Bottlenecks Wear Down World Economy’s Fleet of Containerships
Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days.
Drones Could Help Bridge the Economic, Social Divides for Vaccine Distribution
The challenge of ensuring equitable distribution of the coronavirus vaccine is one of global scale, and the city of Miami provides a backdrop for the social and economic divides that the medical community must overcome.
Boatloads of Cargo Off Los Angeles Grind Gears of World Economy
A flotilla of almost a dozen cargo vessels sits anchored just south of Los Angeles this weekend, waiting for berth space. Around the twin ports of L.A. and Long Beach, shipping containers already are stacked five and six high — the maximum the fire department will allow.
Vital World Trade Route Roiled by Container Crunch
The humble shipping container has a new status in the COVID-19 pandemic: hot commodity.
Vaccine Cargo Cavalry Sizes Up Readiness of Historic Airlift
The medical industry’s dash to produce the world’s first coronavirus vaccines in just a few months is heightening the urgency for the workhorses of global trade to be ready for the historic charge to defeat the disease.
Shipping Industry Hit With Second Cyberattack in Week
The global shipping industry sustained a second cyberattack within a week that’s raising concern about disruptions to supply chains already straining to move goods heading into the usual peak season for consumer demand.
Crunch Time Coming for World’s Supply Chains
COVID-19 is about to put the global trading system through its most dramatic stress test since World War II, with supply lines for essential food and medical goods entering a critical phase as the pandemic peaks in the U.S. and Europe.
WTO: Slump in Global Goods Trade to Deepen With Coronavirus
Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization.
Cass Freight Index Signals US Economic Contraction by Year’s End
The Cass Freight Index, a monthly measure of rail, trucking and airfreight volume, dropped 3% in August from a year earlier, the ninth consecutive month of declines.
US and China Locked in New Tariff Stare-Down
Labor Day picnic products are just a sampling of the more than 3,200 categories of Chinese goods targeted for the new tariff starting Sept. 1, barring a last-minute flinch by President Donald Trump.