The Port of New York and New Jersey is seeing an increased amount of imports, but they are not hitting the truckload market.
Chinese military exercises in the Taiwan Strait will delay shipments. Further escalation could have dramatic supply chain effects.
Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
The Port of New York and New Jersey has announced a container fee on long-dwelling import or export containers, aiming to reduce an excess of empty containers dwelling at the port and free up space for container pickup.
The drop in ships waiting off Southern California is deceiving. The number of ships off all three coasts is back to all-time highs.
Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.
All the pipes of trade are connected. If one pipe starts to have empty-container constriction, container prices will be influenced across the board.
America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.
Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.
The Biden administration wants to speed an effort unveiled in March to create a first-time freight data exchange for U.S. container shipments.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Pennsylvania markets see a drop in volumes but a rise in rejections. Booking volumes for imported maritime volumes are down 11%.
Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.
Import market share to LA and Long Beach remains high, but overall imports have decreased.
Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.
There were 125 container ships waiting offshore on Friday, including 36 off Savannah, 24 off Southern California and 20 each off Houston and New York.
Nippon Express has launched a multimodal transport service for shipments from the U.S. and Canada to Asia via Mexico.
