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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-thanexpected 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 to replace 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
FEATURED CONTENT five months after the re-routing started , the 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 that 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
XPO
More ex-Yellow LTL terminals reopen under new ownership amid capacity boost
US less-than-truckload ( LTL ) carriers aren ’ t waiting for freight demand to surge to add capacity . LTL trucking companies of all sizes are putting new pins in their network maps as they build or renovate terminals to expand service and capture new business . https :// bit . ly / 49WsQIy
Simlinger / Shutterstock . com
HMM unveils ambitious plan to double container fleet , capacity by 2030
HMM , South Korea ’ s top container line , is planning to increase both its container vessel fleet and lifting capacity by more than 50 % by 2030 under a mid- to long-term strategic plan announced by chief executive Kim Kyung-bae . https :// bit . ly / 49WRGrD
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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