There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.
Biden’s labor secretary pick says she’s ready to step in if West Coast dockworkers and their employers cannot resolve their remaining issues.
Executive Director Mario Cordero says the Port of Long Beach is “ready for a rebound in retail.”
SC Ports’ Inland Port Dillon handled record rail moves in March, although volumes for the port authority overall were down year over year.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
Shipco Transport pairs strong company values with deep expertise and broad coverage to deliver concrete results to its forwarder customers.
Small-package shippers should consider stepping outside the norm to modernize their logistics strategy by evaluating alternative carriers.
More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.
Many industries are enjoying high profits from historic inflation. The furniture industry isn’t one of them. Thank the supply chain crisis.
Triton International entered an agreement to be acquired for $13.3 billion by Brookfield Infrastructure Partners.
“Simply put, there’s no bigger priority right now than this contract agreement,” says Gene Seroka of the Port of Los Angeles.
Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
After labor unrest closed Los Angeles and Long Beach on Friday, ports on the East and Gulf coasts look even more attractive.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
Transportation Secretary Pete Buttigieg has been lambasted for his performance. Supply chain insiders don’t entirely agree with the criticism.
American shipping magnate believed in efficiency and economies of scale in operating the world’s largest ships.
The Port of Virginia has plans to expand capacity at its inland port and at the Richmond Marine Terminal, while CSX has reached a sick leave agreement with another union group.
