Excess capacity hangs over recovering container market: Maersk CEO
Sailing the longer voyages around southern Africa has allowed carriers to address their excess capacity challenges, but that is a…
HMM plans for THE Alliance revamp with SM Lines trans-Pacific slot deal
The tie-up is part of a wider move by individual members of THE Alliance to broaden their respective networks and…
US HHG imports await housing recovery after two-year tumble
Elevated mortgage rates and inflation continue to drag down new home construction and remodeling activity, two of the major drivers…
Red Sea rate effect spreads to other trade lanes as demand rises: Maersk CEO
While the carrier is seeing robust volume gains across its main trade lanes, the transits around southern Africa are absorbing…
CMA CGM turns to tech provider to boost invoice accuracy for key accounts
The auditing initiative between the carrier and software vendor OpenEnvoy was kickstarted by CMA CGM’s ZEBOX technology incubator, which connects…
Destocking, Asian demand power rebound in North American resin exports
With US manufacturers shrinking their plastics inventories, overseas buyers are taking up an even more important role for North American…
Import surge boosting rail container dwells at some LA-LB marine terminals
Yusen Terminals in Los Angeles is already holding twice its normal inventory of rail containers and is draying some of…
Resilient US economy, AI recharging US electronics imports
US electronics imports are rebounding after a two-year decline as consumers replace devices purchased during the COVID-19 pandemic with newer…
Capacity injection sends India-US spot rates sharply lower for May sailings
ONE’s West India-North America Express (WIN) service is set to debut at Nhava Sheva with a May 12 call from…
Shippers, forwarders add tight ocean space to Asia-Europe market challenges
European importers are shrugging off gloomy economic forecasts, but rising volume out of Asia is putting pressure on available capacity…