Freight Forwarder Network: PSA Signs China-Europe Railway Corridor Agreement with Kazakhstan Railways

2023-05-24

Central European Railway, Russia, Freight Forwarder Network

The TITR is a rail corridor route that passes through China, Kazakhstan, the Caspian Sea, Azerbaijan and then Georgia, enabling products to be shipped to European countries and Turkey via Black Sea ports.

Freight forwarding network: Wanhai adds new Indo-US transshipment option via Colombo

2023-05-23

Wanhai, Colombo, India-US transshipment, freight forwarding network

Wan Hai Lines' Asia-America 7 (AA7) route has opened a new route to Colombo, Sri Lanka, which will provide cargo owners with additional transshipment options for transporting cargo between southern India and the east coast of the United States.

Freight forwarding network: India-Europe contract prices plunge, shipping line demand rebounds

2023-05-22

India-Europe, contract freight rates, freight forwarding network.

After all-time highs triggered by the pandemic, the plunge in freight rates that began nearly a year ago has not eased carriers connecting Indian container trade.

Freight forwarding network: oversupply of capacity has reduced the U.S. vehicle loading rate.

2023-05-19

United States, vehicle, loading rate, freight forwarding network.

Shippers across the U.S. paid an average of $2.25 per mile (including fuel) in April, down from an average of $3.01 in April 2022 and $2.84 in April 2021.

Freight forwarding network: Hamburg's first quarter sales fell due to loss of Russian business

2023-05-18

In the first quarter, Hamburg, sales volume, freight forwarding network

The Port of Hamburg reported a drop in throughput of nearly 17 percent in the first quarter.

BNSF to launch new Houston multimodal service in June

2023-05-17

June, Houston, multimodal transport, freight forwarding network

BNSF Railroad plans to begin scheduled multimodal service from the Port of Houston to Dallas and Denver in June.

Freight Forwarding Network Original: Asia-Mediterranean Container Freight Volume Hits Four-Year High in March

2023-05-15

In March, the Mediterranean, freight volume, a new high, freight forwarding network

Container imports from Asia to the Mediterranean in March shrugged off Europe's economic woes, hitting their highest level since January 2019.

Freight forwarding network original: U.S. retailers predict peak season imports tend to pre-epidemic levels.

2023-05-12

United States, retail, import, freight forwarding network.

Retail sales are expected to increase this year, with consumers still spending but not seeing the explosive demand of the past two years.

Freight Forwarders Network Original: Vancouver will use a two-phase approach to build, operate new terminals

2023-05-11

Vancouver, New Dock, Freight Forwarder Network

The Vancouver Fraser Port Authority successfully obtained approval from the Canadian federal government to construct a container terminal in the Delta, British Columbia, using a two-stage approach.

Freight Forwarder Network One-to-One First-Line Meeting 2023 01 Session

2023-05-10

Freight forwarding network, one-on-one, offline, meeting

Freight Forwarders Network will hold a one-to-one off-line exchange meeting on May 31, 2023 from 2: 00 p.m. to 6: 00 p.m. in the atrium banquet hall on the first floor of Crowne Plaza Hotel, Fuyuan, Shenzhen.

Freight Forwarding Network Original: Declining freight prices on Asian routes affected by weak demand and rising capacity

2023-05-08

Asia, routes, prices, freight forwarding network.

According to Aircargo News, air freight rates on major trade routes between East and West declined in April.

Freight Forwarders Original: Despite Profits, Maersk says Q1 will be best performance in 1 year

2023-05-06

Maersk, first quarter, analysis, freight forwarding network.

Maersk said that as container shipping rates continue to decline from last year's extreme highs, demand in major markets will weaken in the future, and the quarter will be its best quarterly earnings in 2023.

Freight forwarding network original: Southern California port volume weak damage to domestic multimodal transport.

2023-05-05

Southern California, port, multimodal transport, freight forwarding network

According to PIERS data, so far this year, the volume of freight entering the ports of Los Angeles and Long Beach has dropped significantly, and shippers are also moving less cargo in 53-foot containers...

Freight Forwarder Network Original: COSCO Shipping Releases First Quarter Profit

2023-05-04

COSCO Shipping, First Quarter, Financial Report, Freight Forwarder Network

First-quarter earnings reported that the company's operating income in the first quarter of last year was $15.3 billion, down 55% from a year earlier to $6.9 billion.

Freight Forwarder Network Original: Short barge rates drop sharply due to New York-New Jersey port volume.

2023-05-04

Short barge, rate, port volume, freight forwarding network.

Imports in New York-New Jersey through March 2023 fell 27 percent from a year earlier to 898,437 TEUs, and in the first quarter, weekly truck visits averaged 13 percent less than a year earlier.

Freight Forwarding Network Original: Multimodal Transport Volume Sales Decline at the End of the First Quarter

2023-04-28

First quarter, multimodal transport, freight forwarding network

According to data provided by the North American Intermodal Transport Association (IANA), intermodal traffic fell again in March.

Freight Forwarding Network Original: MSC Slow Ships, Upgrade Latin America-Gulf Coast Service

2023-04-27

MSC, ship, speed, service, freight forwarding network

MSC said it will add the 6900 TEUs of Athens Glory on SAEC Line 1 in the Gulf as its eighth ship.

Freight Forwarding Network Original: Analysis of Global Freight Market Trends in the First Quarter

2023-04-26

First quarter, global, freight, freight forwarding network.

The global freight market continued to decline rapidly from the high demand and rate levels recorded early last year, impacting a significant decline in revenue and profit in the first quarter.

Freight Forwarder Network Original: Methanol Is One Step Ahead in MPV Green Fuel Competition

2023-04-25

Methanol, green fuel, freight forwarding network

As bulk carriers transition from traditional bunker fuels to compliance with international emission reduction regulations, methanol will be the most favored fuel.

Freight forwarding network original: falling interest rates lead to a sharp drop in demand across the Atlantic westbound.

2023-04-24

Atlantic, interest rates, supply and demand, freight forwarding network.

In March, the volume of container traffic on the westbound transatlantic route dropped sharply. While the capacity was abundant and the reliability of flights improved in the first quarter, the freight volume slowed down...