Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.

Pacific Rim Report: Transpacific chief shoots from the hip

Posted 03/01 · 05:00 AM · LM Editorial
Brian Conrad, executive administrator for the Transpacific Stabilization Agreement (TSA), is not only regarded as a “thought leader” in the ocean shipping arena, but also as a man of uncommon candor. For the past several years now, he has weathered the storm brought on by shippers’ associations challenging pricing and operations in the world’s most active—and vital—trade lane linking North America and Asia.

UPS significantly adds to LCL lane density in 2012

Posted 02/12 · 12:04 PM · LM Editorial
Company officials said this expansion was made to address market trends related to increased manufacturing and consumer demand in many regions, with these lanes originating in Asia, Europe, the Middle East, Africa, and South Africa. With this expansion, UPS has more than 1,700 direct LCL lanes serving 116 countries.
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Supply Chain Managers Tracking Rate Picture in the Transpacific

Posted 02/05 · 12:00 PM · SCMR Editorial
The battle lines between shippers and carriers comprising the Transpacific Stabilization Agreement (TSA) are shaping up early as both sides make plans for future contracting.

Transpacific rates will be matter of contention

Posted 02/04 · 11:31 AM · LM Editorial
The battle lines between shippers and carriers comprising the Transpacific Stabilization Agreement (TSA) are shaping up early as both sides make plans for future contracting.

ILA, USMX reach tentative labor contract agreement

Posted 02/04 · 11:27 AM · LM Editorial
Following months of acrimonious negotiations, the United States Maritime Alliance (USMX), an alliance of container carriers, direct employers, and port associations serving United States-based East and Gulf Coasts, and the International Longshoremen’s Association (ILA), the largest union of maritime workers in North America, have reached a tentative agreement on a new labor contract.

U.S. Ports Update: Green roots take hold

Posted 02/01 · 11:18 AM · LM Editorial
Port authorities at major cargo gateways on all three coasts are investing in infrastructure and strategic planning to become more sustainable corporate citizens—a positive trend that’s making U.S. seaports more efficient and resilient than ever.

AAPA chief Nagle praises LaHood’s focus on ports as DOT Secretary

Posted 01/30 · 10:59 AM · LM Editorial
American Association of Port Authorities' President and CEO Kurt Nagle says AAPA and the public port industry have greatly appreciated Secretary LaHood’s recognition of the importance of ports as a critical link in our transportation system and his support for port related infrastructure investment during his term as Secretary.

Transpacific ocean cargo rates remain stable…for now

Posted 01/21 · 10:36 AM · LM Editorial
The Drewry Hong Kong-Los Angeles container rate benchmark, published in the latest Container Freight Rate Insight report, jumped 14% to $2,524 per forty-foot equivalent unit (FEU) this week, as the January peak season surcharge (PSS) took effect.

Jones Act trade lane to get world’s cleanest vessels

Posted 01/14 · 11:43 AM · LM Editorial
TOTE, Inc. announced it has committed to the construction of two new state-of-the-art containerships for the Puerto Rico trade, with options for three more vessels for additional domestic service. The agreement with General Dynamics NASSCO represents a major technological milestone in international shipping.

May calmer minds prevail on port strike issue

Posted 01/10 · 11:29 AM · LM Editorial
A diverse coalition of over 120 local, state and national stakeholders, ranging from farmers and manufacturers to retailers and wholesalers – representing the totality of the global supply chain – sent a letter today to the International Longshoremen’s Association (ILA) and United States Maritime Alliance, Ltd. (USMX) urging both sides to remain at the negotiating table until they “reach a new long-term contract.”
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