacity-network-to-rival-brokers-5817647" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5817632_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Uber Freight opens up truckload capacity network to rival brokers</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The company sees its new Broker Access product as another channel for brokers to find capacity outside of contracts with truckload carriers and posting spot freight on a load board.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truck brokers</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truckload</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/kn-acquires-majority-stake-in-big-us-drayage-provider-5817584" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5817583_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">K+N acquires majority stake in big US drayage provider</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Ari Ashe, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The deal for privately-owned IMC Logistics gives NVO Kuehne+Nagel a significant advantage in selling door-to-door products to cargo owners.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Surface</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Drayage</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/panama-canal-chief-offers-land-bridge-option-to-transship-containers-across-isthmus-5810460" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5810452_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Panama Canal chief offers land bridge option to transship containers across isthmus</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Laura Robb, Associate Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Developing an over-the-road network to handle containers carried on ships too large to traverse the waterway could increase the canal’s annual throughput by over 60%, officials say, although funding concerns exist.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/dat-keelvar-integrate-on-truckload-rate-benchmarking-for-shippers-5810373" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5810372_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">DAT, Keelvar integrate on truckload rate benchmarking for shippers</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Customers of automated freight procurement tool Keelvar will get access to more than $1 trillion in truckload pricing data as part of a new arrangement with DAT Freight & Analytics.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truckload</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truck brokers</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/bentzel-leaving-fmc-for-executive-role-with-maritime-trade-groups-5792476" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5792468_0.1.png"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Bentzel leaving FMC for executive role with maritime trade groups</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Michael Angell, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The Democrat, appointed under the previous Trump administration, had taken a particular interest in port and terminal operations while at the US maritime regulator.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Marine terminals</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/air-cargo-peak-season-elevates-as-chinese-export-rates-hit-2024-high-5787362" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5787358_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Air cargo peak season elevates as Chinese export rates hit 2024 high</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Volume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/bcos-should-forsake-revenge-to-build-collaborative-relationships-with-carriers-5787246" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5787230_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">BCOs should forsake ‘revenge’ to build ‘collaborative’ relationships with carriers</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Peter Tirschwell | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Advisors to beneficial cargo owners say mitigating future supply chain disruptions requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/stream-of-oil-and-gas-business-keeps-project-sector-humming-5786451" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5786427_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Stream of oil and gas business keeps project sector humming</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Keith Wallis, Special Correspondent | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">A slower-than-expected transition to renewable energy sources is augmenting — rather than replacing — investment in traditional oil and gas, boosting project cargo demand.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Breakbulk News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Energy projects</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Project cargo</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/payment-technology-adapting-to-account-for-smaller-invoice-inaccuracies-5784868" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5784865_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Payment technology adapting to account for smaller invoice inaccuracies</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Shippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">LTL</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truckload</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/automation-key-to-improving-broker-efficiency-metrics-experts-5780765" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5780763_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Automation key to improving broker efficiency metrics: experts</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Some freight brokers are increasing the number of loads they can book per day with software that automates repetitive components of the booking process.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truck brokers</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truckload</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/asia-europe-air-cargo-demand-jumps-while-de-minimis-scrutiny-hampers-trans-pac-5778528" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5783729_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Asia-Europe air cargo demand jumps while ‘de minimis’ scrutiny hampers trans-Pac</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half has fallen far below year-over-year levels following greater scrutiny by US authorities on e-commerce imports.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/value-of-schenker-takeover-will-manifest-in-expanding-services-dsv-ceo-5778478" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5778363_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Value of Schenker takeover will manifest in expanding services: DSV CEO</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Jens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity’s reach.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/fmc-continues-clawing-back-per-diem-charges-for-shippers-5773604" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5778388_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">FMC continues clawing back per diem charges for shippers</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Michael Angell, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The agency said it has secured more refunds and waivers for shippers in disputes with ocean carriers over detention and demurrage charges, with more investigations pending.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Marine terminals</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/potential-trump-tariffs-would-reset-business-strategy-for-us-importers-analyst-5765307" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5771805_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Potential Trump tariffs would reset business strategy for US importers: analyst</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">John McCauley  | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">It’s not too soon for BCOs to begin game-planning for the results of the US presidential election and what a slew of new tariffs in a possible Trump administration could mean for importers, writes shipper consultant John McCauley.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/delay-in-europes-deforestation-rule-does-not-address-key-issues-palm-oil-industry-5765302" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5764946_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Delay in Europe’s deforestation rule does not address key issues: Palm oil industry</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Small farmers of commodities such as palm oil or cocoa remain concerned about the demanding traceability requirements of the regulation that is seen as a barrier to trade with the European Union.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/proposed-oregon-container-terminal-among-projects-winning-dot-grants-5764924" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5764923_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Proposed Oregon container terminal among projects winning DOT grants</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Michael Angell, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The US Department of Transportation’s latest round of infrastructure grants also target port-adjacent roadways, berth expansions and yard equipment electrification.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port infrastructure</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Marine terminals</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/wavebl-says-ebl-test-shows-faster-payments-cargo-release-5751938" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5751861_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">WaveBL says eBL test shows faster payments, cargo release</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The test showed that eBLs sped the transfer of documents from the exporter to the importer using the WaveBL platform as a shared ledger.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/indias-renewed-protectionist-policies-threaten-foreign-liner-network-expansions-5751795" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5751756_0.1.png"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">India’s renewed protectionist policies threaten foreign liner network expansions</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Bency Mathew, Special Correspondent | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The country could be on the verge of undoing legislation that abolished cabotage restrictions, saying the boost received by foreign-flag carriers has come at the expense of local shipping interests.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">International ports</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/ripple-effects-playing-out-globally-from-ila-strike-analyst-5751171" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5751161_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Ripple effects playing out globally from ILA strike: analyst</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Laura Robb, Associate Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Despite its brevity, shippers can expect to see ongoing impacts on tonnage supply on some trade lanes from the Oct. 1-3 strike, Lars Jensen told the South Carolina International Trade Conference.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/brief-ila-strike-alters-once-placid-labor-landscape-on-east-gulf-coasts-5745953" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5745950_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Brief ILA strike alters once-placid labor landscape on East, Gulf coasts</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Peter Tirschwell | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">If ports operated by ILA labor were for decades a dependable alternative to those reliant on the ILA’s perpetually disruptive West Coast counterpart, the ILWU, that assumption no longer holds true, writes Peter Tirschwell.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Marine terminals</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Longshore labor</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/us-retailers-expect-modest-import-bump-in-october-to-close-out-peak-season-5745363" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5745359_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">US retailers expect modest import bump in October to close out peak season</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Bill Mongelluzzo, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Last week’s three-day longshore strike on the East and Gulf coasts is not expected to disrupt transportation supply chains ahead of the traditional beginning of the holiday shopping season, the National Retail Federation said.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/strike-bullet-dodged-for-now-but-raises-questions-of-market-resilience-analyst-5745208" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5745224_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Strike bullet dodged for now, but raises questions of market resilience: analyst</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Lars Jensen, CEO and Partner, Vespucci Maritime, and Journal of Commerce Analyst  | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Market participants yearning for a market where adverse events never lead to major supply chain hiccups are essentially asking for a reality that has never existed, writes Lars Jensen.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/ila-strike-leaves-us-reefer-importers-few-options-more-risks-5741807" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5741811_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">ILA strike leaves US reefer importers few options, more risks</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Laura Robb, Associate Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Refrigerated container shippers using US East and Gulf coast ports are tapping some non-unionized terminals, but they fear produce stuck on ships and in ports will spoil, and equipment will become scarcer if the strike lasts longer than a week.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Cool Cargo News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Marine terminals</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Longshore labor</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/house-republicans-shippers-up-pressure-on-biden-to-stop-us-port-strike-5740135" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5740131_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">House Republicans, shippers up pressure on Biden to stop US port strike</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Laura Robb, Associate Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Several groups are calling on the White House to invoke the Taft-Hartley Act to stop the International Longshoremen’s Association (ILA) strike that began on Tuesday at midnight.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Longshore labor</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Marine terminals</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/breakbulk-reefer-segment-hanging-on-in-shrinking-market-5738520" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5738507_0.1.png"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Breakbulk reefer segment hanging on in shrinking market</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Keith Wallis, Special Correspondent | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Container lines are contracting directly with perishables shippers, undercutting volume brokers, but the specialized reefer fleet is hanging on to niche markets as a handful of ports pivot toward dockside cold storage.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Breakbulk News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Cool Cargo News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Breakbulk ports</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/usmx-chief-meets-with-biden-administration-officials-as-port-strike-deadline-looms-5737344" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5737341_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">USMX chief meets with Biden administration officials as port strike deadline looms</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Michael Angell, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The White House may finally be looking to take a firmer hand in stalled talks between the ILA and maritime employers with an expected strike just days away.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Marine terminals</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Longshore labor</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/fmc-denies-petition-to-delay-dd-rules-as-creating-greater-confusion-5735933" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5735927_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">FMC denies petition to delay D&D rules as creating ‘greater confusion’</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Michael Angell, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The lobby group representing ocean carriers in issues involving containers failed in its bid to further delay new rules covering how per diem bills are handled.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/db-schenker-customers-spooked-by-dsv-takeover-welcome-at-dhl-ceo-5733653" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5733645_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">DB Schenker customers spooked by DSV takeover welcome at DHL: CEO</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/white-houses-executive-lever-to-prevent-port-strike-is-politically-toxic-5733927" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5733924_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">White House’s executive lever to prevent port strike is politically toxic</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Mark Szakonyi, Executive Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The Biden administration may have no choice but to invoke the Taft-Hartley Act to stop a US port strike even as broader support for Democrats among transportation unions falters ahead of the presidential election.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/truckload-visibility-startup-lands-investment-top-broker-clients-5731987" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/phoenix/5731986_0.1.jpg"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Truckload visibility startup lands investment, top broker clients</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">GenLogs, a technology provider aiming to help US brokers track trucks, uses a network of roadside sensors to passively collect truckload carrier locations.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truckload</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Truck brokers</span></span></div></a></div><div class="Paging_pagination__y72FK" data-cy="pagination"><a href="?page=0" hidden="" class="Paging_arrow__Y8Snj" data-cy="prev"><span class="material-symbols-outlined" aria-hidden="true">arrow_left_alt</span></a><ul class="Paging_items__rzvyX" data-cy="numbers"><li><a href="?page=1" class="Paging_link__Y3Yng Paging_current__x2xVC">1</a></li><li><a href="?page=2" class="Paging_link__Y3Yng">2</a></li><li><a href="?page=3" class="Paging_link__Y3Yng">3</a></li><li><a href="?page=4" class="Paging_link__Y3Yng">4</a></li><li><a href="?page=5" class="Paging_link__Y3Yng">5</a></li><li><a href="?page=6" class="Paging_link__Y3Yng">6</a></li><li>…</li><li><a href="?page=840" class="Paging_link__Y3Yng">840</a></li></ul><a href="?page=2" class="Paging_arrow__Y8Snj" data-cy="next"><span class="material-symbols-outlined">arrow_right_alt</span></a></div></div><div class="DoubleColumnContainer_right__Kafux DoubleColumnContainer_line__AgwWS"><div data-cy="listings-column" class="ListingsColumn_promotions__V7uTc"><div data-cy="sticky-wrapper" class="ListingsColumn_stickyWrapper__O4xwC" style="display:none"><div class="StickyWrapper_sticky__jLZGu StickyWrapper_floating__NOEpH"><div class="StickyWrapper_wrapper__EhAmB"><div class="CloseButton_close_button__tyDle" style="display:none">✕</div><div style="--ad-desktop-height:400px;--ad-mobile-height:250px;--ad-desktop-width:450px;--ad-mobile-width:300px" class="AdPlaceholder_placeholder__xdxjj ad"><div id="supply_chain_ss_top" class="ListingsColumn_ad__WA7_X mobile" style="margin-inline:auto;margin-bottom:0;max-width:300px;line-height:0"></div></div></div></div></div><div style="--ad-desktop-height:100px;--ad-mobile-height:100px;--ad-desktop-width:450px;--ad-mobile-width:300px" class="AdPlaceholder_placeholder__xdxjj ad"><div id="supply_chain_ss_mid_small" class="ListingsColumn_ad__WA7_X mobile" style="margin-inline:auto;margin-bottom:0;max-width:300px;line-height:0"></div></div><div class="ListingsColumn_stickyWrapper__O4xwC" style="display:none"><div class="StickyWrapper_sticky__jLZGu StickyWrapper_floating__NOEpH"><div class="StickyWrapper_wrapper__EhAmB"><div class="CloseButton_close_button__tyDle" style="display:none">✕</div><div style="--ad-desktop-height:400px;--ad-mobile-height:250px;--ad-desktop-width:450px;--ad-mobile-width:300px" class="AdPlaceholder_placeholder__xdxjj ad"><div id="supply_chain_ss_mid" class="ListingsColumn_ad__WA7_X mobile" style="margin-inline:auto;margin-bottom:0;max-width:300px;line-height:0"></div></div></div></div></div><div class="ListingsColumn_stickyWrapper__O4xwC" style="display:none"><div class="StickyWrapper_sticky__jLZGu StickyWrapper_floating__NOEpH"><div class="StickyWrapper_wrapper__EhAmB"><div class="CloseButton_close_button__tyDle" style="display:none">✕</div><div style="--ad-desktop-height:650px;--ad-mobile-height:600px;--ad-desktop-width:450px;--ad-mobile-width:300px" class="AdPlaceholder_placeholder__xdxjj ad"><div id="supply_chain_skyscraper_btm" class="ListingsColumn_ad__WA7_X mobile" style="margin-inline:auto;margin-bottom:0;max-width:300px;line-height:0"></div></div></div></div></div></div></div></div></div></div></main><div class="PopupAd_dismissableAd__7JYyU PopupAd_popup__IaYq_" id="dismissable-ad"><div class="PopupAd_image__wgVcQ"><div class="CloseButton_close_button__tyDle" style="display:none">✕</div><div style="--ad-desktop-height:400px;--ad-mobile-height:250px;--ad-desktop-width:450px;--ad-mobile-width:300px" class="AdPlaceholder_placeholder__xdxjj ad"><div id="popup" class="mobile" style="margin-inline:auto;margin-bottom:0;max-width:300px;line-height:0"></div></div></div></div><div class="PopupAd_dismissableAd__7JYyU PopupAd_interstitial__W4v_r" id="dismissable-ad"><div class="PopupAd_image__wgVcQ"><div class="CloseButton_close_button__tyDle" style="display:none">✕</div><div style="--ad-desktop-height:480px;--ad-mobile-height:250px;--ad-desktop-width:640px;--ad-mobile-width:300px" class="AdPlaceholder_placeholder__xdxjj ad"><div id="interstitial" class="mobile" style="margin-inline:auto;margin-bottom:0;max-width:300px;line-height:0"></div></div></div></div><div class="ExpandableBannerAd_bottomBannerObject__kF7Vm " id="article-banner"><div class="CloseButton_close_button__tyDle" style="display:none">✕</div><div class="ExpandableBannerAd_bottomBannerAd__SBSlD"><div style="--ad-desktop-height:270px;--ad-mobile-height:50px;--ad-desktop-width:975px;--ad-mobile-width:300px" class="AdPlaceholder_placeholder__xdxjj ad"><div id="expandable_slider" class="mobile" style="margin-inline:auto;margin-bottom:0;max-width:300px;line-height:0"></div></div></div></div><footer class="Footer_footer__diIZL Footer_expanded__V0FoH"><div class="Footer_content__DkeHZ"><div class=""><p>© 2024 S&P Global. All rights reserved. Reproduction in whole or in part without permission is prohibited.</p></div><div class="Footer_hidden__kYiDE"><ul class="Footer_links__f8MWp"><li class="Footer_link__RmJdM"><a href="/about">About</a></li><li class="Footer_link__RmJdM"><a href="/coverage-joc-editors">Editorial Team</a></li><li class="Footer_link__RmJdM"><a href="/contact">Contact</a></li><li class="Footer_link__RmJdM"><a href="https://subscribe.joc.com/mediasolutions" target="_blank">Advertise</a></li><li class="Footer_link__RmJdM"><a href="/customer-support">Customer Support</a></li><li class="Footer_link__RmJdM"><a href="/copyright-and-legal-disclaimer">Copyright</a></li><li class="Footer_link__RmJdM"><a href="https://ihsmarkit.com/Legal/privacy.html" target="_blank">Privacy</a></li><li class="Footer_link__RmJdM"><a href="/terms-conditions">Terms & Conditions</a></li><li class="Footer_link__RmJdM"><a href="https://ihsmarkit.com/Legal/modern-slavery-statement.html" target="_blank">Anti-Slavery</a></li></ul><ul class="Footer_socials__F7T7V"><li><a href="https://x.com/JOC_Updates" target="_blank" rel="nofollow"><img alt="X" loading="lazy" width="18" height="18" decoding="async" data-nimg="1" style="color:transparent" src="/_next/static/public/icons/x-white.svg"/></a></li><li><a href="https://www.facebook.com/JOCnewswire" target="_blank" rel="nofollow"><img alt="Facebook" loading="lazy" width="24" height="24" decoding="async" data-nimg="1" style="color:transparent" src="/_next/static/public/icons/facebook-white.png"/></a></li><li><a href="https://www.linkedin.com/showcase/joc-group-inc-/" target="_blank" rel="nofollow"><img alt="Linkedin" loading="lazy" width="24" height="24" decoding="async" data-nimg="1" style="color:transparent" src="/_next/static/public/icons/linkedin-white.png"/></a></li><li><a href="https://www.youtube.com/user/JOCNews" target="_blank" rel="nofollow"><img alt="YouTube" loading="lazy" width="30" height="24" decoding="async" data-nimg="1" style="color:transparent" src="/_next/static/public/icons/youtube-white.png"/></a></li><li><a href="/rss"><span class="material-symbols-outlined">rss_feed</span></a></li></ul></div></div><div class="Footer_hidden__kYiDE"><a href="/"><img class="Footer_logo__jJ05T" src="/_next/static/public/images/joc_spg_two-line_rev_rgb.svg" alt="Journal of Commerce Logo"/></a></div><div class="Footer_button__GxBD4"><button><span class="material-symbols-outlined">remove</span></button></div></footer></div><div class="Toastify"></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"navigation":[{"Id":"1","Name":"Maritime","Menu":true,"ParentId":null,"Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"Position":1,"__typename":"TaxonomyDictionary","Children":[{"Id":"9","Name":"Container Shipping News","Menu":true,"ParentId":"1","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"Position":8,"__typename":"TaxonomyDictionary","Children":[{"Id":"34","Name":"Container lines","Menu":true,"ParentId":"9","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"Position":33,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"35","Name":"Trans-Atlantic","Menu":true,"ParentId":"9","Redirects":[{"Path":"/maritime/container-shipping-news/trans-atlantic","__typename":"Redirect"}],"Position":36,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"36","Name":"Forwarding","Menu":true,"ParentId":"9","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"Position":34,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"37","Name":"Asia-Europe","Menu":true,"ParentId":"9","Redirects":[{"Path":"/maritime/container-shipping-news/asia-europe","__typename":"Redirect"}],"Position":37,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"38","Name":"Trans-Pacific","Menu":true,"ParentId":"9","Redirects":[{"Path":"/maritime/container-shipping-news/trans-pacific","__typename":"Redirect"}],"Position":35,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"8","Name":"Breakbulk News","Menu":true,"ParentId":"1","Redirects":[{"Path":"/maritime/breakbulk-news","__typename":"Redirect"}],"Position":9,"__typename":"TaxonomyDictionary","Children":[{"Id":"29","Name":"Breakbulk carriers","Menu":true,"ParentId":"8","Redirects":[{"Path":"/maritime/breakbulk-news/breakbulk-carriers","__typename":"Redirect"}],"Position":28,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"30","Name":"Ro/ro cargo","Menu":true,"ParentId":"8","Redirects":[{"Path":"/maritime/breakbulk-news/roro-cargo","__typename":"Redirect"}],"Position":31,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"31","Name":"Energy projects","Menu":true,"ParentId":"8","Redirects":[{"Path":"/maritime/breakbulk-news/energy-projects","__typename":"Redirect"}],"Position":29,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"32","Name":"Heavy-haul transport","Menu":true,"ParentId":"8","Redirects":[{"Path":"/maritime/breakbulk-news/heavy-haul-transport","__typename":"Redirect"}],"Position":32,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"33","Name":"Project cargo","Menu":true,"ParentId":"8","Redirects":[{"Path":"/maritime/breakbulk-news/project-cargo","__typename":"Redirect"}],"Position":30,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"10","Name":"Port News","Menu":true,"ParentId":"1","Redirects":[{"Path":"/maritime/port-news","__typename":"Redirect"}],"Position":10,"__typename":"TaxonomyDictionary","Children":[{"Id":"39","Name":"Drayage","Menu":true,"ParentId":"10","Redirects":[{"Path":"/maritime/port-news/drayage","__typename":"Redirect"}],"Position":38,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"40","Name":"Port infrastructure","Menu":true,"ParentId":"10","Redirects":[{"Path":"/maritime/port-news/port-infrastructure","__typename":"Redirect"}],"Position":41,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"41","Name":"Breakbulk ports","Menu":true,"ParentId":"10","Redirects":[{"Path":"/maritime/port-news/breakbulk-ports","__typename":"Redirect"}],"Position":44,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"42","Name":"North American ports","Menu":true,"ParentId":"10","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"Position":39,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"43","Name":"Marine terminals","Menu":true,"ParentId":"10","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"Position":42,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"44","Name":"International ports","Menu":true,"ParentId":"10","Redirects":[{"Path":"/maritime/port-news/international-ports","__typename":"Redirect"}],"Position":40,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"45","Name":"Longshore labor","Menu":true,"ParentId":"10","Redirects":[{"Path":"/maritime/port-news/longshore-labor","__typename":"Redirect"}],"Position":43,"__typename":"TaxonomyDictionary","Children":[]}]}]},{"Id":"2","Name":"Surface","Menu":true,"ParentId":null,"Redirects":[{"Path":"/surface","__typename":"Redirect"}],"Position":2,"__typename":"TaxonomyDictionary","Children":[{"Id":"11","Name":"Trucking News","Menu":true,"ParentId":"2","Redirects":[{"Path":"/surface/trucking-news","__typename":"Redirect"}],"Position":11,"__typename":"TaxonomyDictionary","Children":[{"Id":"46","Name":"LTL","Menu":true,"ParentId":"11","Redirects":[{"Path":"/surface/trucking-news/ltl","__typename":"Redirect"}],"Position":45,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"47","Name":"Truckload","Menu":true,"ParentId":"11","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"Position":48,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"48","Name":"Truck brokers","Menu":true,"ParentId":"11","Redirects":[{"Path":"/surface/trucking-news/truck-brokers","__typename":"Redirect"}],"Position":46,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"49","Name":"Flatbed","Menu":true,"ParentId":"11","Redirects":[{"Path":"/surface/trucking-news/flatbed","__typename":"Redirect"}],"Position":49,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"50","Name":"Trucking labor","Menu":true,"ParentId":"11","Redirects":[{"Path":"/surface/trucking-news/trucking-labor","__typename":"Redirect"}],"Position":47,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"12","Name":"Rail News","Menu":true,"ParentId":"2","Redirects":[{"Path":"/surface/rail-news","__typename":"Redirect"}],"Position":12,"__typename":"TaxonomyDictionary","Children":[{"Id":"51","Name":"North-American rail","Menu":true,"ParentId":"12","Redirects":[{"Path":"/surface/rail-news/north-american-rail","__typename":"Redirect"}],"Position":50,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"52","Name":"International rail","Menu":true,"ParentId":"12","Redirects":[{"Path":"/surface/rail-news/international-rail","__typename":"Redirect"}],"Position":51,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"53","Name":"Intermodal providers","Menu":true,"ParentId":"12","Redirects":[{"Path":"/surface/rail-news/intermodal-providers","__typename":"Redirect"}],"Position":52,"__typename":"TaxonomyDictionary","Children":[]}]}]},{"Id":"3","Name":"Air Cargo","Menu":true,"ParentId":null,"Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"Position":3,"__typename":"TaxonomyDictionary","Children":[{"Id":"14","Name":"Air Cargo Carriers News","Menu":true,"ParentId":"3","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"Position":13,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"13","Name":"Air Cargo Forwarder News","Menu":true,"ParentId":"3","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"Position":14,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"4","Name":"Supply chain","Menu":true,"ParentId":null,"Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"Position":4,"__typename":"TaxonomyDictionary","Children":[{"Id":"17","Name":"Logistics Technology News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"Position":15,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"20","Name":"Industrial Real Estate News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/industrial-real-estate-news","__typename":"Redirect"}],"Position":16,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"16","Name":"Transport, Trade and Regulation News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"Position":17,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"19","Name":"Last Mile News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/last-mile-news","__typename":"Redirect"}],"Position":18,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"18","Name":"Cool Cargo News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/cool-cargo-news","__typename":"Redirect"}],"Position":19,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"5","Name":"Events","Menu":true,"ParentId":null,"Redirects":[{"Path":"/events","__typename":"Redirect"}],"Position":5,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"6","Name":"Resources","Menu":true,"ParentId":null,"Redirects":[{"Path":"/resources","__typename":"Redirect"}],"Position":6,"__typename":"TaxonomyDictionary","Children":[{"Id":"21","Name":"Magazine","Menu":true,"ParentId":"6","Redirects":[{"Path":"/resources/magazine","__typename":"Redirect"}],"Position":20,"__typename":"TaxonomyDictionary","Children":[{"Id":"54","Name":"Commentary","Menu":true,"ParentId":"21","Redirects":[{"Path":"/resources/magazine/commentary","__typename":"Redirect"}],"Position":53,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"22","Name":"Newsletters","Menu":true,"ParentId":"6","Redirects":[{"Path":"/resources/newsletters","__typename":"Redirect"}],"Position":21,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"23","Name":"Multimedia","Menu":true,"ParentId":"6","Redirects":[{"Path":"/resources/multimedia","__typename":"Redirect"}],"Position":22,"__typename":"TaxonomyDictionary","Children":[{"Id":"55","Name":"Podcasts","Menu":true,"ParentId":"23","Redirects":[{"Path":"/resources/multimedia/podcasts","__typename":"Redirect"}],"Position":55,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"56","Name":"Webcasts","Menu":true,"ParentId":"23","Redirects":[{"Path":"/resources/multimedia/webcasts","__typename":"Redirect"}],"Position":56,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"57","Name":"Videos","Menu":true,"ParentId":"23","Redirects":[{"Path":"/resources/multimedia/videos","__typename":"Redirect"}],"Position":54,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"24","Name":"White Papers","Menu":true,"ParentId":"6","Redirects":[{"Path":"/resources/white-papers","__typename":"Redirect"}],"Position":23,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"25","Name":"Special Reports","Menu":true,"ParentId":"6","Redirects":[{"Path":"/resources/special-reports","__typename":"Redirect"}],"Position":24,"__typename":"TaxonomyDictionary","Children":[{"Id":"58","Name":"Annual Review and Outlook","Menu":true,"ParentId":"25","Redirects":[{"Path":"/resources/special-reports/annual-review-and-outlook","__typename":"Redirect"}],"Position":57,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"59","Name":"Top Rankings","Menu":true,"ParentId":"25","Redirects":[{"Path":"/resources/special-reports/top-rankings","__typename":"Redirect"}],"Position":58,"__typename":"TaxonomyDictionary","Children":[{"Id":"84","Name":"Top 100 US Exporters","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-100-us-exporters","__typename":"Redirect"}],"Position":81,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"85","Name":"Top 100 US Importers","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-100-us-importers","__typename":"Redirect"}],"Position":81,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"86","Name":"Top 25 LTL Trucking Companies","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-25-ltl-trucking-companies","__typename":"Redirect"}],"Position":82,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"87","Name":"Top 25 North American Ports","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-25-north-american-ports","__typename":"Redirect"}],"Position":83,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"88","Name":"Top 25 Truckload Companies","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-25-truckload-companies","__typename":"Redirect"}],"Position":84,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"89","Name":"Top 40 Container Carriers","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-40-container-carriers","__typename":"Redirect"}],"Position":85,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"90","Name":"Top 50 3PLs","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-50-3pls","__typename":"Redirect"}],"Position":86,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"91","Name":"Top 50 Global Container Ports","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-50-global-container-ports","__typename":"Redirect"}],"Position":87,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"92","Name":"Top 50 Global Transportation Providers","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-50-global-transportation-providers","__typename":"Redirect"}],"Position":88,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"93","Name":"Top 50 Trucking Companies","Menu":true,"ParentId":"59","Redirects":[{"Path":"/resources/special-reports/top-rankings/top-50-trucking-companies","__typename":"Redirect"}],"Position":89,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"60","Name":"Quarterly Intelligence Report","Menu":true,"ParentId":"25","Redirects":[{"Path":"/resources/special-reports/quarterly-intelligence-report","__typename":"Redirect"}],"Position":59,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"61","Name":"Intermodal Savings Index","Menu":true,"ParentId":"25","Redirects":[{"Path":"/resources/special-reports/intermodal-savings-index","__typename":"Redirect"}],"Position":60,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"62","Name":"Domestic Intermodal Service Scorecard","Menu":true,"ParentId":"25","Redirects":[{"Path":"/resources/special-reports/domestic-intermodal-service-scorecard","__typename":"Redirect"}],"Position":61,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"63","Name":"Breakbulk Quarterly Intelligence","Menu":true,"ParentId":"25","Redirects":[{"Path":"/resources/special-reports/breakbulk-quarterly-intelligence","__typename":"Redirect"}],"Position":62,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"64","Name":"Platts Containers Update","Menu":true,"ParentId":"25","Redirects":[{"Path":"/resources/special-reports/platts-containers-update","__typename":"Redirect"}],"Position":63,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"26","Name":"Press Releases","Menu":true,"ParentId":"6","Redirects":[{"Path":"/resources/press-releases","__typename":"Redirect"}],"Position":25,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"27","Name":"Media Kit","Menu":true,"ParentId":"6","Redirects":[{"Path":"/resources/media-kit","__typename":"Redirect"}],"Position":26,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"28","Name":"Other","Menu":true,"ParentId":"6","Redirects":[{"Path":"/resources/other","__typename":"Redirect"}],"Position":27,"__typename":"TaxonomyDictionary","Children":[]}]},{"Id":"7","Name":"Gateway","Menu":true,"ParentId":null,"Redirects":[{"Path":"/gateway","__typename":"Redirect"}],"Position":7,"__typename":"TaxonomyDictionary","Children":[]}],"pageSpecificProps":{"heading":"Supply chain","subHeading":null,"description":"Stay updated on supply chain strategies, cargo visibility, inventory trends and more with our comprehensive supply chain news and analysis.","topics":[{"Id":"17","Name":"Logistics Technology News","Menu":true,"MetaTitle":"Logistics Technology News | Journal of Commerce","MetaDescription":"Our logistics technology news include logistics technology startups, solutions, and the impact of technology on logistics and supply chain management.","JocCategories":"Logistics Technology News","ParentId":"4","Position":15,"Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"20","Name":"Industrial Real Estate News","Menu":true,"MetaTitle":"Industrial Real Estate News | Journal of Commerce","MetaDescription":"Discover the latest industrial real estate news and trends. Covering projects, real estate supply chain, logistics, pricing, cross dock facilities, and more.","JocCategories":"Industrial Real Estate News","ParentId":"4","Position":16,"Redirects":[{"Path":"/supply-chain/industrial-real-estate-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Menu":true,"MetaTitle":"Transport, Trade and Regulation News | Journal of Commerce","MetaDescription":"Stay informed with the latest regulation news and trade updates. Explore comprehensive transportation news and trade regulations today.","JocCategories":"Transport, Trade and Regulation News","ParentId":"4","Position":17,"Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"19","Name":"Last Mile News","Menu":true,"MetaTitle":"Last Mile News | Journal of Commerce","MetaDescription":"Journal of Commerce keeps you informed on the latest last mile news with comprehensive coverage of carriers, logistics, and last mile transportation solutions.","JocCategories":"Last Mile News","ParentId":"4","Position":18,"Redirects":[{"Path":"/supply-chain/last-mile-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"18","Name":"Cool Cargo News","Menu":true,"MetaTitle":"Cool Cargoes News | Journal of Commerce","MetaDescription":"A thorough cool cargoes news by Journal of Commerce. Learn about the latest trends in refrigerated cargo transportation, weight capacity, technology, and more.","JocCategories":"Cool Cargo News","ParentId":"4","Position":19,"Redirects":[{"Path":"/supply-chain/cool-cargo-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"breadcrumbs":[{"Id":"4","Name":"Supply chain","Menu":true,"ParentId":null,"Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"Position":4,"__typename":"TaxonomyDictionary","Children":[{"Id":"17","Name":"Logistics Technology News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"Position":15,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"20","Name":"Industrial Real Estate News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/industrial-real-estate-news","__typename":"Redirect"}],"Position":16,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"16","Name":"Transport, Trade and Regulation News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"Position":17,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"19","Name":"Last Mile News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/last-mile-news","__typename":"Redirect"}],"Position":18,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"18","Name":"Cool Cargo News","Menu":true,"ParentId":"4","Redirects":[{"Path":"/supply-chain/cool-cargo-news","__typename":"Redirect"}],"Position":19,"__typename":"TaxonomyDictionary","Children":[]}]}],"firstSection":[{"Id":"5833589_JournalOfCommerce","Attachments":[{"FileName":"5833574_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eFrom its origins over a decade ago, NYSHEX, founded and led by Gordon Downes, has always aimed to advance a simple yet stubbornly elusive concept in container shipping: integrity of contracts. \u003c/p\u003e\u003cp\u003eIncomprehensible to outsiders, signed contracts — many pages long and vetted by lawyers — are unenforceable when confronted by the real-world forces of supply and demand and volatile pricing. \u003c/p\u003e\u003cp\u003e“The big problem that prompted us to start NYSHEX is contracts in our industry don’t perform,” Downes told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eIn many cases, the shipper or carrier fails to live up to the contract terms, whether that be a carrier unwilling to provide vessel space or a shipper steering cargo to other carriers or non-vessel-operating common carriers (NVOs) to obtain a lower rate, thus failing to deliver the agreed-upon volumes. \u003c/p\u003e\u003cp\u003eTriggers for failed contracts occur when spot rates deviate significantly from contract rates and carriers blank sailings or omit ports on short notice due to changes in demand, creating shortfalls in available capacity. Downes said ocean container contracts have just a 65% fulfillment rate. \u003c/p\u003e\u003cp\u003eAlthough such practices undermine trust and stress relationships to the breaking point, no scenario results in serious consequences for the offending party. Litigation or government enforcement remain rare outside of a tiny handful of highly publicized cases. \u003c/p\u003e\u003cp\u003eOriginally, NYSHEX, founded by Downes in 2015 “to solve the problem of poor contract fulfillment,” aimed to create an exchange whereby mutually committed — meaning enforceable — contracts could be executed by shippers, NVOs and carriers under full approval of the US Federal Maritime Commission (FMC) and the auspices of the NYSHEX brand. To the limited extent the market availed itself of such contracts, they worked: in the vast majority of cases, both parties lived up to what they committed to. Still, the penalties meant to ensure compliance “can put a lot of strain on relationships, especially when the spot rates are so volatile,” Downes said. \u003c/p\u003e\u003cp\u003eBut while the concept found some uptake, demand was cyclical and could not overcome at scale the market forces that, in peculiar container shipping mentality, frequently lead each side to seek near-term pricing gain, if it is to be had, at the expense of longer-term certainty of space or volumes. \u003c/p\u003e\u003cp\u003eWhether it’s an obsessively procurement-based mindset on the part of shippers in seeking to drive prices lower whenever possible, or carriers seeing better opportunities on the spot market, sacrifices in pursuit of certainty have yet to take hold on an industrywide level. \u003c/p\u003e\u003cp\u003eIf there was ever a moment for that mentality to be challenged, it was the pandemic, which showed shippers how quickly and painfully vessel space can dry up in a crisis. And yet the problem remains. \u003c/p\u003e\u003ch3\u003eNew technology and products\u003c/h3\u003e\u003cp\u003eBut NYSHEX persevered with its original vision, even if that meant applying it in new ways. The company developed technology that enables parties to monitor contract performance, drawing them into a real-time collaborative environment where issues can be identified and resolved on the spot, versus after the fact during increasingly infrequent quarterly performance reviews. In other words, if contracts can be mutually monitored in real time, the odds are better the parties will comply. \u003c/p\u003e\u003cp\u003eNow NYSHEX is delving yet further into solving the fundamental problem: promoting the use of index-linked contracts as a way to build contract integrity and certainty into ocean container supply chains. \u003c/p\u003e\u003cp\u003eIn announcing a Series C funding round last week, NYSHEX made a strong statement that there is traction in the idea, however long it may have been around. The funding round attracted participation from existing investors, including Goldman Sachs, and new ones, including the Intercontinental Exchange (NYSE:ICE), a leading exchange operator which will calculate the new indices based on actual rates paid by shippers. Other container freight rate indices tend to be based on traditional price discovery performed by analysts. It said it will launch a new series of indices and tools to administer index-linked contracts. \u003c/p\u003e\u003cp\u003eThe question, then, is whether index-linked contracts are able to move the industry forward in addressing the continuing core problem of a lack of contract integrity. \u003c/p\u003e\u003cp\u003eLinking pricing to an index means shippers’ rates face less risk of falling out of the range of prevailing rates and cargo being left behind at origin. But there is less budget certainty which clashes with annual budgeting cycles at beneficial cargo owners (BCOs). And while there are futures contracts traded, such as an active market of day traders on the Shanghai International Energy Exchange (INE China), which launched trading in a Containerized Freight Index Futures Contract in 2023, they haven’t built the liquidity or credibility to be of interest to BCO finance teams who would engage in hedging against adverse movements in ocean rates. And carriers have been outspoken about their declining interest in container freight futures. \u003c/p\u003e\u003cp\u003eIndex-linked contracts have a history of going in and out of fashion; they fell into fashion during the pandemic when shippers were desperate for space but fell out once the extremes of the disruptions were over. Also holding back index-linked contracts are shipper and carrier lawyers needing to come to agree on terms and conditions, frequently a difficult hurdle to overcome. \u003c/p\u003e\u003cp\u003eNow, amid a continuing tight market fueled by Red Sea reroutings and robust 2024 volumes, there is more talk of using index-linked contracts. But just as it was before, that could just be cyclical. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Peter Tirschwell at \u003c/i\u003e\u003ca href=\"mailto:peter.tirschwell@spglobal.com\"\u003e\u003ci\u003epeter.tirschwell@spglobal.com\u003c/i\u003e\u003c/a\u003e.\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The COVID-19 pandemic showed shippers just how quickly and painfully vessel space can dry up in a crisis. Photo credit: GreenOak / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1732654040583","Taxonomy":{"MainCategory":[{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Peter Tirschwell","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732649662000","TitlePlainText":"NYSHEX keeps core vision while evolving in volatile container shipping market","Published":true,"Redirects":[{"Path":"/article/nyshex-keeps-core-vision-while-evolving-in-volatile-container-shipping-market-5833589","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eNYSHEX is making a renewed effort to solve the fundamental problem of ocean container supply chains, promoting the use of index-linked contracts to build contract integrity and certainty. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"NYSHEX is making a renewed effort to solve the fundamental problem of ocean container supply chains, promoting the use of index-linked contracts to build contract integrity and certainty.","__typename":"Document"},{"Id":"5824246_JournalOfCommerce","Attachments":[{"FileName":"5824245_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eProviders of hardware and software that allow shipping lines to equip dry containers with sensor technology have partnered in a new alliance to combat drug smugglers using container shipping to transport cocaine from South America to Europe and North America. \u003c/p\u003e\u003cp\u003eThe alliance includes providers Traxens, Nexxiot, Hoopo, Orbcomm and GlobeTracker, all of whom already supply shipping lines with internet of things (IoT) devices installed on dry or reefer containers. \u003c/p\u003e\u003cp\u003e“This alliance aims to ensure interoperability of our solutions, enabling stakeholders such as customs, [beneficial cargo owners], and shipping lines to deploy tools immediately in the fight against smuggling and container contamination,” Traxens CEO Cedric Rosemont told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eSensors from Nexxiot and Orbcomm are being implemented in Hapag-Lloyd’s entire dry container fleet, while Zim Integrated Shipping Services has committed to a similar initiative with Hoopo. GlobeTracker has a number of shipping line customers for its reefer tracking hardware and Traxens provides the devices that underpin Mediterranean Shipping Co.’s on-demand service for shippers. \u003c/p\u003e\u003cp\u003eThe alliance has built upon MSC’s deployment of Traxens’ products to combat illicit trade, Rosemont said. \u003c/p\u003e\u003cp\u003eInteroperability between smart container device providers has been a key initiative, especially as different shipping lines partner with various device makers. Another provider, Sony, was chosen by Ocean Network Express (ONE) to equip its entire dry box fleet. \u003c/p\u003e\u003cp\u003eIn a white paper released this month, the alliance described how containers are increasingly being used to transport cocaine from ports in Colombia, Ecuador, Peru, Chile, Brazil and Panama through key gateways in Europe, often via transshipment in West Africa. \u003c/p\u003e\u003cp\u003eThe paper also highlighted the different methods and legitimate trades used to hide illegal drugs in containers. The banana trade, for instance, is often used as a vehicle for such illicit shipments. \u003c/p\u003e\u003cp\u003e“The goods affected by the contamination are usually the top exports from the relevant countries,” the white paper said. “For example, Ecuador ships 338,000 containers of bananas each year. In 2022, 60% of the seizures made in Ecuadorian ports were made in banana shipments, and 70% of the banana shipments inspected contained cocaine.” \u003c/p\u003e\u003cp\u003eThe most popular technique, the white paper said, involves traffickers opening a stuffed container by breaking the container seal, throwing bags of cocaine inside and putting a replica seal in place, with port workers often bribed or forced to participate while the container is waiting to be loaded. \u003c/p\u003e\u003ch3\u003e‘Full fleet’ coverage \u003c/h3\u003e\u003cp\u003eThe discussion around more container lines equipping their dry box fleets has largely been centered around the impact of carriers better managing their assets or of serving the needs of shippers with high-value goods. But additional reasons for doing so involve existing security concerns such as smuggling or the threat of future regulations, according to a November report on smart container adoption by the consultant Roland Berger \u003c/p\u003e\u003cp\u003e“Certain carriers have invested in a fleet of smart containers to combat drug trafficking, achieving notable success,” the report said. “As governments intensify efforts to combat smuggling and terrorism, it is likely that future regulations, especially in regions with heightened security concerns, will mandate the use of smart containers to ensure the safety and security of goods in transit.” \u003c/p\u003e\u003cp\u003eKey to the progression of smart container adoption is a shift that the Berger report described as going from an “equipment-on-demand” model to a “full fleet coverage” model. \u003c/p\u003e\u003cp\u003eWhen the industry reaches a critical mass around dry boxes is a source of debate. The Digital Container Shipping Association (DCSA), a nonprofit consortium founded by shipping lines to develop industry standards, has issued guidelines for interoperable smart container tracking that shipping lines can adopt. The DCSA has also worked with many of the smart container device makers to ensure shippers and forwarders can use their products in an interoperable manner. \u003c/p\u003e\u003cp\u003eAccording to shipping consultant Drewry, almost 5 million dry units will be equipped with telematics by 2028, up from approximately 2 million by the end of 2024. \u003c/p\u003e\u003cp\u003e“A single large carrier changing its smart container strategy could significantly impact the numbers,” Ferenc Pasztor, head of ports and specialized shipping research at Drewry, said in the Berger report. “The same is true regarding the physical constraints of installing devices in such high numbers.\" \u003c/p\u003e\u003cp\u003eRosemont said smart containers have already proved their efficacy in highlighting smuggling rings. \u003c/p\u003e\u003cp\u003e“Since 2022, smart containers have been instrumental in seizing over 30 tons of illicit drugs,” he said. “With expanded deployments and increased collaboration across the industry, these results could grow exponentially.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Interoperability among container tracking device platforms has been a key priority for vendors and cross-industry associations in recent years. Photo credit: hxdbzxy / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1732566915513","Taxonomy":{"MainCategory":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"40","Name":"Port infrastructure","Redirects":[{"Path":"/maritime/port-news/port-infrastructure","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732565894000","TitlePlainText":"Smart container vendors create alliance to tackle drug smuggling threat","Published":true,"Redirects":[{"Path":"/article/smart-container-vendors-create-alliance-to-tackle-drug-smuggling-threat-5824246","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe use cases for sensor-enabled container fleets could expand if shipping lines see such hardware as a legitimate tool to combat the threat of illicit goods movement. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The use cases for sensor-enabled container fleets could expand if shipping lines see such hardware as a legitimate tool to combat the threat of illicit goods movement.","__typename":"Document"},{"Id":"5822904_JournalOfCommerce","Attachments":[{"FileName":"5822886_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eUS retailers are telling investors that after successfully managing the three-day port strike along the East and Gulf coasts in early October, they’re prepared to navigate whatever operational challenges arise from the higher tariffs on Chinese goods that President-elect Donald Trump has promised for his second term. \u003c/p\u003e\u003cp\u003eRalph Lauren, Williams Sonoma and Target, during their respective third-quarter earnings calls, highlighted how they diverted cargoes to West Coast ports ahead of the Oct. 1 expiration of the labor contract between the International Longshoremen’s Association (ILA) and maritime employers. Ralph Lauren said it tapped air cargo transport in the days before the strike to ensure it had key products on hand. \u003c/p\u003e\u003cp\u003eFollowing the tentative deal that ended the brief strike, the three retailers said they are now monitoring developments ahead of the Jan. 15 expiration of that extended pact. ILA last week announced it \u003ca href=\"https://www.joc.com/article/ila-breaks-off-contract-talks-accuses-usmx-of-semi-automation-push-5810392\"\u003epulled out of negotiations\u003c/a\u003e over what it said was a desire by employers to introduce semi-automated equipment at marine terminals. \u003c/p\u003e\u003cp\u003eThe cargo diversions to the West Coast “came at a cost, but allowed us to be well-positioned for our guests through the strike and into the holiday season,” Target CFO Michael Fiddelke said during a Nov. 20 earnings call. \u003c/p\u003e\u003cp\u003e”Thankfully, the strike was short-lived,” he added. “We’ll continue to watch the situation closely in the lead up to continued negotiations in January.” \u003c/p\u003e\u003cp\u003eUS inventories in comparison to sales have risen this fall as shippers experience an extended peak season highlighted by frontloading linked to renewed ILA strike threats, the \u003ca href=\"https://www.joc.com/article/us-importers-dabbling-in-frontloading-ahead-of-new-tariff-threat-5821448\"\u003eanticipation of higher US tariffs\u003c/a\u003e on Chinese retail imports and a shorter post-holiday period due to an earlier Lunar New Year. \u003c/p\u003e\u003ch3\u003eRetail inventories rising\u003c/h3\u003e\u003cp\u003e\u003c/p\u003e\u003cp\u003eThe ratio of US retail inventories to sales climbed to 1.42 in September from 1.27 in August, according to US Census Bureau data. The 1.42 level, also observed in February 2023 and February 2021, is the highest since 1.69 in April 2020 at the outset of the pandemic.\u003c/p\u003e\u003cp\u003eFacing Trump’s threat of tariffs on Chinese goods of more than 60%, retailers took pains on earnings calls to stress the limits of their exposure to Chinese sourcing because of multiyear preparation to diversify away from the world’s largest factory. \u003c/p\u003e\u003cp\u003eWilliams Sonoma has mapped out its various product lines and will evaluate sourcing by tariffs levels and alternatives, CFO Jeff Howie told investors Wednesday. The high-end home furnishing retailer can also lean on domestic manufacturing plants in North Carolina, Mississippi and Oregon, and will considering front-loading some goods from China early next year to avoid tariffs, he said. \u003c/p\u003e\u003cp\u003e”I just want to remind everyone that it’s not our first time at this,” Howie said. “We’ve always been a leader and proactively responded to changes in the trade environment. \u003c/p\u003e\u003cp\u003e”There’s a lot of change since the last time this came up,” he added. “We’ve significantly reduced our China-sourced goods from 50% to 25% over the last few years.” \u003c/p\u003e\u003cp\u003eLowe’s has been working its suppliers in recent years to diversify away from China, giving it confidence that the company can handle “whatever it is that gets thrown as us,” said Bill Boltz, the company’s executive vice president of merchandising. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Mark Szakonyi at \u003c/i\u003e\u003ca href=\"mailto:mark.szakonyi@spglobal.com\"\u003e\u003ci\u003emark.szakonyi@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"US inventories in comparison with sales have risen this fall as shippers prepare for extended peak season, strike and tariff threats, and a shorter post-holiday period due to an earlier Lunar New Year. Photo credit: Alvarez / Getty Images. ","__typename":"Metadata"},"ModDate":"1732306387943","Taxonomy":{"MainCategory":[{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"10","Name":"Port News","Redirects":[{"Path":"/maritime/port-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"38","Name":"Trans-Pacific","Redirects":[{"Path":"/maritime/container-shipping-news/trans-pacific","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Mark Szakonyi, Executive Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732305202000","TitlePlainText":"US retailers prepare for new ILA strike threat, tariffs on China imports","Published":true,"Redirects":[{"Path":"/article/us-retailers-prepare-for-new-ila-strike-threat-tariffs-on-china-imports-5822904","__typename":"Redirect"},{"Path":"/article/us-retailers-prepare-for-ila-new-strike-threat-tariffs-on-china-imports-5822904","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eMajor retailers such as Ralph Lauren and Target say they successfully mitigated disruptions from the early October port strike and are ready for the next labor threat and the fallout from likely higher tariffs on Chinese goods. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Major retailers such as Ralph Lauren and Target say they successfully mitigated disruptions from the early October port strike and are ready for the next labor threat and the fallout from likely higher tariffs on Chinese goods.","__typename":"Document"},{"Id":"5822867_JournalOfCommerce","Attachments":[{"FileName":"5822872_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eSoftware vendors Freightos and e2open have integrated their systems to help forwarders access dynamic air freight rates within Freightos’ rate database and make associated electronic bookings on those rates. \u003c/p\u003e\u003cp\u003eThe integration embeds Freightos’ WebCargo booking tool into e2open’s transportation management system (TMS). \u003c/p\u003e\u003cp\u003e“It will cut down on manual entry and give our team real-time access to rates and bookings within the TMS, helping us respond faster to client needs and eliminate the back-and-forth that used to slow us down,” Megan Kelley, vice president of enterprise applications at Crane Worldwide Logistics, one of the companies that’s been trialing the integration, said in a statement Thursday. \u003c/p\u003e\u003cp\u003eWebCargo has become a dominant player in the airfreight technology space, predominantly by enabling forwarders and air cargo airlines to connect with one another digitally to transmit rates and bookings. \u003c/p\u003e\u003cp\u003ee2open is a widely used supply chain software provider that has acquired a number of TMS solutions over the past five years serving different modes, including air. The company has an internal ocean freight booking capability through its 2018 acquisition of INTTRA. The software provider is very partner-friendly, adding integrations to visibility providers, freight brokers, freight procurement tools and payment systems to support its planning and execution tools. \u003c/p\u003e\u003cp\u003eFreightos CEO Zvi Schreiber said in the statement that Freightos’ goal is to “deliver better cargo pricing and booking to our global forwarders wherever they work, whether it's through our [application programming interfaces] for their own systems, with integrations to third-party solutions, or on our platform.” \u003c/p\u003e\u003cp\u003eFreightos’ customers include shippers Electrolux and ABB, forwarders FedEx, UPS and Scan Global Logistics, as well as carriers American Airlines Cargo, Qatar Airways Cargo and Emirates SkyCargo. \u003c/p\u003e\u003cp\u003ee2open’s customers include shippers L’Oreal and Leggett \u0026amp; Platt and forwarders such as Geodis and Leschaco. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":false,"FeatureImageCopyright":"Crane Worldwide Logistics, a pilot customer of the Freightos-e2open airfreight integration, said the move will cut down on manual data entry related to bookings. Photo credit: Bjoern Wylezich / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1732303328327","Taxonomy":{"MainCategory":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732301239000","TitlePlainText":"Freightos, e2open link up on airfreight e-bookings for forwarders","Published":true,"Redirects":[{"Path":"/article/freightos-e2open-link-up-on-airfreight-e-bookings-for-forwarders-5822867","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eBy connecting to forwarder-customers of software vendor e2open, Freightos is continuing its push to develop electronic booking capability in the air freight industry.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"By connecting to forwarder-customers of software vendor e2open, Freightos is continuing its push to develop electronic booking capability in the air freight industry.","__typename":"Document"},{"Id":"5821531_JournalOfCommerce","Attachments":[{"FileName":"5821526_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eIt’s been more than three years since the last major consolidation within the real-time transportation visibility market, a period in which urgency from shippers around granular insights into global shipments has dampened but not disappeared. \u003c/p\u003e\u003cp\u003eNot since project44 acquired ClearMetal, Ocean Insights and Convey and FourKites acquired Haven in 2021 has there been an appreciable shrinking of the vendor list in the visibility market. Instead, standalone vendors such as Shippeo, Overhaul, Vizion, Terminal49, OpenTrack, Wakeo and Portcast all coexist alongside project44 and FourKites. \u003c/p\u003e\u003cp\u003eFor shippers, this means there is still a catalog of vendors from which to choose depending on their needs, which split along modal, geographic and predictive capabilities. That’s especially significant given that one provider estimates fewer than 20% of shippers and third-party logistics providers (3PLs) are currently using supply chain visibility technology. \u003c/p\u003e\u003cp\u003eBut it also means the visibility market as a whole is on somewhat unsteady ground; it’s unclear whether acquisitions can or will occur, or whether some providers will go under, leaving customers to find alternative data sources. \u003c/p\u003e\u003cp\u003eNearly every vendor in the sector has undertaken layoffs, executive reshuffles or both in the last two years, but they’re all still standing. That begs the question: is the current market structure sustainable, or will the category be reshaped by mergers, acquisitions or closures. \u003c/p\u003e\u003cp\u003e“The world does not need 100-plus visibility platforms, but it instead needs a few large, networked platforms per region and mode,” said Bart de Muynck, a strategic advisor to logistics technology companies, including project44, and a former analyst with Gartner who focused on the visibility market. “Just as we don’t need hundreds of telecommunications providers, but a handful of large vendors with global coverage.” \u003c/p\u003e\u003ch3\u003eA difficult M\u0026amp;A market \u003c/h3\u003e\u003cp\u003eDe Muynck, who spent 18 months as an executive with project44 until 2023, said he expects the market will consolidate, not due to acquisitions, “but smaller vendors running out of funds and leaving the market or changing their focus.” \u003c/p\u003e\u003cp\u003eThere are a few challenges facing the market in terms of consolidation. One major hurdle is the massive funding rounds that some of the largest providers took before and during the COVID-19 pandemic, investments that resulted in sky-high company valuations. \u003c/p\u003e\u003cp\u003eAs the pandemic-induced surge in freight demand — and resulting supply chain disruption — receded in the second half of 2022 and the first half of 2023, so did the market for real-time visibility. And although the market has recovered, some of those large valuations are proving difficult to justify, a dynamic made more difficult by the continued presence of multiple vendors in the market. \u003c/p\u003e\u003cp\u003eThe multitude of options for shippers also fosters competition among venders, forcing them to invest in product engineering and marketing to differentiate themselves and putting downward pressure on pricing and contract lengths. \u003c/p\u003e\u003cp\u003eCompanies with once-large valuations that are currently lower are naturally more difficult to sell because investors want a return based on the valuation in which they invested. But potential buyers are aware that other options exist in the market. Further, a potential buyer might decide that using a given visibility product makes more sense than purchasing the company that owns it, or that it could build a similar product in-house for less. \u003c/p\u003e\u003cp\u003eAll these factors are leading to market stasis. project44 is the largest provider and has the largest geographic footprint, with FourKites a close second. Paris-based Shippeo is attempting to expand into North America, building on its solid customer base in Europe. The others tend to be focused more narrowly on international transportation visibility. \u003c/p\u003e\u003ch3\u003eBest-in-breed vs. one-stop shop \u003c/h3\u003e\u003cp\u003eThe market is further clouded by the existence of other types of visibility vendors. There are hardware-focused providers that deploy devices on containers, pallets or individual products, such as Tive, Roambee, Traxens, and Nexxiot, as well as logistics software providers including Infor Nexus, E2open, Transporeon and Gnosis Freight that offer visibility as part of a broader suite of technology products. Gnosis, for example, provides visibility data to a number of other software vendors, including some real-time visibility providers. \u003c/p\u003e\u003cp\u003eOne theory for the lack of consolidation is that there actually is enough demand for all the standalone visibility providers to prosper because the pandemic recalibrated shippers’ needs for such data. \u003c/p\u003e\u003cp\u003e“Each mode of transportation has deep specificities, so today there is no ‘one size fits all,’” said Julien Cote, CEO of Wakeo. “And global organizations have different buying teams — one for intercontinental, one for local road transport in North America and one for European road transport — so the one-stop-shop approach has limitations both from a buyer and product perspective.” \u003c/p\u003e\u003cp\u003eCote said the reality that most shippers take a patchwork approach to visibility based on mode and geography is part of what’s keeping many vendors in the game. \u003c/p\u003e\u003cp\u003e“Vendors tend to coexist,” he said. “Typically, many of our customers, like Michelin, use Wakeo for all their intercontinental flows, and then locally they can be using p44 for road in North America. In the end, several companies can prosper.” \u003c/p\u003e\u003cp\u003eCote compared the current landscape to that of a transportation management system (TMS) market, where “many people thought a large player like SAP would consolidate the end-to-end supply chain. In reality, we’re far from this, and the best-of-breed approach took over the one-stop-shop play.” \u003c/p\u003e\u003cp\u003eMelding data from more than one visibility provider means shippers, or their 3PL partners, need to be adept at integrating and normalizing tracking data across modes, or use a platform that specializes in logistics data integrations. \u003c/p\u003e\u003cp\u003eThat’s not as difficult a task as it was in previous generations of logistics software. Most visibility providers already integrate with widely used TMSs, and some even plug directly into enterprise resource planning (ERP) systems so shippers can use visibility data in functional areas outside of logistics. \u003c/p\u003e\u003cp\u003e“It’s really not a big issue for clients,” Cote said. “Via APIs, they can still connect everything back to the ERP, but this means you need good IT architects and integration teams.” \u003c/p\u003e\u003ch3\u003eA problem of profitability \u003c/h3\u003e\u003cp\u003eBeyond the technical lift of combining data from multiple visibility providers, there is a sense that more vendors are good for the market. Logistics has a natural predilection for fragmentation, evidenced by the tens of thousands of 3PLs, trucking companies and software providers that serve shippers. \u003c/p\u003e\u003cp\u003e“Lack of consolidation means there’s more competition,” said Akshay Dodeja, CEO of Terminal49. “There’s more appetite to continue to innovate, to improve the quality of the data and the user experience. \u003c/p\u003e\u003cp\u003e“It’s an old industry that we’re trying to evolve and change, and it’s going to take some time,” he added. “There’s a linear increase in technology improvement instead of an exponential increase.” \u003c/p\u003e\u003cp\u003eBut competition — at least in theory — creates winners and losers, leaving the question of whether all these vendors can survive in their current forms very much unanswered. \u003c/p\u003e\u003cp\u003eFourKites told the \u003ci\u003eJournal of Commerce\u003c/i\u003e it is currently profitable, but none of the other vendors have yet to reach that milestone. With all but project44 likely too small to consider a public offering, the only viable options are to trim costs and win more business until they become profitable or find an acquirer. \u003c/p\u003e\u003cp\u003eDe Muynck said the latter would be difficult. “A lot of the functionality is not differentiated, and so there is no upside for a larger vendor to acquire a smaller vendor,” he said. \u003c/p\u003e\u003cp\u003eBrian Glick, CEO of logistics systems integrations specialist Chain.io, which is tasked with connecting many of the visibility providers to shippers’ and 3PLs’ execution systems, agreed. \u003c/p\u003e\u003cp\u003e“I don’t know why a visibility company would buy another one at this point,” he said. “The original set of acquisitions were about getting coverage for different modes and geographies. Now, it would be more about buying customer lists. I don’t think the smaller ones have a big enough reach to make their customer lists interesting enough for the big ones. I think the big ones are too highly valued to sell to each other.” \u003c/p\u003e\u003cp\u003eGlick said he also doesn’t think other software companies or 3PLs would be willing to meet current valuations to “buy a shortcut to what they’d see as a feature in their suite. If I’m [TMS provider] Blue Yonder, I’d argue that I could build any visibility provider’s functionality for a lot less than what I’d pay to buy them.” \u003c/p\u003e\u003cp\u003eAnother technical challenge to market consolidation is that previous platform combinations haven’t really helped the market concentrate. They’ve either extended the modal or geographical reach of a vendor, or added to their customer list, but the market fragmentation persisted. \u003c/p\u003e\u003cp\u003e“The multiples on our revenue or some of our competitors’ would be high enough that a project44 or FourKites, which already has these capabilities, does not have the cash to acquire other companies,” Dodeja said. “And the founders would not settle for lower multiples in a sale as long as they have money in the bank and they continue to go win in the market.” \u003c/p\u003e\u003cp\u003eDodeja said visibility providers are in “capital preservation mode” and that companies on the top end of the market no longer have the growth rate to raise huge amounts of capital needed to fund acquisitions. \u003c/p\u003e\u003cp\u003e“Raising growth equity rounds right now is effectively impossible, unless you are growing extremely fast,” he said. “And the struggle that logistics tech companies had in 2022–23, where if you look at their metrics, they might not look as appealing to a potential buyer.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"One provider estimates fewer than 20% of shippers and 3PLs are currently using supply chain visibility technology. Photo credit: APChanel / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1732204758613","Taxonomy":{"MainCategory":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"44","Name":"International ports","Redirects":[{"Path":"/maritime/port-news/international-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"47","Name":"Truckload","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732197600000","TitlePlainText":"Lack of consolidation driving freight visibility differentiation, competition","Published":true,"Redirects":[{"Path":"/article/lack-of-consolidation-driving-freight-visibility-differentiation-competition-5821531","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eA dearth of consolidation means there are still plenty of visibility vendors for shippers to choose from, but it also means the market as a whole is on somewhat unsteady ground. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"A dearth of consolidation means there are still plenty of visibility vendors for shippers to choose from, but it also means the market as a whole is on somewhat unsteady ground.","__typename":"Document"}],"secondSection":[{"Id":"5821502_JournalOfCommerce","Attachments":[{"FileName":"5821512_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eA regulation that would let US trucking companies access and review rates shippers pay to brokers is moving closer to the books, despite protests by logistics providers. \u003c/p\u003e\u003cp\u003eThe Federal Motor Carrier Safety Administration (FMCSA) released a proposed rule Wednesday that would amend freight broker recordkeeping requirements established by the Interstate Commerce Commission (ICC) in the 1940s and last amended in 1980. \u003c/p\u003e\u003cp\u003eThe proposed rule, four years in the making, could create conflict between brokers and shippers that insist on non-disclosure clauses in their contracts. Its potential impact on truckload spot rates is unclear, especially in a market still flush with capacity. \u003c/p\u003e\u003cp\u003e“Some motor carriers believe that increased broker transparency would have a material effect on negotiated freight rates,” the FMCSA said in its proposed rulemaking, published in the \u003ca href=\"https://www.govinfo.gov/content/pkg/FR-2024-11-20/pdf/2024-27115.pdf\"\u003eNov. 20 Federal Register\u003c/a\u003e. \u003c/p\u003e\u003cp\u003e“The agency believes that other market factors, rather than the availability of additional information through broker transparency, are likely dominant in setting freight rates.” \u003c/p\u003e\u003cp\u003eThe rulemaking would require brokers to keep electronic records of their freight transactions and make those records available to carriers and shippers electronically within 48 hours of a request. \u003c/p\u003e\u003cp\u003eThe FMCSA is also proposing standards for those transactional records, requiring them to contain all charges and payments connected to the shipment, including a description, amount and date, as well as any claims filed by shippers for damages or delays. \u003c/p\u003e\u003cp\u003eThe proposal did not outright ban clauses in carrier contracts with brokers waiving what the regulation defines as a “right to review” transaction data. Instead, it changes that carrier “right” to a broker “regulatory obligation” to provide the data. \u003c/p\u003e\u003cp\u003eThat may negate waivers imposed by brokers, and possibly non-disclosure agreements with shippers. “A regulated entity must adhere to the regulations and cannot disguise its regulatory obligations as contractual ones,” the FMCSA said in its proposal. \u003c/p\u003e\u003ch3\u003eA deep-rooted dispute \u003c/h3\u003e\u003cp\u003eThe rulemaking is rooted in long-running disputes that owner-operators and small trucking firms have with freight brokers over broker margins and rates paid to carriers. \u003c/p\u003e\u003cp\u003eIn the first half of 2020, when spot rates plunged to as low as $1.32 per mile during the COVID-19 pandemic, many small truckers protested what they claimed was “price gouging” or profiteering by brokers. \u003c/p\u003e\u003cp\u003eThose protests led to rulemaking petitions from the Owner-Operator Independent Drivers Association (OOIDA) and the Small Business in Transportation Coalition (SBTC). The FMCSA accepted those petitions and began work on the proposed rule. \u003c/p\u003e\u003cp\u003e“We appreciate that FMCSA incorporated input from our petition, including a requirement to make records available electronically and emphasizing that brokers have a duty to comply with regulations,” OOIDA President Todd Spencer said in a statement. \u003c/p\u003e\u003cp\u003eBut the Transportation Intermediaries Association (TIA), representing brokers and third-party logistics providers, blasted the proposal, calling it “un-American.” \u003c/p\u003e\u003cp\u003e“This rule has no place in today’s highly transparent marketplace,” TIA said in a statement. “Regulations like these threaten to erode the foundations of American capitalism, stifling innovation and efficiency.” \u003c/p\u003e\u003ch3\u003eMeasuring profit margins \u003c/h3\u003e\u003cp\u003eIt’s no secret that the rates shippers pay to brokers are higher than the rates brokers pay carriers. The difference between those rates is the broker’s gross profit margin. \u003c/p\u003e\u003cp\u003eThe \u003ci\u003eJournal of Commerce\u003c/i\u003e average shipper paid spot rate in October was $2.19 per mile, including fuel surcharges. The DAT Freight \u0026amp; Analytics average US dry van rate with fuel surcharges was $2.02 per mile in the same period — revealing a 17-cent difference. \u003c/p\u003e\u003cp\u003eThe proposed rule would allow carriers to examine that margin by transaction. If a carrier argues a broker’s margin on a particular load was too high, that carrier could ask for a higher rate for future loads, but the broker could also simply offer loads to another carrier. \u003c/p\u003e\u003cp\u003eBrokers argue that the market sets rates. In 2020, as in 2024, there was more supply in the form of drivers and carriers than there was demand for freight, which depressed rates. \u003c/p\u003e\u003cp\u003eThe FMCSA did not rule out the possibility that motor carriers and shippers could use broker transparency information in rate negotiation with brokers, but will seek further comment on the issue. Comments on the proposal are due on Jan. 21, 2025. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact William B. Cassidy at \u003c/i\u003e\u003ca href=\"mailto:bill.cassidy@spglobal.com\"\u003e\u003ci\u003ebill.cassidy@spglobal.com\u003c/i\u003e\u003c/a\u003e.\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The Federal Motor Carrier Safety Administration is still seeking comments on how the proposed broker rules could affect truckload pricing. Photo credit: Vitpho / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1732140974753","Taxonomy":{"MainCategory":[{"Id":"2","Name":"Surface","Redirects":[{"Path":"/surface","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"47","Name":"Truckload","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"48","Name":"Truck brokers","Redirects":[{"Path":"/surface/trucking-news/truck-brokers","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"William B. Cassidy, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732133534000","TitlePlainText":"Regulator proposes tougher transparency requirements for US freight brokers","Published":true,"Redirects":[{"Path":"/article/regulator-proposes-tougher-transparency-requirements-for-us-freight-brokers-5821502","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eBrokers would have to make transaction records, including shipper rates, available to trucking companies electronically and the requirements could supersede non-disclosure agreements, according to a proposed rule from the Federal Motor Carrier Safety Administration. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Brokers would have to make transaction records, including shipper rates, available to trucking companies electronically and the requirements could supersede non-disclosure agreements, according to a proposed rule from the Federal Motor Carrier Safety Administration.","__typename":"Document"},{"Id":"5820781_JournalOfCommerce","Attachments":[{"FileName":"5820799_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eA software vendor in the US truckload industry that provides sales and compliance products to freight brokers and carriers on Wednesday said it is offering a free tracking service to combat cargo theft. \u003c/p\u003e\u003cp\u003eThe company, Virginia-based GenLogs, said shippers, brokers and carriers can use GenLogs’ growing network of roadside cameras to help locate a missing asset. \u003c/p\u003e\u003cp\u003eThe company’s core product is designed to help carriers and freight brokers improve their ability to source capacity, find shipper business and vet carriers. As part of the vetting process, the company helps customers manage carrier compliance. \u003c/p\u003e\u003cp\u003eGenLogs CEO Ryan Joyce told the \u003ci\u003eJournal of Commerce\u003c/i\u003e that the company is currently helping its customers recover approximately 25 assets per week. Those assets include trailers, flatbeds and even entire trucks. \u003c/p\u003e\u003cp\u003e“It’s a low lift for us to add a new asset on our alert system,” he said of the new free service for non-customers. \u003c/p\u003e\u003cp\u003eNorth American cargo theft rose nearly 50% year over year in the first half of 2024, according to Overhaul, a global supply chain risk management and intelligence firm. \u003c/p\u003e\u003cp\u003eShippers, carriers or brokers can access the service by sending an identifier — such as a trailer number — by email to GenLogs’ investigation team (\u003ca href=\"mailto:investigations@genlogs.io\"\u003einvestigations@genlogs.io\u003c/a\u003e) or through the company’s “Find My Asset” page on its website. GenLogs will investigate its last known location and set an alert to track it, Joyce said. \u003c/p\u003e\u003cp\u003e“Our goal is to remove the bad actors from the industry so that all the good guys can flourish,” Joyce said. \u003c/p\u003e\u003cp\u003eGenLogs operates a nationwide network of roadside sensors that passively collect data on every passing truck and equipment pairing. The static sensors, on the sides of interstates, filter out private vehicles and only collect data on vehicles, not drivers, Joyce added. \u003c/p\u003e\u003cp\u003eHe said the company plans to have its sensors established every one hundred miles on every interstate nationwide in 2025 so that every long-haul shipment is visible at least twice along its journey. Joyce, who had a career in government counterintelligence before founding GenLogs, said the company is taking a similar approach to root out cargo theft. \u003c/p\u003e\u003cp\u003e“Our goal is not to merely disrupt criminal networks, but rather completely dismantle them,” he said. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"GenLogs is currently helping recover 25 lost assets per week, the company said. Photo credit: 5M3photos / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1732140915007","Taxonomy":{"MainCategory":[{"Id":"47","Name":"Truckload","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"48","Name":"Truck brokers","Redirects":[{"Path":"/surface/trucking-news/truck-brokers","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732100400000","TitlePlainText":"Startup technology vendor takes aim at cargo theft with free tracking service","Published":true,"Redirects":[{"Path":"/article/startup-technology-vendor-takes-aim-at-cargo-theft-with-free-tracking-service-5820781","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eGenLogs, founded by an ex-counterterrorism expert, is offering shippers and brokers a way to track lost trailers and trucks as cargo theft booms in the US. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"GenLogs, founded by an ex-counterterrorism expert, is offering shippers and brokers a way to track lost trailers and trucks as cargo theft booms in the US.","__typename":"Document"},{"Id":"5820741_JournalOfCommerce","Attachments":[{"FileName":"5820740_0.1.png","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eSF Holdings, China's largest express and integrated logistics company, launched an initial public offering in Hong Kong Tuesday that seeks to raise up to $793 million to finance organic growth and third-party investment. \u003c/p\u003e\u003cp\u003eFund manager Oaktree Capital Management, merchant bank Morgan Stanley International and smart phone maker Xiaomi are among the 10 cornerstone investors that have signed up to $200 million worth of shares. \u003c/p\u003e\u003cp\u003eSF Holdings, seen as China's equivalent of FedEx, has earmarked about 45%, or $357 million, of the net proceeds for international growth. That includes $290 million for expansion in Southeast Asia and investment activities including buyouts and joint ventures, plus $36 million to enlarge its airfreight network and upgrade warehouse and logistics facilities in North America and Europe. \u003c/p\u003e\u003cp\u003eA further $255 million will be used to strengthen and optimize its logistics network in China. That comes as SF is keen to build on the regional footprint it gained in Asia when it \u003ca href=\"https://www.joc.com/article/sf-holdings-extends-trans-pacific-reach-with-kerry-logistics-stake-5250759\"\u003eacquired a majority stake in Hong Kong’s Kerry Logistics in 2021\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eSF, which is already listed in Shenzhen, has a fleet of 99 cargo aircraft that accounted for 32% of China’s air cargo capacity in the first half of this year, according to US consulting firm Frost \u0026amp; Sullivan. It also has the largest ground transportation fleet in Asia with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles. \u003c/p\u003e\u003cp\u003eThe company reported a 15% increase in net profit, to $665 million, in the first six months of the year. \u003c/p\u003e\u003cp\u003eThe public share offer closes on Nov. 22, with trading in the shares expected on Nov. 27. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Keith Wallis at \u003c/i\u003e\u003ca href=\"mailto:keithwallis@hotmail.com\"\u003e\u003ci\u003ekeithwallis@hotmail.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"SF Holdings has earmarked about 45% of the net proceeds from its IPO for international growth. Photo credit: SF Holdings.","__typename":"Metadata"},"ModDate":"1732050847443","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"2","Name":"Surface","Redirects":[{"Path":"/surface","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Keith Wallis, Special Correspondent","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732047338000","TitlePlainText":"China logistics giant SF Holding launches $793 million Hong Kong IPO","Published":true,"Redirects":[{"Path":"/article/china-logistics-giant-sf-holding-launches-793-million-hong-kong-ipo-5820741","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe company has the largest ground transportation fleet in Asia, with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The company has the largest ground transportation fleet in Asia, with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles.","__typename":"Document"},{"Id":"5820698_JournalOfCommerce","Attachments":[{"FileName":"5820697_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe incoming Trump administration has announced former congressman and television host Sean Duffy as its pick for Secretary of Transportation. Duffy, during his nine years in Congress, showed an interest in issues affecting the trucking industry while taking aim at traffic delays caused by railroads. \u003c/p\u003e\u003cp\u003ePresident-elect Donald Trump revealed the nomination late Monday, saying that Duffy, 53, “will prioritize excellence, competence, competitiveness and beauty when rebuilding America’s highways, tunnels, bridges and airports.” \u003c/p\u003e\u003cp\u003e“He will ensure our ports and dams serve our economy without compromising our national security,” Trump added in a statement. \u003c/p\u003e\u003cp\u003eDuffy represented Wisconsin in Congress from 2011 to 2019. After he resigned, he worked as a host on Fox Business. \u003c/p\u003e\u003cp\u003eDuffy introduced two bills directly related to transportation in 2015, neither of which advanced. One bill aimed to reduce Department of Transportation (DOT) highway limitations on logging trucks. Another bill would have allowed the DOT to levy a $10,000 per hour civil penalty on railroad carriers when a shift change blocks traffic at a vehicle crossing. \u003c/p\u003e\u003cp\u003eHe also co-sponsored legislation that would have waived hours-of-service requirements for railroad workers when they have to clear trains blocking traffic. \u003c/p\u003e\u003cp\u003eDuffy co-sponsored legislation that would have set up apprentice programs for truck drivers under age 21 and supported a bill that would have delayed the 2018 implementation of electronic logging devices across the trucking industry as well as another that would have given motor carriers more leeway in drug testing for drivers. \u003c/p\u003e\u003cp\u003eDuffy also supported the FAST Act, which then-President Barack Obama signed into law in 2016. It reauthorized a gasoline tax and added other user fees to pay for maintenance on the nation’s roads. \u003c/p\u003e\u003cp\u003eThe American Trucking Associations said in a statement Monday that Duffy “was focused on issues facing our industry and supported pro-trucking policies to strengthen the supply and our ability to keep the nation’s goods moving safely and efficiently.” \u003c/p\u003e\u003cp\u003eOn the maritime front, Duffy co-sponsored bills that would have required the Harbor Maintenance Trust Fund, which provides funds for maintenance dredging at ports, to spend the entirety of its tax receipts in each fiscal year. He also supported the Maritime Border Security Review Act, which would require the Department of Homeland Security to report on what measures ports need to undertake to reduce flows of illegal drugs and other criminal activity. In his final term in Congress, Duffy also sponsored legislation that would have given then-President Trump more power to impose reciprocal tariffs on international trading partners. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Michael Angell at \u003c/i\u003e\u003ca href=\"mailto:michael.angell@spglobal.com \"\u003e\u003ci\u003emichael.angell@spglobal.com\u003c/i\u003e\u003c/a\u003e.\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Sean Duffy co-sponsored legislation that would have set up apprentice programs for truck drivers under age 21 and supported a bill that would have delayed the 2018 implementation of electronic logging devices across the trucking industry. Photo credit: Vitpho / Shutterstock.com. ","__typename":"Metadata"},"ModDate":"1732049888940","Taxonomy":{"MainCategory":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"11","Name":"Trucking News","Redirects":[{"Path":"/surface/trucking-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Michael Angell, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732044193000","TitlePlainText":"Former congressman, TV host gets Trump’s nod to lead DOT","Published":true,"Redirects":[{"Path":"/article/former-congressman-tv-host-gets-trumps-nod-to-lead-dot-5820698","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eSean Duffy is the incoming administration’s pick for transportation secretary, with much of his prior legislative focus on issues related to trucking. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Sean Duffy is the incoming administration’s pick for transportation secretary, with much of his prior legislative focus on issues related to trucking.","__typename":"Document"},{"Id":"5820643_JournalOfCommerce","Attachments":[{"FileName":"5820672_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe New York Shipping Exchange (NYSHEX) on Tuesday said it will launch a series of free ocean freight rate indexes in 2025 designed to underpin index-linked contracts. \u003c/p\u003e\u003cp\u003eThe indexes will be developed in conjunction with the Intercontinental Exchange (ICE), which has also invested in NYSHEX as part of a new tranche of funding it received Tuesday from a range of investors. \u003c/p\u003e\u003cp\u003eThe new indexes are “based on actual cargo moving rates, which will be transparently governed by industry representatives, and will be freely available for all carriers, shippers and [non-vessel-operating common carriers (NVOs)] to use for their index-linked contracts,” NYSHEX CEO Gordon Downes said in a statement. \u003c/p\u003e\u003cp\u003eThe introduction of NYSHEX’s indexes adds depth to an already crowded field of container freight rate index providers. Xeneta, Freightos, Drewry, the Shanghai Containerized Freight Index and Platts, a sister company of the \u003ci\u003eJournal of Commerce\u003c/i\u003e within S\u0026amp;P Global, all currently provide ocean freight indexes, with various methodologies. \u003c/p\u003e\u003cp\u003e“The container shipping industry is vital for global trade, yet it remains an inefficient and volatile market,” Stuart Williams, COO of ICE, said in the statement. “We recently launched ICE Digital Trade [IDT] to support the global shipping industry, and our partnership with NYSHEX is a further step in that direction.” \u003c/p\u003e\u003cp\u003ePandemic-era constraints on ocean freight capacity led shippers to tie up index-linked, multi-year contracts with ocean carriers at higher-than-historical rates, but the use of those contracts tapered off as rates declined and capacity opened up over the last few years. \u003c/p\u003e\u003cp\u003eStill, advocates of index-linked contracts say it is the only mechanism to alleviate the volatility that can define the ocean freight market. Long-term contracts allow shippers to operate with transportation cost certainty, while allowing vessel operators to plan their capacity networks more effectively. \u003c/p\u003e\u003cp\u003eNYSHEX didn’t specify how the indexes will be deployed, in terms of trade lanes or port pairs. Most existing indexes focus on spot rates and tend to delineate by region or trade lane. \u003c/p\u003e\u003cp\u003eNYSHEX was founded in 2014 to build a technology-backed mechanism for shippers, NVOs and shipping lines to construct ocean freight contracts that were mutually binding. \u003c/p\u003e\u003cp\u003eContainer lines Mediterranean Shipping Co., Maersk, CMA CGM and Hapag-Lloyd are users of the platform. \u003c/p\u003e\u003cp\u003eMeanwhile, the new funding round, the size of which was not disclosed, also saw participation from NYSHEX’s existing investors Goldman Sachs Alternatives, NewRoad Capital and Blumberg Capital. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"NYSHEX didn’t specify how its new indexes will be deployed, in terms of trade lanes or port pairs. Photo credit: UNIKYLUCKK / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1732113075410","Taxonomy":{"MainCategory":[{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"35","Name":"Trans-Atlantic","Redirects":[{"Path":"/maritime/container-shipping-news/trans-atlantic","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"37","Name":"Asia-Europe","Redirects":[{"Path":"/maritime/container-shipping-news/asia-europe","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"38","Name":"Trans-Pacific","Redirects":[{"Path":"/maritime/container-shipping-news/trans-pacific","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732033815000","TitlePlainText":"NYSHEX says will launch ocean freight rate indexes next year","Published":true,"Redirects":[{"Path":"/article/nyshex-says-will-launch-ocean-freight-rate-indexes-next-year-5820643","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.","__typename":"Document"},{"Id":"5817647_JournalOfCommerce","Attachments":[{"FileName":"5817632_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eUber Freight on Thursday opened its network of truckload carriers to fellow freight brokers under a new product called Broker Access. \u003c/p\u003e\u003cp\u003eThe product, which is operated independently of Uber’s own freight brokerage business, gives other brokers the ability to expand the pool of capacity available to move truckloads for those brokers’ shipper-customers. \u003c/p\u003e\u003cp\u003eBroker Access, in some ways, mirrors the development of a similar product at the now-defunct freight broker Convoy, which in 2021 launched Convoy for Brokers to similarly give other brokers access to drivers within its network. Convoy’s technology was later acquired by forwarder Flexport, which earlier this year restarted Convoy for Brokers under a new name, the Convoy Platform. \u003c/p\u003e\u003cp\u003eThe commonality between the two products is leveraging a network of hundreds of thousands of truckload drivers who have downloaded the companies’ respective mobile apps. Those apps allow drivers to book loads, sequence multiple loads (something Uber Freight calls re-loads) and automate other workflow aspects in the shipment lifecycle. \u003c/p\u003e\u003cp\u003eUber Freight sees Broker Access as another channel for brokers to find capacity outside of contracts with truckload carriers and posting spot freight on a load board, Brooks McMahon, the company’s vice president of emerging products and business development, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. Key to enabling this third path is that some carriers are embracing mobile apps as workflow enablement tools, not a technology nuisance. \u003c/p\u003e\u003cp\u003e“We think it’ll continue to happen, where more and more carriers will want to work this way,” said McMahon, who spearheaded Convoy for Brokers before joining Uber Freight in late 2023. “But there will always be a place for relationships and there will always be a place for load boards. Keep doing what you’re doing and consider this another path to get access to this new carrier base.” \u003c/p\u003e\u003cp\u003eAs brokers look for vetted carriers outside their network, there is a cohort of drivers who are embracing apps such as Uber’s because they’re technologically savvy or English is a second language and they feel disadvantaged when business is conducted over the phone, McMahon said. \u003c/p\u003e\u003cp\u003e“Programs like this sort of level the playing field for carriers,” he said. \u003c/p\u003e\u003ch3\u003eData behind a firewall \u003c/h3\u003e\u003cp\u003eOne key behind the Broker Access offering is that it utilizes the same back-end technology that Uber Freight uses for its own brokerage business, but data is kept behind a firewall, so the Uber Freight brokerage business isn’t advantaged. \u003c/p\u003e\u003cp\u003e“We’ve got different tables for all of our data,” McMahon said, acknowledging that overcoming the perception that Broker Access isn’t independent is important. “We have access controls. We don’t share data with the [third-party logistics] teams. They don’t share with us. So, we truly have put up walls. We have to offer this the right way.” \u003c/p\u003e\u003cp\u003eMcMahon said Uber Freight has been trialing Broker Access with a group of brokers since May. \u003c/p\u003e\u003cp\u003eThe product can be accessed by brokers via application programming interface (API), electronic data interchange (EDI) or via a web-based interface. The API and EDI connections allow external brokers to enable automated workflows around tendering, booking, tracking and payment reconciliation, but the web interface is there for smaller brokers not yet ready for integrations but who still want access to drivers using the Uber Freight app. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The new product will be firewalled from Uber Freight’s internal brokerage business. Photo credit: PeopleImages – Yuri. A / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1731616394657","Taxonomy":{"MainCategory":[{"Id":"48","Name":"Truck brokers","Redirects":[{"Path":"/surface/trucking-news/truck-brokers","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"47","Name":"Truckload","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1731605714000","TitlePlainText":"Uber Freight opens up truckload capacity network to rival brokers","Published":true,"Redirects":[{"Path":"/article/uber-freight-opens-up-truckload-capacity-network-to-rival-brokers-5817647","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe company sees its new Broker Access product as another channel for brokers to find capacity outside of contracts with truckload carriers and posting spot freight on a load board. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The company sees its new Broker Access product as another channel for brokers to find capacity outside of contracts with truckload carriers and posting spot freight on a load board.","__typename":"Document"},{"Id":"5817584_JournalOfCommerce","Attachments":[{"FileName":"5817583_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eKuehne+Nagel said Thursday it has acquired a majority stake in IMC Logistics, one of the largest ocean drayage providers in the US with terminals in almost every major port city and rail hub. Terms of the deal were not disclosed. \u003c/p\u003e\u003cp\u003eThe non-vessel-operating common carrier (NVO) will have a 51% stake in Tennessee-based IMC Logistics, formerly known as Intermodal Cos., giving K+N a significant advantage in selling door-to-door products to cargo owners. \u003c/p\u003e\u003cp\u003eIMC handles about 2 million TEUs annually from US ports and rails and generated $800 million in revenue in 2023. \u003c/p\u003e\u003cp\u003e“IMC’s range of capabilities significantly expands our service offering and allows us to develop even more attractive solutions for the value chains of our sea freight customers,” K+N CEO Stefan Paul said in a statement, adding the IMC brand will be retained. \u003c/p\u003e\u003cp\u003eWhile ocean carriers own other US drayage providers, none are as large as IMC Cos., a family-owned company founded by current Chairman Mark George. Maersk acquired Performance Team in 2020 for $545 million. It has also owned Hudd Transportation-Damco Distribution for more than two decades. Mediterranean Shipping Co. acquired C\u0026amp;K Holdings in 2022, including the C\u0026amp;K Trucking drayage division. \u003c/p\u003e\u003cp\u003eIMC is much larger than Hudd-Damco and C\u0026amp;K Holdings. IMC owns 49 terminals in the US, covering nearly every major port city and rail hub, except in the Pacific Northwest and Florida, and owns five transloading facilities. For comparison, C\u0026amp;K Holdings owns 20 terminals in the US, while Performance Team has eight locations. \u003c/p\u003e\u003cp\u003eOne of largest remaining privately-owned US drayage provider is RoadOne IntermodaLogistics, which is co-owned by the Kellaway family and two private equity firms. Other privately-owned providers with a large base of owner-operators include the Evans Network of Companies and STG Logistics.\u003c/p\u003e\u003cp\u003eThe K+N-IMC transaction is expected to close at the beginning of the first quarter of 2025. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Ari Ashe at \u003c/i\u003e\u003ca href=\"mailto:ari.ashe@spglobal.com \"\u003e\u003ci\u003eari.ashe@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"IMC Cos. is one of the largest ocean drayage providers in the US, with nearly 50 terminals. Photo credit: Ari Ashe / Journal of Commerce.","__typename":"Metadata"},"ModDate":"1732033754497","Taxonomy":{"MainCategory":[{"Id":"2","Name":"Surface","Redirects":[{"Path":"/surface","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"39","Name":"Drayage","Redirects":[{"Path":"/maritime/port-news/drayage","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Ari Ashe, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1731598934000","TitlePlainText":"K+N acquires majority stake in big US drayage provider","Published":true,"Redirects":[{"Path":"/article/kn-acquires-majority-stake-in-big-us-drayage-provider-5817584","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe deal for privately-owned IMC Logistics gives NVO Kuehne+Nagel a significant advantage in selling door-to-door products to cargo owners.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The deal for privately-owned IMC Logistics gives NVO Kuehne+Nagel a significant advantage in selling door-to-door products to cargo owners.","__typename":"Document"},{"Id":"5810460_JournalOfCommerce","Attachments":[{"FileName":"5810452_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe Panama Canal Authority (ACP) is looking for more than $1 billion in funding to develop an over-the-road network connecting the Pacific and Atlantic oceans that would move containers carried on vessels too large to transit the waterway. \u003c/p\u003e\u003cp\u003eACP Administrator Ricaurte Vásquez Morales, who made the plan public at a Houston maritime event last week, said the port authority needs $1.2 billion to $1.4 billion to fund the project aimed at regaining cargo now transshipped via Colombia’s Cartagena and mitigating the canal’s inability to handle the industry’s largest ships. \u003c/p\u003e\u003cp\u003eMorales said the land bridge option would have to be cost competitive, a challenge given the increased costs to unload a container, haul by truck and then reload onto another vessel. The idea behind the Panama project would be, for example, to remove eastbound containers on the Pacific side from a vessel too large to move through the canal, ship the boxes across the isthmus via truck, and then reload them on a separate vessel on the Atlantic side for the onward journey.\u003c/p\u003e\u003cp\u003eIt wasn’t immediately clear the distance the trucks would need to travel, but the canal itself is just over 50 miles long. The transit time via the Panama Canal is about 10 hours, while existing transshipment options take about two days via rail and four days via truck.\u003c/p\u003e\u003cp\u003eThe public revealing of the plan comes as the Panama Canal \u003ca href=\"https://www.joc.com/article/panama-canal-transits-rise-to-almost-normal-levels-as-expansion-work-begins-5703116\"\u003esporadically grapples with low water levels\u003c/a\u003e that prevent it from fully utilizing its larger locks that normally handle fully loaded 14,000- to 15,000-TEU ships. The ACP is eyeing 2027 as the next potential dry season impacting canal passages and forcing draft restrictions, subject to change amid increased weather volatility. \u003c/p\u003e\u003cp\u003eWhile the Suez Canal hasn’t been seen as viable for container routings by major carriers since Houthi militant attacks began late last year, it can handle the industry’s largest ships. Still, Vásquez Morales said the two canals don’t necessarily serve the same markets, with only about 15% overlap in container cargo.\u003c/p\u003e\u003ch3\u003eGlobal order book presents challenges\u003c/h3\u003e\u003cp\u003eThe Panama Canal can serve ships as large as 17,000 TEUs, but Vásquez Morales said about 20% of the current global order book calls for vessels too large to pass through the waterway. While 72% of the container vessels that transit the Panama Canal do make a port of call to load or unload boxes, 28% of vessels go through without stopping — a figure Vásquez Morales would like to reduce.\u003c/p\u003e\u003cp\u003eThe Port of Cartagena, he said, is more efficient than the Port of Panama and has capitalized on the opportunity to transship.\u003c/p\u003e\u003cp\u003e“We know that the market is there, and it’s probably [going] to grow container traffic,” Vásquez Morales said. “[The order book] clearly indicates that the number [and size] of ships are increasing.”\u003c/p\u003e\u003cp\u003eThe transshipment project could increase annual container throughput by just over 60%, or 5 million TEUs, from the 8 million TEUs moved currently each year through the canal, said Vásquez Morales.\u003c/p\u003e\u003cp\u003eThe project would be developed on part of a 54,000-acre plot already purchased by the ACP for $501 million — land Vásquez Morales describes as “challenging.” There is need for further funding to bring the project to fruition as the capital requirements are probably going to exceed local resources, he said, and the Panamanian government will not be financing the project. That means external sources of funding will need to be tapped, but Vásquez Morales did not detail what alternatives are available.\u003c/p\u003e\u003cp\u003eThe transshipment initiative would utilize existing port facilities on both ends of the isthmus. It also has the potential to expand to another tract of land, also already controlled by the ACP, to handle additional volumes.\u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Laura Robb at \u003c/i\u003e\u003ca href=\"mailto:Laura.Robb@spglobal.com\"\u003e\u003ci\u003elaura.robb@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"A land bridge serving the Port of Panama would increase container throughput by serving vessels otherwise too large to transit the canal. Photo credit: Jose Mario Espinoza / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1731538155570","Taxonomy":{"MainCategory":[{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"10","Name":"Port News","Redirects":[{"Path":"/maritime/port-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Laura Robb, Associate Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1731535275000","TitlePlainText":"Panama Canal chief offers land bridge option to transship containers across isthmus","Published":true,"Redirects":[{"Path":"/article/panama-canal-chief-offers-land-bridge-option-to-transship-containers-across-isthmus-5810460","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eDeveloping an over-the-road network to handle containers carried on ships too large to traverse the waterway could increase the canal’s annual throughput by over 60%, officials say, although funding concerns exist.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Developing an over-the-road network to handle containers carried on ships too large to traverse the waterway could increase the canal’s annual throughput by over 60%, officials say, although funding concerns exist.","__typename":"Document"},{"Id":"5810373_JournalOfCommerce","Attachments":[{"FileName":"5810372_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eFreight procurement software provider Keelvar has integrated spot and contract truckload pricing data from DAT Freight \u0026amp; Analytics into its platform to enable shipper-users to compare benchmark rates with their own rates from carriers. \u003c/p\u003e\u003cp\u003eUnder the partnership, Keelvar will pull pricing information from the DAT IQ product, which is based off more than $1 trillion in freight market transactions submitted directly by more than 1,400 freight shippers and brokers that work with DAT. \u003c/p\u003e\u003cp\u003e\"The integration of DAT’s real-time freight data into Keelvar's platform elevates our customers’ procurement strategies,” Keelvar founder and CEO Alan Holland said in a statement Tuesday. “With instant access to market insights, they can confidently optimize their freight sourcing, reduce costs and navigate challenges with greater precision and efficiency.” \u003c/p\u003e\u003cp\u003eKeelvar operates a procurement platform for shippers built around using sourcing bots to automate the awarding of freight to carriers across transportation modes. The company’s customers include Coca-Cola, Siemens and ExxonMobil. \u003c/p\u003e\u003cp\u003eDAT announced in mid-October at its DATCon user conference that it had surpassed the $1 trillion mark in freight transaction data. The company runs the largest load board for the truckload industry and over the past decade has built spot and contract pricing tools for brokers and shippers. It also operates a shipper benchmark group based off its 2020 acquisition of Chainalytics’ Freight Market Intelligence Consortium. \u003c/p\u003e\u003cp\u003eDAT joins a large list of Keelvar partners, which includes Xeneta for ocean and air freight price benchmarking. Keelvar competes with companies such as Freightender and Shipsta, which was acquired this summer by Freightos, in providing freight-specific procurement software. \u003c/p\u003e\u003cp\u003eThe timing of the Keelvar-DAT integration comes as the industry is bracing for an upturn in truckload freight rates after more than two years of moderate demand coupled with overcapacity that is slowly starting to recede. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The benchmarking of truckload pricing is likely to be key for shippers in 2025 as they contend with an expectation of rising rates as capacity leaves the market. Photo credit: Vitpho / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1731528435050","Taxonomy":{"MainCategory":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"47","Name":"Truckload","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"48","Name":"Truck brokers","Redirects":[{"Path":"/surface/trucking-news/truck-brokers","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1731522134000","TitlePlainText":"DAT, Keelvar integrate on truckload rate benchmarking for shippers","Published":true,"Redirects":[{"Path":"/article/dat-keelvar-integrate-on-truckload-rate-benchmarking-for-shippers-5810373","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eCustomers of automated freight procurement tool Keelvar will get access to more than $1 trillion in truckload pricing data as part of a new arrangement with DAT Freight \u0026amp; Analytics. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Customers of automated freight procurement tool Keelvar will get access to more than $1 trillion in truckload pricing data as part of a new arrangement with DAT Freight \u0026 Analytics.","__typename":"Document"},{"Id":"5792476_JournalOfCommerce","Attachments":[{"FileName":"5792468_0.1.png","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eCarl Bentzel will be stepping down as a commissioner on the US Federal Maritime Commission (FMC) to move into the private sector, leaving the incoming Trump administration to nominate a new member to the agency. \u003c/p\u003e\u003cp\u003eThe National Association of Waterfront Employers, the trade group representing US marine terminals and stevedores, said Tuesday that Bentzel has been elected to serve as the association’s new president, effective Dec. 16. He will also serve as executive director of the National Maritime Safety Association, which is a clearinghouse for industry input on occupational safety issues for the maritime industry. \u003c/p\u003e\u003cp\u003e“I am honored to join the National Association of Waterfront Employers and the National Maritime Safety Association in this pivotal role,” Bentzel said in a statement. “As we navigate a dynamic era for our industry, I look forward to working alongside industry leaders to enhance port operations, advance workforce safety, and strengthen our collective resilience to meet evolving challenges.” \u003c/p\u003e\u003cp\u003eAlthough a Democrat, Bentzel was appointed to the FMC in 2019 during Donald Trump’s first term. Following the end of his first five-year term this past June, President Joe Biden renominated Bentzel for another term. \u003c/p\u003e\u003cp\u003eDuring his tenure, Bentzel has been directly involved in port and terminal-related issues at the FMC. During the 2021 container surge that hit Southern California ports, \u003ca href=\"https://www.joc.com/article/fmcs-bentzel-urges-carriers-to-use-pnw-as-alternative-to-congested-lalb-5250831\"\u003ehe urged shippers to consider alternative gateways such as the Pacific Northwest\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eBentzel, along with Commissioner Louis Sola, a Republican, also looked at whether vessel length restrictions by ship pilots were anti-competitive for container lines coming into the Port of Houston, \u003ca href=\"https://www.joc.com/article/houston-pilots-dial-back-ship-length-restriction-5249543\"\u003ea limitation that was eventually reversed\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eBentzel also urged container lines to \u003ca href=\"https://www.joc.com/article/fmcs-bentzel-urges-container-lines-to-help-more-with-ny-nj-empty-returns-5249561\"\u003edo more to evacuate empty containers from the Port of New York and New Jersey due to their impact on port fluidity\u003c/a\u003e. He also helped author a report about the national security considerations of \u003ca href=\"https://www.joc.com/article/fmcs-bentzel-cautions-on-china-dominance-in-chassis-container-supply-5249125\"\u003eChina’s dominance in container and chassis supply\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eBentzel also helped usher in \u003ca href=\"https://www.joc.com/article/white-house-taps-supply-chain-stakeholders-to-build-national-data-portal-5235094\"\u003edata standards aimed at providing US shippers more visibility into port operations\u003c/a\u003e and \u003ca href=\"https://www.joc.com/article/solution-to-us-rail-demurrage-question-remains-elusive-5234437\"\u003ehas advocated that the FMC’s jurisdiction be expanded to the intermodal operations of railroads\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eBentzel’s departure will allow the incoming administration to nominate a new commissioner to the five-member group. Republican Rebecca Dye is currently in \u003ca href=\"https://www.joc.com/article/us-senate-confirms-existing-terms-for-fmcs-maffei-dye-5240804\"\u003ethe fifth year of her current term after having been renominated this year by Biden\u003c/a\u003e, while Chairman Daniel Maffei’s current term lasts through 2027; Maffei is a Democrat. \u003c/p\u003e\u003cp\u003eSola’s current term expired in 2023 after Trump appointed him in 2018. But commissioners can continue to serve until they are renominated or the current administration picks a replacement. \u003c/p\u003e\u003cp\u003eCommissioner Max Vekich, a Biden appointee, has a term lasting through 2026. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Michael Angell at \u003c/i\u003e\u003ca href=\"mailto:michael.angell@spglobal.com\"\u003e\u003ci\u003emichael.angell@spglobal.com\u003c/i\u003e\u003c/a\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Bentzel took part in FMC work involving everything from empty container returns to China’s dominance in chassis and container supply. Photo credit: Maha Heang / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1731508814607","Taxonomy":{"MainCategory":[{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Michael Angell, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1731450494000","TitlePlainText":"Bentzel leaving FMC for executive role with maritime trade groups","Published":true,"Redirects":[{"Path":"/article/bentzel-leaving-fmc-for-executive-role-with-maritime-trade-groups-5792476","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003e The Democrat, appointed under the previous Trump administration, had taken a particular interest in port and terminal operations while at the US maritime regulator. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The Democrat, appointed under the previous Trump administration, had taken a particular interest in port and terminal operations while at the US maritime regulator.","__typename":"Document"},{"Id":"5787362_JournalOfCommerce","Attachments":[{"FileName":"5787358_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAverage air cargo rates from China to North America and Europe have hit their highest levels this year as peak season demand and cargo flows in preparation for November’s e-commerce online promotions begin to gear up. \u003c/p\u003e\u003cp\u003eThe rate from Shanghai to North America this week reached $6.79 per kilogram, up 7% from last week and 30% higher year over year, according to the Baltic Air Index (BAI). Shanghai-North Europe rates hit $4.85/kg, up 9% on the week and a year-over-year increase of 18%. \u003c/p\u003e\u003cp\u003e“Alongside e-commerce growth, the launch of new electronic goods and products has driven prices upward,” Kathy Liu, vice president of global sales and marketing at Taiwan-based forwarder Dimerco Express Group, said in a market update this week. \u003c/p\u003e\u003cp\u003e”The traditional peak season began in mid-October, immediately following China’s Golden Week holiday,” she added. “November is anticipated to be the peak month of 2024, particularly for shipments destined for the US and Europe.” \u003c/p\u003e\u003cp\u003eLiu noted that air freight capacity within intra-Asia routes was extremely limited as airlines allocated a greater portion of first-leg allotments to long-haul shipments that carried higher revenue potential. \u003c/p\u003e\u003cp\u003eAir cargo on the main Asian routes to North America and Europe has effectively been in peak season mode all year with the volume dominated by China’s e-commerce exports. Global air cargo recorded double-digit year-over-year demand growth in all 10 months through October and is on track to finish the year up approximately 14% year over year, according to rate benchmarking platform Xeneta. \u003c/p\u003e\u003cp\u003e“This puts air cargo demand safely on course to report double-digit growth in 2024, and not even zero growth in November or December is going to disrupt this,” Niall van de Wouw, Xeneta’s chief air cargo officer, wrote in a market update this week. \u003c/p\u003e\u003ch3\u003eRegulatory clampdown on ‘de minimis’ goods \u003c/h3\u003e\u003cp\u003eWhile the year will end on a high for the air freight industry, there is growing pressure on regulators in the US to clamp down on Chinese imports and reduce the generous $800 “de minimis” value threshold under which goods do not have to pay a duty. \u003c/p\u003e\u003cp\u003eThe e-commerce platforms in the past 18 months have factored this into their business models that almost exclusively use air cargo for shipments to the US, but the regulatory pressure is likely to be turned up under the new Trump administration. \u003c/p\u003e\u003cp\u003e“The Biden administration proposed excluding large swaths of Chinese imports from de minimis eligibility,” Judah Levine, head of research at freight marketplace Freightos, said in a report this week. “If Trump moves forward with something similar, it could be a major challenge to the surge of Chinese goods arriving by air via platforms like Shein and Temu.” \u003c/p\u003e\u003cp\u003eIf there is a clampdown, it will not only be the Chinese e-commerce platforms that come into the regulatory crosshairs. A report from stock market data provider AltIndex released Wednesday shows that most products sold by Amazon are made in China. \u003c/p\u003e\u003cp\u003e”Statistics show that 71% of the products that wholesalers and retailers sell on Amazon are produced in China, or 2.4 times more than in the United States, illustrating China’s importance for Amazon’s business,” AltIndex said. \u003c/p\u003e\u003cp\u003eAmazon has a 40% share of total e-commerce sales in its home US market, with products made in the US accounting for 30% of the company’s total goods sold and India third at 14%, according to industry data. \u003c/p\u003e\u003cp\u003eOn the trans-Atlantic, Europe to North America saw a month-over-month volume increase of 11% in October, according to Xeneta. Backhaul volume rose 10% sequentially in October as shippers and forwarders took precautionary measures to lessen the impact of the \u003ca href=\"https://www.joc.com/article/ripple-effects-playing-out-globally-from-ila-strike-analyst-5751171\"\u003ethree-day strike by dockworkers\u003c/a\u003e at US East Coast and Gulf Coast ports. \u003c/p\u003e\u003cp\u003eAir cargo rates from North Europe to North America have remained elevated all year and are currently at $1.84/kg, unchanged from the same week last year, according to the BAI. Xeneta expects the rise in trans-Atlantic air freight rates to continue with airlines’ winter schedules, leading to reduced cargo capacity from the end of October. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Air cargo on the main Asian routes to North America and Europe has effectively been in peak season mode all year. Photo credit: supakitswn / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1730920703913","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1730912174000","TitlePlainText":"Air cargo peak season elevates as Chinese export rates hit 2024 high","Published":true,"Redirects":[{"Path":"/article/air-cargo-peak-season-elevates-as-chinese-export-rates-hit-2024-high-5787362","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eVolume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Volume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.","__typename":"Document"},{"Id":"5787246_JournalOfCommerce","Attachments":[{"FileName":"5787232_0.1.jpg","FileType":"Nondownloadable","Title":null,"__typename":"Attachment"},{"FileName":"5787230_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eMore than a year after global health agencies declared an end to the COVID-19 pandemic and nearly three years after the peak of the supply chain impact, the scars in the ocean container world have barely begun to heal. And given that market turbulence looks set to continue with a second Trump presidency, that healing may not have an opportunity for months or years to come. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow float-right-element\"\u003e\u003cimg src=\"/images/phoenix/5787232_0.1.jpg\"\u003e\u003c/img\u003e\u003c/div\u003e\u003cp\u003eAdvisors to beneficial cargo owners (BCOs) say mitigating future disruption requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment. Yet, those advisors say, many BCOs remain stuck in a mindset of wanting to “get back what was taken from them” during the pandemic when rates soared to historic highs. \u003c/p\u003e\u003cp\u003eYet despite whatever evidence may exist of external causes of the COVID-19 supply chain crisis, some shippers, echoing politicians up to and including President Joe Biden, continue to hold a grudge against carriers to the point that they are unwilling to engage in the relationship-building that advisors say is critical to managing ocean supply chains through an era of disruption. \u003c/p\u003e\u003cp\u003eAnd that environment only looks set to continue assuming president-elect Trump makes good on threats to wage trade wars and given the possibility \u003ca href=\"https://www.joc.com/article/ila-usmx-say-to-resume-talks-on-new-master-contract-in-november-5778794\"\u003eof further East Coast labor disruption in January\u003c/a\u003e. \u003c/p\u003e\u003cp\u003e“The strained relationship between BCOs and ocean carriers post-pandemic has been significant, primarily due to repeated disruptions and lack of transparency throughout 2020–2022,” former Walmart logistics executive and current consultant Kevin Parkerson told the \u003ci\u003eJournal of Commerce.\u003c/i\u003e \u003c/p\u003e\u003cp\u003e“During this period, many BCOs felt they were deprioritized as ocean carriers reallocated capacity to secure spot rates that soared due to demand and port congestion,” Parkerson said. “This experience created a level of distrust that BCOs have struggled to overcome, as they now view carrier partnerships with caution and sometimes skepticism.” \u003c/p\u003e\u003ch3\u003e‘Revenge’ factor \u003c/h3\u003e\u003cp\u003eIn the aftermath of historically high rates combined with historically poor service, and with the experience being repeated on a smaller scale in 2024, being willing to engage with carriers is proving a tall order for many BCOs. Even when logistics teams themselves understand the value of engaging, they lack support from internal colleagues with long memories and festering resentments. \u003c/p\u003e\u003cp\u003eSuch is the magnitude of grievance that BCOs’ aim is not just to drive rates back down to pre-pandemic levels, but to “take revenge” in seeking to recover money perceived to be unjustly taken from them during the pandemic. \u003c/p\u003e\u003cp\u003e“For the last couple of years, everyone kind of had 2024 and now 2025 on the calendar as a recovery year. In other words, the time period when you can recover or get back what you feel like was taken from you, in the days of the tens of thousands of dollar rate levels,” Parkerson said. “And unfortunately, a lot of that is still the sentiment.” \u003c/p\u003e\u003cp\u003eThe process would be made easier if carriers themselves wanted to engage with customers, but even that seems to have broken down. Some carriers do wish to engage with certain customers, a trend that may pick up steam next year if the market softens under the strain of overcapacity. \u003c/p\u003e\u003cp\u003eFor their part, carriers — or at least some of them — seemed to have moved on from a prior mindset of seeking to work closely with customers. With a focus on blank sailings and a possible resurgence of slow-steaming next year to manage capacity — actions that benefit carriers at the expense of their customers — evidence of a partnership, such as quarterly business review meetings, has gone by the wayside. Carriers, meanwhile, have their own long memories of being beaten down on rates by shippers.\u003c/p\u003e\u003ch3\u003eThe need to build relationships \u003c/h3\u003e\u003cp\u003eBut BCO advisors say that however difficult or counterintuitive it may be for shippers to engage with carriers, protecting their interests and extracting maximum value out of the containerized supply chain demands it. \u003c/p\u003e\u003cp\u003e“I strongly advocate for building solid relationships with carriers and logistics service providers,” Parkerson said. “Cultivating strong, collaborative relationships with your carriers and LSPs can help mitigate some of the impacts of disruptions. While it may not eliminate challenges entirely, it can certainly soften the effects.” \u003c/p\u003e\u003cp\u003eOthers agree. In a \u003ca href=\"https://www.joc.com/article/bco-partnerships-with-carriers-often-fail-but-are-still-critical-5780305\"\u003erecent \u003ci\u003eJournal of Commerce\u003c/i\u003e commentary\u003c/a\u003e, former Newell Brands logistics leader Kristian Ording described an effort to improve volume forecasts provided by carriers, only to see the relationship get undermined under the strain of tight capacity. “As capacity tightened, unfortunately many of the carriers resorted to not confirming forecasts until the last minute, and in some cases either not confirming at all or accepting less bookings than forecast [and at times even (less) than allocated],” he wrote. \u003c/p\u003e\u003cp\u003eNevertheless, Ording said, he would still not give up on trying to strengthen partnerships with carriers when other opportunities arose. \u003c/p\u003e\u003cp\u003e“Despite sometimes disappointing outcomes even following the best of intentions, it is still worth the effort for beneficial cargo owners to take the steps toward building partnerships with carriers and forwarders that can withstand the ever more frequent swings in the market,” he wrote. “I hope shippers keep this in mind as we all gear up for the 2025 contracting cycle.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Peter Tirschwell at \u003c/i\u003e\u003ca href=\"mailto:peter.tirschwell@spglobal.com\"\u003e\u003ci\u003epeter.tirschwell@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The strained relationship between BCOs and ocean carriers after the pandemic has been “significant,” one BCO advisor told the Journal of Commerce. Photo credit: Ceri Breeze / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1730927954850","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Peter Tirschwell","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1730906354000","TitlePlainText":"BCOs should forsake ‘revenge’ to build ‘collaborative’ relationships with carriers","Published":true,"Redirects":[{"Path":"/article/bcos-should-forsake-revenge-to-build-collaborative-relationships-with-carriers-5787246","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eAdvisors to beneficial cargo owners say mitigating future supply chain disruptions requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Advisors to beneficial cargo owners say mitigating future supply chain disruptions requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment.","__typename":"Document"},{"Id":"5786451_JournalOfCommerce","Attachments":[{"FileName":"5786427_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eReports of the demise of fossil fuels — and, by extension, the oil and gas project cargo market — may have been exaggerated, or at the very least, a bit premature. \u003c/p\u003e\u003cp\u003eFlouting predictions of a slowdown in exploration and production as the world transitions to more environmentally friendly energy sources, oil and gas projects are continuing alongside renewable energy generation, fueling strong cargo demand, according to engineering, procurement and construction firms (EPCs), forwarders, and ocean carriers. \u003c/p\u003e\u003cp\u003e“We have seen quite a bit of activity this year from both traditional offshore oil and gas and renewable projects,” Peter Hansen, president of Cosco Shipping Heavy Transport, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “We have signed many forward contracts of both types this year.” \u003c/p\u003e\u003cp\u003eDuring the Breakbulk Americas conference in Houston in October, oil and gas-focused cargo owner, forwarder and carrier executives described the environment as “robust” but “challenging,” even “chaotic.” \u003c/p\u003e\u003cp\u003eWhile projects are picking up for all sectors, the trend favors relatively small projects, upgrades and expansions, one project forwarder who asked not to be identified said during the event. He singled out the US oil and gas market as “definitely moving,” while South America is a busy area for both oil and gas and power generation. \u003c/p\u003e\u003cp\u003eHe said shippers and carriers are now actively engaging with forwarders, whereas before they were making loose inquiries, another sign that planned projects are starting to move from the drawing board to the real world. \u003c/p\u003e\u003cp\u003e“We are having more ‘real’ conversations — more tangible discussions — and engagement with carriers, although they are still conservative about commitment,” the forwarder told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eGlobal capital spending on oil and gas generation — a major source of heavy and oversized project cargo — is expected to increase 20% year over year in 2024 and a further 13% in 2025, according to S\u0026amp;P Global Commodity Insights. S\u0026amp;P Global is the parent company of the \u003ci\u003eJournal of Commerce.\u003c/i\u003e \u003c/p\u003e\u003ch3\u003eA lengthy transition \u003c/h3\u003e\u003cp\u003eWith renewable energy generation still merely augmenting, rather than replacing, traditional sources, oil demand is likely to stay on an upward trajectory in the medium term, according to Norwegian consultant Rystad Energy. \u003c/p\u003e\u003cp\u003e“The probability of a fast transition away from oil decreases unless we witness breakthroughs in those low-carbon energy carriers that can technically and economically substitute oil,” Claudio Galimberti, global market analysis director at Rystad Energy, said in an Aug. 13 commentary. \u003c/p\u003e\u003cp\u003eRystad forecasts $100 billion worth of offshore gas projects will be approved in Southeast Asia alone, mostly in Indonesia and Malaysia, between 2024 and 2028. \u003c/p\u003e\u003cp\u003eBut that comes as exploration budgets for new oil and gas resources have flatlined at about $15 billion a year since 2020 with no real change likely until at least 2027, according to data from consultant Wood Mackenzie. \u003c/p\u003e\u003cp\u003eIn an October project tracker report, Wood Mackenzie pointed to a raft of reasons for the plateau in exploration spending, including higher supply chain costs and tighter financing as major banks shift their focus to renewable energy from oil and gas. \u003c/p\u003e\u003cp\u003e“The decline in the number of projects being approved and no expansion in exploration activities will impact MPV and module carrier operators,” an energy analyst who asked not to be identified told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “The good news is continued investment in on- and offshore wind, liquefied natural gas and new energy resources such as ammonia and hydrogen should offset the decline in oil and gas cargo related volumes.” \u003c/p\u003e\u003cp\u003eGlobal investment in renewable power generation — a broad category that includes wind, solar, nuclear, geothermal, hydro and biomass — is expected to grow 14% this year, 9% in 2025 and 5% in 2026, according to S\u0026amp;P Global Commodity Insights. \u003c/p\u003e\u003cp\u003eMultipurpose and heavy-lift (MPV/HL) carriers including United Heavy Lift and G2 Ocean have reported a steady increase in wind energy-related cargoes, which they say now account for approximately 50% of their volumes, and Americas-based MPV/HL executives told the \u003ci\u003eJournal of Commerce\u003c/i\u003e they’ve seen pick up across a range of project types, including LNG, hydro and nuclear. \u003c/p\u003e\u003cp\u003eSeveral EPCs also noted that cargo is moving or anticipated for domestic projects related to microchip manufacturing and other technologies. \u003c/p\u003e\u003cp\u003e“There are more sectors — data storage, semi-conductors — it’s all new stuff,” said a project forwarder who asked not to be identified. \u003c/p\u003e\u003ch3\u003eApprovals slowing \u003c/h3\u003e\u003cp\u003eThe number of oil and gas projects receiving a positive final investment decision (FID), a prerequisite to cargo movement, has also been dwindling. \u003c/p\u003e\u003cp\u003eNearly 20 schemes worth about $100 billion are expected to get the FID green light by the end of 2024, according to Wood Mackenzie, a sharp decrease from a March report in which it estimated 30 upstream projects valued at $125 billion would move forward this year. A similar dynamic played out in 2023, when 23 schemes worth about $130 billion received FID approval, against an earlier estimate of 30 projects valued at $185 billion. \u003c/p\u003e\u003cp\u003e“There’s been a steady decline in both the total number and overall value of offshore hydrocarbon projects getting FID approval over the last few years, with final investment decisions postponed to subsequent years,” the energy analyst said. “There’s an undoubted need for the development of new oil and gas resources. But the current energy transition to cleaner fuels like wind and solar is making it more difficult for oil majors and national oil companies to assess when those resources will be needed, which in turn is affecting their financial viability.” \u003c/p\u003e\u003cp\u003eGlobal oil demand is predicted to peak at about 102 million barrels per day by 2030, after which demand will ease, according to the International Energy Agency (IEA). Low-emissions sources are expected to generate more than half of the world’s electricity before 2030, according to the IEA’s World Energy Outlook 2024 report published Oct. 16. \u003c/p\u003e\u003cp\u003eMaritime classification society DNV predicted global oil demand could peak in 2026 in its 2024 Energy Transition Outlook report, also published in mid-October. Oil major BP, in its July energy forecast, said oil demand could fall to under 80 million barrels per day by 2050 from 101.7 million barrels per day in 2023 amid the shift to cleaner fuels. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Keith Wallis at \u003c/i\u003e\u003ca href=\"mailto:keithwallis@hotmail.com\"\u003e\u003ci\u003ekeithwallis@hotmail.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Global oil and gas spending is expected to increase 20% in 2024 and 13% in 2025. Photo credit: Cosco Shipping.","__typename":"Metadata"},"ModDate":"1730820195927","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"8","Name":"Breakbulk News","Redirects":[{"Path":"/maritime/breakbulk-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"31","Name":"Energy projects","Redirects":[{"Path":"/maritime/breakbulk-news/energy-projects","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"33","Name":"Project cargo","Redirects":[{"Path":"/maritime/breakbulk-news/project-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Keith Wallis, Special Correspondent","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1730817738000","TitlePlainText":"Stream of oil and gas business keeps project sector humming","Published":true,"Redirects":[{"Path":"/article/stream-of-oil-and-gas-business-keeps-project-sector-humming-5786451","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eA slower-than-expected transition to renewable energy sources is augmenting — rather than replacing — investment in traditional oil and gas, boosting project cargo demand.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"A slower-than-expected transition to renewable energy sources is augmenting — rather than replacing — investment in traditional oil and gas, boosting project cargo demand.","__typename":"Document"},{"Id":"5784868_JournalOfCommerce","Attachments":[{"FileName":"5784865_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eFreight audit and payment has traditionally been about searching for the “big bang” invoice inaccuracies over correcting the litany of “small potatoes” errors. \u003c/p\u003e\u003cp\u003eBut as audit and payment technology has evolved to make scrutiny of all invoices more feasible from a cost and human resources perspective, so has the attitude toward taking a granular look at even small variances from a contracted rate and the invoices associated with it. \u003c/p\u003e\u003cp\u003e“Most of the savings we help generate comes on invoices where there is a $3 to $5 variance, which is within the tolerance of most audit programs,” said Shannon Vaillancourt, CEO of RateLinx, which provides auditing software as well as a transportation management system and procurement tool. \u003c/p\u003e\u003cp\u003eThat tolerance has historically existed because chasing such small dollar amounts on a per invoice basis wasn’t worth it for a shipper or a carrier due to the time it takes to resolve such disputes. But if an auditing platform can be set to zero tolerance, shippers can, in a relatively efficient way, claw back even amounts as small as, say, $3 per invoice. Spread over tens of thousands of invoices, that adds up. \u003c/p\u003e\u003cp\u003e“We’re a team of three people processing 125,000 non-parcel freight invoices a year,” the logistics manager at an industrial shipper, who asked not to be identified, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “No one appreciates this is an [accounts payable] function. My team looks at this as a sourcing function.” \u003c/p\u003e\u003cp\u003eBy that, the shipper meant that logistics teams are generally tasked with negotiating rates and ensuring shipments moved as contracted. But then they have the added layer of ensuring that freight invoices are accurate and paid on time because the accounts payable (AP) team doesn’t necessarily have the domain expertise to judge whether a freight bill, with amendments, complicated contract terms and accessorial fees added, is actually accurate. \u003c/p\u003e\u003ch3\u003eFocus on contract rigor \u003c/h3\u003e\u003cp\u003eSo shippers need to focus on a few fundamentals, the source said. First, rate contracts with transportation providers have to be very clear around elements such as invoice inaccuracy dollar thresholds and the final date by which an invoice can be issued. Secondly, is a similar focus in place around accessorials so that any excess fees that are outside of the rate agreement are kicked out by the auditing program? And thirdly, can using an audit provider — either services-based, software-based or a mix of the two — enable the process to be handled efficiently? \u003c/p\u003e\u003cp\u003eAt the root of the persistent problem of invoice inaccuracy is the basic reality that rate agreements, whether in ocean, air, truckload, less-than-truckload or parcel, are inherently complicated. There’s just no getting around the fact that shippers will get different rates based on the lane, freight class, product type, service expectation and in some cases, external market dynamics. And the volume of after-the-fact fees assessed is also not likely to go away soon. \u003c/p\u003e\u003cp\u003eThat somewhat offsets the progress the freight industry has collectively made around making the audit and payment process more efficient. \u003c/p\u003e\u003cp\u003e“An ocean carrier’s customer might have 50 different contracts, with 50 different exceptions on those contracts,” said Dennis Monts, president and COO of payment technology provider PayCargo. “It gets very complex very quickly. And it’s an enormous technology lift to meet that complexity on a global basis. The problems they face in India are not the problems they face in the US or the ones they face in Malaysia.” \u003c/p\u003e\u003cp\u003eThe shipper source said, in his experience, carriers have not adequately invested in the teams or technology to invoice more accurately. \u003c/p\u003e\u003cp\u003e“The most under-appreciated role at the transportation providers is the billing team and collectors,” he said. “They don’t invest enough in that. I don’t want to be surprised by unplanned actuals and accruals building up.” \u003c/p\u003e\u003cp\u003eAs such, the shipper said he’s built in certain expectations to put the onus on the carrier, across modes, to make his team’s auditing process more manageable. “It has to be a clean invoice and it has to be issued within 180 days from the ship date,” he said. \u003c/p\u003e\u003ch3\u003eMore invoices, fewer people \u003c/h3\u003e\u003cp\u003eThe auditing efficiency from technology doesn’t only allow shippers to manage more invoices with fewer people. It also helps the software providers themselves. Vaillancourt, whose company offers a hybrid of services and technology, said the technology RateLinx has built has enabled it to manage millions of invoices without adding headcount. \u003c/p\u003e\u003cp\u003e“We have five auditors,” he said. “How do we do that, with zero-dollar tolerances, is by using tech and it has to be purpose-built. I can justify the cost of the software development against what we would need to do in terms of headcount costs. We‘d need hundreds of auditors to do what we do without our technology.” \u003c/p\u003e\u003cp\u003ePayCargo’s Monts said audit and payment technology should be seen as a conduit between the transportation and accounting systems of the shipper and their transportations providers. \u003c/p\u003e\u003cp\u003e“The systems are not interoperable,” he said. “Technology can be a buffer, because when the reconciliation happens electronically, the exceptions immediately pop up and can be managed. Third-party tech should be thought of as a way to augment the core technology [used by the invoicer and invoicee].” \u003c/p\u003e\u003cp\u003e“To me it all starts with a contract and team that can enforce that contract,” the shipper source said. “First you get away from the process of ‘see bill, pay bill’ whether it’s accurate or not. But the most important thing is the data. If you pay accurately and on time you have a lot of valuable data on your business.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Most freight bill auditing systems tend to allow inaccuracies up to a certain threshold, even when a shipper is receiving thousands of bills. Photo credit: 3rdtimeluckystudio / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1730735715260","Taxonomy":{"MainCategory":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"46","Name":"LTL","Redirects":[{"Path":"/surface/trucking-news/ltl","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"47","Name":"Truckload","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1730728153000","TitlePlainText":"Payment technology adapting to account for smaller invoice inaccuracies","Published":true,"Redirects":[{"Path":"/article/payment-technology-adapting-to-account-for-smaller-invoice-inaccuracies-5784868","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eShippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Shippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.","__typename":"Document"},{"Id":"5780765_JournalOfCommerce","Attachments":[{"FileName":"5780763_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eFreight brokers are harnessing automation to increase the number of loads each employee books with truckload carriers daily, efficiency gains that translate into easier access to capacity for shippers. \u003c/p\u003e\u003cp\u003eAmong the myriad potential use cases where automation might take hold in the logistics industry — from quoting to appointment scheduling to invoice auditing — freight brokers are already rapidly expanding their daily truckload booking capacity, industry experts say. \u003c/p\u003e\u003cp\u003e“Decades of business process change is getting compressed down into two to three years,” Anthony Sutardja, CEO of brokerage automation software provider Parade, said at DAT Freight \u0026amp; Analytics’ DATCon event in Kansas City, Missouri, Thursday. “You’ll see the incremental shift on productivity versus like $800,000 [of annual revenue] per head, then $1 million, then $1.5 million.” \u003c/p\u003e\u003cp\u003eThe most common metric brokers and the vendors that support them track is loads per day per employee. Historically, that number has been in the range of four to six loads per day. But automation of certain tasks associated with the booking process is unlocking more productivity, and some brokers are booking 10 or more loads per day per person. \u003c/p\u003e\u003cp\u003e“Some brokers don’t know what the number is, but those that do monitor it very strictly,” John Tozer, chief operating officer at freight marketplace newtrul, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “The goal that I’ve seen is 10 bookings per day per rep. Once you get to 10, you’ve unlocked the ability to get to 15 or 20. It becomes exponential at that point.” \u003c/p\u003e\u003cp\u003eTozer said automating the booking process, a focus for newtrul, enables more capacity in other parts of a broker’s business, independent of whether those other functions eventually get automated. \u003c/p\u003e\u003cp\u003e“This is a little simplistic, but brokers basically have three phases: you win freight, you build freight, and you book freight,” he said. “If you aren’t able to get to the point where you book 10 or more loads per rep, you don’t have the capacity to win more freight.” \u003c/p\u003e\u003ch3\u003eRaising the bar \u003c/h3\u003e\u003cp\u003eSpeaking in early October on a panel at the \u003ci\u003eJournal of Commerce\u003c/i\u003e Inland Distribution Conference in Chicago, Sutardja said the goal should eventually be 50 loads booked per day per person. At DATCon, he said Parade has broker customers that are, in certain instances, hitting that 50-load productivity target. \u003c/p\u003e\u003cp\u003eThat radical increase in loads booked per day is also being sought by the industry’s biggest brokerages. \u003c/p\u003e\u003cp\u003e“We should be driving to a point where reps can move two or three times as many loads, not 20% more, but 200% to 300% more,” Scott Friesen, executive vice president of strategic analytics at Echo Global Logistics, said at DATCon. \u003c/p\u003e\u003cp\u003eFriesen said it’s difficult for brokers to wrap their head around the idea that they could book three times the number of loads in the same amount of time. \u003c/p\u003e\u003cp\u003e“The initial gut response is, there’s not enough time, there are too many things I have to do,” he said. “That’s the part that you have to challenge in your own mind. What are all those tasks that I’m doing, and which of those tasks should just be taken care of in an automated way.” \u003c/p\u003e\u003cp\u003eFriesen’s advice to other brokers is to list out all the tasks associated with booking a load to see what can be automated. \u003c/p\u003e\u003cp\u003e“What are business tasks that we do at volume, things that we spend a lot of time with human labor doing?” he asked, mentioning processes such as shipment tracking, order building, tender acceptance and carrier vetting. \u003c/p\u003e\u003cp\u003eThe broader question of how automation will change the brokerage workforce underpins many of these considerations. Software vendors and forward-thinking brokers tend to revert to the idea that people whose daily tasks will be automated will be deployed in other areas of the business, such as in managing carrier or shipper relationships. \u003c/p\u003e\u003cp\u003eSutardja, for instance, said automating rote components of the booking process enables brokers to address how to serve carriers better. \u003c/p\u003e\u003cp\u003e“How do you help manage the relationships truly at scale?” he said. “You can go the backhaul lanes of a carrier and understand if they can they do a pickup on Fridays. These are conversations that require quality time. \u003c/p\u003e\u003cp\u003e“Time is the one resource that keeps moving forward then we don’t get back,” he added. With these technologies, the focus is on enabling these folks to get that time back, to have conversations not with 20 carriers, but with 100 or 1,000 carriers on an individual basis. We’re already here today, and there’s a lot more to come in the next 12 months.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Brokers have traditionally booked four to six loads per day person, but software has helped some firms double that rate. Photo credit: Vitpho / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1730151255140","Taxonomy":{"MainCategory":[{"Id":"48","Name":"Truck brokers","Redirects":[{"Path":"/surface/trucking-news/truck-brokers","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"47","Name":"Truckload","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1730149995000","TitlePlainText":"Automation key to improving broker efficiency metrics: experts","Published":true,"Redirects":[{"Path":"/article/automation-key-to-improving-broker-efficiency-metrics-experts-5780765","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eSome freight brokers are increasing the number of loads they can book per day with software that automates repetitive components of the booking process.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Some freight brokers are increasing the number of loads they can book per day with software that automates repetitive components of the booking process.","__typename":"Document"},{"Id":"5778528_JournalOfCommerce","Attachments":[{"FileName":"5783729_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAir cargo rates and tonnage from Asia to Europe picked up sharply in October as rising demand for e-commerce shook off the slow buildup to peak season that typically follows China’s Golden Week holidays. \u003c/p\u003e\u003cp\u003eBut the recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half of 2024 has fallen far below year-over-year levels following greater scrutiny by US authorities on imports using the so-called “de minimis” exemption from duties. \u003c/p\u003e\u003cp\u003e“That decline appears to have been triggered by tighter Customs rules and checks since July on inbound US air cargo traffic from China, especially at Los Angeles airport,” Netherlands-based air freight analyst WorldACD said in a market update Friday. Data shows China-Los Angeles tonnage for the week ended Oct. 20 (week 42) was down 37% year over year. \u003c/p\u003e\u003cp\u003eA significant proportion of e-commerce shipments are routed through Hong Kong, and with global online shopping promotions such as China’s Singles Day, Black Friday and Cyber Monday just around the corner in November, as well as several new smart phone launches, rates and demand have begun to rise, significantly so on the China-Europe trade lane. \u003c/p\u003e\u003cp\u003e“The consistent strengthening of the Hong Kong-to-Europe market in the last six weeks, despite the normally dampening effects of China’s Golden Week holiday period at the start of October, is one of the earliest and only indicators of a potential significant fourth quarter air cargo peak season emerging this year,” WorldACD said. \u003c/p\u003e\u003cp\u003eAverage spot rates from Hong Kong to Europe in the last seven weeks rose above the $5 per kilogram level, to $5.15/kg for the week ended Oct. 20, with China-to-Europe spot rates at $4.29/kg. Both trade lanes are 13% above last year’s levels. \u003c/p\u003e\u003cp\u003eTonnage from Hong Kong to Europe in week 42 was up 25% on the already strong levels in the same week last year, with tonnage through the first three weeks of October up 12% sequentially compared to the average weekly volume moved in September. \u003c/p\u003e\u003cp\u003eThe Baltic Air Index (BAI) assessed average spot rates from Shanghai to North Europe this week at $4.52/kg, the highest rate level on the trade lane this year and up 19% on the same week in 2023. \u003c/p\u003e\u003cp\u003eBogen Chi, director of air freight at C.H. Robinson, said elevated air freight demand has continued for three quarters and shows no signs of slowing as the end of year approaches. \u003c/p\u003e\u003cp\u003e“Booming demand for e-commerce from Asia, air diversions from disruptions in the Red Sea and shippers using air to mitigate the effects of the US East and Gulf coast port strike have all contributed to the usual peak season,” Chi said in a customer advisory this week. \u003c/p\u003e\u003cp\u003e\u003cb\u003eDecline in China-US tonnage\u003c/b\u003e \u003c/p\u003e\u003cp\u003eAlthough Asia-to-US air cargo demand has risen steadily since the Golden Week holidays, China-US tonnage alone was down 18% year over year last week, part of a wider pattern of a decline in tonnage on the trans-Pacific in the second half that WorldACD believes was triggered by growing US scrutiny on e-commerce imports. \u003c/p\u003e\u003cp\u003eThe White House in July proposed a rule that would \u003ca href=\"https://www.joc.com/article/white-house-takes-aim-at-growing-threat-of-de-minimis-imports-5727350\"\u003eapply section 301 tariffs to de minimis shipments\u003c/a\u003e, a part of US trade law that allows single shipments valued at less than $800 to move duty-free and with fewer data submission requirements. Currently, section 301 tariffs cover approximately 40% of US imports from China, including 70% of Chinese textile and apparel imports. \u003c/p\u003e\u003cp\u003eAlthough the $800 threshold has not yet been lowered, Chi warned air freight importers this week to keep regulatory and compliance issues on their radar. \u003c/p\u003e\u003cp\u003e“With the upcoming US election and new security measures anticipated across Europe, more regulatory shifts are likely on the horizon in 2025 and could have an impact on capacity,” he said. \u003c/p\u003e\u003cp\u003e“For example, should the de minimis threshold be lowered, air capacity would likely open as most of the e-commerce freight using air now would be at risk of being held at the border,” Chi added. \u003c/p\u003e\u003cp\u003eShould capacity be released into the market, it would ease the limited space and lower rates from currently elevated levels, leaving shippers with fixed-rate agreements or chartered-in capacity stuck on prices above the prevailing market. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Tonnage from Hong Kong to Europe last week was up 25% on the already strong levels in the same week last year. Photo credit: Sportcarhub / Shutterstock.com","__typename":"Metadata"},"ModDate":"1730460194093","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729870465000","TitlePlainText":"Asia-Europe air cargo demand jumps while ‘de minimis’ scrutiny hampers trans-Pac","Published":true,"Redirects":[{"Path":"/article/asia-europe-air-cargo-demand-jumps-while-de-minimis-scrutiny-hampers-trans-pac-5778528","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half has fallen far below year-over-year levels following greater scrutiny by US authorities on e-commerce imports.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half has fallen far below year-over-year levels following greater scrutiny by US authorities on e-commerce imports.","__typename":"Document"},{"Id":"5778478_JournalOfCommerce","Attachments":[{"FileName":"5778363_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe scale generated by a combined DB Schenker-DSV entity will be accompanied by an expanding portfolio of services from which to generate greater earnings, according to DSV CEO Jens Lund. \u003c/p\u003e\u003cp\u003e“If we look at our commercial approach, it is a misconception that we want to grow the share of wallet with our customers by sacrificing our yield,” Lund told investors during the company’s third-quarter earnings call this week. \u003c/p\u003e\u003cp\u003eThe value of a DB Schenker acquisition — a deal \u003ca href=\"https://www.joc.com/article/dsv-takeover-signals-end-to-150-years-of-db-schenker-brand-5730873\"\u003esealed by DSV for €14.3 billion ($15.9 billion)\u003c/a\u003e in September — was \u003ca href=\"https://www.joc.com/article/db-schenker-customers-spooked-by-dsv-takeover-welcome-at-dhl-ceo-5733653\"\u003ecalled into question by several other parties\u003c/a\u003e. Kuehne + Nagel, DHL Global Forwarding and Maersk withdrew their own interest in Schenker, primarily citing the integration challenges involved. \u003c/p\u003e\u003cp\u003eBut Lund had no such concerns and was confident the takeover of DB Schenker, which will be finalized in the second quarter of next year, will be a significant boost to earnings for the world’s soon-to-be largest forwarder. \u003c/p\u003e\u003cp\u003eWhile he acknowledged the combined business of DSV and DB Schenker might result in some customers being uncomfortable with the larger entity handling too great a share of their business, Lund did not believe that would be an issue. \u003c/p\u003e\u003cp\u003e“We do want to grow the share of wallet with our customers as we increase the pipeline, and we will get into a position where we are relevant for more business with our customers,” he told analysts. \u003c/p\u003e\u003cp\u003e”What we focus on is creating more gross profit,” Lund added. “When we get Schenker in, it will support our commercial approach because our service catalogue will be stronger, so we will be able to produce even more services for our customers.” \u003c/p\u003e\u003cp\u003eDespite combining two of the world’s largest forwarders, the joint business will have just a 7% share of the highly fragmented global forwarding market. In terms of global ocean volume, Kuehne + Nagel remains at the top with 4.34 million TEUs annually against 4.30 million TEUs for the combined DSV-DB Schenker, with DHL Global Forwarding third at 3 million TEUs. \u003c/p\u003e\u003cp\u003eDSV-DB Schenker is clearly ahead in air freight volume, handling a combined 2.45 million tons in 2023 against 1.90 million tons for Kuehne + Nagel and 1.67 million tons for DHL Global Forwarding. \u003c/p\u003e\u003ch3\u003e‘No major regulatory obstacles ahead \u003c/h3\u003e\u003cp\u003eDSV has already obtained most of the regulatory approvals required globally for the Schenker takeover. Lund said he did not see “any major obstacles” in securing the remaining approvals, including from Chinese authorities. \u003c/p\u003e\u003cp\u003eAttention has now tuned to how DSV will pay for the acquisition. “We launched a capital increase to partly finance the transactions that we will have to pay as soon as we have done all the regulatory approvals, which we are working on right now,” Lund said. “We started that the day we announced the acquisition.” \u003c/p\u003e\u003cp\u003eThe forwarder raised €5 billion in equity from long-term investors following a share sale after the deal was \u003ca href=\"https://www.joc.com/article/union-government-hurdles-ahead-in-dsvs-16-billion-takeover-of-db-schenker-5727281\"\u003eapproved by DB Schenker parent Deutsche Bahn\u003c/a\u003e on Sept. 13. CFO Michael Ebbe told analysts the remaining amount — which, after interest, could top €10 billion — will be collected through bonds and loans, likely before the end of the year. \u003c/p\u003e\u003cp\u003eAs the acquisition process unfolds, integration planning has begun. DSV is preparing as much as possible before the closing, including system integration and consolidation of physical infrastructure. \u003c/p\u003e\u003cp\u003e“We are preparing as much as we can with the Schenker team before we close the transaction, but it cannot be something that involves customers or vendors and is more structural,” Lund noted. \u003c/p\u003e\u003cp\u003eDB Schenker will be incorporated into the DSV brand, a path followed by the three major acquisitions DSV has made over the past decade \u003ca href=\"https://www.joc.com/article/dsv-buys-uti-for-135-billion-5205537\"\u003e— acquiring UTi in 2015\u003c/a\u003e for $1.35 billion, \u003ca href=\"https://www.joc.com/article/newly-combined-dsv-panalpina-targets-trans-pacific-trade-5226703\"\u003ePanalpina in 2019\u003c/a\u003e for $4.6 billion and \u003ca href=\"https://www.joc.com/article/size-equals-value-in-fragmented-market-dsvs-andersen-5248808\"\u003eAgility’s Global Integrated Logistics in 2021\u003c/a\u003e for $4.2 billion. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The integration of DB Schenker into DSV is expected to be finalized in the second quarter of next year. Photo credit: Trygve Finkelsen / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1729871839703","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729865960000","TitlePlainText":"Value of Schenker takeover will manifest in expanding services: DSV CEO","Published":true,"Redirects":[{"Path":"/article/value-of-schenker-takeover-will-manifest-in-expanding-services-dsv-ceo-5778478","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eJens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity’s reach.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Jens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity’s reach.","__typename":"Document"},{"Id":"5773604_JournalOfCommerce","Attachments":[{"FileName":"5778388_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eOcean carriers have waived or refunded about $3.2 million in disputed per diem charges levied against shippers since the start of the pandemic amid heightened regulatory monitoring, the US Federal Maritime Commission (FMC) said this week. \u003c/p\u003e\u003cp\u003eThe figure, though a small fraction of the overall charges collected by carriers, is up from the $1.7 million in refunds and waivers the \u003ca href=\"https://www.joc.com/article/pandemic-shipping-reform-boost-caseload-for-harried-fmc-5215686\"\u003eFMC had helped secure by this time last year\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eThe $3.2 million doesn’t include any amounts settled privately between shippers and carriers, nor does it include settlements that were already part of a formal enforcement hearing. \u003c/p\u003e\u003cp\u003eThe FMC has faced a surge in its caseload since streamlining the process for shippers to file a so-called charge complaint against ocean carriers. The agency said it will initiate a rulemaking in 2025 for a permanent procedure for charge complaints. \u003c/p\u003e\u003cp\u003eThe funds clawed back through Sept. 30 are linked to detention and demurrage charged during a period when many shippers found their containers inaccessible or faced a lack of drayage and warehouse capacity. The FMC said that the nine largest ocean carriers collected $13.8 billion in detention and demurrage from shippers between April 2020 and September 2023. \u003c/p\u003e\u003cp\u003eMore refunds and waivers for shippers could be in the offing. The FMC, during an open meeting on Tuesday, said its Bureau of Enforcement, Investigations, and Compliance (BEIC) is “subpoenaing information and deposing witnesses as part of major investigations examining potentially unlawful behavior by regulated entities.” It added that the priority is investigating ocean carriers and marine terminal operators “where the alleged misconduct negatively impacts the industry or causes market distortion.” \u003c/p\u003e\u003cp\u003eOn more recent events, the FMC said the BEIC is “reviewing any allegations of misconduct involving \u003ca href=\"https://www.joc.com/article/ila-usmx-agree-on-new-wage-offer-and-contract-extension-that-reopens-ports-5741882\"\u003ethe recent work stoppage at ports on the US East and Gulf coasts\u003c/a\u003e with the intent of prosecuting instances of unlawful conduct.” The FMC did not elaborate on the nature of the possible allegations linked to the brief strike. \u003c/p\u003e\u003cp\u003eThe Agriculture Transportation Coalition (AgTC) said in a statement Wednesday the BEIC’s enforcement actions are having a tangible effect on billing practices as both carriers and terminals avoid running afoul of \u003ca href=\"https://www.google.com/url?sa=t\u0026amp;rct=j\u0026amp;q=\u0026amp;esrc=s\u0026amp;source=web\u0026amp;cd=\u0026amp;cad=rja\u0026amp;uact=8\u0026amp;ved=2ahUKEwign_2a36eJAxWSv4kEHTZpE3gQFnoECBYQAQ\u0026amp;url=https%3A%2F%2Fwww.joc.com%2Farticle%2Fbiden-signs-osra-22-shipping-reform-into-law-5194881\u0026amp;usg=AOvVaw2Ii5Svl8NPDI6vG2fceJju\u0026amp;opi=89978449\"\u003ethe Ocean Shipping Reform Act of 2022 (OSRA-22)\u003c/a\u003e. \u003c/p\u003e\u003cp\u003e“The combination of stepped-up enforcement and the commission’s proactive formal and informal approach is showing signs of encouraging carriers and terminals, on their own, to rescind conduct that may violate OSRA,” AgTC said. “Recent examples include carriers rescinding unreasonable plans to impose force majeure, surcharges and/or rate increases during the recent/current longshore contract negotiations.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Michael Angell at \u003c/i\u003e\u003ca href=\"mailto:michael.angell@spglobal.com\"\u003e\u003ci\u003emichael.angell@spglobal.com\u003c/i\u003e\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The Federal Maritime Commission said it’s conducting \"major investigations\" as part of ongoing oversight of ocean carrier billing practices. Photo credit: Sven Hansche / Shutterstock.com. ","__typename":"Metadata"},"ModDate":"1729887495163","Taxonomy":{"MainCategory":[{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Michael Angell, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729857600000","TitlePlainText":"FMC continues clawing back per diem charges for shippers","Published":true,"Redirects":[{"Path":"/article/fmc-continues-clawing-back-per-diem-charges-for-shippers-5773604","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe agency said it has secured more refunds and waivers for shippers in disputes with ocean carriers over detention and demurrage charges, with more investigations pending. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The agency said it has secured more refunds and waivers for shippers in disputes with ocean carriers over detention and demurrage charges, with more investigations pending.","__typename":"Document"},{"Id":"5765307_JournalOfCommerce","Attachments":[{"FileName":"5765306_0.1.jpg","FileType":"Nondownloadable","Title":null,"__typename":"Attachment"},{"FileName":"5771805_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eWhile freight contracting for 2025 may seem a long way off for many, the factors affecting the strategy for beneficial cargo owner (BCO) freight for next year are more immediate — and potentially more exponentially disruptive. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow float-right-element\"\u003e\u003cimg src=\"/images/phoenix/5765306_0.1.jpg\"\u003e\u003c/img\u003e\u003c/div\u003e\u003cp\u003eThe most immediate is the outcome of the US presidential election on Nov. 5. A Harris administration is likely to keep the status quo vis-à-vis China. A Trump administration has declared a tariff war on all countries, but particularly China. Whether this is just preelection populist bluster or not, it is reasonable for any importer in the US to plan for a scenario of tariff disruption and major unpredictability. \u003c/p\u003e\u003cp\u003eThe most likely outcomes if a Trump administration delivers its (most recent) promise for 200% tariffs would be an unknown/unplanned increase in landed cost due to increased tariffs from a single destination. Or it could potentially be different landed-cost increases should the importer have similar or the same products sourced on a distributed basis (multiple origins). What is also unknown is the timing of any increases, whether it be across the board for all imports, whether it applies for product on the water or whether it is sourced after a certain date. Many other variations could also apply. \u003c/p\u003e\u003cp\u003eImporting BCOs in any of these scenarios need to involve all parts of the organization now because these outcomes (and others they will also have considered) will affect their ability to sell and compete in the US. Let me clarify: Take a scenario where a business competes with locally assembled and/or produced goods or even goods sourced from somewhere other than China. As of today, you have a likely comparative advantage as the lower-cost player. Depending on where you import from, that advantage may disappear, assuming price is the key determinant of consumer purchase decision-making (not allowing for your competitor(s) claiming “Made in the USA” to further erode your advantage). You have an existential problem and will immediately need to raise your price, even before you take any other action. You will then need to reconsider your sourcing strategy, assuming you have no domestic production. It is reasonable to assume your suppliers will have a limited margin to reduce their price; shipping is subject to major fluctuations, although you can try to smooth your imports, which will increase inventory and warehousing costs. \u003c/p\u003e\u003ch3\u003eUS exporters not untouched \u003c/h3\u003e\u003cp\u003eThis does not leave US exporters untouched. It is also reasonable to assume that increased tariffs on imports will prompt retaliatory action by the governments of the origin countries affected. This may mean the usual ways of suddenly discovering that US-origin products don’t meet a new, unheard of or unneeded requirement that only affects US-origin products — ranging from tariff increases or outright bans on imports (again, assuming the product is not competing domestically and is needed). \u003c/p\u003e\u003cp\u003eThe options for the exporters are more limited but no less problematic. If the product is a traded agriculture product, then the options are to increase prices or not buy or trade at all. Alternatively, as for secondary (B2B) or final state (B2C) products, the option is to push the product to the domestic market or to other nonretaliatory international markets. The remaining option for those exporters is to stop export production. This will reduce operating expenses but increase costs, as there is less volume to spread selling, general and administrative costs and other operational fixed costs. \u003c/p\u003e\u003cp\u003eThe industry sector that should convince the Trump administration of the folly of tariffs is the automotive sector. It is true there are many imports of foreign cars; these are for a specific consumer section that does not overly impact most of the domestic production. Raising tariffs on these vehicles may not actually reduce their demand. However, by penalizing importers, there is the risk of retaliation, which could have awful consequences for the export of automotive parts made in the US. Finally, if China is targeted, you can imagine the impact for Tesla sales in China, notwithstanding that it produces many cars locally in China. \u003c/p\u003e\u003cp\u003eNone of these options and alternatives are viable in the long term and will do significant harm to companies and individuals/voters. Let’s hope economic sense prevails. \u003c/p\u003e\u003cp\u003eThe other looming issue is the completion of the master contract between the International Longshoremen’s Association and the United States Maritime Alliance. It is too late now to change tack should these negotiations blow up before the Jan. 15 deadline. The only encouraging thought is volumes are usually lower in January and some inventory delays will probably not greatly affect operations, assuming importers have some degree of buffer inventory \u003c/p\u003e\u003cp\u003e\u003ci\u003eJohn McCauley, formerly a long-standing vice president of transportation and logistics at Cargill, now consults for shippers. Contact him at john-mccauley1@outlook.com.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":"John McCauley ","AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":" It is reasonable to assume that increased US tariffs on imports will prompt retaliatory action by the governments of the origin countries affected, according to John McCauley. Photo credit: ABCDstock / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1729602794690","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729543994000","TitlePlainText":"Potential Trump tariffs would reset business strategy for US importers: analyst","Published":true,"Redirects":[{"Path":"/article/potential-trump-tariffs-would-reset-business-strategy-for-us-importers-analyst-5765307","__typename":"Redirect"},{"Path":"/article/potential-trump-tariffs-would-re-set-business-strategy-for-us-importers-analyst-5765307","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eIt’s not too soon for BCOs to begin game-planning for the results of the US presidential election and what a slew of new tariffs in a possible Trump administration could mean for importers, writes shipper consultant John McCauley. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"It’s not too soon for BCOs to begin game-planning for the results of the US presidential election and what a slew of new tariffs in a possible Trump administration could mean for importers, writes shipper consultant John McCauley.","__typename":"Document"},{"Id":"5765302_JournalOfCommerce","Attachments":[{"FileName":"5764946_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe decision to delay the European Union Deforestation Regulation (EUDR) for at least 12 months will not help small farmers avoid having their products barred from Europe unless existing traceability elements within the current law are amended to exclude those farmers, according to the Southeast Asian palm oil industry. The EUDR was due to be rolled out on Dec. 31. \u003c/p\u003e\u003cp\u003eKhalil Manaf Hegarty, a trade and sustainability consultant for palm oil producers, said while postponing the law offered temporary relief to smallholding farmers, key concerns around the regulation remain. \u003c/p\u003e\u003cp\u003e“Palm oil smallholders and small businesses will continue to be excluded from European export markets,” Hegarty told the \u003ci\u003eJournal of Commerce\u003c/i\u003e Monday. “There is still no adequate exemption for smallholder farmers...this is the case in Indonesia as well as in European states.” \u003c/p\u003e\u003cp\u003eThe EUDR was to be implemented at the end of December but following widespread concerns from industry associations around the world, the European Commission earlier this month called for a 12-month delay. Once agreed by the European Parliament, the implementation will be deferred to Dec. 30, 2025, for large companies and to June 30, 2026, for small companies. \u003c/p\u003e\u003cp\u003eBut small farmers of commodities such as palm oil or cocoa remain concerned about the demanding traceability requirements of the regulation and have \u003ca href=\"https://www.joc.com/article/eus-anti-deforestation-law-a-barrier-to-trade-lobby-groups-5703039\"\u003edescribed the EUDR as a barrier to trade\u003c/a\u003e. Lobby groups and supply chain risk experts warned that it \u003ca href=\"https://www.joc.com/article/eu-anti-deforestation-law-poised-to-roil-markets-supply-chain-experts-5703178\"\u003ewould raise consumer prices in Europe and constrain demand\u003c/a\u003e with shippers from high-risk regions potentially forced to remove Europe as an export destination. \u003c/p\u003e\u003cp\u003e”The EUDR in its current form remains overly burdensome, particularly for small operators, and this still needs to be addressed,” Hegarty said. \u003c/p\u003e\u003cp\u003eThe overarching challenge of the EU Deforestation Regulation will be to link a specific commodity or product with information about its origins. Tracing each individual element to a specific plot of land becomes particularly difficult when the product involves a highly complex blending process, such as palm oil or pulp and paper. Mixing compliant and noncompliant commodities, or commodities of unknown origin, is not allowed and would render the whole shipment noncompliant and unable to be placed on the EU market. \u003c/p\u003e\u003ch3\u003eMore time for due diligence\u003c/h3\u003e\u003cp\u003eDelaying the regulation is intended to give countries outside the EU single market, EU member states, operators and traders more time to prepare for their due diligence obligations to ensure certain commodities and products containing soy, palm oil and other specific materials that are sold in or exported from the EU are deforestation-free. \u003c/p\u003e\u003cp\u003eThe regulation specifically covers seven commodities — cattle, cocoa, coffee, palm oil, rubber, soy and timber. When the regulation does take effect, those products “placed in or exported by the EU” will have to provide documentary proof that neither the products, nor any derivative of the products, originated from land that has been deforested dating back to Dec. 31, 2020. \u003c/p\u003e\u003cp\u003eJames McCulloch, head of animal feed at the UK’s Agricultural Industries Confederation (AIC), described the European Commission decision to delay the ruling as “inevitable,” owing to “a concerning lack of clarity” over the policy. \u003c/p\u003e\u003cp\u003e\"We fully recognize the need to preserve forests while at the same time securing supplies of sustainable raw materials to feed people,” McCulloch said in a statement. “(But) the severe lack of legal clarity from the EU Commission presented many challenges for the whole sector.” \u003c/p\u003e\u003cp\u003eHeidi Brock, CEO of the American Forest \u0026amp; Paper Association, also welcomed the extension of the EUDR implementation deadline. \u003c/p\u003e\u003cp\u003e“We appreciate the EU Commission for being responsive to US government officials and the numerous partners across the globe who have voiced concerns about the complex requirements and significant technical barriers of EUDR,” Brock said in a statement. \u003c/p\u003e\u003cp\u003e”We believe in balanced and achievable regulations and are a strong proponent of international efforts to address deforestation and forest degradation,” she added. “As such, we welcome the commission’s commitment to a stronger cooperation framework.” \u003c/p\u003e\u003cp\u003eHowever, Hegarty was unimpressed with the “cooperation framework” outlined in the regulation that he said was inadequate for smaller farmers wanting to use existing sustainability frameworks, such as certification schemes. \u003c/p\u003e\u003cp\u003e“The framework says they will cooperate to certify and bring farmers into compliance, but a 12-month delay and no clear funding commitments seems wholly inadequate given the scale of the task,” he said. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The EU’s deforestation regulation will be deferred to Dec. 30 next year for large companies and to June 30, 2026, for small companies. Photo credit: Lecker Studio / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1729547595347","Taxonomy":{"MainCategory":[],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729543454000","TitlePlainText":"Delay in Europe’s deforestation rule does not address key issues: Palm oil industry","Published":true,"Redirects":[{"Path":"/article/delay-in-europes-deforestation-rule-does-not-address-key-issues-palm-oil-industry-5765302","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eSmall farmers of commodities such as palm oil or cocoa remain concerned about the demanding traceability requirements of the regulation that is seen as a barrier to trade with the European Union.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Small farmers of commodities such as palm oil or cocoa remain concerned about the demanding traceability requirements of the regulation that is seen as a barrier to trade with the European Union.","__typename":"Document"},{"Id":"5764924_JournalOfCommerce","Attachments":[{"FileName":"5764923_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe US Department of Transportation is providing $25 million toward further development of a proposed container terminal on the coast of Oregon, one of several port-related projects the agency will fund over the next two years through its latest round of infrastructure grants. \u003c/p\u003e\u003cp\u003eThe DOT said Monday it will award a total of $4.2 billion in grants for 2025 and 2026 under the National Infrastructure Project Assistance (MEGA) and the Infrastructure for Rebuilding America (INFRA) programs, which were created under the Biden administration's Bipartisan Infrastructure Law that authorizes some $108 billion for transportation-related projects. \u003c/p\u003e\u003cp\u003eAmong INFRA grantees are the Pacific Coast Intermodal Port (PCIP), a joint project of the Oregon International Port of Coos Bay and industrial real estate developer NorthPoint Development. The $25 million grant will fund preliminary engineering, design and environmental review of \u003ca href=\"https://www.joc.com/article/coos-bay-developer-sees-tailwind-for-proposed-west-coast-box-terminal-5228060\"\u003ea proposed 1.2 million-TEU capacity container terminal at Coos Bay\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eThe PCIP entails deepening and widening the port’s channel to handle container ships, construction of a new rail-served container terminal and improvements to some 120 miles of rail track, including heightening tunnel clearances to allow the double-stacking of containers. \u003c/p\u003e\u003cp\u003eIn 2022, the PCIP had applied, unsuccessfully, for a $1.4 billion MEGA grant. Nevertheless, the Port of Coos Bay said the smaller INFRA grant “helps the port move forward with its catalytic infrastructure plans.” \u003c/p\u003e\u003cp\u003e“The INFRA grant is a game-changer for the Port of Coos Bay and the Pacific Coast Intermodal Port Project,” PCIP Executive Director Melissa Cribbins said in a statement. \u003c/p\u003e\u003cp\u003eOther port projects that won INFRA grants include the Maryland Port Administration, which secured $30.9 million for the reconstruction of a berth at the Port of Baltimore’s Dundalk Marine Terminal, which primarily serves roll-on/roll-off cargo. \u003c/p\u003e\u003cp\u003eThe Port of Tampa Bay will receive a $22 million grant next year toward a berth expansion project at its East Port Omniport facility that will enable it to handle vessels up to 800 feet in length. The Port of Miami will receive $25 million in 2026 for the purchase of electric and hybrid yard equipment, including the replacement of diesel-powered refrigerated container racks with electric-powered racks. \u003c/p\u003e\u003ch3\u003eBoost for intermodal projects \u003c/h3\u003e\u003cp\u003eIntermodal is also a beneficiary of the INFRA grants. South Carolina’s Department of Transportation will receive $195 million over the next two years toward the rebuilding of a portion of Interstate 526 adjacent to the Port of Charleston’s Wando Welch terminal, with the goal of reducing wait times for truckers and moving port-related traffic off local roads. \u003c/p\u003e\u003cp\u003eThe North Central Texas Council of Governments will receive $80 million in 2026 toward the construction of a 15-mile dedicated truck corridor between BNSF Railway’s Alliance intermodal terminal and nearby distribution and warehouse facilities. \u003c/p\u003e\u003cp\u003eThe Port of Philadelphia secured $217 million in funds under the MEGA program over the next two years that will be used for expanding the SouthPort terminal, \u003ca href=\"https://www.joc.com/article/philaport-readies-ocean-terminal-for-more-boxes-as-asia-service-launches-5234928\"\u003ea multipurpose facility that the port said could be used at some point for container activities\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eThe Brooklyn Marine Terminal, \u003ca href=\"https://www.joc.com/article/ny-nj-port-swaps-assets-with-nyc-to-grow-brooklyn-staten-island-terminals-5240818\"\u003enow under the control of New York City\u003c/a\u003e, will receive $163.8 million in MEGA grants over the next two years for the reconstruction of its piers, along with related roadway improvements designed to reduce truck traffic. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Michael Angell at \u003c/i\u003e\u003ca href=\"mailto:michael.angell@spglobal.com \"\u003e\u003ci\u003emichael.angell@spglobal.com\u003c/i\u003e\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The proposed Coos Bay container terminal applied, unsuccessfully, to get a much larger grant in 2022. Photo credit: Manuela Durson / Shutterstock.com. ","__typename":"Metadata"},"ModDate":"1729549458580","Taxonomy":{"MainCategory":[{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"40","Name":"Port infrastructure","Redirects":[{"Path":"/maritime/port-news/port-infrastructure","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Michael Angell, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729537154000","TitlePlainText":"Proposed Oregon container terminal among projects winning DOT grants","Published":true,"Redirects":[{"Path":"/article/proposed-oregon-container-terminal-among-projects-winning-dot-grants-5764924","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe US Department of Transportation’s latest round of infrastructure grants also target port-adjacent roadways, berth expansions and yard equipment electrification. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The US Department of Transportation’s latest round of infrastructure grants also target port-adjacent roadways, berth expansions and yard equipment electrification.","__typename":"Document"},{"Id":"5751938_JournalOfCommerce","Attachments":[{"FileName":"5751861_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eWaveBL, an electronic bill of lading (eBL) software vendor, this week said a test of its product demonstrated the use of digital shipping documents enabled more efficient payments and cargo release for shippers. The test involved ocean carrier Mediterranean Shipping Co. and five banks using the international payment network known as SWIFT (Society for Worldwide Interbank Financial Telecommunication). \u003c/p\u003e\u003cp\u003eThe eBLs were related to so-called letters of credit, where a bank finances the production of goods by an importer or exporter and then is repaid when the supplier is paid by the buyer of the goods. The timing of those payments is directly related to the transfer of the title of the goods, which is generally done through physical bills of lading. \u003c/p\u003e\u003cp\u003eThe test, according to WaveBL, showed that eBLs sped the transfer of documents from the exporter to the importer using the WaveBL platform as a shared ledger, with the banks using the SWIFT network. \u003c/p\u003e\u003cp\u003e“This streamlined process allows for payments to be received within hours, rather than days, as is often the case with transactions that involve the physical transfer of documents,” WaveBL said in a statement. “Similarly, with the eBLs surrendered back to MSC on the platform, the importer was able to collect the goods at the port of destination without delay.” \u003c/p\u003e\u003cp\u003eMSC and Zim Integrated Shipping Services are both WaveBL customers, while other shipping lines have gravitated toward WaveBL competitors such as IQAX and Bolero. \u003c/p\u003e\u003cp\u003eThe involvement of SWIFT is significant, given it was one of four organizations that in September 2023 committed to supporting the migration of the shipping industry to digital bills of lading. \u003c/p\u003e\u003cp\u003eThe other three associations include the Digital Container Shipping Association (DCSA), the International Federation of Freight Forwarders Association (FIATA) and the International Chamber of Commerce (ICC). That group is known collectively as the FIT Alliance. \u003c/p\u003e\u003cp\u003eThey are supporting a commitment by DCSA’s shipping line members to move to 100% eBLs by 2030. While eBL activity is growing, it is off a low base, and the primary vendors still collectively facilitate about 1 million transactions a year in a shipping industry with more than 800 million TEUs of volume. \u003c/p\u003e\u003cp\u003eSome of the lack of traction is due to the difficulty in aligning banking regulations at origin and destination since banks must sign off on using an electronic document to represent title to the goods within a container. Among the banks to participate in the WaveBL test were Lloyds, Emirates NBD Bank and Federal Bank Limited. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"WaveBL is one of a number of vendors aiming to help shipping lines meet a 2030 target to digitize all bills of lading. Photo credit: Aun Photographer / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1729282095157","Taxonomy":{"MainCategory":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729279334000","TitlePlainText":"WaveBL says eBL test shows faster payments, cargo release","Published":true,"Redirects":[{"Path":"/article/wavebl-says-ebl-test-shows-faster-payments-cargo-release-5751938","__typename":"Redirect"},{"Path":"/article/wave-bl-says-ebl-test-shows-faster-payments-cargo-release-5751938","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe test showed that eBLs sped the transfer of documents from the exporter to the importer using the WaveBL platform as a shared ledger.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The test showed that eBLs sped the transfer of documents from the exporter to the importer using the WaveBL platform as a shared ledger.","__typename":"Document"},{"Id":"5751795_JournalOfCommerce","Attachments":[{"FileName":"5751756_0.1.png","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eIn what could be an ominous development for foreign container carriers in a growth-oriented market, India is seeking to repeal the 2018 legislation \u003ca href=\"https://urldefense.com/v3/__https:/www.joc.com/article/india-scraps-cabotage-rule-opens-domestic-freight-to-foreign-ocean-carriers-5229628__;!!DEyr4sPAfcQg!S1p17bcIFqlQj7d9dLhigcUBb8ttZP64JaB81EZSsqMVJ_VqWNBmpkIxHsxxS-f5XpMKJvyeDBmruSGtFI9yCWIHCzH2$\"\u003ethat abolished cabotage restrictions\u003c/a\u003e on the coastal shipping leg. \u003c/p\u003e\u003cp\u003eFollowing that liberalization, merchant ships of all flags have been in a position to move laden export-import containers for transshipment and empty containers for repositioning between Indian ports without any specific permission or license. \u003c/p\u003e\u003cp\u003eThe chief premise behind New Delhi’s rethinking — \u003ca href=\"https://urldefense.com/v3/__https:/www.joc.com/article/india-regulators-seek-vsa-trade-off-for-local-carriers-and-alliances-5742524__;!!DEyr4sPAfcQg!S1p17bcIFqlQj7d9dLhigcUBb8ttZP64JaB81EZSsqMVJ_VqWNBmpkIxHsxxS-f5XpMKJvyeDBmruSGtFI9yCV_rtHld$\"\u003ecoming on the heels of a revised antitrust immunity proposal for vessel-sharing agreements\u003c/a\u003e — is that Indian-registered container shipping fleets have suffered serious growth setbacks due to free market policies. Additionally, there has been a barrage of shipper complaints in recent years against foreign liners over wild rate moves. \u003c/p\u003e\u003cp\u003e“Given the stagnation in Indian-flagged container shipping and the steady freight rates in coastal trade, the Ministry of Shipping is considering the revocation of these [2018] general orders to streamline regulations and improve operational efficiency, potentially boosting domestic shipping,” India’s Directorate General of Shipping (DG Shipping) said in a public notice, while calling for industry feedback. “As the industry has faced both growth and challenges since these regulations came into effect, it is crucial to evaluate their impact on competitiveness, service costs, and the balance between large and small players.” \u003c/p\u003e\u003cp\u003eThe national maritime administrator noted that Indian container tonnage, albeit modest by scale historically, had been growing progressively until fiscal year 2018–19 when it was pegged at 54,859 TEUs, up about 28% year over year. That was followed by a declining trend through fiscal 2023–24, with the exception of one year. \u003c/p\u003e\u003cp\u003e“While global container shipping saw massive windfall profits, with some companies multiplying their earnings exponentially, Indian-flagged container shipping struggled to compete,” DG Shipping said. “Promoting Indian shipping through incentives and regulatory support could enhance service reliability and foster competition, positively influencing freight rates.” \u003c/p\u003e\u003cp\u003eWith intra-country trade access, mainliners have had a window to aggregate enough containers to achieve the critical mass needed to make direct Indian port calls viable, meaning greater gateway cargo availability. For example, Indian ports saw some 1.9 million TEUs of incremental direct-loading volumes in 2022 due to increased coastal activity. \u003c/p\u003e\u003ch3\u003eProposal seen as ‘regressive’ \u003c/h3\u003e\u003cp\u003eOfficials at the Container Shipping Lines Association (CSLA), the umbrella body for foreign liners in India, declined to comment on the government’s proposal. But several carrier executives voiced concerns, generally describing DG Shipping’s move as “unfortunate” and ”regressive.” \u003c/p\u003e\u003cp\u003e“It seems the government has been misled,” said one executive who did not want to be identified. “This will eventually only lead to delays in shipments and increases in logistics costs.” \u003c/p\u003e\u003cp\u003eEchoing that sentiment, another carrier executive argued that Indian containers will find their way to foreign hub ports for transshipment if foreign-flagged ships are regulated. “It will be a loss of volumes for Indian ports,” the source said. \u003c/p\u003e\u003cp\u003eStill, the proposal is gaining support from local industry supporters. \u003c/p\u003e\u003cp\u003e“The [possible] cabotage reinstatement is a welcome step and favors Indian shipping interests,” Anil Devli, CEO of the Indian National Shipowners Association (INSA), told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “It should drive investments in Indian container tonnage, which in turn will benefit domestic cargo owners, at least for regional trades in the near term.” \u003c/p\u003e\u003cp\u003eIndustry stakeholders have until Oct. 27 to file comments with DG Shipping. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Bency Matthew at \u003c/i\u003e\u003ca href=\"mailto:bencymathew@gmail.com\"\u003e\u003ci\u003ebencymathew@gmail.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"DP World's Unifeeder and Mediterranean Shipping Co. have considerable cargo feedering interests at Indian ports for transshipment trade. Photo credit: DP World Cochin.","__typename":"Metadata"},"ModDate":"1729281138697","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"44","Name":"International ports","Redirects":[{"Path":"/maritime/port-news/international-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Bency Mathew, Special Correspondent","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729267223000","TitlePlainText":"India’s renewed protectionist policies threaten foreign liner network expansions","Published":true,"Redirects":[{"Path":"/article/indias-renewed-protectionist-policies-threaten-foreign-liner-network-expansions-5751795","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe country could be on the verge of undoing legislation that abolished cabotage restrictions, saying the boost received by foreign-flag carriers has come at the expense of local shipping interests.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The country could be on the verge of undoing legislation that abolished cabotage restrictions, saying the boost received by foreign-flag carriers has come at the expense of local shipping interests.","__typename":"Document"},{"Id":"5751171_JournalOfCommerce","Attachments":[{"FileName":"5751161_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe three-day strike by dockworkers at East and Gulf coast ports earlier this month will bring a delayed reduction in capacity on some trade lanes and could affect cargo frontloading ahead of another potential work stoppage in January, container shipping analyst Lars Jensen said Thursday.\u003c/p\u003e\u003cp\u003eDespite its brevity, shippers can expect to see ongoing impacts on tonnage supply on some trade lanes from the \u003ca href=\"https://www.joc.com/article/ila-usmx-agree-on-new-wage-offer-and-contract-extension-that-reopens-ports-5741882\"\u003eOct. 1-3 strike\u003c/a\u003e, Jensen, CEO of Vespucci Maritime and a \u003ci\u003eJournal of Commerce\u003c/i\u003e analyst, told the South Carolina International Trade Conference. \u003c/p\u003e\u003cp\u003e“A three-day strike doesn’t sound like much but that doesn’t mean it’s over,” Jensen said. “The regular cost from just a three-day strike is going to be with us at least until the middle of November. Some of the ripple effects are only just now beginning to show themselves.”\u003c/p\u003e\u003cp\u003eAccording to data from Vespucci Maritime presented by Jensen, the Asia to US East Coast trade lane will see an approximate 17% drop in capacity in week 46, which begins Nov. 11. If the strike had lasted a week, that drop would have been about 40%. For trans-Atlantic shipments from Northern Europe, capacity will drop by about 10% in week 42 – the current week – and recover slightly before dropping again by 15% in week 44, said Jensen.\u003c/p\u003e\u003cp\u003eTwo weeks after the stoppage, ships on the trans-Atlantic backhaul trade are delayed for their arrivals to Europe, impacting export capacity, Jensen said. After three to four weeks, Latin America exports will be affected, with Asia exports impacted after five to six weeks, he said.\u003c/p\u003e\u003cp\u003e“These are simply dominoes that have fallen,” Jensen said. “Every time we have a problem somewhere in the world, this percolates through the system for months.” \u003c/p\u003e\u003cp\u003eCarriers have expressed similar concerns related to equipment availability and schedule impacts.\u003c/p\u003e\u003cp\u003e“The strike and [the] slow steaming around the Cape of Good Hope requires such an investment in assets so you have enough containers to get back to handle both sides of the ocean,” Stuart Sandlin, president of Hapag Lloyd/North America said during the South Carolina conference. “These disruptions really throw a kink in that supply chain ... That, for us as a carrier, is the worst scenario. Now, I have my ship, my $320 million asset, but there’s nothing to load because I don’t have the containers there.”\u003c/p\u003e\u003cp\u003eJensen, \u003ca href=\"https://www.joc.com/article/strike-bullet-dodged-for-now-but-raises-questions-of-market-resilience-analyst-5745208\"\u003ein a recent \u003ci\u003eJournal of Commerce\u003c/i\u003e commentary\u003c/a\u003e, previously identified mid-November as a tipping point — when the operational effects from the October strike could begin to fade at the same time supply chain concerns renew ahead of the Jan. 15 deadline for the International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) to reach a formal deal on a new master contract.\u003c/p\u003e\u003cp\u003eIf that contract isn’t agreed on soon, Jensen predicts another surge of cargo to the US ahead of the next potential labor disruption, further straining available capacity. The surge would be exacerbated if Donald Trump wins the November presidential election, bringing with it a threat of potential tariffs that would further drive volumes before Trump would take office in January.\u003c/p\u003e\u003cp\u003e”Again, working backwards, that would mean a surge in export cargo out of Asia,” Jensen said. “Just like when we had an early peak season [in the US] in the summer, we’re going to have an early peak season ahead of [Lunar New Year.]”\u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Laura Robb at \u003c/i\u003e\u003ca href=\"mailto:Laura.Robb@spglobal.com\"\u003e\u003ci\u003elaura.robb@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Container ships delayed by the early October strike along the East and Gulf coasts will have a snowball effect on vessel schedules. Photo credit: DreamHomeStudio / Shutterstock.","__typename":"Metadata"},"ModDate":"1729261695783","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"10","Name":"Port News","Redirects":[{"Path":"/maritime/port-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Laura Robb, Associate Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729194498000","TitlePlainText":"Ripple effects playing out globally from ILA strike: analyst","Published":true,"Redirects":[{"Path":"/article/ripple-effects-playing-out-globally-from-ila-strike-analyst-5751171","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eDespite its brevity, shippers can expect to see ongoing impacts on tonnage supply on some trade lanes from the Oct. 1-3 strike, Lars Jensen told the South Carolina International Trade Conference.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Despite its brevity, shippers can expect to see ongoing impacts on tonnage supply on some trade lanes from the Oct. 1-3 strike, Lars Jensen told the South Carolina International Trade Conference.","__typename":"Document"},{"Id":"5745953_JournalOfCommerce","Attachments":[{"FileName":"5745032_0.1.jpg","FileType":"Nondownloadable","Title":null,"__typename":"Attachment"},{"FileName":"5745950_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eOver several months beginning last November when the International Longshoremen’s Association (ILA) first mentioned the possibility of a strike — an innocuous reference in an unrelated press release — a realization slowly dawned on shippers that a sea change was occurring on the US East and Gulf coasts. \u003c/p\u003e\u003cp\u003eIf ports operated by ILA labor were for decades a dependable alternative to those reliant on the ILA’s perpetually disruptive West Coast counterpart, the International Longshore and Warehouse Union (ILWU), that assumption no longer holds true. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow float-right-element\"\u003e\u003cimg src=\"/images/phoenix/5745032_0.1.jpg\"\u003e\u003c/img\u003e\u003c/div\u003e\u003cp\u003eThe assumption of labor peace, demonstrated over the course of 13 peaceful contract negotiations since 1977 (the year of the last coastwide strike), was one of the key factors — along with demographic shifts and the 2016 expansion of the Panama Canal — that lead importers of goods from Asia to divert significant volumes from the West Coast to ports along the East and Gulf coasts. \u003c/p\u003e\u003cp\u003eAs every West Coast contract negotiation since the late 1990s was met with disruption on the docks and delays to cargo, the consistently peaceful waterfront along the East and Gulf coasts served as a reminder to shippers that a viable alternative to the West Coast exists, and they took advantage. \u003c/p\u003e\u003cp\u003eThe diversions were so predictable during the most recent disruptive West Coast negotiations that the Pacific Maritime Association (PMA) called it out in June 2023 in response to “coordinated and disruptive work actions” by the ILWU as the contract was being negotiated. \u003c/p\u003e\u003cp\u003e“The ILWU’s repeated disruptive work actions at strategic ports along the West Coast are increasingly causing companies to divert cargo to more customer-friendly and reliable locations along the Gulf and East coasts,” \u003ca href=\"https://www.pmanet.org/wp-content/uploads/2023/06/PMA-Update-6.9.23.pdf\"\u003ethe PMA said\u003c/a\u003e. \u003c/p\u003e\u003ch3\u003eThe ground has shifted \u003c/h3\u003e\u003cp\u003eThe message of labor peace on the East and Gulf coasts wasn’t just an impression; at industry conferences at Savannah, Charleston and other ports, ILA dockworkers took the mic when shippers were on stage, pledging support for their cargo and promising continued reliability. Such statements would never be heard on the West Coast. \u003c/p\u003e\u003cp\u003eNow, even though the strike \u003ca href=\"https://www.joc.com/article/ila-usmx-agree-on-new-wage-offer-and-contract-extension-that-reopens-ports-5741882\"\u003ewas suspended after three days\u003c/a\u003e when employers increased their offer to a 62% wage increase over the term of a new six-year contract, shippers believe something more profound has changed. \u003c/p\u003e\u003cp\u003eJust prior to the strike, Jonathan Gold, the vice president of Supply Chain and Customs Policy at the National Retail Federation, said even the threat of a work stoppage “will have an impact on the confidence that retailers have in labor stability at those ports.” \u003c/p\u003e\u003cp\u003e“Retailers have diversified their supply chains over the years, and we expect some to re-evaluate their use of certain ports moving forward, especially for discretionary cargo,” Gold said. \u003c/p\u003e\u003cp\u003eIt wasn’t just the mounting concern about the possibility of a strike that left the impression of a changed labor landscape. The dispute over jurisdiction of crane driver and yard worker jobs at Southeast ports, which led the \u003ca href=\"https://www.joc.com/article/zim-becomes-first-carrier-to-commit-to-reopened-leatherman-terminal-5735909\"\u003enew Hugh K. Leatherman Terminal\u003c/a\u003e in Charleston to be all but shut down three years after it opened in 2021, sent tremors that labor stability was no longer guaranteed. \u003c/p\u003e\u003cp\u003eContributing to the impression of shippers of an altered landscape on the East and Gulf coasts was how the contract negotiations played out this year, or more appropriately, didn’t. The ILA walked out of negotiations with the United States Maritime Alliance (USMX) in June and never returned to the table; even the terms of the tentative deal that ended the strike last week were mediated entirely through Biden administration officials, not face-to-face with the USMX. \u003c/p\u003e\u003ch3\u003ePermanent acrimony? \u003c/h3\u003e\u003cp\u003eFor 40-plus years, the ILA and USMX resolved their issues at the bargaining table, forging a shared commitment to stability that was understood by shippers watching the relationship from the sidelines and making supply chain decisions accordingly. \u003c/p\u003e\u003cp\u003eThus, even for carrier executives with long experience in dealing with the ILA, the inability to return to the table despite repeated invitations — which ultimately led the USMX \u003ca href=\"https://www.joc.com/article/usmx-tries-to-force-ila-back-to-contract-talks-with-nlrb-complaint-5736646\"\u003eto file an unfair labor practice case with the National Labor Relations Board\u003c/a\u003e — was wholly unfamiliar. Carriers being repeatedly demonized by union officials as “greedy” — among other adjectives — was also unfamiliar, further reinforcing the notion that the landscape had changed. \u003c/p\u003e\u003cp\u003eShippers are now wondering if the acrimony that has long characterized labor-management relations on the West Coast will become a permanent feature on the East and Gulf coasts as well. That possibility will be a contributing factor in internal corporate discussions over issues such as outsourcing. \u003c/p\u003e\u003cp\u003eCertainly, the next contract negotiation will be watched much more carefully than it was in the past and likely will prompt diversions that would never have been needed in prior years. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Peter Tirschwell at \u003c/i\u003e\u003ca href=\"mailto:peter.tirschwell@spglobal.com\"\u003e\u003ci\u003epeter.tirschwell@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Shippers are now wondering if the acrimony that has long characterized labor-management relations on the West Coast will become a permanent feature on the East and Gulf coasts as well, writes Peter Tirschwell. Photo credit: Daniel Wright98 / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1728500357860","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"45","Name":"Longshore labor","Redirects":[{"Path":"/maritime/port-news/longshore-labor","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Peter Tirschwell","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1728496274000","TitlePlainText":"Brief ILA strike alters once-placid labor landscape on East, Gulf coasts","Published":true,"Redirects":[{"Path":"/article/brief-ila-strike-alters-once-placid-labor-landscape-on-east-gulf-coasts-5745953","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eIf ports operated by ILA labor were for decades a dependable alternative to those reliant on the ILA’s perpetually disruptive West Coast counterpart, the ILWU, that assumption no longer holds true, writes Peter Tirschwell. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"If ports operated by ILA labor were for decades a dependable alternative to those reliant on the ILA’s perpetually disruptive West Coast counterpart, the ILWU, that assumption no longer holds true, writes Peter Tirschwell.","__typename":"Document"},{"Id":"5745363_JournalOfCommerce","Attachments":[{"FileName":"5745359_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eUS retailers are forecasting a modest year-over-year increase in imports this month to close out the 2024 peak shipping season, with most of the holiday merchandise already having entered the country due to the frontloading of imports from Asia this summer. \u003c/p\u003e\u003cp\u003eFurthermore, \u003ca href=\"https://www.joc.com/article/despite-tentative-wage-deal-usmx-and-ila-have-bumpy-road-ahead-on-other-key-issues-5743997\"\u003ethe brief three-day strike by the International Longshoremen’s Association (ILA)\u003c/a\u003e on the East and Gulf coasts is not expected to disrupt transportation supply chains ahead of the traditional beginning of the holiday shopping season, the National Retail Federation (NRF) said Tuesday. \u003c/p\u003e\u003cp\u003e“It was a huge relief for retailers, their customers and the nation’s economy that the strike was short-lived,” Jonathan Gold, NRF’s vice president for supply chain and customs policy, said in the group’s latest Global Port Tracker (GPT). \u003c/p\u003e\u003cp\u003e“It will take the affected ports a couple of weeks to recover, but we can rest assured that all ports across the country will be working hard to meet demand, and no impact on the holiday shopping season is expected,” Gold said. The GPT is published monthly by the NRF and Hackett Associates. \u003c/p\u003e\u003cp\u003eThe NRF is forecasting that 2024 retail sales, excluding automobile dealers, gasoline stations and restaurants, will grow between 2.5% and 3.5% over 2023. \u003c/p\u003e\u003cp\u003eThe latest GPT forecasts that US imports in October will be up 3.1% from October 2023. That is higher than the 1.3% increase it forecast in last month’s report. \u003c/p\u003e\u003cp\u003eNovember imports are now expected to be up 0.9% year over year, down from the previous forecast of a 1.6% increase, while imports in December are projected to be up 0.2%, compared with the previous forecast of a 1.6% increase from December 2023. \u003c/p\u003e\u003ch3\u003eAction shifts to West Coast ports \u003c/h3\u003e\u003cp\u003eAugust saw the highest volume of US imports since the record set in May 2022 due to the frontloading of imports this summer. West Coast ports are expected to outperform East and Gulf coast ports in October as retailers ship their time-sensitive holiday merchandise in time for the Black Friday sales after Thanksgiving. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"4ed96169-fa34-4b46-81e8-b67860854e39\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003e“The surge in imports over the past few months has clearly been the result of contingency imports by wholesalers, retailers and industrial companies in anticipation of the East and Gulf coast port strike, rather than a sudden increase in demand,” said Ben Hackett, founder of Hackett Associates. \u003c/p\u003e\u003cp\u003e“We may see \u003ca href=\"https://www.joc.com/article/southern-california-supply-chain-fluid-despite-surging-import-volumes-5730931\"\u003esome short-term congestion on the West Coast\u003c/a\u003e, but nothing significant, and \u003ca href=\"https://www.joc.com/article/us-east-gulf-coast-ports-confident-of-smooth-post-strike-reopening-5742607\"\u003eEast Coast delays should be limited\u003c/a\u003e,” Hackett added. \u003c/p\u003e\u003cp\u003eGPT forecasts total imports in 2024 will be up 12.1% from 2023. Imports in January, meanwhile, are forecast to be up 0.8% from January 2024, compared with the previous forecast of a 0.3% decrease. In its first forecast for February, GPT says imports will be down 11.2% year over year as many factories in Asia will be closed for a week or two for the 2025 Lunar New Year holidays that begin on Jan. 29. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Bill Mongelluzzo at \u003c/i\u003e\u003ca href=\"mailto:bill.mongelluzzo@spglobal.com \"\u003e\u003ci\u003ebill.mongelluzzo@spglobal.com\u003c/i\u003e\u003c/a\u003e.\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The impact of the short ILA strike on ports and inland supply chains in the coming weeks should be minimal, according to the National Retail Federation. Photo credit: ambient_pix / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1728419777117","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"10","Name":"Port News","Redirects":[{"Path":"/maritime/port-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Bill Mongelluzzo, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1728416533000","TitlePlainText":"US retailers expect modest import bump in October to close out peak season","Published":true,"Redirects":[{"Path":"/article/us-retailers-expect-modest-import-bump-in-october-to-close-out-peak-season-5745363","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eLast week’s three-day longshore strike on the East and Gulf coasts is not expected to disrupt transportation supply chains ahead of the traditional beginning of the holiday shopping season, the National Retail Federation said.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Last week’s three-day longshore strike on the East and Gulf coasts is not expected to disrupt transportation supply chains ahead of the traditional beginning of the holiday shopping season, the National Retail Federation said.","__typename":"Document"},{"Id":"5745208_JournalOfCommerce","Attachments":[{"FileName":"5745031_0.1.jpg","FileType":"Nondownloadable","Title":null,"__typename":"Attachment"},{"FileName":"5745224_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eIt could be said that global shipping dodged a bullet with the brief, three-day strike on the US East and Gulf coasts. However, it should be noted that the operational ripple effects will be felt until mid-November, \u003ca href=\"https://www.joc.com/article/despite-tentative-wage-deal-usmx-and-ila-have-bumpy-road-ahead-on-other-key-issues-5743997\"\u003eand the possibility of a new strike on Jan. 15\u003c/a\u003e could create a market impact from mid-November until the end of the year. And it also raises questions as to whether we should be concerned about the resilience of the supply chain linking the US to the rest of the world. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow float-right-element\"\u003e\u003cimg src=\"/images/phoenix/5745031_0.1.jpg\"\u003e\u003c/img\u003e\u003c/div\u003e\u003cp\u003eFirst, the ripple effects from the short strike. About 60 vessels had to drop anchor and await a port reopening during the strike. Those vessels will suffer a delay of at least three days. More vessels will suffer delays as the ports are unable to handle the backlog instantaneously. Consequently, those vessels will arrive back at origin in Europe, Asia and Latin America with a delay — in turn causing a drop in export capacity in those regions with a time delay equal to the usual transit time for cargo coming from the US. \u003c/p\u003e\u003cp\u003eThe shortest impact will be in Europe and the northern reaches of Latin America where this delay will be felt within the next two weeks, and the time delay will be longest to Asia, where the effect will not be felt until mid-November. \u003c/p\u003e\u003cp\u003eThe next issue would be a possible strike in mid-January. Chinese New Year is on Jan. 29. Usual seasonality would see significant volumes loaded from China to the US from the end of December and during January. If shippers are concerned about a new strike, we might expect to see a shift of some cargo away from the East Coast and over to the West Coast during this seasonal peak, as well as potentially an earlier shipment of cargo than usual. This could place some pressure on the trans-Pacific trade from early December, and on Asia-US West Coast during January especially. \u003c/p\u003e\u003cp\u003eThis issue can be avoided, of course, if the International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) reach final agreement on a new master contract within the next month and a half. \u003c/p\u003e\u003ch3\u003eWhat does a resilient supply chain mean? \u003c/h3\u003e\u003cp\u003eBut the broader question then arises: Is the supply chain to and from the US sufficiently resilient? Not only did we have to manage the pandemic ripple effects, but 2024 alone has had its own share of issues with the Red Sea crisis, a strong early peak season causing a surge in spot rates, \u003ca href=\"https://www.joc.com/article/canadas-labour-minister-orders-end-to-rail-work-stoppage-via-binding-arbitration-5709672\"\u003ethe last-minute cancellation of a rail strike in Canada\u003c/a\u003e and now the three-day strike at US East and Gulf coast ports. \u003c/p\u003e\u003cp\u003eIf by resilience we mean that the supply chain always has ample capacity no matter which problems arise, then the supply chain is not 100% resilient and it would be unrealistic to expect this to ever be the case — a practical example being the Red Sea crisis. Global supply chain stakeholders were lucky that the crisis erupted at a point in time when the carriers had created a substantial overcapacity of vessels. This allowed for vessels to divert around southern Africa without major issues. But had the carriers not over-ordered on vessels, 2024 would have looked very different as it would have been physically impossible to handle the full global trade volumes while having to divert around Africa. \u003c/p\u003e\u003cp\u003eHow about resilience in the face of potential strike actions? We have seen this issue multiple times in the past as well. We had the go-slow actions on the US West Coast in 2015 that led to an unprecedented pileup of vessels outside Los Angeles and Long Beach — only later superseded by the pandemic problems. We had the 10-day closure of West Coast ports in 2002. Strike action in different countries around the world is basically part of the normal way the market operates. This year has also seen port strikes in various places in Europe, as well as Australia. \u003c/p\u003e\u003cp\u003eIf resilience means never having to risk a bottleneck due to labor action, that has clearly never been the case — and likely never will be the case. \u003c/p\u003e\u003cp\u003eMarket participants yearning for a market where adverse events never lead to major supply chain hiccups are essentially asking for a reality that has never existed. \u003c/p\u003e\u003ch3\u003e‘Disruptive events’ loom \u003c/h3\u003e\u003cp\u003eIt is clear that carriers over-ordered vessels based on their profits in 2021–22, leading to significant overcapacity in 2023–24 that caused freight rates to drop to loss-making levels for carriers in late 2023. This was a clear illustration that there is not a willingness to pay for having resilience in the form of having excess capacity in case of a major disruption. In turn, this means that when such capacity is needed, it is expensive to tap into. \u003c/p\u003e\u003cp\u003eThe baseline expectation for the market in the future should be that the major swings we have seen since 2020 are not necessarily unusual events. We might very well be looking at a future where we will see more of these large swings between overcapacity and loss-making carriers interspersed with capacity crunches and very high freight rates whenever the market is hit by external disruptive events. \u003c/p\u003e\u003cp\u003eBut will we get such disruptive events? The list of potential events is, unfortunately, quite extensive and includes a spread of the Middle East crisis to the Strait of Hormuz, challenges with China in the South China Sea and Taiwan Strait, a rapidly escalating trade war if a new Trump administration places triple-digit tariffs on multiple countries, natural disasters destroying vital container terminals, and highly destructive cyberattacks. And this is before the “black swan” events that are completely unexpected, such as the sudden de facto closure of the southern Red Sea and Suez Canal. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Lars Jensen at \u003c/i\u003e\u003ca href=\"mailto:lars.jensen@vespucci-maritime.com\"\u003e\u003ci\u003elars.jensen@vespucci-maritime.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.  \u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":"Lars Jensen, CEO and Partner, Vespucci Maritime, and Journal of Commerce Analyst ","AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The list of potential disruptive events that could affect the global supply chain going forward is extensive, notes analyst Lars Jensen. Photo credit: Edssventura / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1728411434637","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1728398113000","TitlePlainText":"Strike bullet dodged for now, but raises questions of market resilience: analyst","Published":true,"Redirects":[{"Path":"/article/strike-bullet-dodged-for-now-but-raises-questions-of-market-resilience-analyst-5745208","__typename":"Redirect"},{"Path":"/article/strike-bullet-dodged-for-now-but-raises-larger-questions-of-market-resilience-analyst-5745208","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eMarket participants yearning for a market where adverse events never lead to major supply chain hiccups are essentially asking for a reality that has never existed, writes Lars Jensen.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Market participants yearning for a market where adverse events never lead to major supply chain hiccups are essentially asking for a reality that has never existed, writes Lars Jensen.","__typename":"Document"},{"Id":"5741807_JournalOfCommerce","Attachments":[{"FileName":"5741811_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eRefrigerated (reefer) container shippers using US East and Gulf coast ports are worried that if the International Longshoremen’s Association’s (ILA’s) strike continues for another week, they’ll be faced with equipment shortages and spoiling perishables, some of which are in their peak season. \u003c/p\u003e\u003cp\u003eAs the strike continues to affect several major US gateways for reefer cargo, such as Philadelphia and Wilmington, Del., the refrigerated container market is particularly at risk. Some shippers can still move goods via north-south services calling on non-unionized terminals, such as Seaboard in Miami, Gulf Stream in Houston, Penn in Philadelphia and Gloucester Terminal in New Jersey. \u003c/p\u003e\u003cp\u003eShifting South American exports to the West Coast remains a less-appealing option given the siloed nature of intermodal transit in South America and existing time constraints. \u003c/p\u003e\u003cp\u003eGiven the time-sensitive nature of the cargo and the growing queue of ships outside East and Gulf coast ports, the reefer market will reach its breaking point if the strike lasts more than a week, said Eric Brown, president at JTP Transportation and chair member of the Meat Import Council of America. \u003c/p\u003e\u003cp\u003eThe uncertainty around delivery dates and reefer equipment availability comes during the peak season for shipments of mangoes from South America, which Brown said are particularly vulnerable. \u003c/p\u003e\u003cp\u003e“We’re right at the start of [Brazil’s] mango season, but the mangoes are aging,” he said. “When they come in, [importers are] going to want everything immediately, which is a nice idea, but they’re going to jam up the warehouses [and] the ports. The industry only has a certain number of wheels to put all these containers on, and warehouses only have so much manpower.” \u003c/p\u003e\u003cp\u003eStill, mangoes are just one refrigerated commodity that shippers will be desperate to move when work resumes. Other fruits, such as grapes, blueberries and cherries generally land in the US in December and January. Ports that handle significant reefer volumes could be especially pressed when work resumes as shippers work to get their shipments off the boats and on to the shelves before their products expire. \u003c/p\u003e\u003cp\u003eBrown said reefer containers that are reliant on gensets — i.e., diesel-powered generators — rather than plug-in electricity are at greater risk of spoilage because some gensets turn off after just a few days without intervention. \u003c/p\u003e\u003cp\u003eEdison Escobar, director at cold-chain specialist Lineage Logistics, said Lineage \u003ca href=\"https://www.joc.com/article/truckers-pre-pull-imports-as-strike-set-to-close-east-gulf-coast-ports-5738656\"\u003epre-pulled as many of its customers’ containers as possible\u003c/a\u003e before marine terminals closed due to the strike. However, he said it’s likely some reefers remain inaccessible because they weren’t released in time or there was no truck available, in addition to those stuck on vessels outside the ports. \u003c/p\u003e\u003cp\u003e“The lack of monitoring is a big concern,” Escobar told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “Once we start pulling containers again, will there have been temperature deviations or spoilage? That’s a big unknown.”   \u003c/p\u003e\u003ch3\u003eLimited options \u003c/h3\u003e\u003cp\u003eIn the meantime, some shippers are utilizing terminals not affected by the strike to offload their reefer containers, such as Dole Ocean Cargo Express’ Gulfport, Miss., facility; Seaboard Marine’s terminal in Freeport, Texas; Crowley Maritime’s terminals in the Port of Jacksonville and Port Everglades; and the PSA Penn Terminal in Philadelphia, which serves the trans-Atlantic reefer trade.  \u003c/p\u003e\u003cp\u003eBut other major container gateways for cold-chain shipments including Philadelphia and Wilmington, Del. remain closed, and that will affect the independent distributors such as Fyffes and One Banana, according to Bill Duggan, a principal at cold-chain consulting firm Eskesen Advisory. \u003c/p\u003e\u003cp\u003eBrown said however long the ILA strike lasts, navigating the path to normal operations once it is over will be complex, especially for specialty cargo such as reefers, and the market reaction will take time to materialize. \u003c/p\u003e\u003cp\u003eIf ILA-served ports are slow to clear out the cargo when work resumes, vessel congestion could create a cascading logjam effect. Conversely, if the work is done too rapidly, there could be a surge in empty equipment tied up on the water, disrupting reefer positioning. \u003c/p\u003e\u003cp\u003eDuggan said carriers need to start staging empty reefer containers in South America by December to handle the peak season, but for now, there appear to be no major container imbalances and cold-chain storage capacity is available.  \u003c/p\u003e\u003cp\u003eThe resumption of operations could also bring additional costs for shippers. During the port strike, refrigerated shippers don’t have to worry about paying demurrage for reefers stuck inside terminals, as all operators have agreed to waive those fees. However, in the rush to remove containers once the terminals open, Escobar said that delays could push containers past their free time.   \u003c/p\u003e\u003cp\u003eDry container trade in and out of Brazil has yet to see any impact from the ILA strike, but Marcelo Machado, sales consultant at CSS Logistics, said some ripple effects are inevitable. \u003c/p\u003e\u003cp\u003e“Global logistics does not tolerate interruptions,” he said. “If the strike continues, there will be delays in deliveries, port congestion, and increased transportation costs.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Laura Robb at \u003c/i\u003e\u003ca href=\"mailto:Laura.Robb@spglobal.com\"\u003e\u003ci\u003eLaura.Robb@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e\u003c/p\u003e\u003cp\u003e\u003ci\u003eSenior Editor Michael Angell contributed to this report.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Delays and equipment shortages stemming from the ILA strike could impact perishable cargoes from South America, such as mangoes, which are especially vulnerable to ripening. Photo credit: Shutterstock.com.","__typename":"Metadata"},"ModDate":"1727985375963","Taxonomy":{"MainCategory":[{"Id":"18","Name":"Cool Cargo News","Redirects":[{"Path":"/supply-chain/cool-cargo-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"10","Name":"Port News","Redirects":[{"Path":"/maritime/port-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"45","Name":"Longshore labor","Redirects":[{"Path":"/maritime/port-news/longshore-labor","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Laura Robb, Associate Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727982614000","TitlePlainText":"ILA strike leaves US reefer importers few options, more risks","Published":true,"Redirects":[{"Path":"/article/ila-strike-leaves-us-reefer-importers-few-options-more-risks-5741807","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eRefrigerated container shippers using US East and Gulf coast ports are tapping some non-unionized terminals, but they fear produce stuck on ships and in ports will spoil, and equipment will become scarcer if the strike lasts longer than a week.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Refrigerated container shippers using US East and Gulf coast ports are tapping some non-unionized terminals, but they fear produce stuck on ships and in ports will spoil, and equipment will become scarcer if the strike lasts longer than a week.","__typename":"Document"},{"Id":"5740135_JournalOfCommerce","Attachments":[{"FileName":"5740131_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eOn the first day of the first strike at US East and Gulf coast ports in nearly 50 years, Republican lawmakers and shipper groups urged the Biden administration to get cargo flowing again by overcoming the president’s opposition to invoking the Taft-Hartley Act. \u003c/p\u003e\u003cp\u003eNew, sharper criticism from House Republicans on President Joe Biden’s \u003ca href=\"https://www.joc.com/article/white-houses-executive-lever-to-prevent-port-strike-is-politically-toxic-5733927\"\u003erefusal to invoke the executive power anathema to labor\u003c/a\u003e, \u003ca href=\"https://www.joc.com/article/us-shippers-again-ask-white-house-to-intervene-in-longshore-contract-talks-5729298\"\u003epleas from major retailers and manufacturers\u003c/a\u003e, and greater and wider media coverage reflect growing political pressure on Biden. How the Biden administration balances its need to respect union bargaining while protecting a slowing US economy could impact the presidential aspirations of Vice President and Democratic nominee Kamala Harris. \u003c/p\u003e\u003cp\u003e“NRF urges President Biden to use any and all available authority and tools — including use of the Taft-Hartley Act — to immediately restore operations at all impacted container ports, get the parties back to the negotiating table and ensure there are no further disruptions,” the National Retail Federation (NRF) said in a statement Tuesday. \u003c/p\u003e\u003cp\u003eBiden said in a statement Tuesday the burden of negotiation with the International Longshoremen’s Association (ILA) falls on foreign-owned carriers, which he warned about price gouging. \u003c/p\u003e\u003cp\u003e“Ocean carriers have made record profits since the pandemic and in some cases, profits grew in excess of 800% percent compared to their profits prior to the pandemic,” Biden said. “It’s only fair that workers, who put themselves at risk during the pandemic to keep ports open, see a meaningful increase in their wages as well.” \u003c/p\u003e\u003cp\u003eThe language echoed the president’s rhetoric in 2022, when he blasted container lines for reaping record profits from rocketing containers and historic US port congestion. Shortly thereafter, Congress passed — and Biden signed — the \u003ca href=\"https://www.joc.com/article/biden-signs-osra-22-shipping-reform-into-law-5194881\"\u003emost significant reform to US shipping law in a generation\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eHouse Republicans on Tuesday upped their criticism of the president, accusing the administration of failing “to meaningfully engage the parties in an effort to reach a resolution leading up to the strike deadline.” Conservative media outlets have seized on a similar narrative, quickly pointing out that port delays will raise costs for consumers. \u003c/p\u003e\u003cp\u003eIn an interview with Fox News, Chris Spear, president and CEO of the American Trucking Associations (ATA), said Biden was encouraging a strike by refusing to invoke Taft-Hartley. \u003c/p\u003e\u003cp\u003e“This is about endorsements and political campaigns,” Spear said. “If you’re USMX, representing 36 ports, you’ve got zero incentive to come to the table if this administration is brokering a deal because they’ve already shown their cards.” \u003c/p\u003e\u003cp\u003eMeanwhile, Harold Daggett, the ILA’s fiery president, has trumpeted the union’s power to stop trade, \u003ca href=\"https://www.joc.com/article/ilas-daggett-promises-dockworkers-great-contract-as-strike-begins-5739618\"\u003earguing they deserve greater compensation\u003c/a\u003e after keeping supply chains running during the COVID-19 pandemic. The Teamsters, separately, issued a clear message to the Biden administration on Sept. 30, using not-safe-for-work language to \u003ca href=\"https://teamster.org/2024/10/teamsters-stand-with-the-international-longshoremens-association/\"\u003etell the White House not to get involved\u003c/a\u003e. The Teamsters union has not endorsed either presidential candidate in 2024 after backing the Biden-Harris ticket in 2020. \u003c/p\u003e\u003cp\u003eSeveral shipper groups, including the NRF, the National Association of Wholesaler-Distributors and the American Chemistry Council, on Tuesday reiterated statements calling on President Biden to end the strike. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Laura Robb at \u003c/i\u003e\u003ca href=\"mailto:laura.robb@spglobal.com\"\u003e\u003ci\u003elaura.robb@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"J.P. Morgan estimates the ILA strike could cost the economy up to $4.5 billion per day, with some of those costs recovered after ports return to normal operations. Photo credit: Maxim Elramsisy / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1727880497610","Taxonomy":{"MainCategory":[{"Id":"45","Name":"Longshore labor","Redirects":[{"Path":"/maritime/port-news/longshore-labor","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"10","Name":"Port News","Redirects":[{"Path":"/maritime/port-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Laura Robb, Associate Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727819716000","TitlePlainText":"House Republicans, shippers up pressure on Biden to stop US port strike","Published":true,"Redirects":[{"Path":"/article/house-republicans-shippers-up-pressure-on-biden-to-stop-us-port-strike-5740135","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eSeveral groups are calling on the White House to invoke the Taft-Hartley Act to stop the International Longshoremen’s Association (ILA) strike that began on Tuesday at midnight.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Several groups are calling on the White House to invoke the Taft-Hartley Act to stop the International Longshoremen’s Association (ILA) strike that began on Tuesday at midnight.","__typename":"Document"},{"Id":"5738520_JournalOfCommerce","Attachments":[{"FileName":"5738507_0.1.png","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAfter serving as a breakbulk cargo pinch-hitter during the COVID-19 pandemic, the specialized refrigerated (reefer) breakbulk segment is surviving and even finding a few new footholds. \u003c/p\u003e\u003cp\u003e“Commentators have been forecasting the end of specialized reefer vessels and operators for the last 10 to 20 years, but they are still here,” Toby Moors, a director with New Zealand-based broker and ship agency Oceanic Navigation, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eHowever, an evolution away from perishables brokers and toward smaller-volume, direct buyer-seller relationships is increasing the share of produce traveling by reefer container, and the aging breakbulk reefer fleet will struggle to meet modern emissions regulations. \u003c/p\u003e\u003cp\u003eMoors said container lines are nibbling away at reefer cargoes that were previously carried by breakbulk reefer operators, in part because regional trade shows such as Asia Fruit Logistica or Fruit Attraction in Madrid now allow South American growers to make direct contact with buyers and importers in Asia and Europe. \u003c/p\u003e\u003cp\u003eThis allows sellers to ship individual containers of citrus or grapes directly to their customers rather than relying on big export collectives to ship product in bulk. Container lines have also become more competitive in pricing and have launched services catering to specific crops and trades, such as Hapag Lloyd’s Chile Cherry Express service to Asia, Moors noted. \u003c/p\u003e\u003cp\u003eStill, containers are not always the preferred mode, according to Milind Balaji, global supply chain vice president at frozen animal proteins exporter Intervision Foods. \u003c/p\u003e\u003cp\u003e“While the lion’s share of reefer cargo now travels on container vessels, certain destinations like the Caribbean, South America and West Africa continue to use breakbulk as a lever to bring commodities like poultry and fish to their markets in one single shipment versus multiple containers that might be spread over multiple vessels,” Balaji told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eBreakbulk reefer vessels currently carry about 25% of global banana cargoes, 6% of citrus shipments and 4% of fresh vegetable volumes, according to consultancy Drewry Maritime. \u003c/p\u003e\u003cp\u003eTotal global reefer volumes are projected to reach 138.8 million metric tons in 2024 and 152.5 million metric tons by 2028, Malcolm Ramsay, reefer analyst at Drewry, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. Of the 2024 numbers, 89% is expected to be containerized, 10% carried by specialized reefer ships and 1% by juice tankers this year, with the container share forecast to rise to 91% in 2028. \u003c/p\u003e\u003cp\u003e\u003cb\u003eBreakbulk reefer revival\u003c/b\u003e \u003c/p\u003e\u003cp\u003eA few global ports are investing in dockside cold storage to take advantage of breakbulk reefer cargo opportunities, and there are signs of a breakbulk reefer renaissance in China, where ports including Dalian, Taizhou and Guangzhou are building on-dock cold storage facilities, Moors said. China is a major importer of fruit and meat from South America and is also beginning to export perishables to Southeast Asia and elsewhere, he said. \u003c/p\u003e\u003cp\u003eIn the US, the ports of Mobile, New Orleans and Wilmington, Del., are “well disposed“ toward handling reefer vessels because they have the prerequisite cold storage capacity, Balaji said. \u003c/p\u003e\u003cp\u003eThe Port of Dover, about 80 miles east of London, is emerging as a significant European reefer gateway after opening a 104,000-square-foot, multitemperature quayside warehouse in 2019. Cool Carriers and Seatrade have regular reefer services calling Dover from South America and South Africa, Alison Hall, head of business development at Port of Dover Cargo, told the \u003ci\u003eJournal of Commerce.\u003c/i\u003e \u003c/p\u003e\u003cp\u003eIn late August, Cool Carriers inaugurated a semiliner service at Dover with the 499,000-cubic-foot reefer vessel \u003ci\u003eWild Peony\u003c/i\u003e, the first of 30 trips that will be made through April 2025. Seatrade’s Rayo service provides year-round banana imports through Dover, plus seasonal produce including blueberries, avocados and asparagus from Ecuador and Peru, while a joint Seatrade/Cool Carriers service between South Africa and Europe has increased to a weekly call carrying both breakbulk reefer and container reefer volumes, Hall said. \u003c/p\u003e\u003cp\u003eIndependent specialized reefer operators, including Seatrade, Fresh Carriers and Cool Carriers, control most of the global fleet of about 480 vessels, according to Drewry. These specialized reefer ships carry a mix of palletized cargoes and containers. They also often carry mixed, nonreefer breakbulk cargoes on the backhaul, and they flourished as emergency breakbulk tonnage during the pandemic market. \u003c/p\u003e\u003cp\u003eIn addition to these independent operators, a handful of cargo owners operate their own fleets, including Dole, Del Monte and Chiquita Brands, which operates the Great White Fleet, Moors noted. \u003c/p\u003e\u003cp\u003eBut the specialized reefer fleet is aging — with an average vessel age of about 28 years, according to Drewry — amid industry consolidation and shrinking trade networks. Increasingly tough environmental regulations such as the International Maritime Organization’s Carbon Intensity Index (CII) rating system will inevitably force some older ships out of service. The EU Emission Trading Scheme (ETS) may also impact the economic viability of these vessels due to the way the ETS is levied, said Moors. \u003c/p\u003e\u003cp\u003eAs a result, the already scant global fleet will shrink “through natural attrition,” Moors said. “There’s very little fleet replacement, except for trades where there is a reliable forecast for future demand.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Keith Wallis at \u003c/i\u003e\u003ca href=\"mailto:keithwallis@hotmail.com \"\u003e\u003ci\u003ekeithwallis@hotmail.com.\u003c/i\u003e\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Brazilian melon grower Agricola Famosa has shifted 70% of its fruit shipments from container ships to specialized reefer vessels. Photo credit: Port of Dover. ","__typename":"Metadata"},"ModDate":"1727732414203","Taxonomy":{"MainCategory":[{"Id":"8","Name":"Breakbulk News","Redirects":[{"Path":"/maritime/breakbulk-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"18","Name":"Cool Cargo News","Redirects":[{"Path":"/supply-chain/cool-cargo-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"41","Name":"Breakbulk ports","Redirects":[{"Path":"/maritime/port-news/breakbulk-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Keith Wallis, Special Correspondent","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727722334000","TitlePlainText":"Breakbulk reefer segment hanging on in shrinking market","Published":true,"Redirects":[{"Path":"/article/breakbulk-reefer-segment-hanging-on-in-shrinking-market-5738520","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eContainer lines are contracting directly with perishables shippers, undercutting volume brokers, but the specialized reefer fleet is hanging on to niche markets as a handful of ports pivot toward dockside cold storage. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Container lines are contracting directly with perishables shippers, undercutting volume brokers, but the specialized reefer fleet is hanging on to niche markets as a handful of ports pivot toward dockside cold storage.","__typename":"Document"},{"Id":"5737344_JournalOfCommerce","Attachments":[{"FileName":"5737341_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe head of the United States Maritime Alliance (USMX) met with Biden administration officials at the White House Friday, sources said, as the administration reached out to maritime employers along the East and Gulf coasts just days before what would be the first coastwide longshore work stoppage since 1977. \u003c/p\u003e\u003cp\u003eThree sources with knowledge of the matter told the \u003ci\u003eJournal of Commerce\u003c/i\u003e that USMX Chairman and Chief Executive Dave Adam traveled to Washington for a meeting at the White House. A source familiar with the meeting’s attendees said Adam met with Acting Labor Secretary Julie Su, Transportation Secretary Pete Buttigieg and Biden economic advisor Lael Brainard. \u003c/p\u003e\u003cp\u003eInternational Longshoremen’s Association President Harold Daggett did not receive a similar invitation, according to those familiar with the matter. \u003c/p\u003e\u003cp\u003eThe invitation to the White House comes a day after \u003ca href=\"https://www.joc.com/article/usmx-tries-to-force-ila-back-to-contract-talks-with-nlrb-complaint-5736646\"\u003ethe USMX filed a charge with the National Labor Relations Board alleging the ILA has refused to bargain in good faith\u003c/a\u003e for a new master contract covering 14 East and Gulf coast ports. The move reflected the mounting frustration of maritime employers in trying to reach a deal before the current contract expires on Sept. 30. The two sides have not met since June. \u003c/p\u003e\u003cp\u003eIt’s not clear what levers the White House has to pull in the stalled negotiations. \u003ca href=\"https://www.joc.com/article/anxious-white-house-weighing-options-as-ila-contract-deadline-nears-5725622\"\u003eThe Biden administration has said it is not ready to prevent a strike\u003c/a\u003e by invoking the Taft-Hartley Act, a move that would be seen as \u003ca href=\"https://www.joc.com/article/white-houses-executive-lever-to-prevent-port-strike-is-politically-toxic-5733927\"\u003epolitically toxic for Democrats vying for the labor vote in the 2024 elections\u003c/a\u003e. ILA’s Daggett has said the union does not welcome federal intervention. \u003c/p\u003e\u003cp\u003eStill, the Biden administration has fielded an increasing number of calls about doing more to avert a strike. Last week, \u003ca href=\"https://www.joc.com/article/us-shippers-again-ask-white-house-to-intervene-in-longshore-contract-talks-5729298\"\u003e69 House Republicans sent a letter to White House\u003c/a\u003e asking that it “do everything in its power to prevent a work stoppage at East and Gulf coast ports.” The letter followed another from 177 US trade groups also requesting that Biden intercede. \u003c/p\u003e\u003ch3\u003eONE skips Charleston, Savannah \u003c/h3\u003e\u003cp\u003eOcean Network Express (ONE), meanwhile, has announced that it will skip Charleston and Savannah on its trans-Pacific EC1 service because of the strike threat. \u003c/p\u003e\u003cp\u003eThe container ship \u003ci\u003eHong Kong Express\u003c/i\u003e will now terminate its voyage at Norfolk on Sept. 28–29, ONE said in a customer advisory. The ship is currently five days late after being delayed at Manzanillo in Mexico. \u003c/p\u003e\u003cp\u003eUnder its revised schedule, the vessel wasn’t due at Charleston until Sept. 30–Oct. 1 and Savannah until Oct. 2–3. ONE said those calls will now be omitted due to the potential strike. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Michael Angell at \u003c/i\u003e\u003ca href=\"mailto:michael.angell@spglobal.com\"\u003e\u003ci\u003emichael.angell@spglobal.com\u003c/i\u003e\u003c/a\u003e. \u003c/p\u003e\u003cp\u003e\u003ci\u003eSpecial Correspondent Keith Wallis contributed to this story.\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":false,"FeatureImageCopyright":"The invitation to the White House follows repeated calls from politicians and business groups for the Biden administration to do more to prevent a strike. Photo credit: ALEXANDRE F FAGUNDES / Shutterstock.com","__typename":"Metadata"},"ModDate":"1727935755080","Taxonomy":{"MainCategory":[{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"45","Name":"Longshore labor","Redirects":[{"Path":"/maritime/port-news/longshore-labor","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Michael Angell, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727452755000","TitlePlainText":"USMX chief meets with Biden administration officials as port strike deadline looms","Published":true,"Redirects":[{"Path":"/article/usmx-chief-meets-with-biden-administration-officials-as-port-strike-deadline-looms-5737344","__typename":"Redirect"},{"Path":"/article/usmx-chief-to-meet-at-white-house-as-port-strike-deadline-looms-5737344","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe White House may finally be looking to take a firmer hand in stalled talks between the ILA and maritime employers with an expected strike just days away.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The White House may finally be looking to take a firmer hand in stalled talks between the ILA and maritime employers with an expected strike just days away.","__typename":"Document"},{"Id":"5735933_JournalOfCommerce","Attachments":[{"FileName":"5735927_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe US Federal Maritime Commission (FMC) has thwarted a move by ocean carriers to delay new rules on who they can bill for holding onto containers, saying a delay would cause “greater confusion” among shippers and truckers about who pays per diem fees. \u003c/p\u003e\u003cp\u003eIn a decision published Wednesday, the FMC denied a petition by the Ocean Carrier Equipment Management Association (OCEMA) to delay implementation of the agency’s detention and demurrage billing rulemaking that went into effect May 28. \u003c/p\u003e\u003cp\u003eThe rulemaking’s biggest effect was to \u003ca href=\"https://www.joc.com/article/fmcs-new-rules-prevent-truckers-being-hit-dd-bills_20240223.html\"\u003elimit ocean carriers in sending storage and late-fee bills for containers to the party who originally contracted for the ocean transportation\u003c/a\u003e, typically the cargo owner or, if agreed to, the cargo receiver. Truckers and other parties to a container transaction hailed the move as relieving them of the risk of receiving unexpected detention and demurrage bills. \u003c/p\u003e\u003cp\u003eHowever, OCEMA requested that the FMC delay the May 28 effective date due to what it said was confusion over a correction the agency made to the rulemaking’s preamble soon before its effective date. OCEMA said the correction — which said that contracts between an ocean carrier and trucker for hauling container would fall outside the rule — “\u003ca href=\"https://www.joc.com/article/stakeholders-sorting-out-per-diem-bills-under-new-fmc-rules-5192186\"\u003ecreated uncertainty with respect to invoicing motor carriers\u003c/a\u003e.” \u003c/p\u003e\u003cp\u003eThe FMC ruled, though, that the statutory language of the rulemaking itself is “clear and unambiguous.” The preamble only serves to help interpret the rulemaking, but it cannot “contradict the text of the statute or rule at issue,” the agency added. \u003c/p\u003e\u003cp\u003eThe FMC said the process of correcting the preamble would mean “the rule would be in effect at least six months, then be temporarily suspended, and then go back into effect ... This has the potential for massive disruption and confusion.” \u003c/p\u003e\u003cp\u003eThe agency added that the detention and demurrage rulemaking was already behind schedule soon after passage of the Ocean Shipping Reform Act of 2022 (OSRA-22) due to the number of public comments it received and analyzed as part of the rulemaking. The FMC said that a further delay “would directly impede the explicit instructions of Congress.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Michael Angell at \u003c/i\u003e\u003ca href=\"mailto:michael.angell@spglobal.com\"\u003e\u003ci\u003emichael.angell@spglobal.com\u003c/i\u003e\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Congress wanted a detention and demurrage rulemaking soon after the passage of OSRA-22, but its publication was slowed due to the number of comments received. Photo credit: Andrea Izzotti / Shutterstock.com. ","__typename":"Metadata"},"ModDate":"1727358074713","Taxonomy":{"MainCategory":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Michael Angell, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727299934000","TitlePlainText":"FMC denies petition to delay D\u0026D rules as creating ‘greater confusion’","Published":true,"Redirects":[{"Path":"/article/fmc-denies-petition-to-delay-dd-rules-as-creating-greater-confusion-5735933","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003e The lobby group representing ocean carriers in issues involving containers failed in its bid to further delay new rules covering how per diem bills are handled.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The lobby group representing ocean carriers in issues involving containers failed in its bid to further delay new rules covering how per diem bills are handled.","__typename":"Document"},{"Id":"5733653_JournalOfCommerce","Attachments":[{"FileName":"5733645_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eDHL Group CEO Tobias Meyer issued an invitation Tuesday for DB Schenker customers nervous about the imminent takeover by DSV to switch their forwarding business over to the integrator. \u003c/p\u003e\u003cp\u003e“We are open for business, and if customers want to give us a ring, please do so,” Meyer told a media briefing on DHL’s 2030 strategy. The company plans to outgrow the market across all its industrial divisions over the next five years. \u003c/p\u003e\u003cp\u003eDHL decided in March not to pursue an acquisition of DB Schenker, with Meyer stating he \u003ca href=\"https://www.joc.com/article/dhl-drops-pursuit-of-db-schenker-amid-questions-over-value-upside-5214786\"\u003edid not see the required upside\u003c/a\u003e to such a deal between two large companies in similar industries that would not have the value generation his company would want. Meyer reiterated that view in response to a question from the \u003ci\u003eJournal of\u003c/i\u003e \u003ci\u003eCommerce\u003c/i\u003e at Tuesday’s briefing. \u003c/p\u003e\u003cp\u003e“We respect our competitors — both DSV and Schenker — for their strength and their capabilities, but we have knowledge that integrations are not all that easy,” he said. “When you come to two companies that are of equal size, it is particularly challenging.” \u003c/p\u003e\u003cp\u003e\u003ca href=\"https://www.joc.com/article/union-government-hurdles-ahead-in-dsvs-16-billion-takeover-of-db-schenker-5727281\"\u003eDSV’s €14.3 billion ($15.9 billion) bid was accepted\u003c/a\u003e by DB Schenker parent Deutsche Bahn earlier this month after the German state-owned rail company turned down a revised bid from the only other bidder left in the race, private equity firm CVC Capital Partners. Proceeds from the deal will be used to reduce debt and allow Deutsche Bahn to focus on its core rail business, although DSV will still \u003ca href=\"https://www.joc.com/article/union-government-hurdles-ahead-in-dsvs-16-billion-takeover-of-db-schenker-5727281\"\u003eneed to clear regulatory hurdles\u003c/a\u003e before the \u003ca href=\"https://www.joc.com/article/dsv-takeover-signals-end-to-150-years-of-db-schenker-brand-5730873\"\u003eintegration of the DB Schenker brand\u003c/a\u003e can begin. \u003c/p\u003e\u003ch3\u003ePotential suitors backed away \u003c/h3\u003e\u003cp\u003eDeutsche Bahn began readying DB Schenker for sale in December 2022 \u003ca href=\"https://www.joc.com/article/deutsche-bahn-launches-long-awaited-sales-process-db-schenker-unit_20231219.html\"\u003ebut only called for bids in December of last year\u003c/a\u003e. While there was initial interest from industry heavyweights DHL, Kuehne + Nagel, DSV and Maersk Line, it did not last. \u003c/p\u003e\u003cp\u003eMaersk shared DHL’s concerns, also \u003ca href=\"https://www.joc.com/article/maersk-citing-integration-challenges-says-wont-pursue-db-schenker-acquisition-5192212\"\u003eciting “integration challenges”\u003c/a\u003e the carrier uncovered during an in-depth due diligence investigation of the Essen, Germany-based forwarder. Kuehne + Nagel withdrew its interest in March. \u003c/p\u003e\u003cp\u003eA key concern of the bidders was the size of a combined workforce; for DSV and DB Schenker, that will be close to 150,000 people around the world with a 50/50 split. Integrations of large companies in similar industries typically come with significant job cuts, and that issue featured prominently during takeover negotiations. \u003c/p\u003e\u003cp\u003eThe final two bidders for DB Schenker both pledged to limit redundancies to placate the German government and the unions. \u003c/p\u003e\u003cp\u003eAnother concern raised by industry analysts was the drain on DB Schenker’s post-pandemic record earnings that have been mostly siphoned off by its loss-making parent. That means DB Schenker has largely missed out on the drive for scale by rivals, keeping its hands in its pockets while its peers made \u003ca href=\"https://www.joc.com/article/maersk-signs-36-billion-deal-lf-logistics-unit_20211222.html\"\u003ea series of multibillion-dollar acquisitions\u003c/a\u003e in recent years. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"DHL Group plans to outgrow the market in all its industry sectors over the next five years. Photo credit: DHL.","__typename":"Metadata"},"ModDate":"1727188635463","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727181734000","TitlePlainText":"DB Schenker customers spooked by DSV takeover welcome at DHL: CEO","Published":true,"Redirects":[{"Path":"/article/db-schenker-customers-spooked-by-dsv-takeover-welcome-at-dhl-ceo-5733653","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year.","__typename":"Document"},{"Id":"5733927_JournalOfCommerce","Attachments":[{"FileName":"5733924_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eIt’s hard to exaggerate how politically toxic the invocation of the Taft-Hartley Act by the Biden administration to stop a potential strike by the International Longshoremen’s Association (ILA) would be to the Harris presidential campaign. That will no doubt temper the White House’s response if the ILA follows through with its Oct. 1 strike threat. \u003c/p\u003e\u003cp\u003eThe law that would allow the federal government to shut down a strike at US East and Gulf coast ports is reviled among labor — and for good reason. After the busiest period of strikes in US history, involving coal miners to Hollywood stagehands, Congress in 1947 overrode President Harry Truman’s veto to pass the Labor Management Relations Act, delivering a sharp rebuke to workers from big business. \u003c/p\u003e\u003cp\u003eNamed after its Republican co-authors, Taft-Hartley underpins modern labor relations, including prohibitions on wildcat strikes and secondary boycotts. Invoking the act, as some states have already begun early voting, would send a damaging message to organized transportation labor already tilting away from its conventional Democratic support. The ILA endorsed Biden in 2020, but hasn’t yet backed either Kamala Harris or Donald Trump. Last November, ILA President Harold Daggett said he had a productive 90-minute meeting with Trump, where the union leader stressed “the threat of automation to American workers.” \u003c/p\u003e\u003cp\u003eThe invoking of Taft-Hartley by the Biden administration could also likely spark criticism of Democrats protecting foreign-owned container lines at the expense of blue-collar workers. The importance of that narrative can be seen in how Harris, Biden and Trump decry the takeover of Pennsylvania-based US Steel by Japan’s Nippon Steel Corp. rather than risk losing votes in the critical swing state. \u003c/p\u003e\u003ch3\u003eStewarding the economy\u003c/h3\u003e\u003cp\u003eYet, the Biden administration may have no choice but to invoke the executive bane on the ILA, given there’s scant hope for a breakthrough in the months-long stalemate with the US Maritime Alliance (USMX). The alternative of cutting off some $588 billion in annual trade flowing through US East and Gulf coast ports for more than day, however, looks even more politically damaging. The Biden administration — and by extension the Harris campaign — doesn’t want to be seen as weak on economic stewardship. \u003c/p\u003e\u003cp\u003eRepublicans are ready to pounce on any perceived weakness. In a Sept. 20 letter to Biden urging him to prevent an economic fallout from a strike, House Republicans criticized federal officials’ “lack of engagement” in the negotiations between the ILA and employers, as represented by the USMX. Compared with the last two bargaining cycles involving US West Coast longshore labor, \u003ca href=\"https://www.joc.com/article/anxious-white-house-weighing-options-as-ila-contract-deadline-nears-5725622\"\u003ethere has been less outreach from the White House\u003c/a\u003e amid ILA-USMX negotiations, two people familiar with US longshore negotiations told the \u003ci\u003eJournal of Commerce.\u003c/i\u003e \u003c/p\u003e\u003cp\u003eThe calculations for the Biden administration are made even harder because of new signs of faltering support among transportation unions. Last week, the Teamsters, which endorsed Biden in 2020, declined to formally back either Trump or Harris. \u003c/p\u003e\u003cp\u003eTrump, whose Republican convention in July hosted Teamsters chief Sean O’Brien — a first for the GOP — not surprisingly proclaimed the lack of any endorsement a win for his campaign. Teamsters support for Democrats has eroded significantly in just four years. According to a Teamsters phone polling of its members, workers favored Trump over Harris by more than two to one. Many Teamsters locals and the union’s national Black caucus, however, have endorsed Harris. \u003c/p\u003e\u003cp\u003eDespite his boast of being the most pro-union president in modern times, Biden last year angered rail unions who were seeking 15 days of paid sick day leave but received just four in the contact that was ultimately forced upon them by Congress. \u003c/p\u003e\u003cp\u003eThe last time Taft-Hartley was invoked was in 2002, when President George W. Bush ended an 11-day lockout at West Coast ports. The economy was slowing then, too, but Bush didn’t have the same political consideration to maintain union support. In the meantime, the importance of trade to the US economy has only grown. In 2002, the ratio of the share of US trade to GDP was 22.9%, according to the Bureau of Economic Analysis. Last year, it was 27.6%. \u003c/p\u003e\u003cp\u003eThe bureau won’t publish fourth quarter GDP readings until late January — well after the election. So much for small favors. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Mark Szakonyi at \u003c/i\u003e\u003ca href=\"mark.szakonyi@spglobal.com\"\u003e\u003ci\u003emark.szakonyi@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":false,"FeatureImageCopyright":"President Joe Biden angered rail unions who were seeking 15 days of paid sick day leave but ultimately got just four in a new contact after he intervened last year to prevent a nationwide strike. Photo credit: IamLos / Shutterstock.com. ","__typename":"Metadata"},"ModDate":"1727934555160","Taxonomy":{"MainCategory":[{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Mark Szakonyi, Executive Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727172000000","TitlePlainText":"White House’s executive lever to prevent port strike is politically toxic","Published":true,"Redirects":[{"Path":"/article/white-houses-executive-lever-to-prevent-port-strike-is-politically-toxic-5733927","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe Biden administration may have no choice but to invoke the Taft-Hartley Act to stop a US port strike even as broader support for Democrats among transportation unions falters ahead of the presidential election. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The Biden administration may have no choice but to invoke the Taft-Hartley Act to stop a US port strike even as broader support for Democrats among transportation unions falters ahead of the presidential election.","__typename":"Document"},{"Id":"5731987_JournalOfCommerce","Attachments":[{"FileName":"5731986_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eFreight visibility provider GenLogs said Monday it has amassed $6 million in funding from a variety of venture investors to accelerate its efforts to arm freight brokers with better truckload visibility to tackle load matching and fraud prevention. \u003c/p\u003e\u003cp\u003eVirginia-based GenLogs also said it has been working with five of the top 10 US freight brokers since its official launch in July. \u003c/p\u003e\u003cp\u003eGenLogs is developing a nationwide network of roadside sensors that passively collect real-time data on truck movements and extract key details, such as US Department of Transportation and motor carrier identifiers, as well as the equipment types and logos. \u003c/p\u003e\u003cp\u003e“The entire market wants comprehensive data on all truck patterns, but placing sensors on four million trucks is a pipe dream,” GenLogs CEO Ryan Joyce said in a statement Monday. “Using a proprietary roadside sensor network enables us to collect all that same data on the four million trucks without needing their permission.” \u003c/p\u003e\u003cp\u003eThe company’s first funding round, led by Autotech Ventures and Steel Atlas, with participation from Venture53, TitletownTech, Plug and Play Ventures, BBQ Capital, ASC Ventures, and JHH Ventures, will be used primarily to expand its sensor network and computer vision models that underpin the GenLogs product. \u003c/p\u003e\u003cp\u003e“We initially worked with GenLogs for specific use cases — such as asset recovery — but are now exploring additional opportunities that could positively impact revenue,” Daragh Mahon, executive vice president and chief information officer at truckload carrier and third-party logistics provider Werner Enterprises, said in the statement. “Their centralized data platform is unlike anything in the industry, helping us reduce costs and optimize operations by providing improved data on freight patterns and potential capacity.” \u003c/p\u003e\u003cp\u003eGenLogs data is available via a web portal or an application programming interface (API) that feeds into a freight broker’s transportation management system (TMS). The product is offered on a subscription basis. \u003c/p\u003e\u003cp\u003e“We’ve never seen logistics software with such strong market demand,” Burak Cendek, partner at Autotech Ventures, said in the statement. Autotech’s other logistics investments include BasicBlock, KlearNow, and Newtrul. \u003c/p\u003e\u003cp\u003eGenLogs is competing with a variety of truckload visibility providers that generally use carrier electronic logging devices (ELDs) or cellular phone positioning data from driver phones. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The visibility GenLogs is providing can be used for asset management, load matching or carrier verification. Photo credit: CK Foto / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1727100435397","Taxonomy":{"MainCategory":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"47","Name":"Truckload","Redirects":[{"Path":"/surface/trucking-news/truckload","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"48","Name":"Truck brokers","Redirects":[{"Path":"/surface/trucking-news/truck-brokers","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727097300000","TitlePlainText":"Truckload visibility startup lands investment, top broker clients","Published":true,"Redirects":[{"Path":"/article/truckload-visibility-startup-lands-investment-top-broker-clients-5731987","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eGenLogs, a technology provider aiming to help US brokers track trucks, uses a network of roadside sensors to passively collect truckload carrier locations.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"GenLogs, a technology provider aiming to help US brokers track trucks, uses a network of roadside sensors to passively collect truckload carrier locations.","__typename":"Document"}],"isError":false,"pageType":0,"horizontalProms":[{"Id":"6fd7d8c6-c7b6-4e45-b088-acbc93a4175c","Name":"Upgrade Subscription - Wide Box","Description":"Upgrade Subscription - Wide Box","Body":"Use code BF24W695 at checkout and upgrade to Gold for just $695! Valid for first year of subscription. Offer ends December 1.","Title":"BLACK FRIDAY SALE","PromotionType":"CTA_WIDE","ButtonLink":"https://joc.com/subscription/choose-plan?utm_source=joc\u0026utm_medium=wide_box\u0026utm__campaign=upgrade","ButtonOpenInNewWindow":false,"ButtonText":"Save Now","CardLink":"","Icon":"alert","Published":true,"PublishingStart":"1669629085000","PublishingEnd":"1735642740000","SubscriberLevel":["Silver","Silver_Plus","Gold_Trial"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"f98788a9-09ef-4d68-a2bd-62407c96f3d4","Name":"Subscribe Now - Anonymous - Wide Box","Description":"Subscribe Now - Anonymous - Wide Box","Body":"Use code BF24W25 at checkout and save 25% on any annual plan! Valid for first year of subscription. Offer ends December 1.","Title":"BLACK FRIDAY SALE","PromotionType":"CTA_WIDE","ButtonLink":"https://joc.com/subscription/choose-plan?utm_source=joc\u0026utm_medium=wide_box\u0026utm__campaign=subscribe_anonymous","ButtonOpenInNewWindow":false,"ButtonText":"Save Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1699264835748","PublishingEnd":"1735685999748","SubscriberLevel":["Free"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"4e4a3d10-a383-45b2-a1a0-cebb55ba9e36","Name":"TPM Discount - Gold","Description":"","Body":"Register today to redeem your Gold subscriber discount!","Title":"Save 20% on TPM25","PromotionType":"CTA_WIDE","ButtonLink":"https://events.joc.com/tpm/index.html","ButtonOpenInNewWindow":true,"ButtonText":"Register Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1726838050500","PublishingEnd":"1740805140500","SubscriberLevel":["Gold"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"4afc17d8-d881-4908-a086-645154a4ea15","Name":"Subscribe Now - Free Trials - Wide Box","Description":"Subscribe Now - Free Trials - Wide Box","Body":"Use code BF24W25 at checkout and save 25% on any annual plan! Valid for first year of subscription. Offer ends December 1.","Title":"BLACK FRIDAY SALE","PromotionType":"CTA_WIDE","ButtonLink":"https://joc.com/subscription/choose-plan?utm_source=joc\u0026utm_medium=wide_box\u0026utm__campaign=subscribe_free_trial","ButtonOpenInNewWindow":false,"ButtonText":"Save Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1669633140000","PublishingEnd":"1735642740000","SubscriberLevel":["Silver_Free_Trial"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"}],"rectangleProms":[{"Id":"3b1d3c2d-6490-42ec-9f8e-e245d2ba697f","Name":"Breakbulk Report - Rectangle Box","Description":"Breakbulk Report - Rectangle Box","Body":"An in-depth analysis of transport trends in the multipurpose and heavy-lift fleet segment","Title":"Breakbulk Quarterly","PromotionType":"CTA_RECTANGLE","ButtonLink":"https://www.joc.com/resources/special-reports/breakbulk-quarterly-intelligence","ButtonOpenInNewWindow":false,"ButtonText":"Learn More","CardLink":"","Icon":"newspaper","Published":true,"PublishingStart":"1698920835493","PublishingEnd":"1735685999493","SubscriberLevel":["Gold_Trial","Gold","Free","Silver_Free_Trial","Silver","Silver_Plus"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"2c9c0ab3-8d50-44eb-9a98-e31d8af31382","Name":"ISI Report - Rectangle Box","Description":"ISI Report - Rectangle Box","Body":"A premium access index of savings using domestic intermodal vs. OTR ","Title":"Intermodal Savings Index","PromotionType":"CTA_RECTANGLE","ButtonLink":"https://www.joc.com/resources/intermodal-savings-index","ButtonOpenInNewWindow":false,"ButtonText":"Learn More","CardLink":"","Icon":"newspaper","Published":true,"PublishingStart":"1682501020267","PublishingEnd":"1735685999267","SubscriberLevel":["Gold_Trial","Gold","Free","Silver_Free_Trial","Silver","Silver_Plus"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"88a09ce9-39b1-47d8-808d-f57a2089f173","Name":"Intermodal Service Scorecard - Rectangle Box","Description":"Intermodal Service Scorecard - Rectangle Box","Body":"Customers scoring their intermodal partners to identify the best service providers","Title":"Intermodal Service Scorecard","PromotionType":"CTA_RECTANGLE","ButtonLink":"https://www.joc.com/resources/special-reports/domestic-intermodal-service-scorecard","ButtonOpenInNewWindow":false,"ButtonText":"Learn More","CardLink":"","Icon":"newspaper","Published":true,"PublishingStart":"1698921058134","PublishingEnd":"1735685999134","SubscriberLevel":["Gold_Trial","Gold","Free","Silver_Free_Trial","Silver","Silver_Plus"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"c11d38c7-436c-461c-bd92-67ab3d1a2d2d","Name":"QI Report - Rectangle Box","Description":"QI Report - Rectangle Box","Body":"A premium access outlook critical to shippers and transportation providers","Title":"Quarterly Intelligence","PromotionType":"CTA_RECTANGLE","ButtonLink":"https://www.joc.com/resources/special-reports/quarterly-intelligence-report","ButtonOpenInNewWindow":false,"ButtonText":"Learn More","CardLink":"","Icon":"newspaper","Published":true,"PublishingStart":"1682500464170","PublishingEnd":"1735685999170","SubscriberLevel":["Gold_Trial","Gold","Free","Silver_Free_Trial","Silver","Silver_Plus"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"e5d0baf4-9140-4020-a8f2-0a32b1f168bd","Name":"Breakbulk Conference - Rectangle Box","Description":"Breakbulk Conference","Body":"The only editorially independent conference for the breakbulk \u0026 project cargo industry","Title":"Attend Breakbulk25","PromotionType":"CTA_RECTANGLE","ButtonLink":"https://events.joc.com/breakbulk/index.html?utm_source=website\u0026utm_medium=internal_promotion\u0026utm__campaign=Breakbulk25","ButtonOpenInNewWindow":true,"ButtonText":"Learn More","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1729268262567","PublishingEnd":"1742788799567","SubscriberLevel":["Free","Silver_Free_Trial","Silver","Silver_Plus","Gold_Trial","Gold"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"e067e4f3-e09f-4f2c-a7e4-1b3ba4620a15","Name":"TPM Conference - Rectangle Box","Description":"TPM Conference - Rectangle Box","Body":"The premier conference for the global container shipping and supply chain community","Title":"Attend TPM25","PromotionType":"CTA_RECTANGLE","ButtonLink":"https://events.joc.com/tpm/index.html","ButtonOpenInNewWindow":true,"ButtonText":"Learn More","CardLink":"","Icon":"calendar","Published":true,"PublishingStart":"1722503307948","PublishingEnd":"1740956399948","SubscriberLevel":["Free","Silver_Free_Trial","Silver","Silver_Plus","Gold_Trial","Gold"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"50bb0b65-1e88-4318-98cb-93934c29fa84","Name":"Gateway - Rectangle Box","Description":"Gateway - Rectangle Box","Body":"An extensive dashboard of charts organized by trade lane, mode, and topic","Title":"Gateway","PromotionType":"CTA_RECTANGLE","ButtonLink":"https://www.joc.com/gateway","ButtonOpenInNewWindow":false,"ButtonText":"Access Now","CardLink":"","Icon":"desktop","Published":true,"PublishingStart":"1685611945066","PublishingEnd":"1735685999066","SubscriberLevel":["Silver","Silver_Plus","Gold_Trial","Gold","Free","Silver_Free_Trial"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"}],"offerBoxProms":[{"Id":"76d83ad1-55ce-45c1-b662-5ada260ea17b","Name":"Subscribe Now - Free Trials - Offer Box","Description":"Subscribe Now - Free Trials - Offer Box","Body":"BLACK FRIDAY SALE: Use code BF24W25 at checkout to save 25% on any annual plan!\n","Title":"Subscribe Today","PromotionType":"OFFERBOX","ButtonLink":"https://joc.com/subscription/choose-plan?utm_source=joc\u0026utm_medium=offer_box\u0026utm__campaign=subscribe_free_trial","ButtonOpenInNewWindow":false,"ButtonText":"Save Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1669632208841","PublishingEnd":"1735685999841","SubscriberLevel":["Silver_Free_Trial"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"eda334cb-bf98-4d50-9c50-c6626948c1c0","Name":"Upgrade Subscription - Offer Box","Description":"Upgrade Subscription - Offer Box","Body":"BLACK FRIDAY SALE: Use code BF24W695 at checkout and upgrade to Gold for just $695!","Title":"Upgrade Subscription","PromotionType":"OFFERBOX","ButtonLink":"https://joc.com/subscription/choose-plan?utm_source=joc\u0026utm_medium=offer_box\u0026utm__campaign=upgrade","ButtonOpenInNewWindow":false,"ButtonText":"Save Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1672223948951","PublishingEnd":"1735685999951","SubscriberLevel":["Silver","Silver_Plus","Gold_Trial"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"f3a2b1e1-2dc2-45f6-b084-7114858d9124","Name":"TPM Discount - Gold ","Description":"20% discount to TPM for Gold subscribers","Body":"20% OFF ON TPM25: Register today and redeem your Gold subscriber discount!","Title":"20% OFF ON TPM25","PromotionType":"OFFERBOX","ButtonLink":"https://events.joc.com/tpm/index.html","ButtonOpenInNewWindow":true,"ButtonText":"Register Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1726837583122","PublishingEnd":"1740805140122","SubscriberLevel":["Gold"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"202c6142-401f-4589-8552-3ebb76864e5d","Name":"Subscribe Now - Anonymous - Offer Box","Description":"Subscribe Now - Anonymous - Offer Box","Body":"BLACK FRIDAY SALE: Use code BF24W25 at checkout to save 25% on any annual plan!","Title":"Subscribe Today","PromotionType":"OFFERBOX","ButtonLink":"https://joc.com/subscription/choose-plan?utm_source=joc\u0026utm_medium=offer_box\u0026utm__campaign=subscribe_anonymous","ButtonOpenInNewWindow":false,"ButtonText":"Save Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1699267280629","PublishingEnd":"1735685999629","SubscriberLevel":["Free"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"}],"nativeAdvertising":[{"Id":"5994e1c1-333c-462d-a230-0e63dd01a9b8","Title":"Shippers save money, time with automated transportation bidding tools","ContentBody":"\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThe world of LTL is slow to embrace change. Business anachronisms permeate current supply chain processes. These vestiges of the way things used to work define the LTL freight transportation procurement process of many modern shippers.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eDavid Knuth, logistics specialist at IEWC, a global supplier of cable and wire based in Wisconsin, is happy to have modernized the RFP process, automating the entire LTL bidding procedure with Bid$ense, SMC³’s automated truckload and LTL freight transportation sourcing solution. But when prompted, he can still recall what once was.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIn his previous job, a large part of his duties were consumed by creating an intermodal bid package for carriers. In a spreadsheet, Knuth detailed the company’s volumes lane by lane, taking care to delete any errant keystrokes or misleading data. He would then email out the information to each carrier, taking time to respond to detailed technical questions about the spreadsheet data. Finally, he had to compile all the results, create an algorithm that would compare the carriers on each lane, and award the business.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e“It was a huge undertaking. It took about four months to do,” Knuth said of the old process. “It was almost a full-time job for that part of the year, every year.”\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIn his new job at IEWC, he sat down with Bid$ense on day one and was amazed at the capabilities. Knuth had never before used a bid tool. SMC³’s latest versions of Bid$ense automate the process even further, taking truckload and LTL RFPs entirely online. The tool draws on RFP best-practices protocols to streamline the bidding communication process, enabling bidding carriers to respond accurately and promptly to shipper requests. The solution also does all the distribution work automatically, electronically submitting shipper bid data to carriers based on their actual service capabilities and performance records. Carriers are alerted with timely prompts for RFP deliverables, so shippers aren’t waiting by the phone for responses.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eAnother benefit of automating the process is the data-cleansing assistance. When Knuth sent spreadsheets to carriers, data errors might cloud the bidding process; he might have to resend data or simply accept a price that did not truly reflect the costs of doing business. Data cleansing is incredibly beneficial, he said.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThe spreadsheet technique also made bidding analysis an onerous task. Since Bid$ense automates and streamlines the entire RFP process, intensive examination is now simple. SMC³ knows that each bid has more than one best outcome. With uniform responses from each carrier, shippers can quickly rank results and create an unlimited quantity of what-if scenarios to make the optimal procurement decision.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eJesse Burnett of Central Garden \u0026amp; Pet experiences many of the same benefits. Founded in 1980, Central Garden \u0026amp; Pet has spent the last three decades growing from a small garden supply company to a provider of a range of products from dog chews and bird seed to soil supplements and natural insecticides. For much of its life, the company shipped these disparate goods via LTL and truckload carriers to retailers throughout the country, relying on each business unit to negotiate directly with their freight transportation providers. This arrangement worked fairly well for a small company, but as Central Garden \u0026amp; Pet expanded, leadership decided to consolidate decision making.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eBurnett helped centralize the transportation decision making in 2015 with SMC³’s Bid$ense. Before Bid$ense, every business unit operated independently as far as negotiating with carriers.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e“There were a lot of different things just floating around,” he said. “We didn’t have master agreements in place; no national pricing at all. The pricing from carriers was just all over the place, depending on where you were.”\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThe transformations he saw with Bid$ense were immediate. Burnett has been using the tool about every other year since its implementation at the company. Central Garden and Pet’s $19.6 million 2019 LTL bid saved the company just more than 9 percent when compared to its historical average. For Burnett, though, bid automation extends far beyond savings.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e“We knew that we weren’t getting the best pricing offer from our carriers just because nothing was centralized,” he continued. “We knew that if we combined everything from all these business units and paired it with one corporate offering, then it would drive some cost benefit with it.”\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eWhen the company initially decided to centralize bid procurement, executives researched a number of different methodologies and technologies. In the end, though, Burnett found that Bid$ense was both widespread and well known, and that his carrier partners already knew how to use the application. Burnett also highlighted the data-cleansing process as a major benefit, saying the rigorous process ensures that carriers always return the best price.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e“It definitely has helped drive savings,” he said. “Any time you go out there and you drive that competitiveness with the carriers and they know they’re in a bid environment, it seems to sharpen their pencils.”\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eTransportation procurement is an integral part of the modern supply chain. With Bid$ense, shippers can develop a strategic implementation plan that saves them time and money, but also helps them create strong relationships with their carrier partners. These carriers appreciate the solution’s data-cleansing process; when carriers receive a complete shipment history and future volume forecast, they don’t have to guess on pricing. Carriers that receive more data from shippers get a complete picture of that shipper’s freight, allowing them to accurately plan instead of simply preparing for the worst-case scenario. Clean data presented through an automated system can lead to both bigger shipment savings and a lasting partnership between carrier and customer.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eWhether customers are looking to streamline over-the-road transportation bidding by automating the RFP process or create an entirely new, centralized sourcing process, Bid$ense has the analytical horsepower to get the job done.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eSMC³ 2020 Customer Case Study\u003c/span\u003e\u003c/p\u003e","Author":"Sponsored by SMC3","PhotoCutline":"Photo Credits: Shutterstock","FeatureImageId":"5a250a9a-79d5-4e11-99a9-055c34871cc2","FeatureImage":{"Id":"5a250a9a-79d5-4e11-99a9-055c34871cc2","Name":"SMC3rates_shutterstock_5247046.jpg","Path":"/content-assets/1724062812611_SMC3rates_shutterstock_5247046.jpg","__typename":"File"},"Taxonomy":{"Id":"46","Name":"LTL","Redirects":[{"Path":"/surface/trucking-news/ltl","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},"Redirects":[{"Path":"/shippers-save-money-time-with-automated-transportation-bidding-tools-5994e1c1","__typename":"Redirect"}],"EntityMetadata":{"CreatedAt":"1724062819729","__typename":"EntityMetadata"},"__typename":"PartnerContent"},{"Id":"92549aa6-bf87-42f9-a742-cbcd76e3d298","Title":"SSA Marine Mexico Modernizes Facilities with $15 Million Investment ","ContentBody":"\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eSSA Marine Mexico has made significant strides in modernizing its infrastructure at the Port of Manzanillo, investing $15 million to enhance operational efficiency and sustainability at its facilities. This move is part of the company's broader strategy to remain at the forefront of the shipping and logistics industry.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e•\u003c/span\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e\t\u003c/span\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eStrengthening Sustainability with Advanced Technology\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cfigure class=\"joc_admin__inline-image-position-left joc_admin__inline-image-size-medium\" data-figure-size=\"medium\" data-figure-position=\"left\"\u003e\u003cspan class=\"joc_admin__inline-image-inherit\"\u003e\u003cimg src=\"/content-assets/1730488295264_Cranes%20arrival%20to%20TEC%20I.png\" alt=\"Cranes arrival to TEC I\" class=\"joc_admin__inline-image-inherit\"\u003e\u003c/span\u003e\u003c/figure\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e \u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIn July, SSA Marine Mexico added seven state-of-the-art E-RTG (Electric Rubber-Tired Gantry) cranes to its fleet, valued at $14 million. These advanced cranes were distributed across its two terminals: four cranes were assigned to the Multipurpose Terminal, and three to the Specialized Container Terminal I. \u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eWhat sets these cranes apart is their dual-operation capability, allowing them to function either on electric power or diesel fuel. This innovation plays a critical role in reducing the environmental impact of operations, contributing to a 7% increase in energy efficiency. This efficiency improvement is equivalent to eliminating nearly 4,000 tons of CO2 emissions annually, underscoring SSA Marine Mexico's commitment to sustainability.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThrough this acquisition, SSA Marine Mexico not only enhances its cargo-handling capabilities but also reinforces its leadership in integrating cutting-edge, eco-friendly technology in the maritime industry. The company continues to push the boundaries of efficiency and sustainability, ensuring long-term value for both its customers and the environment.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e•\u003c/span\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e\t\u003c/span\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eUpgraded Facilities to Meet Growing Demand\u003c/span\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e \u003c/span\u003e\u003c/p\u003e\u003cfigure class=\"joc_admin__inline-image-position-left joc_admin__inline-image-size-medium\" data-figure-size=\"medium\" data-figure-position=\"left\"\u003e\u003cspan class=\"joc_admin__inline-image-inherit\"\u003e\u003cimg src=\"/content-assets/1730488350634_Multipurpose%20terminal.png\" alt=\"Multipurpose Terminal\" class=\"joc_admin__inline-image-inherit\"\u003e\u003c/span\u003e\u003c/figure\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cbr\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIn addition to the new cranes, SSA Marine Mexico has completed crucial modernization and repair work across its Multipurpose Terminal and Specialized Facility at the Port of Manzanillo. This $1 million investment targeted critical infrastructure enhancements, focusing on both structural integrity and operational functionality.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eKey improvements included leveling approximately 12,000 square meters in the dock area, along with the removal of outdated concrete curbs and asphalt layers. The upgraded space now features high-resistance pavers designed to optimize water drainage and prevent pooling, ensuring safer and more efficient operations.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eMoreover, the Specialized Facility saw significant upgrades, including the leveling of key warehouse areas to facilitate smoother cargo handling processes.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThese infrastructure improvements directly enhance the handling of TEUS (Twenty-foot Equivalent Unit containers), further demonstrating SSA Marine Mexico's unwavering commitment to continuous modernization, operational safety, and efficiency.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eWith these initiatives, SSA Marine Mexico is well-positioned to meet the growing demands of the global shipping industry while setting new standards in sustainable port operations.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eLINK:\u003c/span\u003e\u003ca href=\"https://www.ssamarine.mx/ssa-ing/index\" rel=\"noreferrer\" class=\"joc_admin__link\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e https://www.ssamarine.mx/ssa-ing/index\u003c/span\u003e\u003c/a\u003e\u003cbr\u003e\u003c/p\u003e","Author":"Sponsored by SSA Marine ","PhotoCutline":"Photo by SSA Marine Mexico","FeatureImageId":"e1447250-5fe7-43ba-a297-16b55e1dcd5f","FeatureImage":{"Id":"e1447250-5fe7-43ba-a297-16b55e1dcd5f","Name":"Cranes arrival to TEC I.png","Path":"/content-assets/1730488383359_Cranes arrival to TEC I.png","__typename":"File"},"Taxonomy":{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},"Redirects":[{"Path":"/ssa-marine-mexico-modernizes-facilities-with-15-million-investment-92549aa6","__typename":"Redirect"}],"EntityMetadata":{"CreatedAt":"1730488384752","__typename":"EntityMetadata"},"__typename":"PartnerContent"},{"Id":"c7bc78df-b12e-42e2-964e-ea543f4d66a9","Title":"Filling the Supply Chain Education Gap with LTL Education Courses","ContentBody":"\u003cp class=\"joc_admin__paragraph\" dir=\"ltr\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIf there’s one immutable truth in the world of logistics, it’s this: LTL is an inherently complex form of transportation. Tariffs, rates, DIM weights, transit times — it’s enough to confuse even seasoned logistics professionals. The solution to this knowledge gap has historically been on-the-job training or university supply chain education, but for a variety of reasons there is now a pressing need for third-party, remote LTL training that prepares logistics workers for transportation success.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e\u003cstrong class=\"joc_admin__textBold\" style=\"white-space: pre-wrap;\"\u003eGlobal Scope Can Overlook Local Intricacies\u003c/strong\u003e\u003c/b\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIn the past, professionals looking to move into a supply chain career learned about the basics of supply chain from universities. However, many of these college supply chain programs are now global in scope, focusing on worldwide supply chain management instead of the intricacies of specialized domestic transportation. And even these programs, which used to be widespread, are becoming less common. LTL is not an industry of broad-brush strokes; supply chain professionals really need a pointillistic understanding of the logistics of LTL in order to excel in the industry.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e\u003cstrong class=\"joc_admin__textBold\" style=\"white-space: pre-wrap;\"\u003eAccelerating Need for Dedicated LTL Education\u003c/strong\u003e\u003c/b\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThis lack of specified training put the onus on employers to prepare new hires with the LTL knowledge needed to do their jobs. Dedicated LTL study is a necessity, not a luxury. At the same time, changes in LTL and the broader supply chain world are accelerating. The reliance on e-commerce has ballooned since the start of the pandemic, and last-mile LTL shipments and related e-commerce strains on the supply chain won’t diminish once social distancing abates.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThat genie isn’t going back into the bottle. So supply chain employers need logistics workers that are fully versed in all aspects of the industry, ready to solve unique shipping and delivery problems based on their extensive supply chain knowledge But why care about LTL? It’s been reported that some shippers in today’s world are no longer concerned with what mode is used to ship their goods.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e\u003cstrong class=\"joc_admin__textBold\" style=\"white-space: pre-wrap;\"\u003eA Multimodal Approach Ensures On-Time Delivery\u003c/strong\u003e\u003c/b\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThis mode agnosticism means supply chain stakeholders have to be well versed in all modes of transportation. As unforeseen weather events and other disruptions, such as protests, become more common, savvy logistics employees will need to be armed with familiarity of all modes, not just the most popular, to ensure that freight is delivered on time, without damage, and in the most financially expedient way possible. Offerings like SMC³’s LTL online education courses cover a wide range of topics from LTL basics and operations to more advanced concepts like pricing analytics and transportation law. The company also has plans to continually refresh content, adding new expert presenters and taking the feedback of students to make the courses even better as time goes on.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eLearn more about\u0026nbsp;\u003c/span\u003e\u003ca href=\"https://logisticstrainingcenter.com/smc3-courses/\" rel=\"noreferrer\" class=\"joc_admin__link\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eSMC³’s LTL Online Education program\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e\u0026nbsp;and view the 2021 hybrid schedule, featuring live industry experts,\u0026nbsp;\u003c/span\u003e\u003ca href=\"https://www.smc3.com/onlinelearning2021/\" rel=\"noreferrer\" class=\"joc_admin__link\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003ehere.\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e","Author":"Sponsored by SMC³","PhotoCutline":"Photo Credits: Shutterstock","FeatureImageId":"bf8b13fa-df15-4b0e-8d1d-d8ef28bdb121","FeatureImage":{"Id":"bf8b13fa-df15-4b0e-8d1d-d8ef28bdb121","Name":"SMC3rates_shutterstock_5247046 (1).jpg","Path":"/content-assets/1726241504084_SMC3rates_shutterstock_5247046 (1).jpg","__typename":"File"},"Taxonomy":{"Id":"46","Name":"LTL","Redirects":[{"Path":"/surface/trucking-news/ltl","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},"Redirects":[{"Path":"/filling-the-supply-chain-education-gap-with-ltl-education-courses-c7bc78df","__typename":"Redirect"}],"EntityMetadata":{"CreatedAt":"1726241511473","__typename":"EntityMetadata"},"__typename":"PartnerContent"}],"taxonomyTree":[{"Id":"4","Name":"Supply chain","Menu":true,"MetaTitle":"Supply Chain News | Journal of Commerce","MetaDescription":"Stay updated on supply chain strategies, cargo visibility, inventory trends and more with our comprehensive supply chain news and analysis.","JocCategories":"Supply chain","CategoryDescription":"The Journal of Commerce’s supply chain news and analysis impacting the management of end-to-end supply chains reports on supply chain strategies, cargo visibility, inventory trends, sourcing, customs certification and contract logistics. Supply chain news coverage also delves into refrigerated shipping advancements and management of inventory status, regulatory updates and government funding projects.","ParentId":null,"Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"Children":[{"Id":"16","Name":"Transport, Trade and Regulation News","Menu":true,"MetaTitle":"Transport, Trade and Regulation News | Journal of Commerce","MetaDescription":"Stay informed with the latest regulation news and trade updates. Explore comprehensive transportation news and trade regulations today.","JocCategories":"Transport, Trade and Regulation News","ParentId":"4","Position":17,"Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"17","Name":"Logistics Technology News","Menu":true,"MetaTitle":"Logistics Technology News | Journal of Commerce","MetaDescription":"Our logistics technology news include logistics technology startups, solutions, and the impact of technology on logistics and supply chain management.","JocCategories":"Logistics Technology News","ParentId":"4","Position":15,"Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"18","Name":"Cool Cargo News","Menu":true,"MetaTitle":"Cool Cargoes News | Journal of Commerce","MetaDescription":"A thorough cool cargoes news by Journal of Commerce. Learn about the latest trends in refrigerated cargo transportation, weight capacity, technology, and more.","JocCategories":"Cool Cargo News","ParentId":"4","Position":19,"Redirects":[{"Path":"/supply-chain/cool-cargo-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"19","Name":"Last Mile News","Menu":true,"MetaTitle":"Last Mile News | Journal of Commerce","MetaDescription":"Journal of Commerce keeps you informed on the latest last mile news with comprehensive coverage of carriers, logistics, and last mile transportation solutions.","JocCategories":"Last Mile News","ParentId":"4","Position":18,"Redirects":[{"Path":"/supply-chain/last-mile-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"20","Name":"Industrial Real Estate News","Menu":true,"MetaTitle":"Industrial Real Estate News | Journal of Commerce","MetaDescription":"Discover the latest industrial real estate news and trends. Covering projects, real estate supply chain, logistics, pricing, cross dock facilities, and more.","JocCategories":"Industrial Real Estate News","ParentId":"4","Position":16,"Redirects":[{"Path":"/supply-chain/industrial-real-estate-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"TaxonomyDictionary"}],"redirectToFirstPage":false,"currentPage":1,"itemCount":33568,"pageSize":40},"pageType":1,"children":null,"internalProms":[{"Id":"62c5d872-7749-4dbc-92f6-449d1e370130","Name":"Subscription Sale Pop Up","Description":"","Body":"","Title":null,"PromotionType":"POPUP","ButtonLink":"","ButtonOpenInNewWindow":false,"ButtonText":"","CardLink":"https://www.joc.com/subscription/choose-plan","Icon":null,"Published":true,"PublishingStart":"1732562400005","PublishingEnd":"1733115599005","SubscriberLevel":["Free"],"CloseDelay":25,"DisplayDelay":10,"DisplayPerSession":1,"Taxonomies":[{"Id":"5","Name":"Events","__typename":"TaxonomyDictionary"},{"Id":"1","Name":"Maritime","__typename":"TaxonomyDictionary"},{"Id":"2","Name":"Surface","__typename":"TaxonomyDictionary"},{"Id":"3","Name":"Air Cargo","__typename":"TaxonomyDictionary"},{"Id":"21","Name":"Magazine","__typename":"TaxonomyDictionary"},{"Id":"4","Name":"Supply chain","__typename":"TaxonomyDictionary"},{"Id":"8","Name":"Breakbulk News","__typename":"TaxonomyDictionary"},{"Id":"9","Name":"Container Shipping News","__typename":"TaxonomyDictionary"},{"Id":"10","Name":"Port News","__typename":"TaxonomyDictionary"},{"Id":"11","Name":"Trucking News","__typename":"TaxonomyDictionary"},{"Id":"12","Name":"Rail News","__typename":"TaxonomyDictionary"},{"Id":"13","Name":"Air Cargo Forwarder News","__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","__typename":"TaxonomyDictionary"},{"Id":"17","Name":"Logistics Technology News","__typename":"TaxonomyDictionary"},{"Id":"18","Name":"Cool Cargo News","__typename":"TaxonomyDictionary"},{"Id":"19","Name":"Last Mile News","__typename":"TaxonomyDictionary"},{"Id":"20","Name":"Industrial Real Estate News","__typename":"TaxonomyDictionary"},{"Id":"25","Name":"Special Reports","__typename":"TaxonomyDictionary"},{"Id":"29","Name":"Breakbulk carriers","__typename":"TaxonomyDictionary"},{"Id":"30","Name":"Ro/ro cargo","__typename":"TaxonomyDictionary"},{"Id":"31","Name":"Energy projects","__typename":"TaxonomyDictionary"},{"Id":"32","Name":"Heavy-haul transport","__typename":"TaxonomyDictionary"},{"Id":"33","Name":"Project cargo","__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","__typename":"TaxonomyDictionary"},{"Id":"35","Name":"Trans-Atlantic","__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","__typename":"TaxonomyDictionary"},{"Id":"37","Name":"Asia-Europe","__typename":"TaxonomyDictionary"},{"Id":"38","Name":"Trans-Pacific","__typename":"TaxonomyDictionary"},{"Id":"39","Name":"Drayage","__typename":"TaxonomyDictionary"},{"Id":"40","Name":"Port infrastructure","__typename":"TaxonomyDictionary"},{"Id":"41","Name":"Breakbulk ports","__typename":"TaxonomyDictionary"},{"Id":"42","Name":"North American ports","__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","__typename":"TaxonomyDictionary"},{"Id":"44","Name":"International ports","__typename":"TaxonomyDictionary"},{"Id":"45","Name":"Longshore labor","__typename":"TaxonomyDictionary"},{"Id":"46","Name":"LTL","__typename":"TaxonomyDictionary"},{"Id":"47","Name":"Truckload","__typename":"TaxonomyDictionary"},{"Id":"48","Name":"Truck brokers","__typename":"TaxonomyDictionary"},{"Id":"49","Name":"Flatbed","__typename":"TaxonomyDictionary"},{"Id":"50","Name":"Trucking labor","__typename":"TaxonomyDictionary"},{"Id":"51","Name":"North-American rail","__typename":"TaxonomyDictionary"},{"Id":"52","Name":"International rail","__typename":"TaxonomyDictionary"}],"TargetUrls":["/","/news","/subscription/choose-plan"],"Position":1,"FeatureImageId":"c50bd3d1-f784-4aff-a0b5-066478ed1dea","FeatureImage":{"Id":"c50bd3d1-f784-4aff-a0b5-066478ed1dea","Name":"Website_Black Friday_640x340.png","Type":"image/png","Path":"/content-assets/1732562808532_Website_Black Friday_640x340.png","__typename":"File"},"__typename":"InternalPromotion"}],"baseUrl":"joc.com","path":"/supply-chain","gtagKey":"G-W0K2N896YP"},"__N_SSP":true},"page":"/[...slug]","query":{"slug":["supply-chain"]},"buildId":"ySTwj_LF9YWGrQLC0ryEK","runtimeConfig":{"NEXT_PUBLIC_AUTH_SHARED_CLIENT_ID":"1240c847-a45a-4fb6-bc06-e4a30a452a1f","NEXT_PUBLIC_AUTH_SHARED_CLIENT_SECRET":"","NEXT_PUBLIC_RECAPTCHA_SITE_KEY":"6LeIxAcTAAAAAJcZVRqyHh71UMIEGNQ_MXjiZKhI"},"isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>