Yusen lease approval signals $200M ZE investment
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The day’s most important moves across every mode — air, rail, road, ocean and the trade that ties them together.
| ● On the Wire |
MON · AUG 31 · 2026 |
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Register today for the Houston International Maritime Conference (HIMC26) happening this November in Downtown Houston. Our agenda is out now! Buy your early bird ticket by August 31.
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OCEAN · PORTS
BY STUART CHIRLS · AMERICAN SHIPPER · AUG 28, 2026
Yusen Terminals, owned by Ocean Network Express, secured a 30-year lease extension through 2056 at the Port of Los Angeles and committed to invest $200 million in zero-emission cargo-handling equipment across its 232-acre, 1.5-million-TEU-a-year terminal.
| THE TAKE — THE TAKE — A three-decade commitment from one of ONE’s three parent lines signals confidence in LA’s long-term throughput despite this year’s volume swings — shippers contracting through Berths 212-224 should expect continued electrification of yard equipment rather than any near-term capacity changes. |
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OCEAN · PORT RANKINGS
Shanghai stayed the world’s busiest port at 28.7 million TEUs in the first half of 2026, while Ningbo-Zhoushan edged past Singapore for second place and Dubai’s Jebel Ali collapsed from 10th to 32nd as Strait of Hormuz disruptions from the Iran war cut its throughput by more than half.
| THE TAKE — THE TAKE — Jebel Ali’s fall and Tanjung Pelepas’s 14.5% growth show how quickly transshipment cargo can reroute around a conflict zone — shippers relying on Middle East hub connections should have a Southeast Asian backup routing mapped out before the next disruption, not after. |
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RAIL · CARLOADS
AAR’s weekly rail report shows U.S. carloads and intermodal volume up 4.2% year over year for the week ending Aug. 22, with chemical shipments rebounding 6% after several down weeks even as motor vehicle carloads fell 10.4%.
| THE TAKE — THE TAKE — Chemicals snapping back after a soft stretch is worth watching alongside the 9.5% jump in metallic ores — both point to industrial production picking up, which typically shows up in truck and intermodal demand a few weeks later. |
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OCT 27–28, 2026 · THE SIGNAL, CHATTANOOGA · CHATTANOOGA, TN
Your team works hard every day to keep supply chains moving. This Labor Day, invest in their growth—and your company’s bottom line—by sending them to F3: Future of Freight Festival (Oct. 27-28 in Chattanooga). Get ahead of market trends and regulatory shifts, experience the latest FreightTech insights that directly impact your margins, and expand high-value relationships with 1,000+ supply chain leaders spanning the industry.
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American Shipper · The Daily — published weekdays
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