US West Coast ports are back to normal after pandemic gridlock and drawn-out labor negotiations spurred fears that market share would be lost to the East and Gulf coasts for good, Port of Long Beach CEO Mario Cordero said (source:…
READ MORE >The peak season surge in air freight rates of the past three months appears to have come to an end according to the latest data from TAC Index, the price reporting agency (PRA) for air freight markets (source: STAT Times).
READ MORE >Transportation metrics slid again in December with capacity increasing at a faster pace and prices declining at a higher rate, according to a monthly survey of supply chain executives. However, there was some optimism that the cycle may turn in…
READ MORE >U.S. and Belgian cargo hubs Port Houston and the Port of Antwerp-Bruges, together with four other partners, have signed a landmark agreement to form a strategic alliance aimed at accelerating the transatlantic green transition (source: Offshore Energy).
READ MORE >With container spot rates below ocean carrier unit operating costs on some routes, shipping lines are increasingly focusing on billing customers with a myriad of surcharges to boost revenue in what is predicted to be a tough period (source: The…
READ MORE >The Panama Canal is being squeezed shut by drought and forcing shippers worldwide to face a painful choice. They can wait in line for days or weeks, pay millions of dollars to jump ahead in the queue, or they can…
READ MORE >Beijing is considering a proposal to construct a massive integrated super port across islands south of Hong Kong, consolidating regional port resources to challenge Singapore’s shipping hub status. The infrastructure project, potentially costing over $20bn, is also envisaged as a…
READ MORE >Notwithstanding three attempts at GRIs (general rate increases) in 45 days, Asia-North Europe container spot rates have so far remained stubbornly low, which will make new contract negotiations onerous for carriers. Meanwhile, on the transpacific, there was more encouraging news…
READ MORE >Ocean carriers are refocusing their strategies away from the traditional, but oversupplied, east-west routes, seeking growth in north-south trades – although the burgeoning Indian export market is an outlier. According to a survey by Alphaliner, African trades recorded the highest…
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