Supply chain planners will walk a precarious path in 2023, according to S&P Global transportation expert Paul Bingham.
Maersk, a major container shipping line, is set to debut its U.S. air cargo service and has focused its resources on the Chicago area.
Although Hurricane Ian dented volumes at Georgia’s ports, Georgia Ports Authority still saw quarterly volumes grow by 9.6% year over year.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
Despite reports that U.S. imports are slowing down, South Carolina Ports reported a nearly 11% increase in overall volumes in September year over year.
Port Houston recently ordered 29 container cranes for a total of $106.1 million.
Demand for Asian goods began dropping earlier this year. This is now having a delayed — and highly negative — effect on U.S. imports.
Ocean carriers will be subject to stricter requirements when they charge shippers fees on late containers if a proposed rule is adopted.
Major ocean carriers are likely to survive the ongoing dip in shipping rates. But other companies may soon struggle.
Shipping adheres to a time-honored tradition: When shipowners make exceptionally high profits, they order a lot of new vessels. When those newbuilds are delivered by the yards, it kills shipowners’ profits. Such boom-and-bust behavior has been de rigueur for over a century. As London shipbroker J.C. Gould, Angier & Co. wrote in 1894: “The philanthropy […]
Radiant Logistics will restate financial results for 2021 and the first three quarters of 2022, according to a filing with the Securities and Exchange Commission.
CEO Rolf Habben Jansen said the SM SAAM S.A. acquisition is part of Hapag-Lloyd’s strategy to build “a robust and attractive terminal portfolio.”
With war raging and pipelines sabotaged, shippers are paying astronomical sums to transport LNG across the oceans.
A bipartisan proposal increases minimum tonnages for agricultural products exported by the U.S. government.
The ports of Halifax and Saint John in Atlantic Canada seek opportunities to bolster volumes and greening efforts.
BNSF is planning to invest more than $1.5 billion to develop a Southern California facility aimed at easing congestion at the West Coast ports.
Measures of supply chain bottlenecks, cargo transit times, bookings and spot rates are all down, yet inflation remains historically high.
Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.
Steamship lines sometimes offer an included chassis for trucking companies. Similarly, non-vessel operating common carriers sometimes offer a chassis program linked to the chassis pools for their carrier partners. While these offers may sound attractive, is a typical “chassis deal” really a deal at all?
Hurricane Ian came ashore in Fort Myers, Florida, just before noon Wednesday. Transportation is starting to feel the impact, with road and port closures in effect.
