A new report from CNBC shows consumer spending will not dramatically rise this peak season, but a modest uptick is likely. Companies with a clear view of their businesses have an idea what peak season will look like and are preparing.
Brandy D. Christian is stepping down as president and CEO of the Port of New Orleans, a role she has held since 2017.
Blank sailings are a major factor in maritime shipping and are increasing after ocean carriers gorged on higher Red Sea rates while they could thanks to added capacity. With capacity now cut, rates are rising again.
Peloton filed a complaint with the Federal Maritime Commission alleging that Flexport’s practices cost the fitness company millions of dollars in unreasonable detention and demurrage charges.
Recovery crews have found the body of the sixth and final person who died in the Francis Scott Key Bridge collapse in Baltimore, as crews plan to remove a large section of the wreckage.
Global ocean carriers are targeting the growing trade from China to Mexico with new express services.
In this edition of FreighTech Friday, Loadsure explains the risk of moving goods throughout Europe, and Kinaxis shares a report on shippers that are slow to react to supply chain disruptions.
U.S. Customs and Border Protection officers seized some 2,300 baby and children’s products from the ports of Los Angeles and Long Beach.
Despite the timing of the Lunar New Year, import volumes at three of the largest U.S. ports rose year over year.
The transportation industry is a major contributor to climate change. Turmoil in maritime shipping is forcing route diversions that are spiking emissions, reflected in data from Xeneta.
Soft freight market conditions continue to create market headwinds as Hub Group’s first-quarter revenue declines 13% year over year.
Shippers should lock in certainty with airtight ocean carrier contracts that ward off surcharges.
The World Shipping Council has named Joe Kramek its next president and CEO. He will replace John Butler, who plans to retire in July.
The Federal Maritime Commission suggests that requiring better data could lead to less congestion and fewer container storage fees.
The East and Gulf Coast ports continue to take market share from the largest West Coast ports, which had a challenging March.
We may be months away from a national market shift, but the time to start planning for it is now.
Grace Ocean and Synergy Marine, the companies that own and manage the cargo ship that brought down the Francis Scott Key Bridge, want a federal court to limit their liability in the deadly disaster.
Ports in New Orleans and Corpus Christi, Texas, recorded year-over-year increases in cargo volumes in February.
Around 1:30 a.m. Tuesday, the Dali, a Singapore-flagged ship, smashed into the bridge.
Chinese trade flow into Mexico is helping to build up the latter’s manufacturing capabilities, which is a long-term positive for the U.S.
The Port of Virginia recently completed a project to widen its ship channel for ultralarge container vessel traffic.
Port Houston reported strong imports after a soft January as general cargo tonnage represented nearly 40% of total import tonnage in the month.
Foremost Group CEO Angela Chao was intoxicated when she reversed into a pond and drowned at her Texas ranch on Feb. 11, according to authorities.
Legislation approved by the House gives the Federal Maritime Commission more power to investigate potential container market manipulation by China.
Venture Global LNG is building a large fleet of liquefied natural gas-powered vessels, amid numerous legal fights.
Georgia is paying $6 million toward a $17.45 million Port of Brunswick harbor improvement project, which includes more warehousing and roll-on/roll-off storage.
The Port of Huntsville in Alabama reported 24% year-over-year growth at its intermodal container yard in 2023.
Descartes’ monthly report shows strong February container imports, but March and April volumes appear less certain.
The initial shock factor is waning and ocean spot rates are losing momentum across the globe.
Ports across Mexico moved 728,116 twenty-foot equivalent units during January, a 20% year-over-year increase.
Ports in Houston and New Orleans recorded year-over-year increases in cargo volumes during January, while Corpus Christi, Texas, saw a slight decline.
Spot rates are back above breakeven and Zim’s costs are falling.
Multiple looming factors in maritime could impact the upcoming contract season, boosting capacity at the ports of Los Angeles and Long Beach.
Dockworkers are fully prepared to swap pallet jacks for picket signs come October.
Documentation and fintech platform ODeX conducted a survey assessing the maritime industry’s views on digital documentation in ocean shipping.
Regulators have imposed new billing standards on ocean carriers that shippers consider a “major step” toward eliminating abuse.
Georgia Ports Authority said it handled 428,000 containers and 65,400 roll-on, roll-off units in January.
Angela Chao, CEO of global shipping firm Foremost Group and Mitch McConnell’s sister-in-law, died in a car accident.
Despite concerns about the impact of international tensions on global trade, shipyards are flooded with orders.
A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023’s anemic performance.
If the Fed is deterred from cutting interest rates, freight demand could tumble just as carriers start regaining pricing power.
A recent round of U.S. and British strikes raise fresh questions about the impact of container shipping in the Red Sea.
Seacor Holdings continues to pare down its shipping sector assets, most recently selling off its Caribbean container business.
Hub Group reported year-over-year decreases in its intermodal, logistics and truck brokerage segments during the fourth quarter.
Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry.
Supply chain visibility provider Vizion is partnering with D&B to launch its new solution, TradeView.
The Russia-Ukraine war led to enduring changes in shipping routes. War in the Middle East looks likely to do the same.
Ports in Corpus Christi, Texas, and New Orleans recorded year-over-year increases in cargo volumes, while Port Houston saw a slight decline in 2023.
Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.
Spot rates remain very high, but appear to have plateaued. The question ahead: Will they fall back after Chinese New Year?
Lunar New Year and the Suez Canal conflict are having a significant effect on supply chains.
The Port of New Orleans has received a $226 million federal grant to complete the $1.8 billion Louisiana International Terminal on the lower Mississippi.
Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.
The conflict in the Middle East may have late-year implications for the domestic transportation market.
The combination of Red Sea detours and Panama Canal restrictions is having a knock-on effect: higher Asia-West Coast rates.
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
Tanker stocks rose as expected in 2023, container shipping shares surprised to the upside, and dry bulk stocks lagged the pack.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
Mexican officials recently approved a $5 charge on containers moving through the Port of Ensenada.
The Port of New Orleans is receiving a $73.77 million federal grant to assist in building the $1.8 billion Louisiana International Terminal.
Container ships have forsaken the Red Sea route but many bulk commodity vessels continue to transit the danger zone.
Cargo volumes were a mixed bag at Gulf Coast ports in November, with Houston reporting declines and New Orleans and Corpus Christi seeing gains.
A growing number of ship operators are refusing to transit the Red Sea and taking a very long detour around Africa instead.
It is unclear whether the reduction in emissions is a result of a genuine effort to mitigate environmental impact or a consequence of market dynamics.
Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.
Panama’s drought initially affected transits through the smaller locks. The pain has now spread to the larger Neopanamax locks.
Next year, U.S. importers must navigate canal restrictions, diversions from the Red Sea, more canceled sailings and, possibly, a port strike.
Imports have held up surprisingly well this year, but peak season’s end and canal restrictions are finally curbing volumes.
As the Panama Canal scales back on reservation slots, more ships without reservations wait longer to get through.
MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged damages suffered during the supply chain crisis.
There has been a surge of attacks and threats targeting Israel-linked ships, including one incident where the U.S. Navy came to the rescue.
Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.
Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
J.B. Hunt and BNSF Railway are heralding a new era in freight transport with an intermodal partnership called Quantum. With it, they hope to add enough value to win market share from truckload freight.
Freight flows declined in Houston and Corpus Christi, Texas, in October, while container volumes rose at the Port of New Orleans.
Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.
Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.
Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.
The union representing East and Gulf Coast dockworkers warned members to prepare for a possible strike starting Oct. 1, 2024.
“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.
The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.
Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.
Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.
Hub Group reported $1 billion in revenue and earnings per share of 97 cents during the third quarter.
This is CargoX’s second sizable partnership aimed at bringing more efficient import and export practices to global markets.
Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.
Geopolitics has always been a key driver of global shipping markets. How could the war in Israel affect rates?
Executives for shuttered logistics operator Tiger Cool Express have restarted an intermodal project in Washington state.
Peak season demand propelled imports higher in September, although softening spot rates point to a fourth-quarter slowdown.
The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago.
