GTI Transport Solutions announced Thursday the acquisition of container transport provider Foxconn Logistics.
The movement of materials and finished products between China and its key Asian suppliers is taking a big hit — and the ramifications will be felt around the world.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
The U.S. Maritime Administration issued a final environmental impact statement for the Pier B on-dock rail facility at Long Beach and approved the project.
FreightWaves Founder and CEO Craig Fuller analyzes the impact of the latest Chinese lockdowns on the supply chains between China and the U.S.
Five hundred containers were removed from the Ever Forward to lighten its load and help salvage crews refloat the vessel stuck in Chesapeake Bay.
Mario Cordero, Port of Long Beach executive director, says there have been “notable improvements across the supply chain,” but lockdowns in China could change that.
A torrent of backlogged cargo in China is expected to overwhelm global ports once Chinese authorities end widespread COVID lockdowns.
The company participated in a public-private sector short-sea shipping trial program.
Tanker, bulker and LNG shipping stocks rise as domestic freight and container stocks face pressure.
The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.
America’s largest container port, Los Angeles, just posted the best March and best first quarter in its history.
Deputy director for the past three years, Beth Rooney will become leader of the Port of New York and New Jersey on May 2
SC Ports handled 264,334 TEUs in March, up 6% year-over-year.
Major logistics platform E2open’s heavy debt load can be handled by the company’s free cash flow, S&P Ratings says.
Zero-COVID policies seem effective only in creating widespread supply chain disruptions.
Cargo is piling up at the Port of Shanghai because a citywide quarantine means most trucks can’t reach the port to pick up loads and keep commerce flowing.
The debate heats up on whether this is the beginning of the end of container shipping’s bull run.
Maersk is one of the world’s dominant container shipping lines. Now it is making a play to be a major cargo airline.
The ripple effects on logistics from Shanghai’s quarantine are being felt beyond the city as companies try to redirect freight to alternative import/export gateways.
Relief efforts are ‘proving extremely challenging’ for those stuck on 140 vessels in the conflict zone.
March volumes at the Port of Virginia were the highest yet for 2022.
The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
The partnership marks a “pivotal step” toward making green e-methanol more accessible and commercially viable for the maritime industry.
PSA International has added to its port portfolio with the acquisition of Canadian container terminal Ceres Halifax.
Chinese President Xi is intent on eradicating COVID. The policy has come at a high economic cost. A new lockdown in Kunshan could threaten electronics production and further snarl ocean and air transport.
Carl Bentzel’s vision for the next-generation supply chain is one that shares public data across transportation modes and anticipates future shocks.
If at first you don’t succeed, switch to plan B.
China’s latest move announcing a phased-in exit of the lockdowns for the eastern part of Shanghai has logistics managers warning clients about the impact it will have on truck deliveries.
Folding five empty shipping containers into the space of one could curb smuggling, save shippers money and reduce emissions.
Companies that have historically treated drayage and other inland transportation services as an afterthought will need to shift this mindset in order to survive in the current maritime environment.
RH confirms sharp drop in demand since Russia-Ukraine war and sees no supply chain relief.
The ports of Corpus Christi, Galveston and Brownsville will receive federal funding to complete ship channel improvement projects aimed at increasing cargo capacity.
The sustained year-over-year gains propel the Georgia Ports Authority to expedite more than $538 million in funding for projects aimed at increasing capacity at the Port of Savannah.
Big companies are finding it increasingly difficult to make big deals that can get regulatory approval in the U.S. and other countries.
Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
Gulf Coast port volumes rose in February, boosted by imports of steel and breakbulk cargo, along with exports of petroleum and crude oil.
“This will limit the capability of factories to deliver containers to the ports,” said one industry consultant.
The new container cranes will enable the terminal to accommodate multiple ultra-large container vessels simultaneously.
U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
More than 20 years after the planning began, the Port of Savannah shipping channel has been deepened to 47 feet at low tide.
Key speakers announced for The Future of Supply Chain.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
The Port of Vancouver handled a record volume of containers in 2021, but the biggest driver was the export of empties headed back to Asia.
Shippers should brace for “skyrocketing haulage costs,” HLS Holding warns.
Cost of shipping crude oil remains cheap, but tanker rates could jump if the war doesn’t end by fall.
If imported adult beverages are your thing, there’s a good chance DHL or J.F. Hillebrand took care of the shipping.
The COVID-19 pandemic highlighted the need for federal, state and local governments to develop inland ports to improve network flows, say stakeholders.
Federal regulators will begin to assess how container lines are serving U.S. exporters.
Ship-position data shows a fleet of LNG carriers en route to Europe amid scramble to bolster energy supply.
The refloating of the container ship stuck in Cheseapeake Bay could be a “long, laborious operation.”
Congestion could go from bad to worse as liners steer a record number of container ships toward East Coast ports.
American Made Chassis, an alliance of LB Steel and Integrated Industries, will build the chassis at an Illinois facility.
Host John Kingston also discusses why retail diesel prices haven’t plummeted with the fall in futures prices.
Maritime authority Lars Jensen says the “reality is that vessels do at times get stuck and this is not an event with major global ramifications.”
“50% of our ocean freight out of these two ports are non-electronic products,” explained Terry Unrein, COO of the Americas for Seko Logistics.
Racing a car at 223 mph is insane and so is the logistics that makes it possible. Get ready for the F1 season.
California ports make progress on bottlenecks, but Chinese lockdowns could spur “hockey stick” import rise.
“Solving the climate emergency and decarbonizing our customers’ supply chains is a strategic imperative for Maersk,” said CEO Soren Skou.
COVID lockdowns haven’t closed Chinese ports yet. If they do, U.S. importers face “shockwave” of higher rates and delays.
The Coast Guard said it is working with the Maryland Department of the Environment to refloat the grounded Ever Forward.
Current CEO Jae Hoon Bae was not mentioned in the announcement that Kyung-bae Kim will succeed him.
A $150 million project at the Port of Brunswick will increase annual capacity to 1.4 million vehicles.
he Houston cold chain facility is scheduled to open in August and be operated by Performance Team, a company Maersk acquired in 2020.
Rising sea levels and increasingly extreme weather are expected to cost ports and shippers billions of dollars annually.
The Alabama State Port Authority will receive $265 million from the 2022 federal spending bill and a $38 million grant from the U.S. Department of Transportation.
Seko Logistics, Worldwide Logistics among those reacting to China’s “zero-COVID” strategy.
Oil companies face a potential profits-versus-people dilemma as a flotilla of tankers carrying Russian oil heads for U.S. ports.
The six companies plan to produce at least 730,000 metric tons of green methanol by the end of 2025.
COVID has been great for container shipping, terrible for cruising. What does this mean to MSC, which is big in both?
SC Ports has seen record container volumes for 12 months straight.
Vessel strikes are a major threat to whales, so better monitoring of their locations could help reduce collisions.
“Africa remains an important strategic growth market. Particularly for our service offering from and to South Africa, DAL is a valuable addition, allowing us to offer our customers a better network and additional port coverage in this region,” said Hapag-Lloyd CEO Rolf Habben Jansen.
Ocean liner Zim will include the Port of Boston in a China-Vietnam trade route.
In general, land-based oil spills are more time-intensive to clean up, but oil spreads out more rapidly in water.
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
Hapag-Lloyd is keeping its guard up after discovering a copy of its website that could have been used to steal the logins of the shipping line’s customers and employees.
“The solution to the nation’s port congestion problem is right here in this room,” CEO Eric Green said during his State of the Port address.
The new facility will reduce wait times and port congestion, according to Transport Canada.
Longshoremen along the U.S. West Coast say they won’t touch any shipments for Russia.
Invasion and price spikes could destroy demand, weaken consumer confidence and curb cargo volumes, warns BIMCO.
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.
Three shipments bound for the Port of Novorossiysk have been canceled.
Arkansas Gov. Asa Hutchinson is a leader in computer science education; Jonathan Hoffman has expertise in national defense.
Companies like ACI Logistix are using this broader approach to delivery as leverage in building their businesses.
Congressional watchdogs are alleging predatory pricing by three major container ship operators and want answers by March 16.
Russia’s invasion of Ukraine has heaped more uncertainty onto the global markets, adding to economic volatility.
Kuehne + Nagel is the biggest air and ocean logistics provider and it’s pushing the right buttons for fast growth.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Transportation Secretary Pete Buttigieg responded to concerns about a lack of truck parking during a Capitol Hill infrastructure hearing.
A FreightWaves roundup of oil markets and other supply chain news related to the Russian invasion of Ukraine.
Pandemic gridlock, the Ever Given, COVID outbreaks, container shortages, flooding, Ukraine. The next shoe to drop: a labor dispute.
The South Atlantic Chassis Pool 3.0, will be ready in October 2023 and will have 60,000 chassis available.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
The Biden administration is backing new legislation aimed at alleged out-of-control market power by foreign ocean carriers.
The Felicity Ace, which caught fire in the Atlantic on Feb. 16, was transporting luxury vehicles to the United States.
Container lines, shipowners and shippers have a new way to navigate the market chaos: cleared freight futures.
FreightWaves is covering the logistics-related fallout from Russia’s invasion of Ukraine from the air to the ground to the sea.
The increase in Suez Canal tolls range between 5%-10% and become effective Tuesday.
