There are few indicators of enchancment in demand for air freight on main commerce lanes out of Asia, whereas a gentle enhance in beneath deck stomach capability is including to the downward strain on price ranges.
The brand new value ranges sign the intent of carriers to drive up freight-all-kinds charges in a transfer to capitalize on any elevated shopping for ought to a peak season emerge.
Union Pacific has ejected Canadian Pacific from a shared pool of rail-owned home containers, a transfer possible associated to the pending CP-Kansas Metropolis Southern merger that might take enterprise away from UP.
(Titanium Transportation Group) [Stay on top of transportation news: Get TTNews in your inbox.] Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive development of the Canadian firm’s U.S. logistics enterprise, it mentioned. Bolton, Ontario-based Titanium paid a complete…
Sentiment is extra optimistic in the long term, with business observers predicting a rebound in charges from 2024 onwards as a consequence of stronger cargo volumes and tight tonnage provide.
[Stay on top of transportation news: Get TTNews in your inbox.] Transportation leaders from authorities and business are intently watching labor negotiations that maintain consequence for the nation’s provide chain, together with pending contracts with employees from each UPS Inc….