China State Shipbuilding Corp. said it has received approval in principle for a liquefied natural gas dual-fuel vessel of 27,500 twenty-foot equivalent units, the largest boxships afloat.
The Port of Los Angeles edged out Laredo, Texas, as the No. 1 U.S. trade gateway in July, while Mexico was the top U.S. trade partner for the month.
Canada is launching a 100% tariff on imports of electric vehicles made in China, citing unfair competition that it says threatens the global EV market.
Shipping spot rates tracked June’s record volumes from the Far East to the U.S. West and East coasts, soaring by 144% and 139%, respectively, between April 30 and July 1, according to Xeneta.
U.S. officials announced a delay on the start of new tariff increases on Chinese imports, including a 25% tariff on China-made ship-to-shore cranes.
China-based Windrose Technology plans to open a factory in Georgia where the company will produce an electric semi-truck.
DHL Express is expanding China air network through teaming arrangement with Central Airlines.
Maersk has ambitious plans for its dedicated cargo airline to become a major piece of its integrated logistics service, alongside its ocean container business.
Chinese e-commerce store JD.com is growing its in-house airline to satisfy customers in China with quick order delivery.
The air cargo market is maintaining momentum despite entering the slow season, thanks to strong demand for e-commerce and e-cigarettes out of China and a mode shift tied to the Suez Canal cutoff.
Global ocean carriers are targeting the growing trade from China to Mexico with new express services.
This week in Borderlands: China boosts its Mexico investments as nearshoring opportunities grow; Realterm acquires truck terminal in El Paso, Texas; Horton Automatics opens plant in Matamoros, Mexico; and Schunk invests $7 million to expand in Mexico.
The air cargo sector grew more than 10% during the first quarter on the back of e-commerce exports from China and supply chain disruptions in the Red Sea.
A key ocean container spot rate benchmark dropped nearly 18% this week.
Chinese trade flow into Mexico is helping to build up the latter’s manufacturing capabilities, which is a long-term positive for the U.S.
Whether it is nearshoring, tariff bypasses or something else entirely, the Southern border is becoming increasingly important for domestic transportation.
ZPMC’s cranes appear to be part of a global digital surveillance effort on the part of the Chinese.
Descartes’ monthly report shows strong February container imports, but March and April volumes appear less certain.
Cummins Inc.’s environmental citizenship record didn’t shield it from the U.S. attorney general’s criticism when it agreed to pay a record fine.
Lower inventories in the U.S. are pulling freight into the country.
The arcade game Whac-A-Mole describes state-by-state approach to rules of the driverless road while 50-state solution appears far off.
The Federal Railroad Administration has proposed that rail car manufacturers certify that their rail cars were made in countries that haven’t been flagged by the U.S. government for national security concerns. Two trade groups representing rail equipment manufacturers support this measure.
The era of rapid Chinese growth and large-scale government intervention is over, says China Beige Book CEO Leland Miller.
Leland Miller, CEO of China Beige Book, spoke with FreightWaves CEO Craig Fuller about ongoing supply chain issues, geopolitical tensions and financial risks in China at F3: Future of Freight Festival on Wednesday.
The first Airbus A321 converted freighter has been cleared by authorities to begin commercial service in China.
By employing the China Plus One strategy, companies can hedge against the headwinds they are facing in China while still benefiting from the country’s wealth of resources and well-established supply chain processes.
Daimler Truck, Paccar and Cummins are forming a joint venture with a Chinese battery maker to onshore battery cell production in the U.S.
The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects.
The end of a 40-year economic boom cycle and America military strategy are combining to make China less fearsome than global impressions.
Autonomous trucking software developer TuSimple completed a driverless truck pilot on a U.S. highway in 2021. Now it has done it in China.
Hyzon Motors is not out of the woods yet, but it is current on required financial filings and has streamlined its fuel cell business.
Airbus has reached another milestone with its young A330 passenger-to-freighter program.
America’s imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.
Etihad Airways in Abu Dhabi and SF Airlines in China are helping each other expand globally by providing ground services for the other at their main freighter hubs.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
Maersk is rapidly expanding from a pure ocean carrier to a cargo airline. The latest move is the establishment of new routes between the U.S. and China.
Chinese automaker Jetour announces $3B electric vehicle assembly plant in Mexico.
Transportation infrastructure across the U.S. is woefully underprepared to support manufacturers, retailers and logistics companies in navigating the new consumer landscape.
Even with multiple investigations to close, TuSimple has three years worth of money to run its autonomous trucking business.
Shipping line Maersk has unveiled the latest expansion of its cargo airline with a new Eurasia route.
In-transit visibility options have skyrocketed over the past several years, making it easier than ever to track a shipment’s en route movements. The same cannot be said, however, for terminal visibility.
An Airbus affiliate that converts used passenger planes into cargo haulers plans to outsource some work to a new partner in China.
Engine maker Cummins backs OEM projections of a strong 2023 for new trucks. If the China market recovers, look for an earnings bounce.
The Wall Street Journal reported a federal watchdog group urged an espionage probe into TuSimple leaders, but the company denied the report.
Just as the pandemic wound down, another market-altering event for shipping — the Ukraine-Russia war — ramped up.
Cargo traffic for Cathay Pacific fell in November, weighed down by weak demand for Chinese exports. The small bump it enjoyed in October was short lived.
Faster easing of China’s COVID restrictions could provide eventual support for container and dry bulk markets and a more immediate boost for tankers.
New bookings data suggests volume softness is here to stay.
Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.
The $3.3 billion acquisition of Meritor Inc. took a bite out of Cummins’ Q3 earnings as did underperforming joint ventures in China.
A leading expert on China’s economy says its formerly high growth rates aren’t coming back.
TuSimple fired co-founder Xiaodi Hou as CEO and kicked him off the board amid federal probes into dealings with China.
Separar los problemas de la comercialización de camiones autónomos es cada vez más difícil
The Wall Street Journal reports multiple federal probes of TuSimple’s China dealings after a watchdog set up oversight in February.
El pilar de la fabricación y el consumo estadounidenses se tambalea
Trans-Pacific trade is the foundation of American retail and industry. But souring U.S.-China relations threaten that.
As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
Supply chain planners will walk a precarious path in 2023, according to S&P Global transportation expert Paul Bingham.
Demand for Asian goods began dropping earlier this year. This is now having a delayed — and highly negative — effect on U.S. imports.
Shipping volumes are weakening in and out of China. Is this a temporary pullback or a sign of more serious trouble ahead?
Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.
Cathay Pacific Cargo, a bellwether for trade in Asia, says slowing consumer demand and Chinese exports point to a less busy peak shipping season.
A severe typhoon is headed for the South China region, forcing airlines and ports to take precautions and adjust schedules.
Zhengzhou airport has completed a major expansion project to alleviate crowding at its cargo facilities and allow for significant growth.
Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.
Chinese military exercises in the Taiwan Strait will delay shipments. Further escalation could have dramatic supply chain effects.
Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.
From crude tankers to product carriers to dry cargo ships, the largest vessels are earning less than their smaller counterparts.
Emirates is enlarging and modernizing its cargo fleet with modified passenger aircraft and new builds.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
Arkansas Gov. Asa Hutchinson has four suggestions on how U.S. manufacturers and the American government can make a more resilient supply chain.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
TuSimple, the autonomous truck developer is delaying its purpose-built driverless truck to 2025 while slowing its roll in other areas.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
COVID lockdowns in major Chinese cities are bottling up freight shipments, but the full impact on global trade won’t be clear until this summer.
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.
The Shanghai lockdown isn’t following the same supply chain script as the big Chinese disruptions of 2020 and 2021.
Lo que ocurre en China no se queda en China. Y para las cadenas de suministro estadounidenses, eso suele ser algo bueno. Las empresas estadounidenses se han vuelto dependientes de […]
FreightWaves Founder and CEO Craig Fuller analyzes the impact of the latest Chinese lockdowns on the supply chains between China and the U.S.
The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.
Cargo is piling up at the Port of Shanghai because a citywide quarantine means most trucks can’t reach the port to pick up loads and keep commerce flowing.
With record inventories building and bottlenecks easing is deflation next?
Lo único sorprendente de la desaceleración del mercado de transporte es la velocidad a la que se está produciendo. El “efecto látigo” de la cadena de suministro es previsible y […]
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico regains spot as top U.S. trading partner; Mexico moves up to fourth-largest global auto parts producer; Arizona gets $315 million for ports of entry; and CBP seizes $9 million in meth from commercial trucks.
The ripple effects on logistics from Shanghai’s quarantine are being felt beyond the city as companies try to redirect freight to alternative import/export gateways.
Chinese President Xi is intent on eradicating COVID. The policy has come at a high economic cost. A new lockdown in Kunshan could threaten electronics production and further snarl ocean and air transport.
California ports make progress on bottlenecks, but Chinese lockdowns could spur “hockey stick” import rise.
TuSimple’s stock price has tanked in recent weeks, and a published report says the autonomous truck developer may sell its China business unit.
AskWaves looks at the rankings of the world’s top container ports
