[Chatham, NJ] – Shipco Transport, a global leader in neutral NVOCC services, proudly received the Sustainability Excellence Award at the 13th Global Supply Chain Excellence Summit in Long Beach, California, USA. Presented by USC Marshall Randall Kendrick Global Supply Chain Institute, the award recognizes Shipco’s dedication toward building a more sustainable future in global logistics.
The U.S. Airforwarders Association (AfA) has warned that slowing freight volumes, shown in new U.S. Department of Transportation (DOT) data, signal rising challenges for shippers facing fewer transportation choices and higher supply chain costs. According to the DOT’s Freight Transportation Services Index (TSI), freight activity fell by -0.4% in June month-over-month, and -0.5% year-over-year. As
The U.S. government said it is rejecting the International Maritime Organization’s (IMO) “Net-Zero Framework”, warning it would raise costs for American consumers, energy providers, and shipping companies. Senior Whitehouse administration officials said the U.S. would take action against IMO member states backing the measure when it comes to a final vote in October. It remains
Container shipping is facing a supply-demand imbalance that may last through 2029, according to Linerlytica. With record levels of new tonnage entering service from Asian shipyards amid a slowing global economy, it is anticipated that this will negatively impact earnings. Linerlytica’s recent report forecasts that fleet expansion will continue to outpace demand, and this projection
A recent Sea-Intelligence report has revealed that ship capacity on the major East-West trade routes has become increasingly unpredictable since 2020. These large fluctuations in shipping capacity on key trade routes pose challenges for ports. “This increased ‘lumpiness’ in cargo flows creates operational challenges for ports and terminals, which are designed to handle a smooth
Ocean carriers have been advised to exercise “extreme caution” following the expanded threats from Yemen’s Houthi militia to include all ships linked to companies that call at Israeli ports, including Haifa. Destine Ozuygur, chief analyst at maritime platform eeSea, described this development as a “turning point”, with the target net significantly broadened. “They’re threatening any
Beginning October 14, 2025, U.S. Customs and Border Protection (CBP) will implement new fees on vessels linked to China, including those that are Chinese-owned, operated, or built. For Chinese-owned or operated vessels, fees will start at $50 per net ton for any ship calling at a U.S. gateway, rising to $140 per ton by April
Trade tensions, excess vessel capacity, and softening demand are dampening the container shipping marketing outlook for the second half of 2025. Ocean carriers are adjusting their full-year profit forecasts downwards as these challenges weigh on performance and expectations for a strong peak season diminish. Japan’s Ocean Network Express (ONE) revised its full-year net profit projection
U.S. rail operators, Union Pacific and Norfolk Southern, have agreed to an $85 billion merger that would create the first transcontinental railroad in the U.S., aiming to close the deal by early 2027. The merged company will retain the Union Pacific name and will link Union Pacific’s Western network with Norfolk Southern’s Eastern routes. According
Matson Inc, the U.S. owned carrier operating in the Pacific has suspended all transport of electric and plug-in hybrid vehicles across its fleet, citing safety concerns over lithium-ion batteries. The move comes in the wake of several dangerous fires at sea linked to electric vehicles (EVs), including the recent June sinking of the Morning Midas