The ocean freight market is pushing cargo owners to the limits in terms of time and price. But the timeline for when the market will cool remains uncertain as stakeholders expect demand to continue at pace through the end of the year.
Author Archive
July container volumes boom at South Carolina ports
South Carolina ports moved a record volume of containers in July, the first month of its 2021-2022 fiscal year. The flagship Port of Charleston handled a record 244,831 TEUs in July at the Wando Welch, North Charleston and the Hugh K. Leatherman terminals. That is 38% higher than a year ago and is a record […]
Logistics groups ready to help during potentially busy hurricane season
Hurricane season officially starts June 1, but trucking and logistics groups are already making calls and posting on social media to make sure they’re ready to respond efficiently to any impacted areas.
Port Houston sees $75B in trade in first half of 2021
Port Houston’s trade increased 17% during the first half of the year, boosted by exports of gasoline, liquefied natural gas and oil, according to WorldCity analysis of U.S. Census Bureau data. Trade at Port Houston increased from $64 billion to $75 billion through the first six months of 2021, compared to the same period in 2020.
Beware ‘nasty side effects’ if government targets ocean carriers
As skyrocketing rates squeeze importers and exporters scramble for containers, the push for government intervention is accelerating. What if the U.S. government does move to rein in foreign carriers? What if carrier alliances are broken up, detention and demurrage charges are curtailed, export service is mandatory and — most hypothetically — spot rates are capped? […]
FreightWaves Classics: Port of Mobile is a key Gulf Coast port
The ports of the United States are our nation’s windows to the rest of the world. Imports and exports flow through them daily, helping maintain the world’s largest economy. A key Gulf Coast port is located in Mobile, Alabama. It is one of the top 20 U.S. ports by volume. Located along the Mobile River […]
COVID threatens Chinese exports as US struggles to restock inventories
U.S. import demand is stronger than ever as inventory-to-sales ratios remain painfully low. Yet there’s rising risk to shipping volumes on the supply side of the equation: Most American containerized imports come from China and elsewhere in Asia, where the delta variant is spreading. There were two big plunges in trans-Pacific volume last year: one […]
MODE Global Announces Acquisition of RR&F Logistics
DALLAS, August 10, 2021 — MODE Global, LLC (“MODE Global” or the “Company”) announced it has completed the acquisition of RR&F Logistics (“RR&F”). RR&F, an agent of SUNTECKtts, is based out of Rochelle Park, NJ offering full-service transportation services throughout North America. Following the acquisition, MODE Global will now facilitate more than 1.5 million annual […]
Hot Shots: Mudslides, floods, wildfires and more
Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting trucking, transportation and weather. This week features a Colorado highway washed out by a major mudslide, a trucker who misjudged floodwaters, a wildfire that leveled a California town and more.
Is intermodal going off the rails?
Intermodal rejection rates peaked near all-time highs over the past month as volumes fell. Looking over the past few months, volumes, measured by FreightWaves Outbound Loaded Container Volume Index (ORAILL), were actually higher in March and April while rejection rates fell below 2%. With trucking capacity extremely tight, are intermodal providers losing market share? It […]