Some are questioning President Biden’s pick to lead the Maritime Administration for a lack of commercial shipping experience.
The Biden administration is pushing industry to take immediate and long-term steps to get ports and intermodal transport working smoothly.
More public shipping companies go private as IPOs remain rare. Here’s why exits outpace new listings.
A top Biden administration official believes securing data among supply chain competitors will be the key to rolling out a nationwide 24/7 strategy.
For the time being, two ocean services will not call Georgia’s busy Port of Savannah.
Liner deals in the ship-leasing market imply strong confidence in high freight rates for the foreseeable future.
The transportation industry needs to transition to cleaner fuels to keep global temperature rise below 1.5 degrees Celsius. Green hydrogen-based fuels have potential to decarbonize shipping, aviation and long-haul trucking, according to recent reports.
Supply chain constraints are keeping a lid on freight volumes while rates continue to reach new highs, according to September data from Cass Information Systems.
“The growth we’re seeing is not artificial, and the movement of loaded and empty containers is up, for both exports and imports.”
Big-box retailers, FedEx and UPS have detailed plans to speed up container processing at the ports of Los Angeles and Long Beach.
Ahead of talks with President Biden, the ILWU is calling out foreign carriers’ focus on profits as a hurdle to solving supply chain disruptions.
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
“By investing more than $2 billion in port infrastructure in recent years, we have the capacity to handle the influx of imports we are seeing today,” says SCPA CEO Jim Newsome.
‘We have one of the world’s greatest waterway networks, but we are barely using it.”
Pullback in trans-Pacific shipping rates: beginning of the end or brief reprieve with end still not in sight?
“This record result was achieved despite severe congestion around the network,” says the Hong Kong ocean carrier.
Despite Ikea’s many climate-related goals, Ship It Zero is calling out the Swedish retailer and other major players such as Amazon and Walmart via “die-ins” to highlight shipping emissions’ impacts on human and environmental health.
New forecasts from the National Retail Federation call for retail imports to stay high through at least February.
Cost of fuel consumed by container ships, bulkers and tankers is effectively at a seven-year high.
The German titan reports solid performances from its Express, Forwarding, Supply Chain and eCommerce units
Yes, despite the headaches, the ocean carriers are making boatloads of money.
Officials say a proposed inland port near where the Mississippi and Ohio rivers meet will have ample capacity to serve Midwest customers seeking export access via barge, rail and truck.
If you thought President Joe Biden would quickly reverse Trump’s controversial trade policy toward China, guess again. U.S. importers aren’t happy.
Captured carbon dioxide and green hydrogen are combined to make e-methanol. Sweden-based Liquid Wind has big plans for this alternative shipping fuel.
The ongoing supply chain crisis and lack of seafarers is leading to a global shortage of key commodities, Salvatore R. Mercogliano, an associate professor of history at Campbell University, told FreightWaves’ Anthony Smith at the virtual OceanWaves Summit on Wednesday.
Ports around the world often suffer from digital communication blackouts, inhibiting the real-time tracking of trade flows.
Shipping Asia-U.S. via regular ocean service and rail? “I would bet your goods will not arrive in time for Christmas,” says Flexport’s Nerijus Poskus.
FreightWaves’ Anthony Smith talks about the ways shippers are building reliant supply chains with Nate Shutes, VP of global fulfillment and logistics at Blu Dot, during FreightWaves’ OceanWaves Summit.
NYSHEX can help untrusting shippers and carriers find common ground to improve contract performance.
Ports and inland transportation connections are choking on ocean imports. A top economist says don’t blame ocean carriers.
The NS terminal will serve “strong growth in the Louisville intermodal market.”
Amazon aggregator Perch’s international transportation manager John Esborn explains how the company secures shipping capacity during FreightWaves’ OceanWaves Summit.
Los Angeles is at the front line of the port congestion crisis. Its executive director outlines his strategy to clear anchorages.
“If I’m optimistic, you’re looking six months into the future” before congestion and capacity challenges start to subside, says Vespucci Maritime CEO Lars Jensen.
How will public view ships anchored off Los Angeles/Long Beach if one of them is tied to Huntington Beach spill?
Capesize bulkers haven’t earned this much since 2009, and freight futures just made “monstrous” move up.
The Sustainable Shipping Initiative’s recent report on marine fuels urges the inclusion of all aspects of sustainability, such as air quality, human rights, water, social equity, land use and of course, greenhouse gas emissions.
Third-party logistics provider Unique Logistics filed for a public offering, which is expected to raise at least $35.5 million in net proceeds.
There are two ways to transport goods overseas: ocean or air. Port congestion and shipping delays are forcing companies to shift to faster air transport, which releases more emissions, costs more per unit and has its own capacity constraints.
With no end in sight for global supply chain crisis, importers warned to brace for high costs throughout next year.
According to customs data, the share of empty exports to total exports leaving the Port of Los Angeles is up over 10% and leaving at a faster rate compared to pre-pandemic levels.
FreightWaves founder and CEO Craig Fuller analyzes inflation in the supply chain.
Containerized exports continue to struggle but overall, U.S. exports are rising. Sales are at record levels for some commodities.
“The major thing that a port can do to positively influence its emissions is to make sure trucks get in and out fast,” said Newsome.
With disruptions likely to linger well into 2022, intermodal equipment provider DCLI sees the labor shortfall as the biggest hurdle in the supply chain.
Houston-based Great Lakes Dredge & Dock Co. has been awarded a $139 million contract to work on the third phase of the Port of Corpus Christi ship channel improvement project.
The Canada Pension Plan Investment Board has agreed to become the owner of the largest U.S. terminal operator, Ports America, in a deal with Oaktree Capital Management
Freight Farms is turning shipping containers into productive farms that require only 5 gallons of water per day.
Dead spots are plaguing the flow of trade within the nucleus of their port bubbles. One wrong step at the Port of Los Angeles and your cellphone call could drop.
The East Coast ports of Savannah and Jacksonville are adding more container capacity amid long-term plans to serve as an alternative to West Coast ports.
Port Houston officials said they successfully defended the port against an attempted hack in August and “no operational data or systems were impacted.”
As some Chinese factories go dark, more delays for container imports but bullish sign for coal, LNG and oil shipping.
Costco is going boating. Unwilling to wait for space on commercial vessels, it is now renting its own ships to haul exports from Asia.
Trans-Pacific traffic snarl is bicoastal: More container ships waiting off Shanghai and Ningbo than Southern California.
Can collecting carbon dioxide from ambient air combined with renewable energy create a cost-competitive, scalable, carbon-neutral fuel? Maersk is betting on it.
Port of New Orleans recorded mix results during August, which officials attributed to global supply chain issues.
Green shipping technology and fuels are costly and could remain that way until economies of scale and innovation advance — something that many shipping companies say will require government regulations.
One of the largest container terminals in Southern California is testing a system for 24-hour cargo pickup.
Southern California ports would need two weeks with zero vessel arrivals to clear logjam — but the ships keep coming.
Port Houston saw a spike in imports and exports of steel and imports of general cargo during the month.
Dry bulk shares suffer double-digit declines, with tanker and container stocks also caught up in the sell-off.
Shelton, Connecticut-based 3G provides TMS solutions and advanced multi-carrier shipping software.
Supply chains are melting down and the ports of Los Angeles and Long Beach are taking steps to ease truck delays.
A National Labor Relations Board judge ruled the International Longshoremen’s Association cannot force the use of union labor at the Port of Charleston’s new Leatherman Terminal.
Ports across southeast Louisiana jointly submitted a request to President Joe Biden for federal aid.
Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.
The port recently added more Asia vessel calls as more shippers seek uncongested gateways servicing North American markets.
Supply chain crisis deepens as more imports snared in historic ship queue off Los Angeles/Long Beach.
Ocean carrier detention and demurrage practices will be the target of an upcoming proposed rule from the Federal Maritime Commission.
“The NTSB determined the probable cause of the capsizing of the Golden Ray was the chief officer’s error entering ballast quantities into the stability calculation program.”
The Department of Transportation seeks “practical solutions” from the freight industry to alleviate container shortages and supply chain chokepoints.
Container ships named The Brady, The Belichick and The Gronk just sold for six to eight times their purchase price, spurring a nine-figure payday.
August was a record month for the Port of Virginia in Norfolk, and the trend of higher year-over-year volumes could persist through the rest of 2021 as peak season approaches.
The Ever Ace is at nearly 24,000 TEUs, but ports may not be able to handle that much capacity.
Nicholas made landfall as a Category 1 hurricane in Texas Tuesday morning, bringing high winds and torrential rainfall.
Dry bulk and LNG shipping stocks now at 52-week peaks with container stocks not far from the top.
U.S. agribusiness exporters claim they are poised to lose 22% of sales due to massive increases in container shipping rates.
Container terminals will cease ingate operations and remain closed through Tuesday morning.
Demand for container ships is so extreme that some operators are paying unprecedented sums to rent them.
Two of China’s main ports are preparing for the arrival of Typhoon Chanthu, which could slam Taiwan first.
Container volumes were “strong” in August amid continued retail import volume growth at the Port of Charleston, the South Carolina Ports Authority said.
Radiant Logistics announced it closed its fiscal year in record fashion on Thursday. The company will repurchase shares and pursue acquisitions as a means of boosting valuation.
An FMC advisory committee has been formed amid ongoing shipper complaints of carrier market power abuse.
In unprecedented move, CMA CGM unilaterally halts rate increases until February amid rising global supply chain chaos.
The Port of Long Beach has broken monthly cargo records 13 of the past 14 months.
Recent earnings reports from retailers exhibited improved inventory positions compared to a year ago. However, the comps show merchandise levels are still lagging sales by a wide margin.
The Vancouver transload facility will primarily handle fast-moving consumer goods and auto parts.
The maritime meeting among trade partners comes as container shipping remains hot.
Maersk is adding bio-methanol to its portfolio of green marine fuels after making e-methanol and methanol-powered vessel agreements in August.
Port of Los Angeles Executive Director Gene Seroka has been named the 2021 recipient of the Containerization & Intermodal Institute’s top honor.
Deputy U.S. Commerce Secretary Don Graves joined port officials to discuss the importance of trade, infrastructure funding, lowering tariffs and job creation in Washington state.
Plans for the Louisiana International Terminal call for a 350-acre container facility capable of handling 2 million twenty-foot equivalent units annually.
Port officials are still assessing Hurricane Ida’s impact, but initial reports indicate no major damage to the facilities.
New details on record 2019 cocaine haul aboard MSC Gayane — which may not have been the first run — as U.S. wraps up convictions.
Halloween is among the most popular holidays in America, so the horrific congestion this year is no treat for the nation’s supply chain.
Virginia’s competitive advantages: a naturally deep harbor, semi-automated terminals and its own, newer chassis pool.
Cosco and MSC fight back against accusations that they inflated rates, violated contracts and broke U.S. law.
More container ships are stuck at anchor off California than ever before. The gridlock is about to get even worse.
C.H. Robinson announces a drayage surcharge at most of the nation’s biggest container ports as international drayage carriers have implemented congestion fees.
Discount chain Dollar Tree expects the positive impact from heightened consumer demand to be totally offset by elevated transportation expenses this year.
