Angela Chao, CEO of global shipping firm Foremost Group and Mitch McConnell’s sister-in-law, died in a car accident.
Houthiville and Mother-in-law Nature are making international logistics a visit to the eyeball surgeon before modern painkiller.
How do you spend $41 billion without buying more ships?
Despite concerns about the impact of international tensions on global trade, shipyards are flooded with orders.
A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023’s anemic performance.
Hopes for a significant rebound in Panama Canal water levels to boost throughput will likely be met with a harsh reality over the next few months.
Tankers and bulk vessels continue to avoid conflict in the Red Sea, at increasing rates, according to new data from Lloyd’s List Intelligence.
Lower inventories in the U.S. are pulling freight into the country.
Georgia Ports Authority announced plans to construct a $29 million overpass to keep trucks away from neighborhoods in Savannah.
If the Fed is deterred from cutting interest rates, freight demand could tumble just as carriers start regaining pricing power.
A recent round of U.S. and British strikes raise fresh questions about the impact of container shipping in the Red Sea.
Seacor Holdings continues to pare down its shipping sector assets, most recently selling off its Caribbean container business.
Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry.
Retailers and ocean carriers assess the possible effects in the U.S. if supply chain disruptions in the Middle East continue.
The Russia-Ukraine war led to enduring changes in shipping routes. War in the Middle East looks likely to do the same.
Ports in Corpus Christi, Texas, and New Orleans recorded year-over-year increases in cargo volumes, while Port Houston saw a slight decline in 2023.
Spot rates remain very high, but appear to have plateaued. The question ahead: Will they fall back after Chinese New Year?
Mexico’s Isthmus of Tehuantepec rail corridor could complement container movements along the Panama Canal.
As many are predicting another shift in the second half of the year, the co-founder of Sifted has advice for both carriers and shippers moving into 2024.
The initial effect of Houthi attacks was on containerized consumer goods. The attacks are now snarling seaborne fuel flows.
The Port of New Orleans has received a $226 million federal grant to complete the $1.8 billion Louisiana International Terminal on the lower Mississippi.
Amid the focus on wars in Europe and the Middle East, North Korea’s threat to key exporting and shipbuilding nations grows.
Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
Container-ship diversions from the Red Sea will likely last for months. Are large-scale tanker diversions imminent?
ITS Logistics is entering this digital arena with its container management and visibility platform ContainerAI.
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
Two crew members died and another was injured after an early morning fire aboard a container ship at Port Houston.
project44 has consistently worked to bring greater transparency and visibility to the ocean sector, launching a suite of solutions powered by AI and machine learning.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
As the Houthis disrupt Red Sea trade, we’re seeing how fragile our supply chains are (again).
Red Sea escalation would juice tanker rates, but rates would fall if the conflict spilled into the Strait of Hormuz.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.
The conflict in the Middle East may have late-year implications for the domestic transportation market.
The combination of Red Sea detours and Panama Canal restrictions is having a knock-on effect: higher Asia-West Coast rates.
White House spokesman John Kirby said shipping risks caused by the Middle East conflict could become a “pocketbook” issue for Americans.
Genesee & Wyoming announced a partnership with Grupo Mexico to expand rail car-ferry service between ports in the U.S. and Mexico.
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
Tanker stocks rose as expected in 2023, container shipping shares surprised to the upside, and dry bulk stocks lagged the pack.
Cargo volumes at the Port of New York and New Jersey were 7.5% higher than November 2019 but 11% lower year over year.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.
Labor peace was won at what will be higher costs for shippers and carriers.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
Importers and exporters are looking to air cargo as a way to bypass the dangerous Red Sea and minimize supply chain disruptions.
Mexican officials recently approved a $5 charge on containers moving through the Port of Ensenada.
The Port of New Orleans is receiving a $73.77 million federal grant to assist in building the $1.8 billion Louisiana International Terminal.
Container ships have forsaken the Red Sea route but many bulk commodity vessels continue to transit the danger zone.
Cargo volumes were a mixed bag at Gulf Coast ports in November, with Houston reporting declines and New Orleans and Corpus Christi seeing gains.
A growing number of ship operators are refusing to transit the Red Sea and taking a very long detour around Africa instead.
Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.
Panama’s drought initially affected transits through the smaller locks. The pain has now spread to the larger Neopanamax locks.
The threat to global shipping has grown following a Tuesday attack against a commercial vessel in the Red Sea with no apparent ties to Israel.
Greg Miller of FreightWaves took a top prize at this year’s Seahorse Awards for his coverage of how geopolitics intersects with shipping.
As war rages in Europe and the Middle East, a new flashpoint in South America could pose more complications for shipping.
Next year, U.S. importers must navigate canal restrictions, diversions from the Red Sea, more canceled sailings and, possibly, a port strike.
Imports have held up surprisingly well this year, but peak season’s end and canal restrictions are finally curbing volumes.
Maritime security firm Ambrey has expanded an advisory to vessels in the Red Sea and Gulf of Aden, warning that rebels could be using outdated data to plan attacks.
Hydrogen as a fuel is being used in a San Francisco ferry and now it has money to go farther.
U.S. crude exports have never been higher. Overseas buyers are incentivizing American producers to pump more “black gold.”
Commodity shipping has a well-deserved reputation for extreme volatility. The rise and expected fall in dry bulk is a case in point.
Attacks on commercial vessels in the Red Sea by Houthis militants could impact global trade.
U.S. diesel exports to South America’s west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed.
As the Panama Canal scales back on reservation slots, more ships without reservations wait longer to get through.
Union Pacific is seeking to beef up its intermodal offerings via a terminal in Phoenix and the addition of destinations for its on-dock rail service at Port Houston.
MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged damages suffered during the supply chain crisis.
There has been a surge of attacks and threats targeting Israel-linked ships, including one incident where the U.S. Navy came to the rescue.
The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships.
This week in Borderlands: Eternity Group Mexico unveils a tool for shippers to monitor their carbon footprints; Finkargo closes a $20 million Series A funding round; cargo-partner launches a cross-border shipping solution; and SKU Distribution receives foreign trade zone status for its Arizona warehouse.
Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.
Mother Nature isn’t delivering significantly more water to the Mississippi but barge rates haven’t moved up.
Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
Belgium-based logistics provider Katoen Natie is expanding warehousing and rail facilities at its Norfolk, Virginia, operations, to support the export market for plastic resins.
Freight flows declined in Houston and Corpus Christi, Texas, in October, while container volumes rose at the Port of New Orleans.
Terminal operator ICTSI has not given up its quest for tens of millions in damages from the West Coast longshore union.
Despite a 22% volume decline year over year, the Port of Savannah had its fourth-busiest October, according to the Georgia Ports Authority.
The era of rapid Chinese growth and large-scale government intervention is over, says China Beige Book CEO Leland Miller.
Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
Project freight forwarder deugro has opened a container terminal in Baytown, Texas, along the Houston Ship Channel.
A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.
U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.
Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.
Canadian railway CN, the Mississippi State Port Authority and Ports America have signed a memorandum of understanding for an intermodal service at the Port of Gulfport.
Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.
The union representing East and Gulf Coast dockworkers warned members to prepare for a possible strike starting Oct. 1, 2024.
“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.
The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.
Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.
Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.
Cargo volumes showed mixed results for Gulf Coast ports in September, with Houston reporting container declines, New Orleans seeing gains and Corpus Christi getting a boost from crude oil shipments.
“The table is set to scale up as demand increases,” said Port of LA Executive Director Gene Seroka.
The Prince Rupert Port Authority is starting construction on a project that will increase rail-to-container transloading at the Canadian port, particularly for agricultural, forestry and plastic resin products.
Soy Transportation Coalition director says farmers diverting product from weak export market.
“We look forward to a moderate rebound in cargo volume through the end of the year,” said Port of Long Beach CEO Mario Cordero.
Officials from Nexxiot and Deloitte talk with FreightWaves in this Q&A about how combining data on container movements and a container’s financial streams can help ward off illicit trade.
Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.
Canadian Pacific Kansas City and CSX are seeking approval from the Surface Transportation Board to acquire some of the assets of short line Meridian & Bigbee Railroad. They plan to beef up an Alabama interchange as part of an effort to create a Mexico-Southeast corridor.
A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.
