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US intermodal savings showed little movement in first quarter

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.

Wed May 15, 2024 18:59
Evergreen, HMM latest Asia-based carriers to report Q1 profit surge

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.

Wed May 15, 2024 18:09
Failed electrical breaker triggered Dali crash: NTSB

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.

Wed May 15, 2024 03:13
Port NOLA CEO stepping down amid major expansion

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.

Wed May 15, 2024 01:52
Trans-Pacific carriers slashing NVO allocations as spot rates spike

Trans-Pacific carriers are restricting forwarders’ access to fixed “named-account” rates and pushing bookings to the much higher spot market pricing.

Wed May 15, 2024 00:21
Gap between US LTL, truckload pricing growing

Average US truckload pricing has hardly risen since last June, while less-than-truckload costs continue to climb due to tighter capacity.

Tue May 14, 2024 22:52

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