Maersk says Red Sea key to profit in 2025
Maersk, the world’s second-largest container line, reported solid gains in 2024 in its ocean, logistics and terminals businesses.
Maersk, the world’s second-largest container line, reported solid gains in 2024 in its ocean, logistics and terminals businesses.
The Trump administration’s move to claw back grant money has maritime executives worried about competition with China.
Liner operator Ocean Network Express and LX Pantos are partnering on Boxlinks for U.S. domestic intermodal logistics.
French liner operator CMA CGM announced peak season surcharges for containers moving from Northern Europe to the United States.
The International Longshoremen’s Association’s wage scale committees this week will review the tentative contract with port employers ahead of a vote by union members.
Container operator Hapag-Lloyd said preliminary results for fiscal year 2024 were improved over the previous year.
The Ocean Network Express alliance of K-Line, MOL and NYK saw profits skyrocket in the fiscal third quarter.
A new report from the Intermodal Association of North America found international volumes helped intermodal freight author a turnaround in 2024.
Here’s what you need to know as ocean carrier alliances prepare to deploy new and reorganized container services.
Maersk has won an additional two years for domestic container transshipments between ports in China. China’s Transport Ministry this week announced an extension of the pilot cabotage program through December 2027. The program aims to improve domestic export and import container flows between Yangshan port in Shanghai and select ports in northern China. It will […]
Ports in Houston and Corpus Christi, Texas, reported increased year-over-year cargo movements in 2024 versus 2023.
Trans-Pacific container rates eased in the most recent week as Chinese manufacturing and logistics activity wound down for the Lunar New Year holiday, which began Wednesday. Asia-U.S. West Coast ocean rates fell 7% to $4,938 per forty-foot equivalent unit for the week ending Jan. 24, according to the Freightos Baltic Dry Index. Asia-U.S. East Coast […]
The dollar value of cross-border freight moving between the United States, Canada and Mexico in November was unchanged from the previous year.
Lawmakers on Capitol Hill discussed whether Chinese influence was violating Panama Canal neutrality at the expense of U.S. international trade.
President Donald Trump’s administration on Wednesday rescinded a freeze on federal grants and other funding that could have had far-reaching effects on the transportation sector, one day after the order was announced amid public uncertainty and criticism, media outlets reported. The reversal also follows a federal judge’s order on Tuesday that temporarily blocked the pause […]
A strong shipping market helped secondhand container prices grow to an above-average finish in 2024, but it’s unclear whether that will be sustained heading into the new year. “With inflationary pressures persisting and central banks maintaining higher interest rates for longer, container owners will face increased total asset costs,” said Christian Roeloffs, co-founder and chief […]
While the global supply chain seemed whipsawed on a daily basis in 2024, one thing remained constant: a veritable tsunami of ocean containers moving through the Port of Los Angeles. The busiest U.S. maritime trade hub moved 10.3 million container units in 2024, a record 1.7 million TEUs or nearly 20% higher than a year […]
CMA CGM, the French container line that has continued to transit the Red Sea despite attacks on shipping, said it will continue to route most of its affected services away from the region.
An investigation by the United States trade representative found evidence of wide-ranging plans by China that have helped it dominate the global ocean shipping and shipbuilding industries.
There are no major bottlenecks for North American container port drayage and rail ramps, according to ITS Logistics’ January U.S. Port/Rail Ramp Freight Index.