The average cost savings for a shipper choosing intermodal rail over truckload was about 26% in the first quarter, according to the latest Journal of Commerce Intermodal Savings Index.
Evergreen Marine’s first-quarter net profit of $537 million was among the highest quarterly profit posted by container lines in the post-COVID 19 era, according to Alphaliner.
A preliminary federal investigation found the use of a different breaker configuration than had been previously in use onboard the Dali that led to a series of power blackouts on its outbound voyage.
Brandy Christian led the Port of New Orleans during the acquisition of its on-dock rail network and spearheaded the development of a new terminal that will allow the port to service ultra-large ships.
Trans-Pacific carriers are restricting forwarders’ access to fixed “named-account” rates and pushing bookings to the much higher spot market pricing.
Average US truckload pricing has hardly risen since last June, while less-than-truckload costs continue to climb due to tighter capacity.
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