News

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FMC Reports Jump in Charge Complaints Against Common Carriers

The U.S. Federal Maritime Commission is reporting a strong rise in charge complaints as shippers respond positively to the Ocean Shipping Reform Act of 2022. This comes as the FMC continues to take steps to define the processes and fulfill the mandate from the U.S. Congress requiring key milestones in…

Dec 02, 2022

Senate Votes 80-15 to Pass Bill Blocking Nationwide Railroad Strike

The Senate voted to intervene to prevent a nationwide strike by railroad workers while rejecting a proposal to give them expanded paid sick leave, with lawmakers saying they reluctantly heeded President Biden’s call to resolve the long-running labor dispute. In an 80-15 vote, with one senator voting present,

Dec 02, 2022

Air Cargo Demand Beginning to Nosedive

The International Air Transport Association (IATA) released data Wednesday for October global air cargo markets that showed strong headwinds continuing to affect demand. Global demand fell 13.6 percent compared to October 2021, while capacity was down 0.6 percent. This was the first year-on-year contraction since April,

Dec 02, 2022

As ocean freight issues subside, inland freight rears its head

While still well above pre-pandemic levels, ocean freight rates have come down significantly from their pandemic peak. Average spot rates hit $2,404 per container last week, a number 77% lower than the peak reached in Sept. 2021. That’s 36% lower than the five-year average, but still 82% higher than the…

Dec 02, 2022

Port Houston pauses container dwell fee

Dec 01, 2022
Port Houston will postpone its sustained dwell fee, which was originally scheduled for Dec. 1, due to delays from the port’s external software developer, the port confirmed Tuesday. Customers were notified on Nov. 14 of the postponement, Lisa Ashley, Port Houston’s director of media relations, said in an email.
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Rail strike could push truckload rates to ‘levels we’ve never seen before’

Dec 01, 2022
A rail strike could benefit the trucking market in the short term because it could provide a significant lift to spot prices. But if a strike drags on, congestion, undetermined higher costs and potential service deterioration will outweigh any benefits, sources told FreightWaves. “There isn’t enough capacity in the world available
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