freight rates
The Red Sea Crisis May Have Prevented an Overcapacity Crunch
Average capacity offered on Asia-to-Europe routes has increased just 8.8 percent, despite 31 percent more…
ILA, USMX Reportedly Set Jan. 7 Return to Contract Negotiations
A resumption in talks would give the parties just over a week to avoid a second dockworker strike at East and…
Maersk: East Coast Port Negotiation Standoff Remains ‘Unchanged’
The ocean carrier is sending a message to customers ahead of a possible second strike at the East and Gulf…
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Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed…
Trump Supports ILA’s Anti-Automation Posturing. What Happens Now?
Analysts suspect the USMX would see this as "an obvious defeat," but that they could benefit from a…
China’s Air Cargo Exodus Floods the US Ahead of Holiday Uncertainty
Expected tariffs on China-made goods and de minimis reform are convincing companies like UPS, DHL and DSV to…
Hapag-Lloyd CEO Cautious on Trump Tariffs, but Praises ‘Very Healthy’ Demand
Rolf Habben Jansen said it was "difficult to judge" how much of the high container demand is due to…
Container Market’s ‘Sustained Demand’ Banks $2.7 Billion Profit for CMA CGM
The ocean carrier also reneged on a recent decision to return to the Suez Canal via its India-to-U.S. East…
Report: Russia Provided Satellite Data for Houthi Attacks on Red Sea Shipping
The WSJ says the U.S. is worried Russia could provide the militants with anti-ship or anti-aircraft missiles…
Maersk Raises Earnings Guidance For Fourth Time in 2024
The carrier attributes the bump to its third-quarter results, strong container market demand and ongoing Red…
Here’s How Much Asia-to-US Container Rates Could Jump on a 1-Week Port Strike
As of Thursday, 54 ships waited outside nine top U.S. ports impacted by the strike, but Everstream says that…
An Imminent East Coast Port Strike Spells Another Spike in Freight Rates
As the clock ticks on the ILA-USMX contract negotiations, ocean freight rates could elevate into 2025 if a…
Trump’s New Tariff Plan Could Spell Another Surge in Container Prices
Concerns about higher prices ahead of the election could result in another pulling forward of goods if…
An East Coast Port Strike Means Spiking Air Freight Rates, Space Scarcity
Flexport's Thomas Kempf says the combo of elevated freight rates and a strike is a "really dangerous mix" as…
Ocean Carrier Alliances are Taking Shape for 2025
MSC wants to prove it's the industry's stand-alone powerhouse, offering shippers both Suez Canal and Cape of…