There are not enough containers in China to handle all the U.S.-bound cargo — and box factories are now sold out into Q2.
U.S.-listed carrier reveals the latest on trans-Pacific holiday rush, restocking, e-commerce spike and port congestion.
Ocean Network Express is cautious in its full-year forecast as “future cargo demand is very uncertain” while the COVID-19 pandemic wages on.
The trans-Pacific market is bursting at the seams as shippers rush in holiday cargoes.
Hong Kong-based container carrier moves 1.94 million TEUs during the third quarter of 2020.
“If you go back a couple of months, nobody would have expected that demand would be as strong today as it is right now,” says CEO Rolf Habben Jansen.
‘Get ready for the biggest restocking cycle on record,’ says Jefferies.
China could decide enough is enough if trans-Pacific rates rise too high.
With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.
A new interview with AgTC’s Peter Friedmann on how China COVID fears affect U.S. food exports.
U.S. shippers importing cargo from Asia are getting some price relief.
Neptune Orient Lines will be renamed CMA CGM Asia Pacific Ltd.
E-commerce and coronavirus fallout are buoying container services from Asia to the West Coast.
New data reveals third-quarter ocean schedules still largely intact — a positive sign on cargo bookings.
Ship calls and volume expected to pick up in July, officials from South Carolina and New York/New Jersey ports tell the Agriculture Transportation Coalition
Canceled shipments hurt carriers as much as blanked sailings sting customers, says Hamburg Süd’s president for North America
Hong Kong-based shipping line says first-quarter volume was down less than half a percent despite pandemic.
Ocean, intermodal and trucking data are flashing red. Don’t worry — DAT just made a bullish call on spot rates.
Phase One of the U.S.-China trade deal is scheduled to take effect Wednesday. Read CNBC’s Lori Ann LaRocco’s take on how that trade has changed since the tariff war began — and how it may never be quite the same.
Trans-Pacific container rates continue to fall as Asia-Europe rates continue to rise.
CNBC trade expert and author Lori Ann LaRocco says if trade talks were really progressing, U.S. exports to China would be ticking up, not down.
Even with a 15-20% increase in container freight costs from Asia to the U.S., prices would still be far below 2018 rates.
Asia-U.S. container rates are still not showing peak-season strength, but optimism remains.
Shippers benefit as transportation rates expected to stay low.
