The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
Is the sharp decline in shipping stocks a canary in the coal mine or an opportunity for investors to buy the dip?
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
America’s imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.
The war has stoked fears of global shortfalls of wheat, corn and fertilizers, but the flexibility of shipping trades has limited the risk.
Shippers want Congress to expand FMC’s power over rail storage fees, but shipping lines say the power is already in the hands of the STB.
Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
The softer markets in air and ocean freight are directly visible in Expeditors’ first-quarter earnings.
Maritime and logistics services company Crowley and Canadian railway CN have joined in a new service that will connect Canada, the Midwest and the Gulf Coast of Mexico.
The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Further downside risks to the U.S. economy make the odds of a rebound in containerized import volumes unlikely.
Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
Cargo flow fell slightly at ports in Houston and New Orleans in March but increased at the Port of Corpus Christi in South Texas.
The Biden administration has opened the first round of a $400 million, five-year grant program to clear truck pollution at seaports.
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
Not to be outdone by CPKC, CN said it is partnering with Union Pacific and Grupo México to provide a new, cross-continent intermodal service that will seek more truck-to-rail conversions.
Legislation giving FMC more power over alliances is aimed at preventing anticompetitive container carrier agreements.
