Water levels on the Mississippi River have been rising near Memphis, Tennessee, and that’s good news for barge movements.
Declining ship fuel prices equate to savings for containerized cargo shippers and lower costs for tanker and bulker owners.
GPA will shift breakbulk cargo carried by Wallenius Wilhelmsen Ocean to the Port of Brunswick so that it can “optimize cargo movement” at both the ports at Brunswick and Savannah.
Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.
Three laid-up Mission tankers were enlisted to help get a man on the moon.
GPA is working hard to meet growing demand. To achieve this goal, it has focused on infrastructure improvement and expansion.
Even if no oil moves under price caps, Russian exports could face deep discounts and continue to flow via “shadow tankers.”
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Hopes that China will relax its zero-COVID policy are fading, raising concerns about shipping volume fallout.
Shippers and carriers are increasing the pressure on ports and other supply chain participants to roll out “green corridors” using digital technology.
Gulf Coast ports got a boost in October from imports of steel, plywood and bagged goods, as well as exports of crude oil.
Southern California’s container-ship logjam ends as congestion eases at East and Gulf Coast ports.
New bookings data suggests volume softness is here to stay.
Expeditors’ stock is too high priced, Wells Fargo says, as it cuts its rating to a level tantamount to “sell.”
Ocean carriers have been shielded by lucrative annual contracts with cargo shippers, but contract coverage is starting to crumble.
Stratospheric LNG shipping rates offer a lesson on the do’s and don’ts of measuring earnings momentum.
Global energy trades face even more tumult ahead. “This could get crazy,” says Scorpio Tankers’ Robert Bugbee.
Canadian government official introduces new legislation that represents the culmination of multiyear efforts to address port funding and railway safety needs.
FreightWaves Classics examines storied ocean carrier U.S. Lines, which was persistent in its desire to operate a successful cargo ship named the American Shipper.
Ed Aldridge is retiring from CMA CGM America, and Uffe Ostergaard is leaving Hapag-Lloyd.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
The CEOs of Canadian Pacific and Kansas City Southern on Tuesday talked up the benefits of their railroad consolidation at the RailTrends conference in New York.
The head of Los Angeles’ port is on a worldwide sales blitz, trying to convince shippers and carriers to come back.
Container volumes were up year over year in Savannah and Charleston, while crude oil exports set a record in Corpus Christi.
Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
Nicole is forecast to move through Florida to Georgia on Thursday and then to the Carolinas on Friday.
German shipping and logistics giant Deutsche Post DHL has raised its full-year profit guidance to a record of $8.38 billion.
Imports remain 7% higher than pre-pandemic levels, with volumes steadying last month after September’s plunge.
Revenues and expenses were little changed from last year at Expeditors but profitability rose.
Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club.
The Port of Houston announced it will begin implementing fees for long-dwell containers beginning Dec. 1.
project44 has secured $80 million in funding to create a system to measure supply chain emissions globally.
Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.
Flexport sees lower spot rates giving certain retailers a pricing advantage at the store.
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Most politicians are clueless about supply chains, so it’s a shame when industry veteran Mike Erickson runs for Congress and pins inflation on ocean carriers.
Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.
The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.
Jaxport CEO Eric Green said the $23.5 million grant “marks a milestone in our initiatives to build the port of the future and move cargo in the most efficient and eco-friendly way possible.”
The U.S. Department of Transportation is awarding the Port of Long Beach a $30.1 million grant to replace diesel yard tractors with zero-emissions cargo-handling equipment.
Last week saw a number of updates on port infrastructure funding and terminal project statuses.
DOT should consider trucking and other supply chain costs in its push to expand off-site and inland container facilities, transportation executives caution.
Maersk is a giant in the ocean shipping industry. It is also heavily investing to grow its all-cargo airline.
Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.
Ocean carrier contracts and carriers’ ability to make a profit are put to the test in a proposed rule, according to reaction from shippers and carriers.
Kuehne+Nagel is the largest logistics company in the world. It sees opportunities to capture more business as shipping demand falls.
The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.
Barge movement on the Mississippi River continues to be impaired by low-water levels with no end in sight.
Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the “bullwhip effect,” rates and global trade.
FreightWaves founder and CEO Craig Fuller provides insight into 2022’s peak season.
“At MSC, we want to continue to improve towage service efficiency and expand Rimorchiatori Mediterranei, building on the impressive work of the Genoese families that have developed the company the past 100 years,” MSC CEO Soren Toft said.
Shipping lines face a minefield of surging capacity and sinking demand, but there is a path to safety, claims one industry expert.
South Florida Container Terminal has ordered 12 electric, emission-free, rubber-tired gantry cranes and welcomed the launch of CMA CGM’s Medgulf service at PortMiami.
Southern California ports are being hit by double-digit import drops as the COVID-19 cargo boom winds down.
As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
The South Carolina Ports Authority will join other major East Coast ports in providing near-dock rail via the planned Navy Base Intermodal Facility at the Port of Charleston.
Port Houston reported a 26% year-over-year increase in cargo volume in September.
An overview of Day 1 of F3: Future of Freight Festival.
An overview of F3: Future of Freight Festival and the key speakers.
Declining imports have led to fewer container ships waiting off ports, injecting more capacity into the market, a negative for spot rates.
Supply chain planners will walk a precarious path in 2023, according to S&P Global transportation expert Paul Bingham.
Maersk, a major container shipping line, is set to debut its U.S. air cargo service and has focused its resources on the Chicago area.
Although Hurricane Ian dented volumes at Georgia’s ports, Georgia Ports Authority still saw quarterly volumes grow by 9.6% year over year.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
Despite reports that U.S. imports are slowing down, South Carolina Ports reported a nearly 11% increase in overall volumes in September year over year.
Port Houston recently ordered 29 container cranes for a total of $106.1 million.
Demand for Asian goods began dropping earlier this year. This is now having a delayed — and highly negative — effect on U.S. imports.
Ocean carriers will be subject to stricter requirements when they charge shippers fees on late containers if a proposed rule is adopted.
Major ocean carriers are likely to survive the ongoing dip in shipping rates. But other companies may soon struggle.
Shipping adheres to a time-honored tradition: When shipowners make exceptionally high profits, they order a lot of new vessels. When those newbuilds are delivered by the yards, it kills shipowners’ […]
Radiant Logistics will restate financial results for 2021 and the first three quarters of 2022, according to a filing with the Securities and Exchange Commission.
CEO Rolf Habben Jansen said the SM SAAM S.A. acquisition is part of Hapag-Lloyd’s strategy to build “a robust and attractive terminal portfolio.”
With war raging and pipelines sabotaged, shippers are paying astronomical sums to transport LNG across the oceans.
A bipartisan proposal increases minimum tonnages for agricultural products exported by the U.S. government.
The ports of Halifax and Saint John in Atlantic Canada seek opportunities to bolster volumes and greening efforts.
BNSF is planning to invest more than $1.5 billion to develop a Southern California facility aimed at easing congestion at the West Coast ports.
Measures of supply chain bottlenecks, cargo transit times, bookings and spot rates are all down, yet inflation remains historically high.
Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.
Steamship lines sometimes offer an included chassis for trucking companies. Similarly, non-vessel operating common carriers sometimes offer a chassis program linked to the chassis pools for their carrier partners. While these offers may sound attractive, is a typical “chassis deal” really a deal at all?
Hurricane Ian came ashore in Fort Myers, Florida, just before noon Wednesday. Transportation is starting to feel the impact, with road and port closures in effect.
The Biden administration has approved a controversial Jones Act waiver for Puerto Rico in the wake of Hurricane Fiona.
The EU is going to ban imports of Russian crude and petroleum products. It still has a long way to go to find replacement supplies.
Port officials and carriers prepare for hurricanes and other emergency situations year-round.
The Georgia Ports Authority’s board on Tuesday agreed to spend $60 million on further development at the Colonel’s Island Terminal.
The U.S. Coast Guard has closed three key ports around the Tampa Bay area in anticipation of Hurricane Ian’s landfall.
The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
Mediterranean Shipping Co. is taking to the skies with a new cargo airline, following on the heels of other ocean shipping lines with air divisions.
The hurricane could hit central Florida later this week, causing Tampa-area port facilities to brace for Ian’s impact.
The ports of Halifax and Saint John are taking steps to protect operations as Hurricane Fiona approaches Atlantic Canada.
East and Gulf coast ports handled more volume than ever before in August, pulling far ahead of West Coast rivals.
Retailers are coming together to send demand signals for zero-carbon shipping fuels.
FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.
The ports of Halifax and Saint John could be affected by Hurricane Fiona.
The Port of Manzanillo has resumed operations after a 7.7 magnitude earthquake rocked Mexico’s Pacific Coast region Monday.
Container lines are pulling back fast from the ship-leasing market, signaling less confidence in future freight income.
A 7.7 magnitude earthquake rocked Mexico’s Pacific Coast region, where the country’s largest container port is located.
Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.
Crowley Maritime’s Isla Grande Terminal suffered no significant damage when Hurricane Fiona hit Puerto Rico on Sunday.
