FASA

Truckload pricing dipped another 2.3 percent in April 2016 compared to the same 2015 period following a 0.6 percent decline in March, the first negative pricing change since May 2010, according to the latest Cass Truckload Linehaul Index.

Rates from Shanghai to Northwest Europe fell 4.7 percent since last week, despite several major ocean carriers looking to increase rates on the trade in mid-May.

The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC and Korea’s HMM down the road.

Ports that insist on “no doc/no gate” policies with regard to verified container weights could lose business, the company’s export manager says.

The U.S. Federal Maritime Commission said it has collected $840,000 in civil penalties from compromise agreements with five freight forwarders and non-vessel-operating common carriers.

The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC and Korea’s HMM down the road.

However, the port’s outbound container volumes fell 1.1 percent year-over-year in April to 144,103 TEUs.

The German ocean carrier posted a net loss of 42.8 million euros (U.S. $48.4 million) on revenues of 1.93 billion euros.

Port of Portland, Ore. Executive Director Bill Wyatt told the Portland Business Journal low crude oil prices have caused trucking rates to drop well below expected levels, making direct container service to the Puget Sound region less economically viable.

Big-box retailer Wal-Mart Stores Inc.’s ShippingPass e-commerce subscription program will begin offering delivery in two days rather than three at half the price of Amazon’s Prime service, the company said in a statement Thursday.