Panjiva Research

Union Pacific’s pop-up plans could help cut consumer goods congestion

May 11, 2021

Union Pacific plans to open a new rail terminal near the ports of Los Angeles and Long Beach for shipping multimodal freight to the Chicago area. The rail operator will start with a “pop-up” operation which will “reduce truck traffic on California’s road” as well as “cut drayage costs” for imp... Read more →

U.S. supply chain activity throttles back after record month, still powers ahead

May 7, 2021

U.S. seaborne, containerized import activity jumped 25.5% year over year in April and by 19.3% compared to the same period of 2019. While that was slower than the rate seen in March, the average 94,000 TEUs per day handled was still 3.5% higher than the peak season (three months to Nov. 30). S... Read more →

Ripples across the pond – S&P Global Platts container update, April 2021

May 5, 2021

Global container shipping markets were beset by equipment shortages, port congestion and delays in April as a result of continued, elevated demand as well as the ripple effect of the Suez Canal blockage in March. The elevated demand situation can be seen in Southeast Asia to North America ship... Read more →

Hapag-Lloyd, CMA CGM peak surcharges come without a peak season

May 4, 2021

Hapag-Lloyd and CMA CGM have applied peak season surcharges to shipping rates from Europe to North America of $500 per FEU (forty-foot equivalent units) and $1,000 per FEU respectively for departures from June 1. For context Hapag-Lloyd’s new rate on Mediterranean to U.S. east coast routes is ... Read more →

CMA CGM may draw FMC’s ire with surcharge approach to export congestion

April 28, 2021

CMA CGM has applied an “Emergency Revenue Charge” for U.S. exports to Latin America. At $320 per FEU that compares to global average container shipping rates of $4,500 per FEU and may be driven by knock-on congestion from North American ports. Given the soaring profitability of the container l... Read more →

Tougher-for-longer logistics outlook leads Maersk, MSC to rearrange routes

April 27, 2021

Maersk reported Q’21 preliminary revenues of $12.4 billion, including freight volume growth of 5.7% and average achieved shipping rates of 35% compared to a year earlier. The container lines’ growth has been driven by a surge in Transpacific eastbound volumes which rose by 94.5% year over year... Read more →

K+N sets eight-year expansion record as shipping for Miele, Toms booms

April 27, 2021

K+N reported a 22.8% year over year expansion in Q1’21 revenues, the fastest rate of growth the freight forwarder has delivered since at least 2014. Much of the expansion has been driven by an increase in achieved shipping rates rather than higher volumes, though airfreight handling increased ... Read more →

Maersk’s autos link may help Suzuki as Indian auto sector recovery struggles

April 22, 2021

Maersk has launched a dedicated rail service to join automakers in northern India with the port of Pipavav. That comes as Maersk continues to roll out its integrated logistics offering. Pipavav’s share of Indian automotive exports fell to just 2.0% of the total in the 12 months to Jan. 31 afte... Read more →

Earth Day commitments flag need for decades of change in ocean shipping

April 22, 2021

The global shipping industry is in the midst of an upswing in orders for new vessels, with HMM expected to place an order for 156,000 TEUs of capacity by mid June and China’s shipyards having received 10.4 million dryweight tons in the month of March. The latter was the largest for a single mo... Read more →

Hapag-Lloyd seeks to stem southerly spread of container congestion

April 21, 2021

Hapag-Lloyd has suspended bookings for container shipping from Mexico and Colombia to the west coast of the U.S. due to “accumulated operational constraints” at the North American ports that are causing “challenging transshipment operations and congestion” in Mexico and Colombia. The decision ... Read more →

Showing research about Mode - Containerized