Shipping stocks hammered as China fears intensify
Dry bulk shares suffer double-digit declines, with tanker and container stocks also caught up in the sell-off.
Dry bulk shares suffer double-digit declines, with tanker and container stocks also caught up in the sell-off.
Air-truck service via Toronto is faster for some logistics companies than booking shipments direct to O’Hare, where delays are mounting.
Supply chains are melting down and the ports of Los Angeles and Long Beach are taking steps to ease truck delays.
A National Labor Relations Board judge ruled the International Longshoremen’s Association cannot force the use of union labor at the Port of Charleston’s new Leatherman Terminal.
Ports across southeast Louisiana jointly submitted a request to President Joe Biden for federal aid.
Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.
The port recently added more Asia vessel calls as more shippers seek uncongested gateways servicing North American markets.
Western Global Airlines is a midsize cargo carrier that can’t grow its fleet until the U.S. DOT lifts conditions placed on startups.
Supply chain crisis deepens as more imports snared in historic ship queue off Los Angeles/Long Beach.
A union that recently wrested allegiance of pilots at Cargojet away from a competing union now says the company fired some members for their organizing activity.
Ocean carrier detention and demurrage practices will be the target of an upcoming proposed rule from the Federal Maritime Commission.
Atlas Air pilots are peeved that an outside arbitrator jammed a new labor contract down their throat. Union says many are threatening to leave.
“The NTSB determined the probable cause of the capsizing of the Golden Ray was the chief officer’s error entering ballast quantities into the stability calculation program.”
The Department of Transportation seeks “practical solutions” from the freight industry to alleviate container shortages and supply chain chokepoints.
DHL Express is one of Atlas Air’s biggest customers. It just renewed leases for 20 planes.
Container ships named The Brady, The Belichick and The Gronk just sold for six to eight times their purchase price, spurring a nine-figure payday.
August was a record month for the Port of Virginia in Norfolk, and the trend of higher year-over-year volumes could persist through the rest of 2021 as peak season approaches.
The Ever Ace is at nearly 24,000 TEUs, but ports may not be able to handle that much capacity.
Nicholas made landfall as a Category 1 hurricane in Texas Tuesday morning, bringing high winds and torrential rainfall.
Dry bulk and LNG shipping stocks now at 52-week peaks with container stocks not far from the top.