Ships are rerouting, air cargo is tightening, and companies are adding new war risk surcharges as the Middle East conflict disrupts supply chains.
The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.
An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher. Bad weather, longer ocean ...
HONOLULU — Ocean shipping firm Matson, BNSF Railway, and heavy-duty lock maker War-Lok will partner to enhance security for ...
The world’s fifth-largest ocean shipping line is testing real-time container visibility on 2 million containers. The post ...
Shipping analysts say ocean freight traffic is poised to remain at a high level through the end of the year; containers could become scarce in North America. Consulting firm Xeneta says in part “there ...
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and ...
Container freight rates are continuing their upward trajectory, with Q3 2024 poised to be one of the most profitable quarters in history. Recent rate increases in July are taking hold, contributing to ...
Shipping snafus are gaining steam as congestion along one major rail system is causing shippers to halt hauling ocean containers from the West Coast. According to “The Journal of Commerce,” the Union ...
LONG BEACH, California (KCAL, KCBS) -- An apparent accident involving a cargo ship at the Port of Long Beach left a mess in the ocean on Tuesday morning. Aerial footage captured around 10:30 a.m.
A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the ...
With 158 vessels carrying approximately $105 billion in ocean freight being diverted away from the Red Sea amid the risk of continuing Houthis' attacks, cargo prices are soaring. Just when Covid ...
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