Business, Technology, Logistics

Hapag-Lloyd to Install Satellite Internet on Containerships

Hapag-Lloyd AG, the biggest container shipping line based in Germany, said Sept. 21 it will install SpaceX’s Starlink internet service aboard the ships it owns and manages.

Brendan Murray | Bloomberg News
September 21, 2023
Business, Technology, Logistics

Two Flexport Executives to Leave After CEO’s Abrupt Exit

Flexport Inc. executives Teresa Carlson and Darcie Henry are leaving the company, both hired during the tenure of CEO Dave Clark, who unexpectedly departed on Sept. 6.

Brendan Murray | Bloomberg News
September 8, 2023
Business, Logistics, Global Freight

Global Ocean Shipping Costs Creep Higher

Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.

Brendan Murray | Bloomberg News
August 3, 2023
Government, Business, Logistics, Global Freight

Global Supply Chains Back to Normal, N.Y. Fed Says

Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after COVID-19 was declared a pandemic.

Brendan Murray | Bloomberg News
March 6, 2023
Business, Logistics

Logistics Managers’ Gauge Rises for First Time Since March

Supply chain activity in the U.S. picked up for the first time since March, buoyed by elevated inventories even as transportation costs slid for a sixth straight month.

Brendan Murray | Bloomberg News
October 4, 2022
Government, Business, Logistics

Containership Backlog Outside L.A. Ports Is Almost Cleared

The number of containerships headed for the California ports of Los Angeles and Long Beach — a traffic jam that once symbolized American consumer vigor during the pandemic — declined to the lowest level since the bottleneck started to build two years ago.

Brendan Murray | Bloomberg News
August 30, 2022
Business, Logistics

Spending on Merchandise Slowing, Flexport Says

The latest reading of Flexport’s Post-COVID Indicator released Aug. 16 shows it falling for a third straight month.

Brendan Murray | Bloomberg News
August 16, 2022
Business, Logistics, Global Freight

Shipping Container Lines Set to Smash Year-Old Profit Record

The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.

Brendan Murray | Bloomberg News
August 9, 2022
Government, Business, Technology, Equipment, Fuel, Logistics

Supply Chains Inching Back to Normal, Brace for Headwinds of Softer Demand

Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name his band’s next road trip after a different villain. That’s because supply strains, while still afflicting many consumers and businesses, are becoming more mundane.

Brendan Murray | Bloomberg News
July 18, 2022
Government, Business, Logistics

Logistics Gauge Shows Economy Downshifting Into Second Half

An indicator of U.S. supply chain pressure fell to the lowest level in two years, as a sharp drop in transportation costs underscores the slowdown in the nation’s economy heading into the second half of the year.

Brendan Murray | Bloomberg News
July 5, 2022