It costs $1.2 million to charter a cargo jet from Vietnam as air exports slow because of the government’s response to a wave of COVID infections.
Queue of container ships off U.S. ports keeps building, with months’ worth of peak-season cargo still to unload.
The Port of Ningbo is in a partial lockdown, putting immense pressure on an ocean transportation system squeezed to the maximum. It’s a replay of the Yantian port slowdown earlier this summer.
GCCA’s Lowell Randel explains how industry and government can fix driver shortages, port congestion and cyber threats.
Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.
An American company has accused foreign ocean carriers of abusing the container market to pad their profits.
Almost no container ships were stuck at anchor when 2020 peak season began. This peak season, terminals are pre-clogged.
Ocean Network Express says the “economic environment is now changing” and it cannot forecast what the rest of 2021 holds, but Hapag-Lloyd can. It expects to triple 2020’s EBITDA.
We have a new winner in the ocean shipping game of “How High Can Rates Go?” — about 15 times higher than before the COVID crisis.
U.S. shippers this holiday season will need more than Rudolph’s red nose to guide them through the whiteout of congestion.
Matson is adding a seasonal express service to help deal with the upcoming peak shipping season from China. But will it help with freight transportation delays?
STB Chairman Marty Oberman has sent letters to all the Class I railroads asking them how the railroads are applying storage fees at key container terminals while the supply chain is congested.
Vietnam is the newest epicenter for supply chain chaos. Manufacturing and port activity have been cut by new COVID precautions.
It’s not what the company typically does but “this market has created a lot of unique situations,” says SEKO exec.
Supply chain bottlenecks are raising red flags for inflation down the road.
The seven-day suspension of service, starting on Sunday, is aimed at helping ocean carriers, UP and other stakeholders to catch up and relieve the congestion at West Coast ports and busy inland terminals, especially Chicago.
With 39 ships at anchor, the Port of Vancouver is continuing to feel the strain as CP and CN resume service in a fire-afflicted region of British Columbia.
IRIS is GEODIS’ eye-in-the-sky ocean and air shipments visibility platform for booking and managing exports in real time.
The biggest container shipping line in the world says container traffic at the massive Port of Yantian in China is moving much better after COVID restrictions were recently lifted. But exporters have a long way to go before ocean shipments go smoothly again.
The Port of Yantian is operating at 100% on the vessel side again after a month of delays, but that doesn’t mean the container buildup will get resolved soon.
