Hapag-Lloyd CEO: Container market volatile but not collapsing
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
Retail sales are still up double digits compared to pre-COVID. Inventory-to-sales ratios have yet to fully recover.
Major retailers like Target, Walmart and Amazon are suddenly packed with inventories. It’s a whiplash that’s spooking investors.
Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.
Major retailers and suppliers reassured the White House they have a handle on supply chain volatility and can meet consumer demand.
Long-haul freight typically shrinks around the holiday season as fulfillment becomes a priority. The exact opposite is occurring this season, which may be indicative of shipper overcorrection.
President Biden got input Tuesday from express carriers and large retailers on the supply chain crisis.
The ocean shipping boom is spreading across vessel types. Spot LNG shipping rates just topped $150,000 per day.
A double whammy of few new trucks and fleets wanting upgraded equipment in a booming freight market is driving prices to a post-Great Recession peak.
With the retail inventory-to-sales ratio still falling, U.S. importers are urged to move fast on their holiday import plans.