Transportation Secretary Pete Buttigieg has been lambasted for his performance. Supply chain insiders don’t entirely agree with the criticism.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Surging costs after Russia’s invasion of Ukraine could be a taste of things to come as shipping transitions to more expensive “green” fuels.
A fifth of U.S. containerized imports come from Europe. Shipping on this route remains much more expensive than it used to be.
Ports in Houston and New Orleans reported strong cargo container flows during February, boosted by exports of plastics and chemicals.
Flexport projects trans-Pacific contract rates will decline around 70% from 2022 levels but still be around 30% above current spot rates.
U.S. importers have forsaken their traditional gateway in Southern California. Many may be gone for good.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
Port of Virginia eyes completion of channel deepening this year
U.S. businesses overshot in 2022, importing way more than they needed. The hangover is in full swing, depressing 2023 imports.
Supply chain issues are in the rearview mirror for Fed inflation policy, but for importers, there’s still room for improvement.
Container lines are unable to prop up rates because they haven’t culled enough capacity to compensate for weak demand.
Shipping lines like Hapag-Lloyd have suffered sharp rate falls from the peak, but they’re nowhere near financial distress.
Kuehne + Nagel had a highly profitable year in 2022 despite macroeconomic headwinds, but results fell considerably in the fourth quarter along with transport demand.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Charter rates are far below the peak but higher than pre-COVID as liners continue to sign new container-ship leases.
After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.
