CMA CGM’s group net profit rocketed to $2.7 billion in the third quarter, thanks to stronger pricing power and earlier peak seasons for North American and European importers. Source link
A second Trump term could benefit US oil projects, but offshore wind is under threat as an early casualty of the new administration. Source link
US retailers plan to significantly increase imports in November and December compared with projections from just one month ago following Donald Trump’s election to a second term. Source link
Coast-to-coast work stoppages at Canadian ports have ground container operations to a halt, with port employers saying their best offers for new dockworker contracts are on the table. Source link
Among the major container lines, CMA CGM has taken the lead in reinstating shorter Suez Canal routings, offering India exporters to North America shorter transits than the majority of other services sailing around southern Africa. Source link
The Journal of Commerce Truckload Capacity Index indicates large US carriers pulled back on capacity cuts in the third quarter and are planning for expansion and higher rates. Source link
Prolonged US freight ‘recession’ to drag into 2025: transportation executives Shippers, brokers and trucking executives at a Traffic Club of Chicago forum all said the long freight downturn isn’t finished — but are hopeful it’s nearing an end. Source link
Despite multiple highly disruptive exterior events, from hurricanes to labor strikes, there has not been an intermodal service meltdown in North America, writes Larry Gross. Source link
Sources also noted that some recent sailings on the trade lane have had difficulty filling space at Nhava Sheva and Mundra in line with declared allocation plans. Source link
There are no signs of any rush to frontload ahead of potential tariff increases on European imports by the new US administration or to get cargo moving before a possible second strike by the ILA. Source link
