The union representing East and Gulf Coast dockworkers warned members to prepare for a possible strike starting Oct. 1, 2024.
“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.
The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.
Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.
Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.
Hub Group reported $1 billion in revenue and earnings per share of 97 cents during the third quarter.
This is CargoX’s second sizable partnership aimed at bringing more efficient import and export practices to global markets.
Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.
Geopolitics has always been a key driver of global shipping markets. How could the war in Israel affect rates?
Executives for shuttered logistics operator Tiger Cool Express have restarted an intermodal project in Washington state.
Peak season demand propelled imports higher in September, although softening spot rates point to a fourth-quarter slowdown.
The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago.
Just when it looked like West Coast port labor drama had dissipated, the ILWU has filed for bankruptcy protection.
Cargo volumes were a mixed bag for Gulf Coast ports in August, with Corpus Christi and New Orleans reporting gains, while Houston saw a 20% decline in container shipments.
Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.
The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.
The supply chain crisis is over, but exporters are still paying more — and facing more logistical challenges — than they did before the pandemic.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.
Project44’s Jett McCandless comments on the state of technology as the company completes a round of layoffs on Thursday.
