New week sees ocean container rates soar
Freightos Baltic Index container rates showing the effects of the China-U.S. tariff break and carrier rate hikes.
Freightos Baltic Index container rates showing the effects of the China-U.S. tariff break and carrier rate hikes.
Awesome Cargo will soon begin flying its first main-deck freighter after starting out with a couple of seat-free passenger aircraft that can only carry light boxes in the cabin.
Canada Post and the Canadian Union of Postal Workers are not giving an inch in their fight over a labor contract, with Canada Post showing frustration with union leadership and opposing its call for binding arbitration.
The Port of New York-New Jersey saw April container volumes rise 6% from the same month a year ago.
The American Association of Port Authorities said cuts to EPA anti-pollution programs will hurt jobs and weaken the U.S. maritime sector.
The airline industry’s largest trade association is predicting much slower cargo growth in 2025 as rising tariffs dampen trade activity or shift it to ocean transport.
The Port of Corpus Christi, Texas, announced the completion of its $625 million, six-year ship channel expansion.
Canada Post, in a sign it has lost patience with leadership of the Canadian Union of Postal Workers, has asked the Canadian government to put its latest contract offer to employees for a vote.
Liner operator CMA CGM and launch customer Nike are partnering on an electric barge project in Vietnam.
Retaliatory tariffs from trading partners, like China’s response to the retaliatory tariffs, could linger, complicating cross-border freight.
A federal appeals court sided with the Trump administration in temporarily staying a ruling that blocked most of the president’s tariffs.
DHL Express workers say they are willing to walk off the job in less than two weeks if a new labor contract isn’t in place by then.
Carriers are pushing for big increases in the Asia-U.S. trade, but it remains to be seen how desperate shippers are to secure capacity, says a Xeneta analyst.
Canada Post’s financial troubles have been compounded by the ongoing labor dispute and the inability to generate more revenue from parcel delivery.
French container line CMA CGM is partnering with Saigon Newport Corp. on a $600 million container terminal project in northern Vietnam.
Purolator’s airfreight partner in western Canada is modifying turboprop aircraft for parcel transport as part of a fleet modernization.
Maersk (OTC: AMKBY) and Hapag-Lloyd (OTC: HPGLY) announced new container services from East Asia to the U.S. Port of Long Beach. The additions by the Gemini Cooperation partners, which include the redeployment of at least one ship back into the eastbound trans-Pacific to U.S. West Coast trade, come as carriers scale up during a 90-day […]
Ports in Houston and Corpus Christi reported a rise in cargo volumes during April, while New Orleans posted a slight decrease.
A.P. Moller-Maersk, parent of the world’s second-largest shipping line, said that as of late May it has bought back almost $600 million worth of stock.
Ocean container rates are surging after the tariff ceasefire stoked demand from China to the United States.