port congestion

A “truly outstanding quarter” lifts net profit from $27 million in 2020 to $1.45 billion this year.

Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.

On this episode of Point of Sale, Andrew Cox looks at the tidal wave of impacts following the Suez Canal blockage and what it could mean for already stressed U.S. ports.

Biden taps Daniel Maffei to head the FMC amid the ongoing port congestion crisis.

You think you can just book your cargo on a plane to avoid the ocean shipping congestion at the Suez Canal? Guess again. Freighters were flying full even before the Ever Given got stuck, so finding space will be very difficult.

The Panama Canal Authority’s administrator discusses why he’s not worried about a container ship blocking the canal.

Add Nike (NYSE: NKE) to the growing list of retailers being severely hampered by port congestion and supply chain bottlenecks. The congestion at West Coast ports in particular strained Nike’s supply chain and negatively impacted revenue, which declined 11% yoy in the quarter ending Feb. 28.

The world’s largest shipping line says it has changed its ways and is no longer playing the spot market, instead going steady with long-term partners.

“2020 has been exceptional, with stellar performance in the industry,” says Hapag-Lloyd CFO Mark Frese.

There’s no time for deliberation these days if you want to get high-value cargo shipped by air. It’s a strong seller’s market in the air cargo world. If you see it, book it and don’t worry about the price.

Fireworks could be stuck at sea by the time the Fourth of July rolls around. Blame massive port congestion and overloaded freight networks. The fireworks industry is asking the Biden administration to provide a fix, but what can it do?

There is a direct correlation between stimulus checks and the surge in e-commerce spending, according to SEKO US.

“Today we are in the seventh month of a historic import surge driven by unprecedented demand by American consumers,” says Gene Seroka.

Retailers are stuck between playing the waiting game and risking delays that wreck quarterly results or ponying up and taking to the skies. The goods will arrive quickly, but at what cost?

Carriers should begin planning now to influence policy change that could result from Biden’s supply chain executive order, industry observers say.

On this episode of Midday Market Update, Kevin Hill and Michael Vincent look at downstream effects from California’s port crisis.

“Ocean Insights has dominated the container-tracking space, and we look forward to providing the industry not only the best ocean capabilities but also the most comprehensive end-to-end visibility platform,” says project44 CEO Jett McCandless.

Northwest Seaport Alliance reports January exports dropped 13.4% year-over-year.

Federal Maritime Commissioner Carl Bentzel discusses the agency’s options in regulating rates and service amid the booming U.S. container supply chain.

Amazon may get the headlines for promising fast deliveries, but if it can’t get the product from overseas, the efficiency of trucks and delivery vans won’t make a difference.