Echo acquires California 3PL amid flagging US freight market
The fifth-largest freight broker in the US will absorb FreightSaver, which, similar to Echo, focuses on managed transportation services for shippers.
The fifth-largest freight broker in the US will absorb FreightSaver, which, similar to Echo, focuses on managed transportation services for shippers.
US tariffs are fuel cost-cutting mandates, heaping pressure on cargo owners to push for lower ocean shipping rates even if at the expense of carrier relations.
Taiwan-based ocean carriers say US tariffs are taking a toll on trans-Pacific volumes.
The latest data from the Intermodal Association of North America shows how railroads have lost US business to over-the-road trucking, writes analyst Larry Gross.
OOCL’s newest express shuttle service from China to Mexico joins other carrier services linking the two and underscores the ongoing growth in trade between the two countries.
Exporters’ proclivity for rate shopping leads to choppiness in a market that is also beholden to vessels being pulled into larger ocean freight markets.
Import volumes for September through December are expected to come in each month about 20% under the comparable 2024 levels, according to the latest Global Port Tracker, with tariff-linked frontloading one of the primary reasons.
Two carriers have taken advantage of favorable market fundamentals that pair a rapidly aging fleet and a low order book.
Following a July volume surge as US importers built inventory ahead of the sweeping US tariff rollout on Aug. 7, freighter airlines must now right-size capacity to match new demand levels.
The Chinese-Polish carrier won the rate-linked relief after US regulators had expressed initial concerns this spring about the Chinese government’s supposed control over the company.