A suspect has been arrested after Los Angeles port and city police broke up a crime ring that had stolen $600,000 worth of container chassis.
Container throughput at Georgia’s Port of Savannah was 11.4% higher y/y through the first six months of fiscal year 2025.
Trans-Pacific container rates will likely remain elevated as importers look to avoid more U.S. import tariffs.
Maersk, the world’s second-largest container line, reported solid gains in 2024 in its ocean, logistics and terminals businesses.
Liner operator Ocean Network Express and LX Pantos are partnering on Boxlinks for U.S. domestic intermodal logistics.
French liner operator CMA CGM announced peak season surcharges for containers moving from Northern Europe to the United States.
The International Longshoremen’s Association’s wage scale committees this week will review the tentative contract with port employers ahead of a vote by union members.
Container operator Hapag-Lloyd said preliminary results for fiscal year 2024 were improved over the previous year.
The Ocean Network Express alliance of K-Line, MOL and NYK saw profits skyrocket in the fiscal third quarter.
A new report from the Intermodal Association of North America found international volumes helped intermodal freight author a turnaround in 2024.
Here’s what you need to know as ocean carrier alliances prepare to deploy new and reorganized container services.
“We’re partnering with over three times the number of freight forwarders that we [anticipated] by this time,” said Bryan Lacaillade, co-founder and CEO of Freightmate Ai.
Maersk has won an additional two years for domestic container transshipments between ports in China. China’s Transport Ministry this week announced an extension of the pilot cabotage program through December 2027. The program aims to improve domestic export and import container flows between Yangshan port in Shanghai and select ports in northern China. It will […]
Trans-Pacific container rates eased in the most recent week as Chinese manufacturing and logistics activity wound down for the Lunar New Year holiday, which began Wednesday. Asia-U.S. West Coast ocean rates fell 7% to $4,938 per forty-foot equivalent unit for the week ending Jan. 24, according to the Freightos Baltic Dry Index. Asia-U.S. East Coast […]
A strong shipping market helped secondhand container prices grow to an above-average finish in 2024, but it’s unclear whether that will be sustained heading into the new year. “With inflationary pressures persisting and central banks maintaining higher interest rates for longer, container owners will face increased total asset costs,” said Christian Roeloffs, co-founder and chief […]
While the global supply chain seemed whipsawed on a daily basis in 2024, one thing remained constant: a veritable tsunami of ocean containers moving through the Port of Los Angeles. The busiest U.S. maritime trade hub moved 10.3 million container units in 2024, a record 1.7 million TEUs or nearly 20% higher than a year […]
CMA CGM, the French container line that has continued to transit the Red Sea despite attacks on shipping, said it will continue to route most of its affected services away from the region.
CSX Corp. today reported fourth-quarter 2024 operating income of $1.11 billion that fell compared to $1.32 billion in the prior year period. Revenue totaled $3.54 billion for the quarter, off 4% year over year as declines in fuel surcharge and coal revenue offset higher pricing, merchandise volume and volume growth in intermodal. Net income was […]
Union Pacific reported profit 7% higher from a year ago, as rail freight volumes gained and operating margin improved.
An investigation by the United States trade representative found evidence of wide-ranging plans by China that have helped it dominate the global ocean shipping and shipbuilding industries.
There are no major bottlenecks for North American container port drayage and rail ramps, according to ITS Logistics’ January U.S. Port/Rail Ramp Freight Index.
Louis Sola has been designated by President Donald Trump as chairman of the Federal Maritime Commission. Sola, a Republican, has served as an FMC commissioner since 2019 when he was nominated during the first Trump administration. The FMC is an independent federal agency responsible for regulating international ocean commerce as it relates to U.S. interests. […]
Weaker container rates for Asia-U.S. volumes could give way to increases, but that depends on carriers’ plans in the coming weeks, said analyst Freightos.
Houthi rebels said they will end attacks on Israel and on merchant shipping in the Red Sea in the wake of a ceasefire between Israel and Hamas.
The International Longshoremen’s Association expects to shortly take the next steps toward ratifying a new contract with East and Gulf Coast port employers. Union leadership will be scheduling meetings “in the next few weeks” with ILA wage scale delegates to review the tentative agreement with terminal operators and ocean carriers of the United States Maritime […]
Intermodal volumes boosted weekly U.S. rail traffic even as overall carloads slipped compared to the same week in 2024.
Washington added China’s Cosco shipping line and two of its largest shipbuilders to a blacklist of companies it said were directly tied to the People’s Republic of China military apparatus.
Israel and Hamas agreed to a ceasefire, raising questions as to when major container lines will return to the Red Sea.
“In mature markets like the U.S., data accuracy and completeness are critical to building trust and delivering value,” said Shippeo co-founder Lucien Besse.
Container rates from Asia to the United States are in a holding pattern after an East Coast longshore strike was averted.
The Port of Los Angeles has appointed Jeffrey Strafford as chief financial officer at the busiest U.S. container port.
CMA CGM is adding a call in Salerno, Italy, on its service linking the Mediterranean and North America.
China’s largest ocean carrier forecast record profits as Red Sea disruptions helped keep freight rates high.
The Environmental Protection Agency has awarded the public-private Louisiana International Terminal project $1 million toward its Sustainability Management Plan.
Container volumes through U.S. gateway are forecast to stay ahead of year-ago levels, according to the National Retail Federation’s Global Port Tracker.
French carrier CMA CGM rolled out three peak season surcharges for U.S.-bound containers.
Sixteen Republicans have signed on to a bill that would pave the way for soon-to-be President Donald Trump to put the Panama Canal back under U.S. control.
Trans-Pacific container rates increased sharply to start 2025, according to analyst Freightos, as importers brought shipments forward ahead of Lunar New Year.
The head of the United States Maritime Alliance cited President-elect Donald Trump’s leadership for helping reach agreement on a new longshore contract.
At the Transportation Research Board annual meeting, intermodalists advise and dissent over developments in the freight sector.
A compromise by the ILA and USMX on automation has settled global concerns over a potential strike at U.S. East and Gulf Coast ports.
Weekly U.S. rail traffic showed a slight uptick over 2024 in the first report from the Association of American Railroads for 2025. Overall volume for the week ending Jan. 4 was 421,410 carloads and intermodal units, a 1% increase over the first week a year ago. That included 198,500 carloads, down 4.6%, and 222,910 containers […]
The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative agreement on a new six-year master contract. The agreement will replace the expiring contract which had been extended after a short strike in October 2024. The two groups issued a joint statement late Wednesday evening, saying “the two sides […]
Stakeholders at the Transportation Research Board annual meeting gathered to evaluate port performance, a complicated conversation within the supply chain.
Officials with the International Longshoremen’s Association and United States Maritime Alliance met privately to discuss port automation technology.
After a year marked by port congestion, vessel diversions and longshore labor issues, maritime shipping is bracing for the unknown in 2025.
A panel of public and private decision-makers highlighted steps taken to fortify the global supply chain against disruptive events, but said more needs to be done.
CMA CGM has announced several surcharges affecting US container services but delayed one after reports that union dockworkers and port employers would resume contract negotiations.
Maersk this week called on shippers to clear out laden containers ahead of a possible strike by union longshore workers at East and Gulf Coast ports.
The International Longshoremen’s Association and port employers represented by the United States Maritime Alliance are set to resume bargaining on a new contract Jan. 7.
Shippers continue to navigate the known and the unknown as trans-Pacific container rates moved higher as 2024 comes to an end.
Panamanian President José Raúl Mulino rejected President-elect Trump’s claims of Chinese interference and high fees to use the Panama Canal.
The Port of Oakland saw loaded imports post year-over-year gains in November, the 13th straight monthly increase for the Northern California hub.
Liner operator Hapag-Lloyd announced new surcharges ahead of a possible
January strike by the International Longshoremen’s Association at East and Gulf Coast ports.
Frontloading by importers ahead of 2025 helped Asia-U.S. ocean freight rates stay elevated into mid-December.
Liner operator Yang Ming of Taiwan announced plans to modernize its fleet with orders for as many as 13 newbuildings.
Gatego was founded by CEO Adrian Garcia, whose firsthand experience in his family’s trailer yards highlighted the inefficiencies of traditional systems.
Port Authority of New York and New Jersey announced the unanimous re-election of Chairman Kevin O’Toole.
American forces said friendly fire was responsible for shooting down an F/A-18 Hornet fighter jet during military operations battling Iran-backed Houthi rebels in the Red Sea.
Import demand has increased over the past two years as companies have largely corrected inventories and navigated treacherous waters in the maritime industry.
Norfolk Southern has tabbed investment banker Michael Barr as vice president of investor relations and treasurer.
Fears of new tariffs and a strike at East Coast ports combined to push up ocean container rates on Asia-U.S. routes in December.
Shippers would have to move 10% of all seagoing Chinese imports on U.S.-flagged and -crewed vessels under the terms of proposed bipartisan legislation.
Intermodal continues to pace weekly U.S. rail traffic while carloads edged downward, according to the Association of American Railroads.
The International Longshoremen’s Association has the backing of President-elect Trump in its contract fight with East and Gulf Coast port employers, who may yet have the final say.
A newly completed CPKC rail bridge linking the U.S. and Mexico is expected to double capacity for cross-border trade.
The rebel militia that has spent the past year terrorizing Red Sea shipping may be taking a new tack as events unfold in the Mideast.
Continuing consumer demand and frontloading by importers in November helped the Port of Los Angeles to double-digit gains in container volumes.
American military forces protecting Red Sea shipping launched an airstrike against Houthi rebel bases inside Yemen.
Credit evaluator Fitch Ratings is changing its outlook for global container shipping in a move that could make it easier for vessel operators to issue debt or borrow money.
President-elect Donald Trump over the weekend again backed union dockworkers in their fight to block automation technology at East and Gulf Coast container ports.
The American Apparel & Footwear Association called on port employers and the International Longshoremen’s Association to work out their differences over automation and avoid another strike in January.
U.S. rail traffic is back on track after November swings, with intermodal gains outpacing weaker carloads.
Rates on Asia-U.S. West Coast and Asia-U.S. East Coast container transport fell for the latest week tracked by Freightos but rose by double digits for Asia-Europe/Mediterranean traffic.
The Port of Jacksonville is taking on a larger role in 2025 as ocean container lines add the north Florida hub to their global services.
US forces defeated an attack by Yemen-based Houthi rebels on a trio of merchant ships and two destroyers in the Gulf of Aden.
The National Retail Federation forecasts containerized imports to continue to surge through U.S. ports ahead of a possible longshore strike and tariffs planned by the Trump administration.
Resilient consumer spending and a healthy jobs market underpinned record intermodal volumes through November, a new report finds, as the U.S. economy enjoys stable footing approaching 2025.
A plethora of factors will weigh on container prices in 2025 as shippers manage their businesses in a changing supply chain.
New tariffs by the Trump administration on products from China, Canada and Mexico will hit companies and consumers with increased costs, experts said.
As a January deadline nears, a coalition of exporters and importers calls on East Coast port employers and their longshore union to resume bargaining on a new contract.
With the freight recession seemingly in the rearview mirror, FreightWaves’ transportation market experts advise on how to prepare for 2025.
The International Longshoremen’s Association and United States Maritime Alliance aren’t bargaining, but that hasn’t swayed Polymarket bettors wagering against another dock strike.
A new four-lane bridge is a key piece of a logistics project aimed at making Burns Harbor a destination for international cargo.
The International Longshoremen’s Association and United States Maritime Alliance make claims and counterclaims amid stalled contract negotiations.
Ocean container rates to the U.S. remained steady as shippers maneuver to minimize the effects of higher tariffs and a potential port strike in 2025.
A.P. Moller-Maersk has signed contracts for 20 new dual-fuel container ships set for delivery in 2028-2030.
U.S. Navy warships fought off airborne attacks on a trio of American merchant vessels by Yemen-based Houthi militia.
Container rates to the U.S. West and East coasts stayed above $5,000 per FEU as tariff talk and labor issues shadowed shippers’ plans.
Container volumes in Houston and New Orleans fell in October, while Corpus Christi, Texas, was boosted by crude oil shipments.
Maritime transportation could be vulnerable to remote attacks, the U.S. Coast Guard states in a new security directive.
Terminal operators and ocean carriers at the Port of Montreal have agreed to mediation in bargaining on a new longshore contract.
Israel’s richest man exits Zim shipping as Red Sea attacks send ocean lines’ profits soaring.
There are some delays as Canada’s top import gateways work off backlogs of containers from labor-related shutdowns.
The Port of Los Angeles posted record container volume in October on resilient consumer spending and a strong economy.
Zim saw a decision to leverage its business against spot rates pay off on surging demand in the trans-Pacific trade.
The American Apparel & Footwear Association said the U.S. should do more to protect Mideast shipping as attacks on vessels spur “unsustainable” higher costs and delays.
While railroads for years have talked about growth, the head of a major short line says it’s high time they embraced enterprisewide technology that’s reshaping the transportation industry.
Four new container cranes will help the Port of Virginia handle ultra large container vessels at Virginia International Gateway.
Pilot Flying J named Liz Leon as the company’s 2024 Road Warrior.
