Freight Business Journal North America

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ONE Adds Sixth Ammonia-Methanol-ready Vessel

1 week ago | fbjna.com | Gary G. Burrows

Ocean Network Express held a naming ceremony for the ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol ready container vessels at the Hiroshima Shipyard of Imabari Shipbuilding Co. Ltd. in Japan.
OECD Lowers 2025-26 Global, US Forecast

1 week ago | fbjna.com | Gary G. Burrows

Global economic prospects are weakening, with substantial barriers to trade, tighter financial conditions, diminishing confidence and heightened policy uncertainty projected to have adverse impacts on growth, according to the Organization for Economic Cooperation and Development’s (OECD) latest Economic Outlook (https://tinyurl.com/mr3m6fbh). Global growth has slowed from 3.3 percent in 2024 to 2.9 percent in both 2025 and 2026.
DOT Proposal Would Slash Trucking Regulations

1 week ago | fbjna.com | Gary G. Burrows

The U.S. Department of Transportation has proposed slashing or amending about two dozen federal trucking regulations — major and minor — that the agency said were outdated or punishing truckers. “My department is slashing duplicative and outdated regulations that are unnecessarily burdensome, waste taxpayer dollars, and fail to ensure safety,” Transportation Secretary Sean Duffy said May 29.
Freedom Intermodal, NOPB Expand at Port NOLA

1 week ago | fbjna.com | Gary G. Burrows

The New Orleans Public Belt Railroad, or NOPB, said it has strengthened its partnership with Freedom International Tank Services, a full-service, logistics provider headquartered in New Orleans. Freedom Intermodal’s recent launch of its railcar cleaning services, as well as an expansion of transloading capacity and railcar storage, improves efficiency and reliability to the bulk liquid supply chain, the company said.
Consumers ‘Seeing Way Through’ Tariffs, NRF

1 week ago | fbjna.com | Gary G. Burrows

U.S. Census Bureau data released June 17 showed continued growth in core retail sales – which exclude autos, gas and restaurants – in May despite a downturn in overall sales amid on-again, off-again tariffs on imported merchandise, said National Retail Federation Chief Economist Jack Kleinhen. “Despite a soft labor market, aggregate consumer spending has been supported by wage gains and an improvement in the stock market,” Kleinhen said.
Tariffs Topple LA Port Volume, FY 2025-26 Budget

1 week ago | fbjna.com | Gary G. Burrows

The Port of Los Angeles blamed the impacts of tariffs on imports and exports, as its May volume fell 5 percent to 716,619 twenty-foot equivalent units, or TEUs, and ending 10 straight months of year-over-year growth in overall cargo volume. “May marked our lowest monthly cargo output in over two years,” said Gene Seroka, executive director of the Port of Los Angeles.
Long Beach Blames Tariffs for 8.2% May Cargo Dip

1 week ago | fbjna.com | Gary G. Burrows

Trade moving through the Port of Long Beach declined 8.2 percent in May due to tariffs and retaliatory tariffs, but a temporary pause on those fees will likely trigger a cargo surge by late June. Dockworkers and terminal operators processed 639,160 twenty-foot equivalent units, or TEUs in May, down 8.2 percent from the same month last year.
Maersk Introduces New Dual-fuel Vessel Class

1 week ago | fbjna.com | Gary G. Burrows

Ocean logistics giant A.P. Moller – Maersk named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, at a ceremony June 18 at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea. The Berlin Mærsk, is the 14th dual-fuel newbuild entering the Maersk fleet, and it will be followed by an additional five sister vessels in this new class of container ships.
GEODIS Expands Mexico Nearshoring Operations

1 week ago | fbjna.com | Gary G. Burrows

GEODIS has opened an office in Guadalajara, Jalisco, to support the growth of the global logistics provider’s growing nearshoring freight forwarding business in Mexico. The Guadalajara office, GEODIS’s second-largest operations center in Mexico, will become a shared services center, including key logistics operations for the entire Americas region, the company said. It will support all business, including accounting processes, supply chain engineering, operational logistics and control tower.
DHL Hikes International Small Package Rates

1 week ago | fbjna.com | Gary G. Burrows

Parcel service giant DHL said it will “moderately increase” prices for private customer parcels and small packages sent abroad, effective July 1. DHL said it will adjust parcel prices for different country zones variably and more cost-oriented. In many zones and weight categories, parcel prices will remain stable. Additionally, DHL will classify small packages into the same country zones that already exist for parcels.