freight rates
‘Contract Rates Are Clearly the Way to Go’ As Spot Market Heats Back Up
According to Drewry's World Container Index (WCI), prices for 40-foot containers rose 16 percent last week…
What Maersk’s 2024 Outlook Says About Container Shipping
The firm now anticipates total container volume growth to be in the upper end of its previously expected…
Baltimore Bridge Aftermath: Fed Sees Some Delays, But Price Surges Not Widespread
The Richmond Fed says local SMBs can manage brief disruptions, but worry about delays and higher costs if the…
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Iran’s Seizure of MSC Ship Could Bring Rise in ‘War-Risk’ Premiums
The seizure occurred near the Strait of Hormuz, spelling trouble at two separate trade chokepoints on both…
Container Shippers Lost Nearly $700 Million in Q4 2023
Global ocean carriers have seen six straight declines in earnings following a $63.1 billion windfall in the…
Air Cargo Demand Sees Double-Digit Growth for Third Straight Month
"Buoyant" international traffic is keeping the growth numbers afloat, while air cargo demand in North America…
Ocean Freight Contracts Update: ‘There’s A Lot of Shippers Who Are Just Waiting’
The largest shippers typically set the benchmark for contract negotiations, said Judah Levine, head of…
Maersk CEO: Post-Pandemic Freight Rate Declines ‘Unsustainable’
The comments come despite a likely boost into short-term profitability due to the Red Sea-driven pop in…
Red Sea Disruptions Expected to Bring Container Shipping Back to Profitability
Benefits from increased freight rates might be more visible for ocean carriers in Q2 and Q3 2024, according…
Three Killed in First Fatal Houthi Attack on Red Sea Shippers
The Red Sea disruptions have impacted European operations at Abercrombie & Fitch, and resulted in less spring…
Sky High: Air Cargo Demand Sees 18% Spike
January 2024 delivered the highest annual growth in cargo tonne-kilometers (CTKs) since the summer of 2021…
CMA CGM Makes ‘Case-by-Case’ Red Sea Return, Maersk Says to Seek Alternatives
In a Tuesday update, Maersk's North American president Charles van der Steene said "No one knows for how long…
Abercrombie & Fitch, Gap Inc. Could See Seasonal Risks From Red Sea Delays
Moody's Christina Boni explains why Red Sea-related freight rate increases won't impact many retailers'…
Could Rising Transportation Prices Signal the End of ‘Freight Recession’?
Transportation Prices grew 12.7 points into expansion territory, according to January survey data from the…
Maersk CEO: Red Sea Disruptions Could Linger ‘A Few Months, At Least’
At Davos, Vincent Clerc said he still expects longer vessel transit times, while DHL CEO Tobias Meyer warns…