Ports in Corpus Christi, Texas, and New Orleans recorded year-over-year increases in cargo volumes, while Port Houston saw a slight decline in 2023.
Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.
Spot rates remain very high, but appear to have plateaued. The question ahead: Will they fall back after Chinese New Year?
Lunar New Year and the Suez Canal conflict are having a significant effect on supply chains.
The Port of New Orleans has received a $226 million federal grant to complete the $1.8 billion Louisiana International Terminal on the lower Mississippi.
Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.
The conflict in the Middle East may have late-year implications for the domestic transportation market.
The combination of Red Sea detours and Panama Canal restrictions is having a knock-on effect: higher Asia-West Coast rates.
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
Tanker stocks rose as expected in 2023, container shipping shares surprised to the upside, and dry bulk stocks lagged the pack.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
Mexican officials recently approved a $5 charge on containers moving through the Port of Ensenada.
