#1 Logistics, Freight and Transportation News

FedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary. Intermodal traffic and industrial products continue to lead resurgent volumes across U.S. railroads. Rising fuel and trucking costs have caused a rail volume surge, slowing down major U.S. railroads. Patrick Moebel, who spent years running FedEx Logistics and Geodis’s North American business, was named CEO of Ceva Logistics on Wednesday.

FTR and Witte Econometrics project a tougher freight market after a first-quarter import surge, based on Bureau of Economic Analysis data. While FTR’s pre-tariff forecast was projecting growth for https://greenhousebali.com/container-shipping-by-sea-advantages-and-rules.html a change, its latest forecast calls for big cuts in output. “So if it’s a very long straight length of haul thing, LA to Chicago, there’s a lot more reason for that box to move by rail. For a number of years, the intermodal container import industry had seen a trend of companies moving more container imports to East Coast and Gulf Coast ports, away from West Coast ports. But it’s difficult to forecast, because as Fuller added, “a lot of times the suppliers don’t even know what’s going on.” He said in his own business, there are some products that at a 145% tariff, “we’re not going to make any money on.

• The share of containerized imports that’s coming into the East Coast, almost 53% in May, is the highest it’s been since the summer of 2023, Towers said.
• Standard Forwarding Freight, the less-than-truckload carrier previously known as Standard Forwarding, said it is suspending operations while it evaluates next steps.
• But at 145%, “we’re talking about effectively cutting off most trade.
• Terminal capacity and equipment investments directly impact your shipment timelines.
• The equipment delivery was the first batch of 45 fully assembled haulers that were expected to arrive by the end of May, DCT said in statement on Thursday.
• While up only 20 basis points from June, the subindex continued to show that any recovery in the freight cycle is unlikely to come from the supply side.

As increased manufacturing capacity comes online, trucking, 3PL, and rail companies should find ways to capitalize on these opportunities. Learn more about the dynamic forces shaping the freight market and how industry leaders can navigate these changes to remain competitive. There are several go-to-market strategies that can be effective for a freight forwarding business,… Trade policy coverage is increasingly important as tariff and sanctions regimes shift. A daily scan of headlines takes five minutes and is essential for catching disruptions, rate changes, and regulatory updates that affect your operations.

Trump hits Canadian imports with new 50% tariffs, escalating trade fight

• Intermodal traffic and industrial products continue to lead resurgent volumes across U.S. railroads.
• South Carolina Ports is pausing operations at a key container terminal amid an uncertain outlook for trade and a need to reduce costs.
• 87% of ecommerce businesses likely to change manufacturing locations
• And a lot of Biden’s infrastructure bill — the core thesis of that was decarbonization and electrification of the auto and power sector.

There’s still value to being a shipper of choice in the truckload sector, but the relationship needs to deliver deeper value on both sides of the carrier-shipper aisle. On a second-quarter earnings call, company officials said tightening driver availability, increased regulatory enforcement and rising operating costs are removing capacity from the market faster than freight demand is growing. Hunt set a company record for intermodal volume in the second quarter, with the gains coming as shippers increasingly turn to intermodal as they struggle to secure truckload capacity and absorb fuel price spikes linked to the war with Iran. AVI-SPL supply chain executive Jeremy Codiroli said the recent launch of autonomous trucking operations in Texas represents a forward-thinking approach to risk management for the freight industry. Indiana State Police says Commercial Vehicle Enforcement Division troopers recovered about 12 stolen trailer loads worth more than $11 million since April. While cargo theft and ghost trucks remain the top mind for many logistics professionals, fraudsters are using fake trailer rental …

LTL CEOs see firmer demand, higher revenue driven by truckload tightness

And a lot of Biden’s infrastructure bill — the core thesis of that was decarbonization and electrification of the auto and power sector. That’s the freight market we’ve got,” Fuller said. “It has not been the freight market that we hoped for. Sources in India told the Journal of Commerce ONE has agreed to charter about 500 TEUs of slot space per week on Hapag-operated ships working the trade lane. Trade between Europe and its partners continues to adjust to the ever-changing geopolitical environment, and that uncertainty is being felt in the port’s container handling business.

• Sources in India told the Journal of Commerce ONE has agreed to charter about 500 TEUs of slot space per week on Hapag-operated ships working the trade lane.
• Modest parcel revenue growth cannot mask the financial pressure facing global postal operators amid rising costs, declining letter volumes and competition from private couriers, according to a new industry report.
• That combination says a lot about where we are in this freight cycle — caught somewhere between survival mode and slow recovery.
• ATRI’s annual operational cost report shows carriers trimmed fleets, delayed equipment purchases, and ran older trucks as expenses continued to outpace freight rates.
• And that, the Stifel analysts say, might make the next freight recovery a little different.
• “The comment made to me was a lot of our customers are going to go bankrupt,” Fuller said.

Upstream firms saw expansion (58.5) versus contraction among downstream companies (47.6). Smaller companies reported rapid expansion in inventory (64.8). The pricing index again grew faster than the capacity index, suggesting the freight market is recovering, albeit slowly. Transportation pricing has remained firmly in growth mode this year, averaging a monthly reading of 63.2.

“That summer surge, where a lot of import activities take place, I don’t know that we’re going to see that this year,” Fuller said. Where that is going to hit would be intermodal, since much of that cargo comes into major ports like Long https://event-miami24.com/sunstate-moving-a-reliable-company-that-organizes-intercity-transportation.html Beach/Los Angeles and then moves into the rest of the country by rail, and trucking that goes cross country or long distances. Instead, he said, “what we’re looking at now is an entirely different cycle caused by this economic blow that potentially could be reverberating through the freight market as well as the broader economy.”

The Laredo Gateway Industrial Railway project aims to expand short rail access for cross-border cargo between the U.S. and Mexico. Freight on U.S. railroads continued to enjoy a banner year as intermodal and commodity shipments powered into the July 4 weekend. The freight market tightened again in January, with transportation prices seeing the fastest growth rate since April 2022.