April 8, 2024 | Page 3

Delivering Global Trade and Logistics Intelligence . Since 1827 . April 8 , 2024 • Vol 25 • Issue 8
4 Shifting priorities By Mark Szakonyi
54 Necessary independence ? By Peter Tirschwell
6 Spotlight 50 By the Numbers 53 Classifieds
32 Pacific Northwest Trade & Logistics
Cover Story / Container Shipping Quarterly
Spring strength
A post-CNY trans-Pacific spot rate drop is belying a sturdy market
High cost of emissions
Shipping emissions continue to rise as the path toward net-zero emerges
ETS to the extreme
Red Sea diversions are opening Asia – Europe ships to rising ETS costs
Steer clear
Seafarer unions have declared the Red Sea and Gulf of Aden ‘ warlike ’ no-go areas
Steady sailing
The Ocean Alliance is keeping the status quo and renewing its VSA for another five years
24 Top 40 Global 3PLs Sugar crash
Forwarders are struggling as volumes tumble from pandemic highs
22 International Maritime Don ’ t dwell on it
BNSF and UP are working through rail container backlogs in Southern California
Essentially uncertain
The rejection of an ‘ essential ’ designation gives Montreal port workers the option to strike
30 Air Cargo Can ’ t wait
Demand is soaring for Asia – Europe sea-air service to avoid longer Africa transit
31 Surface Transportation A ‘ global ’ LTL carrier
FedEx Freight is handling more international cargo under the company ’ s ‘ Tricolor ’ strategy www . joc . com April 8 , 2024 | Journal of Commerce 3