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January 2 2023

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Januar y 2, 2023 | Journal of Commerce 3 Contents 66 Government Generational reform OSRA-22 will leave an indelible mark on the ocean regulatory landscape 78 Surface Transportation Clearer roads Excess US truckload capacity will bring contract rates back down to earth Losing luster Carrier 'pricing discipline' will temper US LTL rate relief On the wrong track Waning demand and service issues will weigh on international intermodal volumes Steep grade Domestic intermodal rail volumes are likely to slip aer an uptick in 2022 102 Logistics To the raers Tight supply will keep warehousing costs rising despite slower freight growth Riding the downslope Pandemic profits have le 3PLs well positioned as freight demand wanes 118 Air Cargo From famine to feast Global air freight capacity is oversupplied entering 2023 2023 ANNUAL REVIEW & OUTLOOK Executive Editor: Mark Szakonyi 202.872.1234, Managing Editor: Benjamin Meyer 916.716.6272, Managing Editor: Kevin Saville, 212.488.4282, Senior Editors: William B. Cassidy Trucking and Domestic Transportation 202.872.1228, Bill Mongelluzzo, West Coast 562.428.5999, Eric Johnson, Technology 213.444.9326, Janet Nodar, Breakbulk and Heavy Li 251.473.2742, Greg Knowler, Europe +44.797.679.8770, Ari Ashe, Southeast Ports, Intermodal Rail 202.548.7895, Associate Editor, Northeast and Gulf: Michael Angell, 646.505.4712, Associate Editor: Teri Griffis, 919.890.5602, Senior Contributor: Cathy Morrow Roberson, 732.730.2533, Data Analyst: Marcin Lejk , +44.58.741.6270, Shipper Engagement Manager, Breakbulk: Diana Hamm, 832.499.7368, Senior Editor, Special Projects: Alessandra Gregory Barrett, 860.248.5238, Senior Associate Editor, Special Projects: Ariane Pepsin, 215.789.7478, Special Projects Coordinator: Amanda Hunter, 212.205.1226, Senior Designer: Sue Abt, Associate Production Manager: Kate Binder, 603.346.4680, Designer: Hannah Kidd, +44 203 253 2134, 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 For Magazine Subscription Customer Service: 55 Water St., 39th Floor, New York, N.Y. 10041 Peter Tirschwell, Vice President-Shipping Intellience, S&P Global Chris Brooks, Executive Director-Shipping Intelligence, S&P Global Carmen Verenna, Manager, Production ©2023 Journal of Commerce — All Rights Reserved For more information, visit our website, Journal of Commerce (USPS 279 – 060), ISSN 1530-7557, January 2, 2023, Volume 24, Issue No. 1. Journal of Commerce is published biweekly except the last week in December (printed 25 times per year) by JOC Group Inc., 55 Water St., 39th Floor, New York, N.Y. 10041. Subscription price: $595 a year. Periodicals postage paid at New York, N.Y., and additional mailing offices. © All rights reserved. No portion of this publication may be copied or reprinted without written permission from the publisher. POSTMASTER: Please send address changes to Journal of Commerce, Subscription Services Department, 55 Water St., 39th Floor, New York, N.Y. 10041.

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