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Chris Gillis Monday, November 20, 2017

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. […]

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FreightWaves Staff Friday, November 17, 2017

SCFI slips 6.1%

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).

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John Paul Hampstead Monday, November 13, 2017

Panama Canal expansion pits east coast vs. west coast

Asian shippers are siding with the Notorious B.I.G.’s declaration of regional loyalty from the 1997 hit “Goin’ Back to Cali”: “If I got to choose a coast, I got to choose the East.” The expansion of the Panama Canal that doubled its capacity has started shifting freight to east coast ports, which have invested billions in dredging, construction, and equipment purchases to take advantage of the increased flow.

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FreightWaves Staff Saturday, November 11, 2017

Uber eyes the skies

Despite skeptics insisting on calling it an electrical airplane, Uber would rather call its latest prototypes Vertical Take-Off and Landing (VTOL) vehicles. Jalopnik has just reported the ride-hailing innovator’s deal with NASA to develop VTOLs. Tests are expected to start by 2020.

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FreightWaves Staff Friday, November 10, 2017

Rise of spot rates shifts pricing power to carriers and away from brokers

For the first time since DAT began reporting its data in the current format, the monthly spot rate has exceeded the contract rate at the same time in all three modes.  And the latest DAT Trucking Freight Barometers are continuing to signal that the ‘fall surge’ is happening for the first time since 2007.  Now is a good time to have secured capacity and a bad time to be locked into contract rates.

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FreightWaves Staff Friday, November 10, 2017

SCFI drops 4.5%

Spot container rates from Shanghai to Europe declined 6.5 percent since last Friday, while rates from Shanghai to the Mediterranean fell 6.2 percent, according to the Shanghai Shipping Exchange’s Shanghai […]

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