In January, spot market freight volume declined seasonally, falling 11% from an abnormal December high.
Volume also collapsed 27% compared to the same time in 2014. It was the first time in 19 months, which the year-over-year declined for the index that measures truckload freight demand and capacity,
Shipping freight rates are being pushed up due to a U.S. West Coast port strike. Container ships are unavailable for new orders because of delays in offloading and taking on new cargo.
Off the large U.S. West Coast ports, dozens of container ships are lying in wait. Many of which have been waiting more than a week to enter port to unload or take on new cargoes.
A lot of vessels are being affected by the strike. There are a lot of delays and container rates are being pushed up due to fewer ships being available for new orders.
A new report warns us about air pollution from ships in the high Arctic, to increase air pollution from shipping.
Although the report is called “Air pollution from marine vessels in the U.S. High Arctic in 2025,” its findings are of concern to the entire Arctic region.
It is estimated that shipping could increase in the next 10 years anywhere from 150 percent to 600 percent due to Arctic ice melt,
New international and domestic air trade policies are being devised, by many governments, to increase air cargo services at both domestic and international airports. The objective is to attract air cargo carriers that offer various services for the export and import of all types of domestic and international air cargo.
Net absorption of warehousing and manufacturing space in the U.S. has been positive for 19 consecutive quarters, yet continued improvement is expected at least through 2015.
The main drivers of industrial real estate; cargo volumes at seaports, rail freight volumes, gains in gross domestic product, increasing retail sales and a gradually improving housing market, all indicate that the trend will continue.
Authorities are investigating the partial derailment of a freight train early Saturday in South Philadelphia. Inside a CSX Corp. rail yard near 11th Street and Pattison Avenue, the incident took place around 3 a.m. A three-locomotive, 111-car CSX freight train was traveling from Chicago to the Philadelphia area when 11 tank cars containing crude oil came off the tracks. The cars, luckily, had remained upright.
A record number of courier and trucking businesses collapsing last year led to a raise of insolvencies in the logistics industry. Insolvencies jumped from 20% to 221 in 2014, which is more than double the 2010 figure. Overcapacity in the sector drove prices down.
Lade AS, a Norwegian ship designer, has revealed a new, futuristic design for cargo ships. The new vessel will be using the ships’ hulls as the sail. The ‘Vindskip’ is inspired by sailboats and aerospace technology. The hull is a symmetrical air foil designed to use wind for propulsion, which will generate aerodynamic lift, pulling in the ship’s direction.
New vessels are being built bigger than ever and shipping lines are forming bigger alliances to make the most of them. Shipping lines are utilizing larger ships by allowing other alliance members' cargo on their vessels. However, the past few months have left container stacking areas in the quays full and overflowing. In particular Los Angeles and Long Beach have been citing struggles in handling the massive volume of empty containers during this past peak shipping season.
The U.S. Federal Mediation and Conciliation Service gave a statement that it will aid in resolving the still unsolved negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union. These groups represent employers and up to 20,000 dockworkers respectively at over twenty ports along the western coastline. Federal mediators are seeking to put an end to these stalled negotiations that have filled the freight shipping news for the past few months.
