Roughly one-third of the multipurpose and heavy-lift fleet is in position to be scrapped, while the industry demands larger vessels and carriers weigh (read more)
Cost and pricing pressures are tightening truckload margins, but Knight-Swift CEO Adam Miller sees supply and demand getting “closer to a balance. (read more)
The shipping industry is facing a prolonged period of geopolitical instability, attendees at the Journal of Commerce’s Breakbulk & Project Cargo (read more)
The second-largest US LTL provider is protecting its “excess capacity,” and investing in terminals, equipment and people while waiting for improve (read more)
But major forwarders do not expect the Red Sea ship diversions to provide any meaningful lift in Asia-Europe rates beyond the second quarter. (read more)