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Freight Market Update

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COVID-19 Latest UpdatesFreight Market Update
February 2, 2023

Port of Virginia Inland Port Switches to Renewable Power, Department of Transportation Announces Funding for 9 Megaprojects, Iowa Bill Introduced to Limit Length of Freight Trains.

Ocean ONE announces more blank sailings and detours as earnings fall. ONE announced that as…
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COVID-19 Latest UpdatesFreight Market Update
January 20, 2023

Cargo Volumes Hit Record High at Port of Savannah, Important Change in CSX Free Time for CY Customers, Mexico Breaks Record for Exports and Production of Cargo Trucks.

Ocean  Secondhand containerships face acute pricing drops. Secondhand boxship prices are falling following a muted…
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COVID-19 Latest UpdatesFreight Market Update
January 12, 2023

Fines Increasing for Violations of FMCSA Regulations, Reason for NOTAM Outage Under FAA Investigation, Chicago O’Hare Avoids Labor and Cargo Disruptions.

Ocean  Containership charter market continues to stabilize. The containership charter market has now stabilized, but…
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COVID-19 Latest UpdatesFreight Market Update
January 5, 2023

Import Dwell Fee at Port Houston to Take Effect February 1, Teamsters Canada Rail Conference Ratifies New Labor Deal With CN, CBP Bans Imports From Companies Using Forced North Korean Labor.

Ocean  Evergreen to pay more fines to MD for 2022 Chesapeake Bay grounding. Taiwanese company…
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COVID-19 Latest UpdatesFreight Market Update
December 29, 2022

FMC Checking Shipping Lines’ Anti-Retaliation Compliance, Southeast U.S. Ports Adding Capacity for Future Growth, Legislative Changes Expected to Address Crashes in 2023.

Ocean  FMC checking shipping lines’ anti-retaliation compliance. According to a release, the Federal Maritime Commission…
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COVID-19 Latest UpdatesFreight Market Update
December 22, 2022

Ports of Los Angeles and Long Beach to End Container Dwell Fee, Section 301 Exclusions Extended Through September 2023, Union Pacific to Pause Embargoes Following STB Hearing.

Ocean  Ocean carriers to blank sailings from Asia after Chinese New Year. Ocean carriers are…
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COVID-19 Latest UpdatesFreight Market Update
December 15, 2022

Port Volumes Near Pre-Pandemic Levels, Shippers Say Railroads Aren’t Fulfilling Common Carrier Obligation, EU Reaches Agreement on Import Pollution Tax.

Ocean  Containerships to be scrapped following market drops. Analysts are anticipating that a large amount…
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COVID-19 Latest UpdatesFreight Market Update
December 8, 2022

Freight Rates from China to West Coast Down 90%, FMCSA Proposes Limiting Scope of Emergency Waivers, Boeing Awaits Certification for Converted Freighters in Canada.

Ocean  Freight rates from China to West Coast down 90%. Prices in the ocean freight…
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COVID-19 Latest UpdatesFreight Market Update
December 1, 2022

House Passes Resolution to Head off Rail Strike, FMC Approves Chassis Pool in Southeast U.S., Benchmark Diesel Price Continues to Fall.

Ocean  Shipping industry passes earnings peak in third quarter. The container shipping industry earned profits…
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