CBP seeks industry input on rules curbing low-value shipment abuse
The US is seeking to amend rules regarding so-called de minimis shipments, which have skyrocketed since the pandemic. Source link
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Indian forwarders seek clarity on spot booking program for Gemini Europe sailings
Two US shippers latest to allege carriers bumped contract cargo to spot market The twin complaints to the FMC charge that several ocean carriers pushed the shippers into paying surcharges and premium rates totaling $5.5 million, while creating another $76 million in added spot market costs. Source link
Ocean Alliance network to grow trans-Pacific, Asia-Europe coverage
Ocean Alliance network to grow trans-Pacific, Asia-Europe coverage The uncertainty surrounding the Red Sea was highlighted by member OOCL, and although the carrier provided both an around-Africa option and a version via the Suez, it said the Africa diversions will continue until further notice. Source link
Taiwan’s Big Three carriers see 30% slide in H2 monthly revenues after rate slump
The decline reflects the wider slide in container freight rates from August, which accelerated in October and November as cargo demand eased. Source link
Cosco forecasts 95% jump in 2024 net profit on robust volumes, freight rates
The carrier’s top-line financials are a clear signal that container shipping is firmly back in profitable territory following a poor end to 2023 that left several carriers nursing losses. Source link
FedEx, UPS to continue discounting parcel rates amid increased competition
The US last-mile market has become fragmented, benefiting shippers from both a cost and capacity perspective. Source link
Vancouver braces for congestion, high rail dwells through January
Vancouver braces for congestion, high rail dwells through January A confluence of factors, including vessel bunching at Asian load ports and a pre-Lunar New Year cargo surge, have combined to cause congestion at the port and reduce its railcar availability. Source link
Cargo volumes for mega cracker project at Antwerp to peak in 2025
Vancouver braces for congestion, high rail dwells through January A confluence of factors, including vessel bunching at Asian load ports and a pre-Lunar New Year cargo surge, have combined to cause congestion at the port and reduce its railcar availability. Source link
US truckload spot rates rising, but shippers keeping lid on contract rates
The lack of sustained underlying freight demand is keeping contract truckload rates close to flat, analysts and shippers say, despite a late-year seasonal gain in spot rates. Source link
Limited disruption likely as new carrier alliances roll out: Alphaliner
With the threat of a US port strike averted, the transition to new global service networks will not be accompanied by widespread disruption, the analyst believes. Source link