Contents
Delivering Global Trade and Logistics Intelligence . Since 1827 . January 6 , 2025 • Vol 26 • Issue 1
Annual Review & Outlook 2025
COLUMNS
4 Ringing in the risk By Mark Szakonyi
112 A new , harsher world By Peter Tirschwell
EXECUTIVE COMMENTARIES
12 Shippers 38 Maritime 58 Government 74 Surface Transportation 86 Logistics 106 Air Cargo
110
Commentary Index
IN PERSPECTIVE
28 Strike dominoes By Lars Jensen
36 A tough nut to crack By Jeremy Masters
66 A positive spin-off By Satish Jindel
67 Tailwinds and unknowns By Jason Miller
71 Tracking the market By Ted Prince
72 An intermodal imbalance By Larry Gross
COVER STORY
6 Erratic tides Early risks mark the start of the New Year
DEPARTMENTS
20 Maritime Mutually assured disruption
Continued volatility will keep container line profits on course in 2025
Rule of threes
Tariffs , ILA tension and an early Lunar New Year are boosting the trans-Pacific forecast
A difficult sell
Spot volatility and slower volume growth will weigh on trans-Pacific contract rates
Contingent calm
A restabilized trans-Atlantic is facing dual strike and tariff threats
Taking the long way
The Red Sea will dominate the Asia-Europe ocean trade again in 2025
Hazy forecast
US policy uncertainty is clouding the MPV / HL outlook
Subject to the wind
Project cargo optimism is being buffeted by policy “ unpredictability ”
Coastal seesaw
Tariffs and a Suez resumption could crimp US West Coast share gains www . joc . com January 6 , 2025 | Journal of Commerce 1