Biden Pushes to Lower Ocean Shipping Costs
WASHINGTON — President Joe Biden launched a renewed push June 9 to reduce the costs of shipping goods across oceans, a major challenge for retailers that the White House said has pushed up prices as the world emerges from the coronavirus pandemic.
US Ports’ Digital Tools Lag Overseas Counterparts
The giant ports in Southern California and across the U.S. greatly lag their counterparts in Europe and other regions using digital technology to optimize operations. That was the consensus of a panel discussion at the Metrans International Urban Freight Conference.
Ports Maintain High Volumes in April
Imports continue to dominate the cargo at the nation’s ports, and the nation’s busiest — the Port of Los Angeles — reported its second-busiest April in its 115-year-plus history,
China’s Port Lockdowns Threaten Domestic Trucking
China locking down key port cities because of a new outbreak of the coronavirus could have serious ramifications for trucking in the United States.
Sen. Klobuchar Presses Passage of Shipping Bill
As supply chain woes continue to affect the commercial transportation industry, Sen. Amy Klobuchar called on colleagues to pass legislation meant to facilitate the movement of freight at the nation’s ports.
Ports on Both Coasts Set Records in March
Container ports in March were operating at, or near, record levels on the Pacific and Atlantic coasts.
Warren Says Ocean Freight Alliances Add to Inflation
Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to transport goods around the global economy.
Biden Calls for Changes to Shipping Act to Improve Competition
President Joe Biden and some members of Congress are calling for ocean carriers to lose their limited antitrust immunity under legislation that has been introduced in the House of Representatives.
March 2, 2022Bulk Shipping Rates Extend Slide on Weak Demand From China
A slowdown in China’s steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from October’s peak.
Ocean Shipping Rates Driving Inflation, Experts Caution
Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers — and leaving smaller companies and their customers from Spain to Sri Lanka paying more for just about everything.