Containerized imports are rising seasonally, as expected. This year is on track to top pre-pandemic volumes by low single digits.
We are now in peak season and, as all logistics data has shown, it is not going to be stellar.
Expeditors had a second-quarter financial performance that might be expected from a company active in the air and ocean freight markets.
Cargo operations at a Texas border port were temporarily delayed Tuesday by an influx of migrants.
DOT and MarAd are moving on a new database aimed at preventing vessel collisions.
Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.
After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.
Mediterranean Shipping Co., the largest ocean carrier in the world, is expanding its fledgling air cargo airline with an acquisition.
Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.
The day after CEO Dave Bozeman’s first call with analysts, they weighed in on the company’s outlook.
Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.
Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.
Requiring container ship operators to file an export policy would be too costly — and unlawful as well, carriers tell regulators.
“It is extremely difficult to announce a reasonable business forecast at this time,” said ONE, citing container shipping market uncertainties.
Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
Cargo volumes were a mixed bag for Gulf Coast ports in June, with Houston reporting container declines, while crude oil shipments boosted Corpus Christi.
A decline in loaded import volumes pulled the Georgia Ports Authority’s overall 2023 volumes lower.
After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.
Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
Mediterranean Shipping Co. is part of a new breed of ocean carriers trying their hand as cargo airlines.
Shipowners have invested billions in the LNG fuel option in the belief that it will benefit regulatory compliance and the environment.
Fiscal year 2023 volumes tracked more with 2021 volumes than with 2022, which had experienced an unprecedented cargo boom, according to South Carolina Ports.
U.S. rail imports from Vancouver and Prince Rupert are imperiled again. ILWU Canada has rejected the proposed dockworkers contract.
Shipping stocks in sectors with high deliveries of new ships are doing better than those with low orderbooks.
The National Defense Authorization Act amendment is aimed at blocking China’s ability to monitor U.S. container flows.
Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises.
Now that the labor strike at Canada’s ports is over, it’s time to take a look at the delays it created.
The extended strike in western Canada was beginning to affect U.S. supply chains. Its resolution limits the fallout.
Sulfur pollution addressed by IMO 2020 created a health risk, but that pollution had a cooling effect, which has now been reduced.
The agreement should keep tanker and bulker orders in check, while increasing the risk of a future carbon tax on container shippers.
June volumes of containerized imports were higher than normal and the National Retail Federation predicts more gains ahead.
U.S. imports via Canadian ports face rising fallout as the war of words escalates between dockworkers and employers.
New Jersey container imports are unscathed “so far” but the port’s automobile trade faces fallout from the ongoing fire.
As the labor strike continues at the ports of Vancouver and Prince Rupert, Class I railroads are taking steps to ensure that their networks face minimal disruptions.
Two New Jersey firefighters died fighting a blaze aboard the Grimaldi car carrier Grande Costa d’Avorio at Port Newark on Wednesday night.
More than 7,400 dockworkers in Canada remain on strike Wednesday after labor contract negotiations with their employer have stalled.
More than 7,400 dockworkers have gone on strike in Canada, potentially causing disruptions at ports in Vancouver and Prince Rupert.
A new report is highlighting the contributions of seafarers and how these unsung heroes of the sea help boost gross domestic product.
Sluggish demand is capping shipping lines’ income. In response, at least one carrier is reportedly moving to limit losses on legacy charters.
These new API offers from p44 represent the next step in supply chain connectivity, paving the way to a more transparent and collaborative future.
Houston saw lower container traffic in May, while freight flows rose in New Orleans and Corpus Christi, Texas.
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects.
The Wagner mutiny is drawing attention to what happens after the war in Ukraine ends. When it does, shipping will see major changes.
The Port of Cleveland thinks it has the capabilities to grow its footprint.
Concerns over highly dilutive share offerings by microcap shipowners have been building for years. The debate just intensified.
Trans-Pacific spot shipping rates remain under pressure, slumping back again as U.S. import demand comes up short.
The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand.
Data shows that some ships are still delayed after a tentative West Coast port labor agreement was reached this week.
Common misconceptions around data quality and connectivity stand in the way of maximizing value from visibility solutions and improving overall supply chain performance.
The U.S. supply chain has dodged a bullet. A new dockworker labor deal will keep the peace at West Coast ports.
Demand for global supply chain visibility tools is forecast to hit $39B by 2028.
“Patience is wearing thin. Neither side imagined it would take this long,” says the head of the Port of LA on dockworker contract talks.
Mainstream European tanker owners that are willing to load Russian oil are far outperforming the broader market.
Descartes MacroPoint’s ocean visibility product brings data together in an accessible way that previously was not possible, providing transparency into data and locations during the whole ocean shipping process.
This year’s peak season could see West Coast labor disruptions coincide with Panama Canal water levels impeding cargo flows to the East Coast.
Dockworkers who keep West Coast cargo flowing are highly paid. Their bid for even higher pay is starting to affect the cargo flow.
The Mexican government is offering incentives to attract investors to the Isthmus of Tehuantepec global trade hub project.
Demand remains tepid, yet shipping lines have pushed spot rates off the bottom and secured contract rates above spot levels.
The dockworkers’ union and terminal employers are still sparring over wages and benefits more than a year after contract talks began.
This week in Borderlands: Texas seaport completes a $146 million container terminal expansion; a chemical logistics provider expands its Arizona operations; Bollore Logistics opens a supply chain facility in Mexico; and border agents seize $38 million worth of meth hidden in a kale shipment.
Five years after bringing dry bulk freight futures to the masses, Breakwave makes a splash in tanker investing.
Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills.
Union Pacific’s expanded service allows ocean carriers and BCOs to utilize on-dock rail at the Barbours Cut Container Terminal at Port Houston.
Despite a slow Memorial Day start, summer demand is expected to hike tanker rates in the months ahead.
The Port of Corpus Christi has named Kent Britton interim CEO to lead the South Texas port until a permanent chief executive is found.
Canadian Pacific Kansas City is adding 1,000 refrigerated intermodal containers to its Mexico railroad business.
Container volume at ports in Houston and New Orleans fell in April, while Corpus Christi was bolstered by crude oil exports.
Not all cargo markets are back to pre-COVID “normal.” Container shipping rates to South America remain elevated.
Large liquefied petroleum gas tankers are riding high on rising U.S. exports and higher Chinese import demand.
More signs are surfacing that the second half of the year won’t be a panacea to the international freight recession. Seko Logistics says there won’t be a surge in orders that fuels transportation spending.
Bed Bath & Beyond “failed to manage its own supply chain” and “exacerbated the bottlenecks faced by other shippers,” alleges OOCL.
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
Trans-Pacific spot rates have pared earlier gains and remain at loss-making levels. Demand has yet to rebound.
An annual survey from Descartes shows how brokers and forwarders are adjusting to the downside of the cycle.
Port CEO’s resignation came a day after a story aired on a local TV station about his alleged excessive expenditures.
Europe faced a potentially disastrous energy shortage after war broke out. LNG shipping played a vital role in limiting the fallout.
Outsize profits are still flowing to companies like Danaos and Costamare that lease ships to container lines.
The container shipping party is over — that’s old news. Yet headlines continue to focus on comparisons to the peak.
It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone.
A group representing the nation’s largest container ports contends lawmakers are misleading the public with a bill targeting Chinese-made container cranes.
The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
Is the sharp decline in shipping stocks a canary in the coal mine or an opportunity for investors to buy the dip?
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
America’s imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.
The war has stoked fears of global shortfalls of wheat, corn and fertilizers, but the flexibility of shipping trades has limited the risk.
Shippers want Congress to expand FMC’s power over rail storage fees, but shipping lines say the power is already in the hands of the STB.
Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
The softer markets in air and ocean freight are directly visible in Expeditors’ first-quarter earnings.
Maritime and logistics services company Crowley and Canadian railway CN have joined in a new service that will connect Canada, the Midwest and the Gulf Coast of Mexico.
The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Further downside risks to the U.S. economy make the odds of a rebound in containerized import volumes unlikely.
Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
Cargo flow fell slightly at ports in Houston and New Orleans in March but increased at the Port of Corpus Christi in South Texas.
The Biden administration has opened the first round of a $400 million, five-year grant program to clear truck pollution at seaports.
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
