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.
Now that supply chains are back to normal, the typical effects of seasonality have returned, bringing U.S. imports up.
Fuel costs were overshadowed by skyrocketing freight rates amid the supply chain crisis. Now, fuel costs are much more important.
Have shipping stocks been a good bet? Here’s a look at their performance year to date and versus pre-COVID.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Asia-U.S. spot shipping rates have pulled back after a strong run-up, implying peak season may have passed its peak.
Houston and New Orleans reported increased monthly cargo during July, while Corpus Christi posted a rise in crude oil exports.
Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.
Panama’s drought poses a serious challenge to the country’s canal operations, but fallout to global trade remains limited.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?
