What can go wrong next in China? Now there’s a lockdown in Zhengzhou
Trucking solutions, sitting cargo are among the issues in Henan province’s capital city.
Trucking solutions, sitting cargo are among the issues in Henan province’s capital city.
Airlines are carrying less cargo because of global economic headwinds, but the slowdown isn’t reflected in shipping rates.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
More planes and less cargo haven’t translated yet to a big drop in shipping prices between North America and Europe because of airport logistics problems.
Pete Buttigieg pushed back during a DOT budget hearing in the Senate against an effort to blame the Biden administration for rising inflation.
New container prices, new production, lease rates, lease durations and used container prices are all down.
The U.S. military has tapped private cargo airlines to ferry weapons for Ukraine to Poland.
Canada isn’t a sleepy cargo destination anymore. E-commerce, cross-border and international shipping are robust, and Canadian airlines are adding freighters to meet the demand.
Container-ship transits of the Panama Canal are up as liners favor the East Coast. LNG transits are down as U.S. gas heads to Europe.
“Higher shipping costs hit prices of imported goods at the dock within two months and quickly pass through to producer prices — many of whom rely on imported inputs to manufacture their goods,” IMF researchers wrote.
Cargojet last year announced an order for two passenger-to-freighter conversions of the Boeing 777 but was less public about buying six more of the aircraft.
“The only reason for an oil tanker to go to Saldanha Bay is to unload the oil into storage,” says an industry consultant.
Converting passenger aircraft for cargo use is like rebuilding a house. One alternative is a quick makeover for carrying parcels in the cabin.
Gulf Coast ports got a boost in March from imports of steel and plywood, and exports of petroleum and crude oil.
CEO Brad Wright explains how Chunker’s short-term container storage model reduces risk for shippers.
Kai Timmermann says the FMC’s “relatively standardized narrow dataset will solve a large portion of operational issues” in global shipping.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
COVID lockdowns in major Chinese cities are bottling up freight shipments, but the full impact on global trade won’t be clear until this summer.
China’s zero-COVID measures will make it harder for European exports to reach the East Coast because empty containers aren’t getting where they’re needed.
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.