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The annual contract season is down to the final stretch in the trans-Pacific shipping market. U.S. import costs, liner profitability and service reliability all hinge on where contract prices settle in the next few weeks. The plot twist this year is that the prior round of annual contracts were signed at historically high levels and…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. On this episode of Tracks Through Time, Deputy Editor Brielle Jaekel tells the story of the collapse of the Silver Bridge and its mysterious history, followed by an interview with Tracy W. Brown, a West Virginia DOT state…
Israel-based ocean carrier Zim (NYSE: ZIM) is cutting its exposure to the freight market by offloading multiple leased vessels. News of its divestment strategy was first reported in late June and fresh details are now emerging. There have been reports this week of seven early charter terminations by Zim as well as two sublets. Two…
The company behind Northern Air Cargo has taken delivery of two widebody freighter aircraft this year and immediately placed them in storage because there isn’t enough business to operate them profitably despite the improved outlook for the global airfreight market, FreightWaves has learned. The decision represents the latest case of an all-cargo airline throttling back…
A rule regulating emissions at Southern California warehouses, which the state’s trucking industry viewed as akin to a zero-emission vehicle (ZEV) mandate, has been upheld by a federal district court. In a ruling earlier this month, Judge John Kronstadt of the Central District of California rejected claims in a lawsuit filed by the California Trucking…
Why do international supply chains suddenly feel like a reboot of “It’s a Mad, Mad, Mad, Mad World” or a blood sport version of “The Amazing Race”? For those who haven’t witnessed the former, it was a 1963 gargoyle of a movie. I say “witnessed” because you don’t exactly “watch” “It’s a Mad, Mad, Mad,…