Business, Logistics

WTO Says Record Global Trade in Goods Might Be Nearing a Peak

Global trade in goods might be close to plateauing — albeit at a record level — amid an outlook clouded by regional imbalances and coronavirus outbreaks that slow economic activity, the World Trade Organization said.

Brendan Murray | Bloomberg News
August 18, 2021
Government, Business, Technology, Logistics

Containership Bottleneck Nears Its February Record

The biggest U.S. trade gateway with Asia is clogged with the most inbound container vessels in more than six months, threatening to extend transportation delays, bite further into margins for American importers and boost prices for consumers.

Brendan Murray | Bloomberg News
August 16, 2021
Business, Logistics

Georgia Port Chief Sees US Import Surge ‘Easily’ Lasting Into 2022

The head of one of the largest U.S. gateways for trade said robust demand for imported goods likely will be sustained into 2022 as companies scramble to rebuild stockpiles during an uneven rebound from the pandemic.

Brendan Murray | Bloomberg News
July 20, 2021
Government, Business, Logistics

229% Surge in China-US Shipping Costs Drives Inflation Pressure

The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports amid slower recoveries from the pandemic from Europe to Asia.

Brendan Murray | Bloomberg News
July 8, 2021
Government, Business, Logistics

Here’s Why You Should Christmas Shop Early

If it seems like shipping delays and soaring delivery costs aren’t getting any better, it’s because by some metrics they’re both getting worse.

Brendan Murray | Bloomberg News
June 28, 2021
Government, Business, Logistics

Top Maritime Regulator Sees Shipping Snarls Lasting to 2022

The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs.

Brendan Murray | Bloomberg News
June 9, 2021
Business, Logistics

Shipping Container Rates Top $10,000 From Asia to Europe

The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.

Brendan Murray | Bloomberg News
May 27, 2021
Business

L.A. Ports Are Slowly Chipping Away at Ship Backlog

Ship congestion outside the busiest U.S. gateway for trade with Asia eased over the past week, with the number of container vessels waiting to enter the twin ports of Los Angeles and Long Beach staying below 20 for five straight days.

Brendan Murray | Bloomberg News
April 26, 2021
Business, Logistics, Top 50

Hapag-Lloyd CEO Says Ocean-Shipping Demand Staying ‘Very Strong’

Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year.

Brendan Murray | Bloomberg News
April 9, 2021
Business, Equipment, Logistics

Shipping Pallets Stage Pandemic-Era Rally

After carrying the weight of the global economy since World War II with little fanfare, the lowly shipping pallet is finally commanding some respect.

Brendan Murray | Bloomberg News
April 9, 2021