Beta is spinning over the western Gulf of Mexico, drifting toward Texas. It will probably make landfall near the San Antonio Bay, Texas, area Monday night. With prolonged rainfall and storm surge in the forecast, some ports in Texas have already closed. According to the U.S. Coast Guard, these ports are Houston, Freeport, Victoria, Galveston […]
The Port of Los Angeles had its best month ever in August, but Executive Director Gene Seroka wasn’t sipping champagne during Tuesday’s press conference on volumes. “One month or even one quarter does not make a trend,” Seroka said. “Despite this import surge that we’re seeing, the U.S. economy and global trade face significant challenges. […]
In tanker and dry bulk shipping, the rate is the rate. It’s whatever the market says it is. It can be below zero (net of costs). It can be six figures per day. No government can intervene. This is definitely not the case in container shipping. Record-high trans-Pacific spot rates and container-equipment shortfalls in Asia […]
After a three-week lull, prices for air exports from China have turned noticeably upward, a trend most international trade professionals expect will continue through the end of the year as the traditional peak shipping season overlaps with high demand for coronavirus medical supplies and online retail orders, and major product releases from big tech companies. […]
A.P. Moller-Maersk’s (OTCMKTS: AMKBY) announcement earlier this week that it will integrate the air cargo and less-than-container-load (LCL) services of its subsidiary Damco into the Maersk brand has some customers checking their options. Shippers remain unclear how the absorption of Damco into Maersk will impact their overall logistics contracts with the longtime third-party logistics services […]
The nation’s ports are seeing some improvement in business, compared with spring, even as the U.S. economy continues to struggle amid the COVID-19 pandemic. The uptick comes as officials at three California ports — Los Angeles, Long Beach and Oakland — report operations at their facilities have been spared by the wildfires, which have killed […]
The American trucking industry has filed a cease-and-desist request with the U.S. Federal Maritime Commission (FMC) over what it says are ocean container carriers distorting the cost of chassis usage. The American Trucking Associations’ Intermodal Motor Carriers Conference (IMCC) filed the complaintagainst the Ocean Carrier Equipment Management Association (OCEMA) and 10 of its ocean carrier […]
Airfreight rates to the U.S. plateaued in mid-August after rising for more than a month, influenced by a drop in demand from South China and passenger airlines temporarily adding more capacity. Still, finding affordable air transport in Southeast Asia, writ large, is difficult. The dip freight activity isn’t expected to last long as retailers gin […]
After operating thousands of cargo-only passenger flights since late March, Cathay Pacific has deployed two widebody aircraft with seats removed to maximize floor loading of cargo in the passenger cabin. The Hong Kong-based airline removed the economy and premium economy seats from two Boeing 777 passenger planes to create more space for personal protection equipment and […]
The U.S. agriculture industry has faced numerous headwinds during the COVID-19 pandemic, and with harvests just around the corner, there is a trend developing that could impact the availability of the industry’s desired 20-foot containers. Containership lines’ blank sailings over the past few months sparked a strategy for importers to favor 40-foot containers instead of […]
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