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Global Freight News
Business, Logistics, Global Freight

Maersk Suing Evergreen Over 2021 Suez Canal Blockage

Shipping giant A.P. Moeller-Maersk said in an email to The Associated Press that it filed a claim against Evergreen Marine Corp., the vessel’s Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.

Samy Magdy | Associated Press
February 13, 2023
Business, Equipment, Global Freight

Maersk Sees Global Trade Contracting as Much as 2.5% in 2023

A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.

Christian Wienberg | Bloomberg News
February 8, 2023
Business, Logistics, Global Freight

Thousands of CSX Workers First to Get Paid Sick Leave

OMAHA, Neb. — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time.

Josh Funk | Associated Press
February 8, 2023
Business, Equipment, Logistics, Global Freight

Supply Chains Must Change, Says Maersk’s Ditlev Blicher

Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.

Ann Koh | Bloomberg News
February 8, 2023
Business, For-Hire, Global Freight

FedEx to Cut Management Jobs by More Than 10%

FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.

Thomas Black | Bloomberg News
February 1, 2023
Government, Business, Global Freight

Drop in Global Shipping Costs Signals Cooling Inflation, Experts Say

The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last year will contribute to an easing in price pressures.

Ana Monteiro | Bloomberg News
January 25, 2023
Business, Global Freight

Union Pacific Profit Disappoints After Costly Winter Storms

Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.

Thomas Black | Bloomberg News
January 24, 2023
Business, Logistics, Global Freight, TCA

Port of Mobile Posts All-Time Container Shipping Figures in 2022

The Port of Mobile has set a new record for annual container traffic, beating the benchmark it set in 2021 by more than 11%.

Lawrence Specker | Alabama Media Group
January 20, 2023
Business, Logistics, Global Freight

Multiple Factors Turn California Ports Into ‘Dormant Volcano’

A year ago in early January, a record 109 containerships carrying U.S. imports surrounded the twin ports of Los Angeles and Long Beach, Calif. — as of today, the queue is gone.

Laura Curtis | Bloomberg News
January 11, 2023
Business, Logistics, Global Freight

Labor Disruptions at Ports Quadrupled Globally in 2022

Labor unrest took an unusually heavy toll on ports around the world in 2022, and the outlook for continued economic instability could bring even more upheaval to global supply chains in 2023.

Ann Koh | Bloomberg News
January 10, 2023
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