This week in the world of freight and logistics:
- Ocean Insights: March saw a reduction in blanked sailings from Asia to the US, dropping to 11.7% from higher rates in the past two years. Meanwhile, on-time vessel performance took a dip.
- Legal Moves: Samsung steps into a legal tangle with Cosco and OOCL over mishandled inland transport, facing high demurrage and detention charges. Similarly, the FMC seeks a hefty penalty from MSC over excessive late fees.
- Innovative Transits: Maersk resumes Panama Canal transits, boosting its Ocean-Americas service. Also, the ports of Antwerp-Bruges and Shanghai gear up as multifuel hubs with methanol power and LNG deals.
- New Services & Agreements: THE Alliance adjusts its Asia-US East Coast service plans amidst Red Sea threats. A new Southeast Asia-West India service by Wan Hai Lines is set to enhance connectivity. Additionally, a significant development project is underway at Al-Faw port in Iraq to expand its capacity and infrastructure.
- Railway and Roadway Shifts: Post the Francis Scott Key Bridge collapse, railway services are being adjusted to maintain container flow into Baltimore, with plans to restore full port access by May's end. The LTL trucking sector sees mixed financial results, while truckload revenue dips significantly.
- Tech and Air Cargo: Partnerships like FourKites and BuyCo signify strides in logistics tech, enhancing data access and shipment tracking. The air cargo sector is bustling, with BSAs sold out for the year, highlighting the surge in e-commerce demand.
- Intermodal and Parcel Updates: Potential rail strikes in Canada could impact intermodal services. BNSF Railway tests new measures for improved terminal efficiency. USPS now partners with UPS for air cargo, reflecting changing dynamics in parcel delivery services.
Let's keep the conversation going. Have questions or insights? Drop them in the comments!
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