What trade war? US imports from China are booming
U.S. importers turn to Chinese sellers in the wake of COVID.
The global shipping industry is constantly evolving, and the COVID-19 pandemic began a marked shift in how container shipping operates. Disruption caused by the pandemic has forced the industry to expand its capacity and reduce costs to remain profitable.
At the peak of the pandemic, containers essentially stopped moving. As manufacturers went into lockdown and closed factories, many of the containers used to ship those manufactured goods were left stranded at ports or storage depots, where they weren’t needed. Simultaneously, freight shippers were reducing the number of vessels in use due to the manufacturing slowdown. This limited global shipping capacity and disrupted the worldwide flow of containers and goods. As a result, some regions were left with an excess of stored containers, while other places were left with no containers at all.
As the pandemic slowed and the global economy began to rebound, labor shortages and congestion at ports have left many of these stored containers stuck where they aren’t needed. Now, instead of a shortage of shipping containers, the industry is dealing with too many. Many container storage depots are turning away new clients due to lack of space, and some shippers are even giving containers away to make room. Blank and cancelled sailings are increasing as well, as shippers decide to skip a port or cancel a trip altogether in order to manage changes in demand and capacity.
Check back here for the latest news and insights on the state of the container shipping industry. You can also visit our maritime news archive to learn more about cargo shipping, or our American Shipper archive for air cargo shipping industry news.
U.S. importers turn to Chinese sellers in the wake of COVID.
Good news: Ocean volumes are recovering from COVID.
Q2 EBITDA increases 53.7% and operating cash flow jumps 86.9%.
The American Trucking Associations’ Intermodal Motor Carriers Conference seeks to put an end to alleged price manipulation of container chassis usage between ocean carriers and draymen.
The Intermodal Association of North America said the federal agency’s signoff allows more efficient training and helps recruit and retain equipment mechanics.
Maritime Employers Association announces longshore workers will handle ‘controlled substances and COVID-19-related merchandise.’
“We are going to lose some of the food and pharmaceuticals.”
Top July welcome news amid “devastating effects of the coronavirus on the economy.”
New normal for container shipping: active capacity management and digital spot bookings.
Shipco Transport and its container freight station subsidiary ICT have adopted Vector Software to reduce human contact and on-site paperwork processing as the coronavirus persists.
Executive Director Gene Seroka does not want to break the 15-month record set during the recession of 2008-09.
The campaign is part of a broader effort to prevent the spillage of the tiny pellets during their transport.
Former XPO executive Daniel Walsh succeeds Jennifer Polli, who is credited with leading the chassis provider through “significant transformation.”
COVID-19 could ignite geopolitical clashes and cause “meltdown” in U.S. consumer demand.
Taiwanese carrier’s dry bulk business takes a beating.
The coronavirus pandemic remains a “major source of uncertainty for the entire logistics industry.”
The Port of Charleston reports its busiest July for vehicles handled.
“We’re not doing any victory celebrations because the trade outlook remains unclear as long as the pandemic is with us.”
Asia-U.S. ocean freight rates are hitting record highs as import demand outpaces vessel supply.
The railway hopes to build its intermodal presence in the East and bolster the network serving Toronto, Montreal and the U.S. Midwest.
Operating profit “turnaround” of more than $300 million reported.
Some volumes have been diverted to the Port of Halifax and other East Coast ports.
State-of-the-art rubber-tired gantry cranes will have 169 feet of lift height.
Longshore workers walk for the fourth time since the beginning of July.
PayCargo has become a force in the online payment of freight transportation bills and now offers coronavirus-impacted shippers and forwarders credit lines to smooth their cash flow.
Victoria and the city of Melbourne, Australia, are tightening health measures to stop an outbreak of the coronavirus. Imports and exports could get stuck at terminals and warehouses.
California’s Department of Toxic Substances Control is accused of failing to enforce environmental law.
Multiple Lebanese government agencies may have known dangerous ammonium nitrate was stored in a warehouse.
Containers are used to carry imports to the U.S., but they also carry exports from the U.S. The agriculture industry depends on them, but COVID-19 has caused the system to fray…
Container carriers are rerouting goods and assessing damage following Tuesday’s blast.
Federal government asked to contribute $3 billion to cover projected losses.
Ports on the Atlantic are losing imports from Europe as well as Asia.
Container lines, some with damaged or destroyed buildings, are scrambling to reroute cargo bound for Lebanon.
Logistics providers are worried that new emergency measures to combat a COVID resurgence in Victoria, Australia, will hamstring deliveries of imports and exports.
Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.
Lebanese officials blame confiscated highly explosive material for the blast, according to reports.
The U.S. Federal Maritime Commission found during its Fact Finding 29 investigation that the Port of New York and New Jersey showed supply chain resolve during the coronavirus pandemic.
Two logistics parks are in operation nearby and more are to come in Alabama.
With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.
DCLI chief commercial officer warns shippers and truckers who seek a national chassis pool: Be careful what you wish for.
Jacksonville, Florida, port this week also welcomed the largest LNG-powered ro-ro vessel on its maiden voyage to the United States.
New data reveals just how far ship orders have sunk. The fewer ships ordered, the higher future rates could climb.
Digital platform is designed to provide shippers end-to-end transparency.
Supply chain strategy set “to seamlessly and efficiently import materials and export tires to global markets.”
Canadian Union of Public Employees says port labor toils for 19 days before receiving a two-day break.
“Cargo volume reductions related to COVID-19 were offset by the strength of our export markets and record volumes earlier in the year,” says GPA Executive Director Griff Lynch.
Orient Overseas Container Line briefly outlines performance for the second quarter and first six months of 2020.
“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.
Raja Narayanan joins industry disrupter “at this pivotal time where the world is adapting to the new normal.”
First Atlantic hurricane of the 2020 season could cause substantial flooding to south Texas and northeastern Mexico this weekend, delaying freight traffic at ports and land border crossings.
While the storm is expected to weaken as it passes over the islands, Young Brothers pulls its interisland barges into calmer waters for the weekend.
Chairman Michael Khouri explains how the U.S. Federal Maritime Commission keeps track of COVID-19-induced ocean container carrier sailing schedule changes for anticompetitive behavior.
Delivering on promise will mean fewer headaches and delays, container shipping line says.
Thousands of crew members are stuck on board their ships due to COVID-19 restrictions. Learn more in Darren Prokop’s commentary.
The expectation that North American consumers will help drive intermodal traffic comes as the railway’s second-quarter volumes were hit by the coronavirus pandemic.
OffPeak praised for enabling Southern California distribution centers to operate second shifts.
The coronavirus’ whipsaw effect on the global supply chain took a toll on Kuehne + Nagel during the first half of 2020, but without a rapid internal response the hit would have been far worse, CEO Detlef Trefzger says.
Ridgeville, South Carolina, facility will create more than 1,000 jobs.
“Tom Hanks’ work throughout his career reflects a deep respect for those who serve.”
A new interview with AgTC’s Peter Friedmann on how China COVID fears affect U.S. food exports.
vailable cargo space on outbound aircraft from China is starting to become scarce again. Shippers better hurry to lock up reservations for the late summer and peak season.
Operational lower level essential to movement of goods and economic recovery.
“Employer groups should not play American ports against one another,” says longshore union leader.
Total number of TEUs moved in June down 17.1% year-over-year.
U.S. shippers importing cargo from Asia are getting some price relief.
The U.S. Federal Maritime Commission enters “phase two” of its fact-finding investigation into COVID-19 impacts on container shipping in the Port of New York and New Jersey.
CEO Jim Newsome optimistic about economic recovery in 2021.
A study commissioned by the Coalition Against Bigger Trucks suggests that modifying federal rules to allow for heavier and longer trucks could result in diverting roughly 25% of U.S. rail traffic to trucks.
Analysis concludes West Coast ports have lost 19.4% of market share since 2006.
Even before Hawaii imposed COVID-19 travel restrictions earlier this year, Young Brothers lost money and last year sought a rate increase valued at $13 million from state regulators.
Canceled San Pedro Bay calls more than doubled in the first half of the year compared to 2019.
Boost attributed to retailers trying to beat capacity constraints and rate hikes.
Deutsche Post DHL said preliminary second-quarter profits, despite the ongoing COVID-19 pandemic, have it less worried about the rest of the year.
WSC says one-1,000th of 226 million containers shipped each year are lost.
Cause of blaze at the Blount Island Marine Terminal remains under investigation.
Lori Ann LaRocco illustrates the disruption to global trade by profiling what has happened at the Port of Miami since the coronavirus pandemic began.
“Optics” are bad but freight pricing doesn’t appear to meet regulatory bar for intervention.
A tip led investigators to the 90 bricks of cocaine weighing nearly 226 pounds.
Danish shipping giant A.P. Moller -Maersk has reached an agreement to acquire Sweden-based customs brokerage to offer increased import clearance services to European shippers.
Consolidated Chassis Management chief executive foresees an increased requirement for chassis to accommodate rising tide of intermodal container moves as the North American economy shakes off COVID-19.
Total cargo volume is down 7.8% this year because of reduced import demand.
HTA CEO Weston LaBar says West Coast container ports have suffered a 19.4% loss in market share since 2006.
Global trade fallout from the crew-repatriation crisis has begun — and looks poised to snowball.
Shipboard COVID cases will make it even harder to roll back travel restrictions that block crew changes.
Pilot Freight Services, which operated under a national franchise network for decades, now owns 90% of its offices and monitors for future acquisitions.
E-commerce and coronavirus fallout are buoying container services from Asia to the West Coast.
South Carolina Ports Authority adopts financial plan for fiscal year 2021.
The Port of Savannah handled the most containerized agricultural export volumes last year among all U.S. ports, according to a national database.
For years, exporters and importers have been frustrated by the former U.S. Customs and Border Protection process to withhold their names and addresses in manifest data from the public.
Although “Containers Don’t Lie,” the story they are telling may not reveal the entire picture.
By artificially restricting capacity, carrier alliances have engineered rates higher and may book a profit this year.
Roundup comprises elections and selections by Atlas Air, Elemica, Georgia Ports Authority, Hapag-Lloyd, NCBFAA and VeriShip.
The rail-related projects awarded federal grants seek to expand infrastructure capacity in the Midwest, Tampa and Houston.
The container ship helping set the record is longer than the Eiffel Tower is tall and capable of carrying 384 million pairs of shoes.
Fiscal-year finish 50,000 containers below plan is forecast.
New court documents shed light on a shipboard drug ring.
TFI International says it completed its acquisition of Gusgo Transport in a deal that adds a small Canadian container trucking and storage company.
Washington State Potato Commission wants you to get fries with that burger.
The U.S. Federal Maritime Commission has rolled out guidance on how the ocean shipping industry can collaboratively improve the flow of containers among ocean carriers, marine terminals, shippers and drayage truckers in San Pedro Bay during COVID-19 and beyond.
New data reveals third-quarter ocean schedules still largely intact — a positive sign on cargo bookings.