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Container xChange market forecaster: Rising volatility in China’s container market as sellers hold back inventory amid uncertainty

AJOT | May 06, 2024 | Maritime | Liner Shipping

• ‘Significant volatility in container rates in China, new prices almost every 48 hours’, comments container traders in China • Container xChange data shows container leasing rates Ex China to US and to Europe continue to rise through April • Survey: Depots in the US and Europe reported higher utilization rates; equipment usage fees and storage space rental costs increasing for majority of depot owners since the Houthi attacks in November.

Key regulators express support for Norfolk Southern’s leadership and strategy and concerns with Ancora’s plan

AJOT | May 06, 2024 | Intermodal | Rail

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The WestJet Group and AMFA reach tentative agreement, averting work stoppage

AJOT | May 06, 2024 | Air Cargo | Airlines

Both parties now await the ratification vote to be put forward to membership.

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Port operator ICTSI is unfazed by trade turmoil, eyes new deals

Bloomberg | May 06, 2024 | Ports & Terminals | Terminals

Philippine billionaire Enrique Razon’s International Container Terminal Services Inc. is working on as many as four new port deals, an executive said, as the company expands its global footprint despite trade disruptions.

Coresight and Jitsu research reveals 10% lift in conversion rates when retailers offer faster deliveries

AJOT | May 06, 2024 | Shipping Technology

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Maersk sees Red Sea conflict absorbing up to 20% ship capacity

Bloomberg | May 06, 2024 | Maritime | Liner Shipping

A.P. Moller-Maersk A/S expects that the shipping industry this quarter will spend 15% to 20% of its Asia-to-Europe vessel capacity on sailing south of Africa to avoid the Red Sea.

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U.S. airlines’ March 2024 fuel cost per gallon down 2.2% from February 2024

AJOT | May 06, 2024 | Air Cargo | Airlines | Energy

Aviation fuel consumption up 4.9% from pre-pandemic March 2019

Electric semi truck set to debut and deliver the first zero emission miles at the Port Fuel Center in GA

AJOT | May 06, 2024 | Green Shipping | Trucking

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The world’s hunger for salmon is linked to an ecological disaster

Bloomberg | May 06, 2024 | International Trade

The famous Scandinavian fish may be leading to the extinction of another and the livelihoods of the region’s small-scale fishers.

Jayud Global Logistics receives Nasdaq notification of non-compliance with listing rule

AJOT | May 06, 2024 | Logistics

Riyadh Air teases follow-up aircraft orders ahead of 2025 debut

Bloomberg | May 06, 2024 | Air Cargo | Airlines

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CAL maritime cadets advocate for a maritime career

Stas Margaronis | May 06, 2024 | Maritime

California Maritime Academy (CMA) cadets argued in favor of a maritime education and career and emphasized the need for discipline, wearing uniforms and proper appearance.