Asia’s largest ports are showing signs that congestion is easing ahead of the holiday season, a potentially positive step for key trade gateways in the U.S. that are still battling an influx of imports.
Ocean freight rates, which have pummeled retailers and manufacturers throughout 2021, may take more than two years to return to normal levels if past market cycles are any guide.
Raul Alfonso, chief commercial officer with Port Tampa Bay, discusses how the pandemic and surge in consumer buying have motivated international shippers to seek alternative gateways, in order to avoid congestion at major port complexes.
Few tools of the global economy have survived without major innovations as long as the shipping container. The supply ructions around the world are presenting an opportunity to test that incumbency.
The $100-per-day fee for containers was put on hold until Nov. 22 because the ports have seen a “significant improvement in clearing import containers” in recent weeks.
At the Port of Savannah, one of the busiest U.S. trade gateways, containers are stacked up like colorful children’s building blocks stretching as far as the eye can see.
The Clydebank Declaration on green shipping was unveiled Wednesday at the COP26 climate summit in Glasgow, Scotland, and signed by 19 nations including the U.S., U.K., Japan, France and Germany.
The U.S.’s busiest port complex in southern California has more demand than it can handle — and that’s left smaller hubs along the nation’s coastline angling for some of that business.
A month after Texas poached Tesla Inc.’s headquarters from California, it’s now trying to attract freight carriers dealing with near-record backlogs at the U.S.’s largest ports of Los Angeles and Long Beach.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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