India-US Spot Rates, Baltimore Port to Partially Reopen, and Growing European Import Volumes
Import Volumes from Europe Hit Pre-Pandemic Levels in Q1 Thanks to Rising US Demand The westbound trans-Atlantic trade lane saw near-record TEU import numbers, virtually matching volumes seen in 2019 and falling 5% short of 2021’s record Q1 volumes. The import boom is...
Port Terminals, Rail Operators, and Truckers Adapt to Baltimore Diversions & More Industry News
Norfolk Southern Rail Has Opened New Services Between NY-NJ and Baltimore Starting April 5, Norfolk Southern NS) Rail began transporting containers to Baltimore after container ships were rerouted to the Port of New York and New Jersey (NY-NJ) following the collapse...
Baltimore Port Closure, OSRA 2.0 Update, and the Effects of the Red Sea Diversions on Maritime Emissions
This week: Additional strain on truck capacity could see trucking prices rise after the closure of the Port of Baltimore Intermodal carriers prepare for the influx of Baltimore cargo, with railways planning new north-south services OSRA 2.0 receives criticism for not...
OSRA 2.0, North Charleston Terminal Upgrades, India-US Ocean Cargo Price Drops, and the Red Sea Warzone
This week: An updated amendment to the US Ocean Shipping Reform Act of 2022 has passed the House of Representatives US trucking capacity last year fell less than projected thanks to small trucking firms The Port of Charleston begins efforts to upgrade its North...