US-China Tensions Amplify Global Trade Shifts
Political tensions between the U.S. and China are contributing to lower container shipments between the world’s two largest economies, says Ocean Network Express CEO Jeremy Nixon.
Ports on West and East Coasts Show Sharp Decline in March
A steep, across-the-board decline in imported cargo, exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 pandemic.
Supply Chains Have Healed, Yet Their Mark on Inflation to Endure
Supply chains across the world are healing up almost as fast as they broke down. That doesn’t mean the pressure they’re exerting on inflation will disappear as quickly.
Maersk Warns of Worsening Container Demand and Inflation
One of the world’s biggest shipping companies just issued a downbeat assessment of the global economy, saying container demand will fall as much as 4% this year.
FMC's Carl Bentzel Worries Port Congestion May Impact Peak Shipping Season
With the increasing number of cargo ships on the Atlantic and Pacific coasts waiting to be unloaded nearing 150, Federal Maritime Commission member Carl Bentzel believes the upcoming peak season for retailers could be extremely challenging.
Pacific, Atlantic Ports Post Strong June Volumes
The Port of Los Angeles reported its highest container volume ever for the month of June in its 115-year history.
Port of Los Angeles Defers Empty Container Fee
The Port of Los Angeles, the U.S.’s largest for container traffic, has deferred a plan to charge ocean carriers that fail to clear empty containers off the docks and is consulting with the logistics industry on alternatives on how to cut the backlogs.
Ports of L.A., Long Beach to Fine Firms Over Container Backlog
In an effort to clear the growing backlog of containers, the ports of Los Angeles and Long Beach are charging shippers a container storage surcharge that port officials say will increase based on the number of days a unit sits in one of the facilities.
Containers Piling Up at Rail Yards Add to Port Strains
To understand why more than 100 containerships are waiting to enter U.S. ports from Southern California to Savannah, Ga., it helps to keep tabs on the congestion that’s building at another key junction of freight transportation: rail yards.
Supply Chain to Remain Backed Up Until 2022, Experts Say
Imported cargo shipments to the U.S. are expected to remain at a record or near-record levels for several more months as consumer spending continues to restart the pandemic-damaged economy. But industry experts say all of that buying is clogging an already overtaxed supply chain.