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Executive Editor : Mark Szakonyi 202.872.1234 , mark . szakonyi @ spglobal . com
Managing Editor : Benjamin Meyer 916.716.6272 , benjamin . meyer @ spglobal . com
Managing Editor : Kevin Saville , 212.488.4282 , kevin . saville @ spglobal . com
Canada Shipping and Trade Outlook : What a Strong Start to 2024 Means for Freight Interests
May 23 , 2024 , 2:00 PM EDT
The Canadian economy is surprising economists , spurring S & P Global to upgrade its GDP outlook for this year to 1.7 % on the back of stronger-than-expected exports and imports at the start of 2024 . Rising Asian imports reflect a normalizing container shipping market , although port fluidity hinges on railcar supply and labor peace amid Montreal longshore contact negotiations . At the same time , legislation that would prevent railroads and ports from replacing workers during a strike or lockout is gathering apace , the opposite of what the industry is seeking after a two-week strike closed British Columbia ports last year . This webcast will offer a broad Canadian economic outlook and the implications for trade , as well as highlight major freight developments and supply chain challenges ahead . https :// bit . ly / 4aM7EGA
Container Shipping Outlook : The Asia – Europe Trade
On demand , Free
The Red Sea attacks that forced ocean carriers to divert Asia-to-North Europe and Mediterranean services around the southern tip of Africa allowed container shipping to address its two main challenges heading into 2024 : overcapacity and low rate levels . But five months after the re-routing started , the
FEATURED CONTENT underlying challenges of overcapacity and downward rate pressure are reasserting themselves . There is more than enough available capacity to cover the demand on the Asia – Europe trades this year , even with the Red Sea crisis , and as soon as transits via the Suez Canal resume , rates will almost certainly collapse . This webcast will analyze these factors and more , which will determine the course of the Asia- Europe trade this year . https :// bit . ly / 3QiAlCz
Trucking Market : First-Quarter Review and Outlook
On demand , Free
The two largest sectors of the for-hire US trucking industry took different routes in the first quarter , with less-than-truckload ( LTL ) carriers speeding down the high road and large truckload carriers stuck on a muddy low road . LTL providers exited the freight recession in late 2023 as they gained revenue , freight and terminal capacity from bankrupt Yellow , enabling them to raise pricing . Truckload companies are still struggling with excess capacity and face shipper demand for further rate cuts . Private shipper-owned fleets may be eating into their business as well . Where and when might a spark reignite even slower growth in demand for surface freight transportation ? How should shippers think about opportunities in the current freight market ? Our panelists will discuss these and other questions as we try to gauge trucking expectations for the remainder of 2024 . https :// bit . ly / 3VSWknj
Senior Editors : William B . Cassidy Trucking and Domestic Transportation 202.872.1228 , bill . cassidy @ spglobal . com
Bill Mongelluzzo , West Coast 562.428.5999 , bill . mongelluzzo @ spglobal . com
Eric Johnson , Technology 213.444.9326 , eric . johnson @ spglobal . com
Janet Nodar , Breakbulk and Heavy Lift 251.473.2742 , janet . nodar @ spglobal . com
Greg Knowler , Europe + 44.797.679.8770 , greg . knowler @ spglobal . com
Ari Ashe , Southeast Ports , Intermodal Rail 202.548.7895 , ari . ashe @ spglobal . com
Associate Editor , Northeast and Gulf : Michael Angell , 646.505.4712 , michael . angell @ spglobal . com
Research Analyst , Project and Breakbulk Cargo : Susan Oatway , FICS , + 44.7930.411659 susan . oatway @ spglobal . com
Senior Contributor : Cathy Morrow Roberson , 732.730.2533 , cathy . morrowroberso @ spglobal . com
Data Analyst : Marcin Lejk , + 44.58.741.6270 , marcin . lejk @ spglobal . com
Shipper Engagement Manager , North America : Tammy Auld , 832.603.9163 tammy . auld @ spglobal . com
Shipper Engagement Manager , Breakbulk : Diana Hamm , 832.499.7368 , diana . hamm @ spglobal . com
Senior Editor , Special Projects : Alessandra Gregory Barrett , 860.248.5238 , alessandra . barrett @ spglobal . com
Senior Associate Editor , Special Projects : Ariane Herrera , 215.789.7478 , ariane . Herrera @ spglobal . com
Special Projects Coordinator : Amanda Hunter , 212.205.1226 , amanda . hunter @ spglobal . com
Senior Designer : Sue Abt , sue . abt @ spglobal . com
Associate Production Editor : Denise Shoukas , denise . shoukas @ spglobal . com
Designer : Hannah Kidd , + 44 203 253 2134 , hannah . kidd @ spglobal . com
Panksvatouny / Shutterstock . com
Soaring trans-Pacific spot rates add twist to last-minute contract talks
A big potential spike in trans-Pacific spot rates is pushing mid-size US importers who have yet to finalize their 2024 – 25 service contracts to sign those deals quickly , sources say . Importers who don ’ t move soon risk shipping at spot rates that are about 2.5 times prevailing contract rates in negotiations . https :// bit . ly / 44ADNhN
Andrew Leyden / Shutterstock . com
Baltimore readying for cargo return as recovery takes shape : port CEO
The Port of Baltimore is preparing to handle the return of cargo at the end of May as container lines begin accepting loads on Asian services for delivery to terminals that have been blocked since the March 26 collapse of the Francis Scott Key Bridge following the crash of the container ship Dali . https :// bit . ly / 3UwwBPh
Sales : Cindy Cronin , Director APAC sales , 954.260.6061
Jean Gibbons , Senior Sales Executive West Coast , FL , GA sales , 706.469.7160
John Knowles , Senior Sales Executive EMEA , AU sales , + 44.777.997.4677
Allyson Marek , Senior Sales Executive Northeast sales , 862.754.8012
Elaine Nosaka , Senior Sales Executive VA , NC , SC , Canada sales , 703.447.9555
Judy Welp , Senior Sales Executive Midwest , Gulf , Latin America sales , 512.284.2878
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