[Industry Knowledge] Introduction to LTL Transportation in the United States

2023-08-18

United States, LTL, Transportation, Freight Forwarder Network

LTL Cargo (Less Than Container Load, abbreviated as LTL) is a mode of transportation, mainly used to transport less than the entire container (container) cargo.

Freight Forwarder Network News: ZIM Reports Second Quarter 2023 Financial Results

2023-08-17

Second Quarter, ZIM, Performance, Freight Forwarder Network

Reported revenue of $1.3 billion, net loss of $0.213 billion, adjusted EBIT of $0.275 billion, and adjusted EBIT of $0.147 billion.

evergreen maritime build! Taiwan's first automated container terminal opens

2023-08-17

Evergreen Shipping, Automation, Dock, Freight Forwarder Network

The container center is the first automated container terminal in Taiwan. It is jointly built by Evergreen Shipping and Taiwan Port Corporation, and Evergreen Shipping is responsible for the operation.

Accident! The container fell into the water and the incident occurred in Xiamen Port.

2023-08-17

Xiamen port, container, overboard, freight forwarding network

At 0401 o'clock in the morning on August 8, the comprehensive command room of Xiamen Haicang Marine Department received instructions from the bureau's command center that a container fell into the water during the operation of the "Jin XX" ship at the wh

Overall decline! Let's take a look at the latest import and export data released by various countries.

2023-08-15

Global, import and export, data, freight forwarding network.

In July, Vietnam's exports fell for five consecutive months, the longest decline in 14 years, and the foreign-dependent economy may struggle to achieve its 6.5 per cent growth target this year.

Sudden! The fire on a container ship full of Chinese cargo is another disaster caused by dangerous goods.

2023-08-15

Container ships, fires, dangerous goods, freight forwarding network.

A container ship named "KMTC SHENZHEN" caught fire about 8 nautical miles from Port Klang!

Shenzhen Freight Forwarders Association Latest Developments: Association Office Relocation Notice

2023-08-15

Shenzhen Cargo Association, housewarming

Starting from August 17, 2023 (this Thursday), the office of Shenzhen Goods Association will move to its new address: Room 16B03-a, 16th floor, Area B, Allianz Building, 4018 Jintian Road, Futian District, Shenzhen.

Norwegian shipbroking company Fearnleys or will buy Ocean Shipbrokers

2023-08-15

Norway, acquisition, ship, freight forwarding network.

Norwegian shipbrokers are Fearnleys in talks to buy UK-based Ocean Shipbrokers, which wants to expand its brokerage business globally.

Freight Forwarder Network News: Orient Overseas Launches Turkey-Spain-Morocco Express (TSM)

2023-08-14

Orient Overseas, Fast Airlines, Freight Forwarding Network

OOCL will launch a new route within the European regional network to further enhance OOCL's services to customers within the European region.

161 ships stuck in place! China and the United States rely on the golden waterway suffered drought and dry water, traffic capacity dropped greatly.

2023-08-14

Panama Canal, drought, low water, freight forwarding network

In the face of persistent drought, the Panama Canal Authority recently introduced more traffic restrictions, including temporarily limiting the number of applications for new reservations.

Not optimistic! Let's take a look at the latest situation of Taiwan's three major liner companies...

2023-08-14

Taiwan, three major liners, performance, freight forwarding network

Yangming Shipping releases first-half 2023 earnings. In the second quarter of 2023, the consolidated operating income in a single quarter was NT $35 billion, the net loss after tax was NT $0.13 billion, and the net loss per share after tax EPS was NT $0.

For the first time, Zhoushan port's cargo throughput ranks first in Zhejiang, accounting for 50.4 percent of the total volume of Ningbo Zhoushan port.

2023-08-14

Zhoushan Port, Zhejiang, First, Freight Forwarder Network

The cargo throughput of Zhoushan Port completed a total of 0.342 billion tons, accounting for 50.4 of the total volume of Ningbo Zhoushan Port, an increase of 10.73 percent over the same period last year, becoming the main growth point of Ningbo Zhoushan

The country announced: restrictions on imports! The giants have reacted.

2023-08-11

India, imports, computers, freight forwarding network.

The Indian government recently announced that enterprises need to apply for licenses in advance to restrict the import of personal computers, including laptops and tablets, and the relevant measures are expected to take effect from November 1.

Freight Forwarder News: HMM reports stable net profit for the first half of 2023 amid adverse market conditions

2023-08-11

First half of the year, net profit, HMM, freight forwarding network.

As of the first half of 2023, sales were 0.4212 billion won and operating profit was 467 billion won.

Freight Forwarder Network News: Hapg-Lloth has achieved strong half-year results in a weak market environment.

2023-08-11

In the first half of the year, Hapg-Lloth, performance, freight forwarding network.

As of the first half of 2023, Hapg-Lloth had EBITDA of $3.8 billion 3.5 billion and EBIT of $2.8 billion (€ 2.6 billion).

The latest data on China's imports and exports came in July, down 14.5 percent year-on-year and exports to the U.S. down 23 percent.

2023-08-10

July, China, import and export, freight forwarding network

In the first seven months of this year, China's total import and export value was 23.55 trillion billion yuan, an increase of 0.4 percent over the same period last year (the same below). Among them, exports of 13.47 trillion yuan, an increase of 1.5...

The Panama Canal suffered the worst dry water in history, with an average delay of 15-19 days for ships to the East United States.

2023-08-10

Panama Canal, dry water, freight forwarding network

In the first week of August, the average delay time for each ship in the Panama Canal is already as high as 15 to 19 days!

Evergreen Shipping's July 2023 revenue up 5.8 percent month-on-month

2023-08-10

In July, Evergreen Shipping, Freight Forwarder Network

According to news on August 9, Evergreen Shipping achieved a cumulative operating income of NT $157.63 billion (about US $5.14 billion) in the first seven months of 2023, a year-on-year decrease of 61.42 percent.

Sudden! More than 10,000 workers, including dock and airport workers, will hold a large-scale strike, and air, sea and land traffic in Los Angeles will be blocked.

2023-08-09

Los Angeles, docks, strikes, freight forwarding network.

More than 11000 Los Angeles city workers, including dock and airport workers, plan to hold a large-scale strike on Tuesday (8th) local time!

Sudden! A violent explosion at a port has injured many people!

2023-08-09

Turkey, port, explosion, freight forwarding network

On the afternoon of August 7, local time, a violent explosion occurred in the port of Delins in Kogaeli Province, Turkey. At present, 12 people have been injured, 3 of whom are seriously injured.