The leadership of the Federal Maritime Commission says it is becoming worried that ocean carriers may be assessing unfair detention and demurrage charges at the Ports of Los Angeles and Long Beach, Calif., as well as the Port Authority of New York and New Jersey. In the past several months, those ports and several others […]
To say that current trade conditions are challenging would be an understatement, particularly in North America, which is experiencing an unprecedented surge in imports from Asia. This COVID-19-related cargo surge was not expected, it is not clear how long it will last and we must manage our way through it in the short term.
Now that the ONE Apus has berthed in Japan, investigators can begin to sort through what could be thousands of damaged containers on the ship’s deck. This is in addition to the 1,816 containers reported lost at sea.
“The ships are 100% full. The containers are 100% full. You can’t get a container built. You can’t pick up a ship from the spot market. The whole container-shipping cycle is at absolutely full pelt,” exclaimed Jeremy Nixon, CEO of Ocean Network Express (ONE), the world’s sixth-largest container line. October’s ocean container market is “unbelievable,” […]
The third-ranking Democrat in the House of Representatives is asking four cargo airlines to return more than $630 million they received in emergency funding to keep workers from losing their jobs during the coronavirus pandemic, saying they aren’t entitled to the money because cargo business is roaring. South Carolina Rep. James Clyburn, the majority whip […]
The limited passenger service worldwide is keeping a lid on airfreight volumes, which should be growing faster based on strong global manufacturing activity and retail sales as the world adjusts to the coronavirus. The International Air Transport Association reported this week that air cargo demand in August improved nearly two points from July, but was […]
No one predicted a U.S. import surge in the middle of a pandemic — but it’s happening. The big question now is: How long can this last? The answer has key implications for ocean spot freight rates and contract renewals, port throughput, and landside volumes for trucking and rail. Investment bank Jefferies issued an exceptionally […]
Beta made landfall along the central Texas coast overnight. As of early Tuesday, it was centered just east of Victoria, Texas, producing sustained winds of 40 mph. Monday afternoon, the U.S. Coast Guard placed the Port of Corpus Christi under port condition Zulu. This means inbound and outbound traffic has been suspended. The ports of […]
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. […]
©2023 MODE Transportation, A MODE Global Company / Terms of Service / Privacy Statement / Mexico Privacy / Supplier Code Of Conduct / Cookie Policy / Website Terms & Conditions / Human Rights Policy