Shipping Costs Soar: What's Going On?
Shipping a 40-foot container from Shanghai to New York now costs nearly $10,000, causing frustration among importers and talk of a market bubble.
Shipping Container Crunch Underway As Rates Skyrocket
A perfect storm in global trade is causing a major shipping container shortage, leading to unexpected spikes in ocean freight rates.
Chinese Hacking Targets European Cargo Shipping
A top cybersecurity firm, ESET, has uncovered Chinese hacking attempts in the European cargo shipping industry, marking the latest instance of China-aligned groups infiltrating Western economic infrastructure.
Peloton Files Federal Complaint Against Flexport Over Unreasonable Charges
Peloton has lodged a complaint against digital freight forwarder Flexport with the Federal Maritime Commission, alleging that Flexport's practices resulted in millions of dollars in unreasonable demurrage and detention charges.
Baltimore Files Legal Claims Against Cargo Ship Owners for Bridge Collapse
The City of Baltimore is holding the owner and manager of the cargo ship responsible for the tragic collapse of the Francis Scott Key Bridge last month.
March Performance Reflects Continued Challenges for Freight Industry
In March, the freight sector didn't quite hit the usual spring upswing, with the Cass Freight Index reporting that both shipments and expenditures mostly mirrored February's figures, falling short of typical seasonal patterns.
Panama Canal Is On the Road to Recovery After Dry Season
After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.
The Big Shift in U.S. Imports: More Containers, Higher Prices
Here’s a quick rundown on the latest U.S. import scene: Inflation’s not the only thing on the rise – we’re seeing a significant increase in imports from China, especially after their factories reopened post-Lunar New Year.
Progress in Baltimore Bridge Collapse Cleanup
The Unified Command, a coalition involving the U.S. Coast Guard, U.S. Army Corps of Engineers, and other key agencies, has started a crucial phase in the aftermath of the Baltimore bridge collapse.
Baltimore Bridge Collapse Has Quick Updates
In Baltimore, officials have quickly established a temporary shipping route around the Francis Scott Key Bridge collapse site to resume port operations.
Biden Commits to Federal Funding for Baltimore Bridge Reconstruction Amid Criticism
After the recent collapse of the Francis Scott Key Bridge in Baltimore due to a container ship collision, resulting in six deaths, President Biden announced the federal government's commitment to fully fund the bridge's reconstruction.
Bridge Collapse at Port of Baltimore Upends Local Logistics
The Francis Scott Key Bridge near Baltimore collapsed early Tuesday morning after a huge container ship hit one of its pillars.
Baltimore Harbor Bridge Collapse Involving Cargo Ship Dali Claims Lives
Early Tuesday morning, a major incident occurred at Baltimore Harbor.
The Panama Canal's Sustainability Struggle
The Panama Canal faced a shipping crisis due to a surplus of capacity, prompting restrictions that affected global trade.
Navigating Turbulence Among Challenges and Strategies in Container Shipping
The container shipping industry is grappling with a surplus of capacity, leading to a drop in customer rates that Maersk CEO Vincent Clerc described as unsustainable during the company's annual shareholder meeting.
EU Approves CMA CGM's Acquisition of Bolloré Logistics with Conditions to Safeguard Fair Competition
The European Commission gave the green light to CMA CGM's acquisition of Bolloré Logistics SE, with conditions, following an investigation into potential competition issues.
Maersk Expands End-to-End Supply Chain Services
Maersk is expanding its services to cover the entire supply chain, including air cargo operations.
Ammonia as a Marine Fuel is a Double-Edged Sword for Decarbonization
Ammonia has emerged as a potential marine fuel in the quest for decarbonization, but a study from Chalmers University of Technology in Sweden reveals that this alternative may create new environmental challenges.
Climate-Induced Drought Disrupts Panama Canal, Sending Ripples Through Global Trade
Climate change is causing a major headache for global trade as an unprecedented drought in the Panama Canal disrupts container traffic.
FedEx Unveils Innovative Data-Driven Commerce Platform
FedEx is set to launch a new "data-driven commerce platform" called fdx in the fall, offering comprehensive e-commerce solutions for online merchants.