Ro/ro carriers report mixed results on ‘sold out’ capacity
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3h ago
Roll-on/roll-off carriers Wallenius Wilhelmsen and Höegh Autoliners anticipate high auto volumes and tight capacity ahead amid Red Sea-driven diversions ..read more
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Forward Air claims ‘no customer attrition’ following Omni merger
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3h ago
The expedited surface transportation provider said it has kept customers and is adding business but needs to “aggressively” address profitability after a first-quarter loss ..read more
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Yang Ming nearly triples Q1 profits on improving shipping market
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5h ago
While Yang Ming was upbeat about improving container volumes and easing global inflation, the Taiwan-based ocean carrier warned of geopolitical volatility ..read more
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Declining India–Europe vessel reliability reverses rate decline
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5h ago
Poor schedule reliability, challenged by a container supply chain that has been stretched thin by diversions away from the Suez Canal, is causing spot rates from India to Europe to rebound ..read more
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Dali refloating triggers multiyear insurance claim process for shippers
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5h ago
Shippers will soon be able to retrieve cargo aboard the Dali, but they or their insurers will be expected to post sizeable bonds to cover general average claims ..read more
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No sign of air freight demand easing as ‘slow’ summer nears
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7h ago
Underpinning strong volume growth is booming demand for Chinese e-commerce in the US and modal shift from ocean to air in South Asian countries to mitigate Red Sea disruptions ..read more
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Public-private backing pushes Delaware’s Edgemoor terminal project forward
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1d ago
The private-equity backed Enstructure unveiled a public-private partnership with Delaware that will eventually increase Wilmington’s annual capacity to more than 1.5 million TEUs ..read more
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Wan Hai swings to profit in Q1 on rising rates, revenues
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1d ago
Container spot rates on the key markets Wan Hai serves, including Asia–North America, intra-Asia and Asia–Latin America, have been steadily rising this year, helping push the carrier back into the black in the first quarter ..read more
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Rising volumes, larger ships overwhelm West Mediterranean container hubs
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1d ago
Carrier attempts to mitigate the extended transit times of sailing around southern Africa by increasing the use of transshipment in the Mediterranean are being frustrated by growing port congestion ..read more
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Norfolk Southern CEO survives proxy battle
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1d ago
Alan Shaw will remain in his position as CEO of Norfolk Southern, but Ancora Holdings gained leverage on the railroad’s board of directors, winning three seats ..read more
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