DP World selects Pledge for carbon cutting metrics
DP World has selected Pledge to accurately measure the impact of its Modal Shift Programme (MSP), which financially incentivises cargo owners to switch from road to rail for freight transport from the Port of Southampton to railheads within a radius of 140 miles. The programme also aims to address the current under-utilisation of the United […]
CMA CGM revises Med-US rates
CMA CGM has announced that effective from 1 September 2024, a rate restoration initiative will be introduced to tariff or service contract rates for all cargo under the following scope. This initiative will apply to shipments from/via La Spezia (Italy), Adriatic, Black Sea, Cyprus, Greece, Türkiye, Lebanon, North Africa and Morocco to the US East […]
New Orleans announces major progress on key infrastructure projects
The New Orleans Public Belt Railroad (NOPB) has announced significant progress on two key infrastructure enhancement projects: the Transloading Industrial Park and the Claiborne Yard expansion. Located off Jourdan Road in New Orleans East, the NOPB Transloading Industrial Park will facilitate more efficient freight movement between truck and rail into America’s heartland. In addition, owned […]
Futures show more downside to freight rates in 2025
Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now. On 5 August, the index points of the EC2408 (August contract) closed at 5,627, while the EC2410 (October contract) closed at 3,585 points, losing 3% and 9%, respectively, from 29 July. The EC2504 (April 2025 contract) […]
LATAM Cargo to add Europe capacity following rivals’ transatlantic cutbacks
LATAM Cargo will add extra capacity to the Latin America-Europe trade lane following Qatar Airways and Air France KLM Martinair’s decision last week to remove services from the market. The South American carrier yesterday announced it would add two weekly flights to its current schedule between the two regions from October 1. The new frequencies […]
Hapag-Lloyd introduces new PSS from Egypt to Americas
Hamburg-based ocean carrier Hapag-Lloyd announced that a Peak Season Surcharge (PSS) will be implemented for shipments from Egypt to Central America, the Caribbean, and the West Coast of South America. This surcharge will be effective from 20 August 2024 and will remain in place until further notice. For regulated countries (Colombia, Ecuador, Puerto Rico, US Virgin […]
COSCO SHIPPING issues first flat rack e-bill of lading for vehicle customer
COSCO SHIPPING Specialized Carriers announced the successful issuance of its first flat rack Electronic Bill of Lading from China to Mexico for its customer ChanganAutomobile. “This milestone marks a significant step forward in the digitization of the shipping industry,” pointed out COSCO. Last week, COSCO SHIPPING Grace transported vehicles using flat racks that were designed […]
Port of Tanjung Pelepas sets record with over 1.1 million TEUs in July
In July, Port of Tanjung Pelepas (PTP), operated by MMC Group and APM Terminals, has set a new milestone by handling 1,115,181 TEUs in a single month. This achievement surpasses the port’s previous record of 1,077,747 TEUs set in May this year. “Our ability to achieve this record-breaking performance without any congestion solidifies PTP’s role […]
Japan’s export and import Q2 indices show gradual improvement, still in negative territory
Japan’s exports and imports remained in negative territory in the second quarter of the year, but showed improvement compared to the previous quarter, according to a survey by NX Logistics Research Institute and Consulting. The Tokyo-based think tank, affiliated with the Nippon Express (NX) group, anticipates similar trends for the third quarter, with continued negative […]
GB Railfreight launches new intra-UK rail service
Major UK rail freight provider GB Railfreight (GBRf) has launched an intra-UK daily rail service between the Port of Felixstowe and Widnes. Port of Felixstowe is the largest container port in the United Kingdom, while it also has the country’s busiest intermodal rail freight facility with services to 17 inland destinations. The port has three […]