Xeneta data reveals that ocean spot rates have not reacted significantly to the Baltimore bridge collapse, despite the disruption to supply chains on the East Coast.
In 1978, when paper was king, a persistent error cost one company hundreds of thousands in extra charges. But who was responsible for the mistake?
While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.
Shipco Transport pairs strong company values with deep expertise and broad coverage to deliver concrete results to its forwarder customers.
How big are the world’s largest ocean container ships?
From tragedy to unprecedented feats, the Golden Gate Bridge is an important part of American history in freight, transportation and architecture.
Legislation aimed at easing transportation pain may have a chance of getting through Congress
Companies rely on a wide variety of partners to handle their invoice auditing, including brokers and third-party freight pay companies. This approach can be risky, as these folks are not typically invoice audit experts, increasing the chance that inconsistencies and other issues will slip through the cracks.
Several trade and transport groups claim ocean carriers should lose special antitrust privileges and face stricter regulatory enforcement of shipping laws.
The Friend of the Sea program calls on the international maritime sector to act immediately to prevent ship-whale collisions.
J.B. Hunt announced it has launched a new transload service in the New York metro area to address network congestion.
Biesterfeld expects the capacity-constrained environment to continue.
The global supply chain visibility platform is seeking to take some pressure off carriers at the ports with more precise ETAs.
Some 1,500 supply chain professionals met at FourKites Visibility 2021 to discuss the present and future of visibility in supply chains.
The Upside Down is a parallel universe inhabited by the Demogorgon in the Netflix series “Stranger Things.” In the real world, shippers that don’t want to get eaten by ocean carriers are fleeing to air cargo.
The biggest container shipping line in the world says container traffic at the massive Port of Yantian in China is moving much better after COVID restrictions were recently lifted. But exporters have a long way to go before ocean shipments go smoothly again.
On this episode of Great Quarter, Guys, Andrew Cox looks at how supply chain failures are hindering the return to services.
2001: Several shipping lines are close to ordering the first container ships of 8,000- to 9,000-TEU capacity, but others in the industry are warning of the associated risks.
“Widely varying” tariff fees charged by container lines have prompted federal regulators to consider new rules.
Add Nike (NYSE: NKE) to the growing list of retailers being severely hampered by port congestion and supply chain bottlenecks. The congestion at West Coast ports in particular strained Nike’s supply chain and negatively impacted revenue, which declined 11% yoy in the quarter ending Feb. 28.
“TJC has proven success partnering with companies in our industry, and their international expertise will provide a distinct advantage for sustained organic growth and future acquisitions around the world,” said AIT’s president and CEO.
As part of Women’s History Month, FreightWaves spotlights the first American woman to make it to the top at sea.
Here’s a look into why a shipper would choose sea freight over airfreight.
“For companies that went into the COVID-19 year, if they were strong they came out stronger,” said Moore.
On this episode of Midday Market Update, Kevin Hill and Michael Vincent discuss lingering port congestion and how delays are driving a hot air cargo market.
Kuehne + Nagel is the second-largest logistics services provider in the world. It just got bigger, swallowing up Hong Kong’s Apex International.
“It’s been really easy to get the band back together,” says CEO Jason Provonsha.
SONAR is the leading freight forecasting platform. Two recently added SONAR indices are proving very useful to SONAR subscribers. Learn more.
Steve Ferreira makes his case why ocean freight logistics managers should be paid more for their skills.
Bob McGhee of AIT Worldwide Logistics detailed the meticulous process behind military shipping. He also expects tight air and ocean capacity will continue well into next year.
Bill Freidel of AIT Worldwide Logistics expects 2021 to be another challenging year for freight as the COVID-19 vaccine is prepped for release. He encourages logistics companies to invest in cold-chain technologies and continue to meet customer expectations.
1970: After 123 years of Hapag history and 113 years of Lloyd history the first page of Hapag-LIoyd AG history will be written in 1970. The new company has a staff of 11,500 of whom some 5,000 are sea-going personnel.
FreightWaves CEO and Director of Freight
Innovation in the maritime industry relies on top-down mandates that are complicated by multilayered regulatory regimes and compliance requirements.
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…
Darren Prokop’s commentary concerns whether price gouging is taking place on container shipping between Asian ports and the U.S.
Lori Ann LaRocco illustrates the disruption to global trade by profiling what has happened at the Port of Miami since the coronavirus pandemic began.
CNBC’s Lori Ann LaRocco writes about the impact of COVID-19 on U.S.-China trade, particularly in regard to the trade war between the two nations.
Governments must support vital supply chains. A big part of that is for all branches and levels of government to put aside partisanship and petty bickering and work for the good of the nation and its people.
Customer service (in many forms) is the key to keeping and/or expanding business during the pandemic.
Using shock recorders when shipping freight may help shippers and carriers better protect freight and assign fault when damage occurs.
The Chinese government is using the reason “Acts of God” to void many contracts due to coronavirus. Darren Prokop explores whether that is hurting current trade and will impact trade in the future.
FreightWaves SONAR can help those in the freight industry stay current with what is happening in transportation and logistics during the coronavirus pandemic.
The companies that control the bulk of ocean cargo opearte under different rules than most companies. Read Darren Prokop’s explanation of why that is…
CNBC’s Lori Ann LaRocco writes about the ramping up of manufacturing in China, and the subsequent ramping up of cargo headed to the U.S. via ships.
EXPD earnings fell 23% year-over-year; management cited the business cycle and warned about Q1 coronavirus impacts.
Guest columnist Sri Laxmana writes about the impacts of IMO 2020.
Lori Ann LaRocco writes about the impact of coronavirus on maritime trade between China and the U.S.
Ben Thrower writes about the increased use of cargo ships to smuggle drugs.
Darren Prokop writes about the implementation of IMO 2020 and how its costs will be absorbed and/or passed along…
Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.
FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.
A global container index offers a big-picture perspective on the worldwide supply/demand balance.
Phase One of the U.S.-China trade deal is scheduled to take effect Wednesday. Read CNBC’s Lori Ann LaRocco’s take on how that trade has changed since the tariff war began — and how it may never be quite the same.
The use of drones and other technology will help ports streamline operations, increase safety and vigilance for drugs and pollution.
Darren Prokop writes about the benefits of economies of scale in maritime shipping; he also writes about the dangers of diseconomies of scale.
“A good trade deal is when both countries are not happy with everything because that means that there was give and take,” LaRocco said.
Evan Efstathiou has just bought his way into the maritime tech landscape.
North America has surpassed North Asia (China) as EXPD’s highest revenue region.
Biesterfeld: “We expect that North American routing guides will continue to reset at lower prices.”
The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
Break bulk is in a state of change… and experts are forecasting a shrinking of the world fleet and a possible winnowing out of players.
The new platform focuses on collaboration, workflow automation, and allows users to define business priorities.
Learn about the six most common reasons cargo gets delayed during the customs process.
Many of north-east Asia’s mega ports are directly in the path of two super-typhoons. The first is about to blow in from the Pacific and will make landfall within the next few hours.
A supply-demand imbalance and oceanic low-sulfur fuel regulations are making air freight more attractive relative to ocean freight. Or, at least, that is what air carriers hope.
U.S. Customs and Border Protection marks the 230th anniversary of the first customs processing of a ship in the new United States.
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
Goods like clothes and toys are on the proposed tariff list.
The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.
Automotive carrier Kawasaki Kisen Kaisha (K-Line) has been convicted of being in a criminal cartel and has been fined nearly US$23.4 million in Australia.
Japans K-Line shipping company reported its fiscal first quarter earnings.
Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.
An overview of Japanese shipping company MOLs fiscal first quarter earnings is covered in this article.
Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.
OOCL reported its second quarter 2019 earnings while also announcing that it was canceling several Asia-Europe sailings for a three-month period.
Chris Connor, the new president and CEO of the American Association of Port Authorities, is enthusiastic about advocating for the varied needs of its members.
In this commentary by Ekim Saribardak, he writes about new track and trace technologies that can revolutionize the shipment of ocean freight.
Panalpina’s worse than expected results appear to be largely due to the company being picked off by its competitors as its customers wait to see how the merger with DSV shakes out.
Ben Thrower recently visited the Panama Canal. He writes about the canal’s expansion and what that means to global trade and the maritime industry.
Capital Logistics is the newest member of the Blockchain in Transport Alliance (BiTA). Read about the company, as well as BiTA’s efforts to develop blockchain standards for transportation and logistics.
The U.S. fireworks supply comes primarily from China, and one company controls most of that trade. Read Market Expert Henry Byers’ fascinating article about fireworks!
Market expert Brian Aoaeh writes about the new Digital Shipping Container Alliance and why standards are important to industry. He also writes about why getting standards written and adopted is particularly difficult.
Nicholas Press, Founder and President of CEC Systems, explores the maritime industry’s problem with empty containers and explores potential solutions to deal with them.
Tanker companies like Euronav expect to see financial benefits from impending environmental regulations, which will change the type of fuel burned at sea and could eventually limit how fast ships can go.
At the same time Wall Street investors are shunning ship owners, European banks are pulling back on providing debt to ocean shipping. What are the short- and long-term implications for freight markets?
A top executive of the Panama Canal Authority outlines the prospects for LNG, LPG and crude/product tanker transits through the larger locks of the waterway.
Panalpina reported $0.82 (Swiss Francs, or CHF) per share in earnings for the first quarter of 2019 compared to $0.72 CHF for the same period last year.
Expeditors should do well in a softening ocean freight market and a Panalpina deal wouldn’t necessarily be a bad thing.
A solid quarter, year despite decelerating sequential net revenue.
Expeditors navigates around pricing pressure to post solid Q3 results.
FreightWaves spoke to IMSA CEO Corey Ranslem about the first install, the ARMS platform’s official launch at the end of October, and entering the cargo ship markets in 2019.
China imposed a 25% import duty on US soybean imports in July and a domestic shortage of beans is now resulting in Chinese traders paying a higher price for Brazilian beans than what domestic crushers are paying, leading to speculation that China could again increase shipments from the US.
High capacity, steady rise in oil prices, a weaker U.S. dollar and a dull spot market had sunken margins of shipping majors in Q1 2018.
The cost of acquiring transportation stayed below new revenues in serving customers.
China-U.S. ocean freight rates have been falling continuously for the record 32nd week, in the wake of the Chinese New Year and a continous surge in capacity.
