LCL Parsiyel Yük

While fuel prices have historically served as a tailwind for modal conversion, in and of itself, it is insufficient to guarantee success, writes Ted Prince.

With more than 50% of the city-state’s bunker fuel imported via the Strait of Hormuz that has been effectively closed since the war started on Feb. 28, suppliers are feeling the pinch.

The Golden State’s on-highway average increased by about 35 cents week over week to nearly $7.22 per gallon.

The carrier is implementing a second surcharge on US trades to recoup higher operating costs driven by the war in the Middle East, and is asking maritime regulators for permission to levy the fee immediately.

Operations at the Worcester facility will be relocated to other locations, with employee layoffs slated to begin in May.

The carrier is implementing a second surcharge on US trades to recoup higher operating costs driven by the war in the Middle  is asking maritime regulators for permission to levy the fee immediately.

The first vessel on the carrier’s Caribbean-North America service will call the port next week, offering Canadian exporters more transshipment options to other markets.

Price increases in 17 of the 18 economic sectors tracked are a particular concern and are impacting business operations, according to survey respondents.

Shippers are taking advantage of current market conditions before intermodal pricing catches up to over-the-road rates, per Uber Freight.

The decision to push back the late-April implementation is in response to industry appeals and the Middle East crisis, which has left Indian ports handling significant rerouted volumes of stranded Persian Gulf-bound containers.