Stay Up to Date on the Cargo Shipping Industry
The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the virus. On top of that, China — one of the world’s largest exporters — was at the center of the pandemic, leading several countries to stop trade with the nation altogether.
According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.
Check back here for the latest container shipping news, updates and trends. Looking for additional information and insights? Check out our Maritime Industry News archives.
The Senate Finance Committee on Thursday afternoon unanimously approved Kevin McAleenan’s confirmation to serve as commissioner of U.S. Customs and Border Protection (CBP), moving the vote to the full Senate […]
Spot container rates from Shanghai to the United States declined since last week, while rates from Shanghai to Europe and the Mediterranean increased slightly, according to the Shanghai Shipping Exchange’s […]
The Boca Raton, Fla.-based pharmaceutical logistics provider established a physical presence in the northeastern United States by signing a lease for a 64,500-square-foot space in South Brunswick, N.J.
AAL appoints commercial manager of its Canada operations; and the Baltic and International Maritime Council’s secretary general and chief executive officer extends his contract to the end of 2022.
While U.S. Customs and Border Protection’s basic responsibilities remain unchanged, agency leadership says CBP will focus on secure trade lanes, next-generation facilitation, intelligent enforcement and resource optimization in the coming […]
Electronic filing of the Foreign Trade Zone (FTZ) admission (e214) transactions and the creation of manufacturer identifications within the Automated Commercial Environment (ACE) system will become mandatory on Dec. 9.
While some U.S. states have relaxed their marijuana laws, the drug remains a prohibited substance under federal law and proposed legalization in Canada could make things much more complicated for […]
The National Customs Brokers and Forwarders Association of America (NCBFAA) has filed a petition with the Federal Communication Commission asking it to reconsider the import responsibilities of customs brokers when […]
U.S. customs brokers are concerned that the industry will need more than the next four weeks to comply with new entry data requirements for the National Oceanic and Atmospheric Administration’s […]
The Office of the U.S. Trade Representative, which participated in the G20’s second meeting of the Global Forum on Steel Excess Capacity in Berlin this week, expressed overall disappointment at […]
Newly appointed Homeland Security Secretary Kirstjen Nielsen announced the formation of new office within the Department of Homeland Security that will focus on keeping weapons of mass destruction and their […]
As a result of the affirmative preliminary determination, Commerce has instructed U.S. Customs and Border Protection (CBP) to begin collecting cash deposits on imports of both CORE and cold-rolled steel […]
The Senate Finance Committee on Thursday afternoon unanimously approved Kevin McAleenan’s confirmation to serve as commissioner of U.S. Customs and Border Protection, moving the vote to the full Senate for […]
The International Longshoremen’s Association (ILA) President Harold Daggett accused employers of seeking to use automation to eliminate dockworker jobs, according to a report from the Journal of Commerce.
Apex Logistics Group, an enterprise shipping and logistics company based in American Fork, Utah, is freight management solutions provider GlobalTranz Enterprises, Inc.’s fourth acquisition so far in 2017.
Formerly one of the top contract carriers for the U.S. Postal Service, Beam Bros Trucking, along with its holding company and four corporate officers, were sentenced for violating Federal Motor […]
The United States saw a boost in beef and pork exports in terms of volumes and value in October compared to 12 months prior, despite lamb export volumes and value […]
COSCO Shipping Holdings’ acquisition of the parent of Hong Kong-based liner carrier Orient Overseas Container Line (OOCL) gained approval from the European Commission, the anti-trust watchdog of the European Union.
The non-profit filed a motion for preliminary injunction on Monday to postpone the project, but a U.S. Army Corps of Engineers spokesperson told American Shipper Wednesday it is still anticipating […]
The fee adjustments at the Port of Vancouver in British Columbia are scheduled to take effect Jan. 1, 2018 and will benefit smaller container trucking companies servicing the western Canadian […]
Massachusetts Port Authority hires new deputy port director of business development; and Simplified Logistics hires chief financial officer and executive vice president of strategy, and executive vice president of sales.
Iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 5.7 million tons in November 2017, a 1.1 percent boost from the same month last year, according to […]
The U.S. trade deficit totaled $48.7 billion in October, an 8.6 percent increase from September, according to the U.S. Commerce Department.
Xeneta forms NVO commercial team; Anacostia Rail Holdings announces marketing and sales appointments; Mohawk Global Logistics names general manager of its Cleveland branch; and the Virginia Maritime Association elects new […]
The Atlanta-based parcel giant has acquired Sandler & Travis Trade Advisory Services, the world’s largest dedicated global trade compliance management firm.
The Postal Regulatory Commission issued a notice of proposed rulemaking on Friday, calling for U.S. Postal Service price increases beyond the rate of inflation.
The Dubai-based port terminal operator acquired an additional 66.67 percent stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil, giving it a 100 percent stake in the terminal, which […]
Licensed customs brokers can begin turning in their 2018 triennial status reports on Dec. 15, with a final deadline for submissions of Feb. 28, 2018, U.S. Customs and Border Protection […]
NFI names senior vice president of global logistics; Swissport International appoints VP head of group communications; and InstaFreight names managing director.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
Global airfreight volumes rose 5.9 percent in October from 12 months prior, while capacity ticked up 3.7 percent, according to the latest data from the International Air Transport Association (IATA).
The planned $11.7 billion sale of Global Logistic Properties (GLP), a Singapore-based provider of logistics facilities, received overwhelming shareholder support on Thursday, according to a statement from the company.
The Berlin-based digital forwarding startup has closed an 8 million euro (U.S. $9.5 million) series A funding round with a private investment company.
The fledgling containership owner and operator (together with its subsidiaries) recorded a profit before taxes of $200,000 on revenues of $7 million for the quarter, according to the company’s most […]
The U.S. Federal Maritime Commission (FMC) has issued a proposed rulemaking that the agency says “expands flexibility and deregulates” Non-Vessel-Operating Common Carrier Service Arrangements (NSAs) and Negotiated Rate Arrangements (NRAs).
The ocean freight rate benchmarking and market intelligence platform said that over 30,000 reefer container rates are available immediately for beta program customers.
Third-party logistics provider Kane Is Able signed a letter of intent to purchase Vintners Logistics, with the deal expected to close in the first quarter of 2018, the company said […]
DHL Global Forwarding has introduced a new online freight quotation and booking service for international airfreight transportation, already making the product available in over 40 countries across the globe.
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is amending its regulations to allow fresh mango fruit imports from Vietnam to enter the continental United States […]
The North American Chassis Pool Cooperative (NACPC) has added 1,200 chassis that will be integrated into its South Atlantic Consolidated Pool and Chicago & Ohio Valley Consolidated Pool common-use and […]
UPS hires chief transformation officer; Canadian Pacific names vice presidents for its three business units within the sales and marketing team; SeaCube Container Leasing names chief commercial officer; and MPC […]
The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA) rose 3.6 percent year-over-year in September, but the future […]
FedEx Express will purchase 50 clean-sheet Cessna SkyCourier 408 aircraft from Textron Aviation, with options to buy up to 50 additional aircraft, the parcel carrier said in a statement.
DHL Supply Chain will test the trucks at its customer operations in major U.S. metro cities, and they will be used for shuttle deliveries and same-day customer deliveries when they […]
A.P. Møller-Maersk appoints members to executive board; ShipMoney selects head of the company’s Scandinavian operations; CRST International names president of CRST’s Logistics Inc.; and the IACSC elects new officers and […]
The U.S. Justice Department will make permanent a program that encourages companies to self-disclose violations of the Foreign Corrupt Practices Act (FCPA), but it’s not a get-of-jail-free pass for wrongdoing.
The autonomous trucking company raised $55 million in a Series C funding round led by Composite Capital, with participation from existing investors Sina and ZP Capital.
The Israeli ocean carrier had a net profit of $25.2 million for the quarter compared to a net loss of $37.6 million for the third quarter of 2016, thanks to […]
The Taiwanese ocean carrier finalized the rights offering of 500 million new shares at 12 new Taiwan dollars per share, cashing in a total of NTD 6 billion (U.S. $200 […]
Air Canada’s agreement with Cargojet will not be extended once it expires at the end of the year, Air Canada Cargo said in a statement.
CMA CGM names chairman of the board; DB Cargo AG appoints chief executive officer; IAG Cargo announces three new executive team appointments; and the Hong Kong Shipowners Association elects new […]
U.S. Customs and Border Protection’s (CBP) agricultural specialists undergo extensive training in order to identify dangerous species and diseases carried on international cargo and prevent them from entering the country.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has placed North Korea’s government agencies in charge of maritime transport, as well as half a dozen North Korean shipping […]
The Icelandic shipping company’s net earnings totaled 8.8 million euros for the quarter, down 6.3 percent from the third quarter of 2016 due to adverse currency exchange fluctuations, but operating […]
The Belgian port authority is gaining ownership and control of 720 kilometers of pipelines through its acquisition of Nationale Maatschappij der Pijpleidingen.
The seasonally adjusted For-Hire Truck Tonnage Index stood at a reading of 147.6 in October, up 3.3 percent from September’s reading of 142.9, according to the American Trucking Associations (ATA).
“The NAFTA renegotiation is a disaster,” said longtime Washington trade attorney Jon Fee to attendees at the Apparel Importers Trade and Transportation Conference in New York this week, “I think […]
North American intermodal pricing in October inched up 1.9 percent from October 2016, marking the thirteenth consecutive month of year-over-year increases, according to the latest Cass Intermodal Price Index.
U.S. Customs and Border Protection will implement various cargo processing fee increases for importers and carriers, effective Jan. 1.
CEVA Logistics names chief operating officer of freight management, and managing director for North America; Roadrunner Transportation Systems appoints board chairman; and ShipServ names business and account director for EMEA.
The Federal Motor Carrier Safety Administration issued a 90-day waiver from the electronic logging device mandate for agricultural commodity transporters after hearing concerns from the agricultural industry, especially with regard […]
The arrival of the block train in France saw the transit time for the 10,815-kilometer journey slashed by 20 days, according to Maersk freight forwarding subsidiary Damco.
Linehaul truckload shipping costs in October increased 5.5 percent from 12 months prior, according to the Cass Truckload Linehaul Index.
Höegh Autoliners names chief executive officer, and the Railway Supply Institute appoints president.
Total Mexican maritime container imports increased 14 percent year-over-year for the third quarter of 2017, while the nation’s maritime container exports slipped 3 percent, according to A.P. Moller-Maersk’s Q3 2017 […]
Container volumes on the trade have increased so far this year compared with the same 2016 period, and Drewry has projected modest growth potential on the trade in 2018.
Glendale Heights, Ill.-based Becker Logistics acquired Savage Logistics, the freight brokerage business of the Savage Companies, on Nov. 1.
The U.S. Federal Maritime Commission (FMC) has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Access Supply Chain Services, San […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Bluesea Logistics Corp., Monterey […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the FMC’s Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Midas International Investments, Laurel, Md. […]
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Carlos B. Sanchez Renner, […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from A&E Logistics, Chicago […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
FMC reviews 12 OTI license applications
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
FMC reviews 12 OTI license applications
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from Barker International, Naperville, Ill. (Peter R. […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
Panalpina’s chief operating officer and executive board member resigns; and MIQ Logistics appoints vice president, global business development.
The Silicon Valley-based freight forwarder will charter its own freighter flight from Hong Kong to Los Angeles this weekend.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The world’s largest container carrier has appointed Omar Shamsie to serve as the new president of Maersk Line in North America, effective Dec. 1.
The country’s agricultural exports totaled $140.5 billion for fiscal year 2017, ending Sept. 30, an increase of $10.9 billion over the previous fiscal year, according to the U.S. Department of […]
The United States Court of Appeals for the District of Columbia Circuit affirmed two National Labor Relations Board (NLRB) decisions that the International Longshore and Warehouse Union broke laws during […]
The U.S. Federal Maritime Commission (FMC) will hold a public hearing related to the Coalition for Fair Port Practices petition at its Washington headquarters on Jan. 16-17.
The new terminal is the first phase of a multi-year project that will boost the North Florida port’s vehicle handling capacity by 25 percent, according to officials from the Jacksonville […]
The less-than-truckload (LTL) carrier launched a new service center in Jackson, Tenn., allowing for direct coverage to all of Western Tennessee.
Many truckers remain unaware that U.S. Customs and Border Protection (CBP) will start requiring automated in-bond filings in late November.
While trade volumes are expected to continue increasing through the rest of the year, the World Trade Organization (WTO) forecasts that the pace of this growth will be slower than […]
