“The whole bridge just fell down!” an officer said on an emergency call as authorities raced to close the Francis Scott Key Bridge just before it was struck by a container ship.
Around 1:30 a.m. Tuesday, the Dali, a Singapore-flagged ship, smashed into the bridge.
Venture Global LNG is building a large fleet of liquefied natural gas-powered vessels, amid numerous legal fights.
A study by last-mile solutions provider OneRail addresses retailers’ concerns about diversifying delivery networks and highlights strategies such as leveraging technology for strategic planning.
Descartes’ monthly report shows strong February container imports, but March and April volumes appear less certain.
Transfix’s new feature aims to streamline logistics for small and midsize businesses by addressing manual processes and securing competitive rates, in line with an integrated marketplace approach.
Houthis, the Lunar New Year, drought in the Panama Canal, an impending potential strike and the upcoming election mean rough seas in 2024. Here’s how shippers can protect themselves.
Seattle-based OpenTug says it serviced over 3 million tons of marine cargo across 25,000 miles of U.S. marine highways in 2023.
In this edition: East Coast ports take center stage, demurrage charges get a hike, and another acquisition is complete.
Isometric Technologies announced the winners of its third annual service excellence awards.
Documentation and fintech platform ODeX conducted a survey assessing the maritime industry’s views on digital documentation in ocean shipping.
A new report from venture capital firm UP.Partners takes a look at the impact of the freight recession and new developments in the industry.
DeliverDirect serves various industries, including retail, pharmaceuticals, manufacturing and related sectors.
We live in an era where data is at the heart of an organization. But only by understanding the data, can you leverage its full potential. Data analysis and business […]
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.
Uber Freight plans to make its API publicly available for scheduling in the second half of the year.
FreightWaves’ monthly State of Freight webinar series returns on Wednesday, February 21 at 2pm ET. Don’t miss this opportunity to hear from FreightWaves’ Founder and CEO, Craig Fuller, and Head of Freight Market Intelligence, Zach Strickland.
This feature empowers GoodShip’s shippers to craft personalized constraints, aligning with supply chain goals for optimal, strategic procurement decisions.
Lunar New Year and the Suez Canal conflict are having a significant effect on supply chains.
Mexico’s Isthmus of Tehuantepec rail corridor could complement container movements along the Panama Canal.
As many are predicting another shift in the second half of the year, the co-founder of Sifted has advice for both carriers and shippers moving into 2024.
Shippers’ mood has been buoyed by positive economic prospects for the U.S., while brokers and carriers are encouraged by a possible market shift.
At the big National Retail Federation meeting in New York, a daylong discussion on supply chains looked back on the craziness and ahead to a bold future.
Join FreightWaves for a webinar on Thursday, January 18 at 10am ET where Craig Fuller, FreightWaves’ founder and CEO, and Zach Strickland, Head of Freight Market Intelligence, will discuss their outlook for Q1’s transportation market.
With the year coming to an end, columnist Bart De Muynck reflects on 2023 and the new year ahead.
The Shipping Act of 1984 changed the game for shippers and carriers.
In this edition: 2024 predictions coming in hot; new TRAC Market Dashboard debuts; and TFI is on the prowl again.
Join FreightWaves for a webinar on Thursday, December 14 at 2pm ET where Craig Fuller, FreightWaves’ founder and CEO, and Zach Strickland, Head of Freight Market Intelligence, will discuss a first look at 2024.
Echo Global Logistics’ EchoShip platform is transforming the partial truckload shipping landscape, offering unparalleled efficiency and cost-effectiveness for shippers and carriers.
A flashback article from the archives of American Shipper highlights unique insurance claims.
Shippers have rebounded in Q4 2023 to once again be the most positive segment. Carriers and brokers have lost some of the steam that led to relative optimism in Q3.
“There is no good lane or bad lane or good deadhead or bad deadhead. There is only a focus on what is a good route for the driver to maximize their profitability,” says aifleet co-founder and CEO Marc El Khoury.
“AI-powered insights help customers take informed action, like seeking alternative suppliers, tracing their raw materials, identifying potential geographic concentrations and targeting risky supplier networks,” says Altana Technologies’ Amy Morgan.
Loadsmart CEO Felipe Capella said there’s “massive value potential for the whole freight industry” by applying computer vision technology.
In an article published in 1981 in American Shipper magazine, a Bethlehem Shipyard case focuses attention on a maritime problem as old as the “master’s gratuity,” according to a former company official who was charged with bribery at the time.
The former Emerge senior vice president of customer success plans to leverage customer voices in his new role leading Princeton TMX.
Project44’s Jett McCandless comments on the state of technology as the company completes a round of layoffs on Thursday.
Anthony Sutardja, co-founder and CEO of Parade, told FreightWaves the new capital will go toward AI and RFP tools.
Laid-off employees came from support departments including Human Resources, Information Technology (IT) and other ancillary support roles. IT roles affected by the event included business analysts, scrum masters, quality analysts, product managers, and project managers.
Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.
Panama’s drought poses a serious challenge to the country’s canal operations, but fallout to global trade remains limited.
A story from 1976 shows a battle between a shoe manufacturer and a shipper over what the former believed was an “unreasonable rate.” The company-versus-company drama exhibits the complexity of international trade.
“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
As modern parcel fulfillment becomes more complex, shippers are spoiled for choice when it comes to best practices and exciting new automation technology. In this environment, it’s essential to have […]
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?
Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.
While AI technologies have the potential to transform the shipping and logistics industries, their success takes careful and strategic planning.
In the post-pandemic pivot from just-in-case to just-in-time manufacturing, digital freight network Convoy has launched a service to help shippers and carriers manage risk.
Containerized imports are rising seasonally, as expected. This year is on track to top pre-pandemic volumes by low single digits.
Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.
Rate deals and spikes don’t last forever, and smart industry players know caring for the partners who will sustain them when the market inevitably shifts is mission-critical.
After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.
Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.
Kodif’s founding team showcases experience, resulting in the development of a technical product that empowers even those lacking technical proficiency to effectively utilize it.
Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.
“The discussion of reducing the de minimis back to the $200 threshold could impact e-commerce retailers with high-value products by increasing costs,” said BoxC Logistics co-founder Chad Schofield.
Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.
“It is extremely difficult to announce a reasonable business forecast at this time,” said ONE, citing container shipping market uncertainties.
Transportation spend optimization is a shipper’s secret weapon to transform its spend management process, improve inefficiencies, and reduce complexities and operational risk.
Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
In an article published in 1992, American Shipper details the first use of barcodes for shipping Chrysler vehicles.
Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.
For the first time since freight sentiment index inception, shippers are the least positive group. Does that mean the market is balancing?
Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
Fluid Truck Renew helps commercial fleets lease out parked equipment and offers a simple way for new fleets to enter the market.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
According to Terminal Industries, 92% of yards lack technology solutions to eliminate wasted capacity, drive down unforeseen costs and improve inventory operations, leading to $146 billion in excess transportation costs.
Shipowners have invested billions in the LNG fuel option in the belief that it will benefit regulatory compliance and the environment.
Pricing in ocean shipping was done much differently in the 1970s compared to today. To simplify things, a group of executives created a game around the concept for workers to play.
U.S. rail imports from Vancouver and Prince Rupert are imperiled again. ILWU Canada has rejected the proposed dockworkers contract.
“I think this acquisition sends the message to the market that we are here to add real value,” said Ship Angel founder Graham Parker.
Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises.
The extended strike in western Canada was beginning to affect U.S. supply chains. Its resolution limits the fallout.
Sulfur pollution addressed by IMO 2020 created a health risk, but that pollution had a cooling effect, which has now been reduced.
This report shares an in-depth overview across the trucking, maritime and intermodal markets.
The agreement should keep tanker and bulker orders in check, while increasing the risk of a future carbon tax on container shippers.
Tive’s technology advancements allow customers to see blind spots in air and ocean cargo.
Obtained documentation shows Transfix is looking to raise funds at a $376 million valuation.
June volumes of containerized imports were higher than normal and the National Retail Federation predicts more gains ahead.
U.S. imports via Canadian ports face rising fallout as the war of words escalates between dockworkers and employers.
This report shares an in-depth overview across the trucking, maritime and intermodal markets.
New Jersey container imports are unscathed “so far” but the port’s automobile trade faces fallout from the ongoing fire.
Körber’s transportation consulting experts offer six detailed ways shippers can improve their relationship with all their carriers. Plus, Tips for a smoother peak 2023. Although carriers face the issue of […]
Sluggish demand is capping shipping lines’ income. In response, at least one carrier is reportedly moving to limit losses on legacy charters.
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects.
The Wagner mutiny is drawing attention to what happens after the war in Ukraine ends. When it does, shipping will see major changes.
Concerns over highly dilutive share offerings by microcap shipowners have been building for years. The debate just intensified.
Trans-Pacific spot shipping rates remain under pressure, slumping back again as U.S. import demand comes up short.
The company plans to leverage RetailOps’ technical talent to accelerate product development and provide brands with omnichannel solutions.
The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand.
The U.S. supply chain has dodged a bullet. A new dockworker labor deal will keep the peace at West Coast ports.
“Patience is wearing thin. Neither side imagined it would take this long,” says the head of the Port of LA on dockworker contract talks.
In this edition: Comparing freight broker commission rates; Stopping corn at the border; and some C-suite shuffling.
This year’s peak season could see West Coast labor disruptions coincide with Panama Canal water levels impeding cargo flows to the East Coast.
