JOC

The Journal of Commerce delivers world-class news, analysis and business intelligence for international transportation, logistics and supply chain professionals

[JOC @JOC_Updates]

UK watchdog calls for end to ocean carrier antitrust immunity: https://t.co/V2ae1JeKhW

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Congress steps into debate over jurisdiction of rail fees for ocean containers ...Draft legislation would also seek to codify that rail demurrage fees be billed to the ocean carrier, which would pass along the charge to the responsible shipper or BCO: https://t.co/gm2uZAVto6

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A shrinking spread between ocean freight rates from China to the US West and East coasts reflects the return of import volumes to West Coast ports. Learn more: https://t.co/wx3XNRWgy3

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No easy fix on the horizon for Panama Canal woes as shipping sector scrambles: https://t.co/GoSo2zs2L9

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OUT NOW: The Intermodal Savings Index (ISI) report by @arijashe. This report uses proprietary data and calculations to determine how much money the average shipper will save using domestic #intermodal compared with #long-haul #trucking across the US. https://t.co/3rgIv2bT5W

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US imports from Asia hit 2023 high in October despite muted peak season: https://t.co/oXw727lOcV

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Grim 2024 outlook drives Zim to take huge Q3 impairment loss: https://t.co/PxeGRz3h3z

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Rate spread between US East-West coasts erodes amid shifts in volume, sourcing...The spread, typically around $1,000, is now half that as volume growth returns to West Coast ports and shippers increasingly tap into Southeast Asia manufacturing: https://t.co/VU55R5Co4h

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J.B. Hunt shakes up Mexico-US intermodal market with Ferromex deal...Hunt will no longer partner with CPKC on cross-border loads destined for the Midwest and West Coast, in the latest shifting of alliances on new services between Mexico and the US: https://t.co/ewt0FTHUPx

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The alarm bells for global manufacturing and shipping are ringing louder. The GEP Global Supply Chain Index, a barometer of future demand for raw materials used in finished goods, has been in negative territory for the last six months, ending September. https://t.co/qJQ5oNG09R

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Crashing trans-Atlantic spot rates delay long-term contract signing... Carriers and shippers, however, believe there is little room left to fall for spot rates that are already below pre-pandemic levels: https://t.co/AT9lM8GtgV

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Hapag-Lloyd prioritizes costs as rates, earnings plummet...The carrier has followed its peers with a sharp decline in earnings, and although still highly profitable, its CEO warned that rates on the east-west trade lanes are at unsustainable levels: https://t.co/9J62znZtM4

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ILA looking for local ports to bring in more union foremen... Alongside broader talks on wages, the International Longshoremen’s Association said individual ports need to use more union supervisors and foremen, particularly throughout the South:
https://t.co/xailSvnxfS

[JOC Events @JOC_Events]

Don't miss your last chance to obtain discounted registration to attend #TPM24, the world's most senior-level gathering of global logistics professionals. There won't be another opportunity like it. Register or partner today: https://t.co/VWIGLDDl3U

[JOC Events @JOC_Events]

#Breakbulk24 is the premier, senior-level conference and networking venue for the breakbulk and project cargo shipping and logistics community. Early bird rates are still available for #Breakbulk24. Register today: https://t.co/Ifg03pNqbc

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ILA, USMX remain at odds over dockworker wage increases: Daggett...
The ILA president says further progress on a new master contract, as well as port-specific local deals, can’t happen until the two sides agree on coastwide pay hikes: https://t.co/2xQpVHrYBI

[JOC Events @JOC_Events]

Don't miss your last chance to obtain discounted registration to attend #TPM24, the world's most senior-level gathering of global logistics professionals. There won't be another opportunity like it. Register and partner today: https://t.co/VWIGLDDl3U

[JOC @JOC_Updates]

ONE finalizes terminal deals in Los Angeles, Oakland, Rotterdam...The Singapore-based carrier has now expanded its access to capacity in the strategic locations of the US West Coast, North Europe and Southeast Asia: https://t.co/Vy5ajJlqiV

[JOC @JOC_Updates]

The sudden loss of Yellow’s capacity in July has driven up less-than-truckload rates. The US producer price index (PPI) for long-distance LTL trucking rose 5.3% from July through September. Learn more: https://t.co/sYQxqdvw64

[JOC @JOC_Updates]

Flexport’s CEO tells the Journal of Commerce that the first order of business after this week’s acquisition of Convoy’s tech stack is getting the Convoy app running again and reaching out to the shuttered company’s customers: https://t.co/7YrMadTnXu