FASA

The volatile Asia-East Coast South America trade, which is one of the longest and costliest routes to service, saw spot container rates fall from $3,800 per TEU to $2,200 per TEU in just 11 weeks, according to SeaIntel Maritime Analysis.

The latest news that ocean carrier Mediterranean Shipping Co. (MSC) will sign contracts for as many as 11 newbuild ultra-large containerships comes on the heels of rival CMA CGM confirming an order for up to nine containerships of 22,000 TEUs.

The Port Authority of Rotterdam and the Municipality of Rotterdam are jointly financing a field lab to study and implement blockchain solutions, with a blockchain application for stock financing in the port logistics sector already completed.

The results of a truck driver survey conducted by Chicago-based Sleek Fleet LLC also indicated that improving the load-acquisition process and securing greater rate transparency are prerequisites for enhancing drivers’ earning potential.

The Commerce Department on Wednesday said it will impose countervailing duties on imports of cold-drawn mechanical tubing from China and India after affirming that these goods received unfair government subsidies.

The parcel carrier’s distribution center, which will connect to its existing stations in Maryland, is located in the newly-rebranded Tradepoint Atlantic multimodal logistical center in Baltimore, Md.

The less-than-truckload carrier Old Dominion Freight Line has commenced operations at a new service center about 40 miles west of Chicago in Montgomery, Ill.

Trucker Tools, a freight matching and visibility provider, has launched a cloud-based platform called Smart Capacity for use in conjunction with its smartphone app.

The U.S. Federal Maritime Commission is preparing to hold public hearings related to a petition filed by the Coalition for Fair Port Practices about when it’s reasonable for ocean carriers and marine terminals to impose demurrage.