Tag: shipping

Several global freight forwarders have suspended some services and shifted others from land to the ocean or air to avoid restrictions and disruptions in Russia and Ukraine. Freight disruptions are emerging in Europe and Asia, driven by Russia’s invasion of Ukraine, causing delays to the movement of goods and causing higher shipping costs. Forwarding executives […]

Shipping companies have significantly reduced their cargo numbers since Covid-19 hit the world. The flow of the import and export of goods was affected suddenly and has exacerbated the empty container issue. American regions couldn’t send back empty containers to be returned to Asia due to Covid-19 restrictions. Later, 2021 arrived with port congestion issues, […]

Despite continued delays at the ports of Los Angeles and Long Beach, and congestion spreading to other ports, there are signs that Asia-U.S. ocean demand is at least slightly easing. Asia-U.S. West Coast rates are unchanged this week and are trading at 16% lower than their mid-September peak. But, rising oil prices mean carriers will […]

With just about two months left to go before Christmas, the time to ship goods from one side of the global economy to the other is about to expire. That’s because China-to-U.S. transit times for ocean freight reached 70+ days door-to-door in September and October. Also, the majority of ports, railroads, and trucking companies that […]

  A lot of things have happened over the past two years that have affected shipping freight rates. There was, of course, COVID-19, but also trucker shortages, chassis shortages, equipment shortages, a vessel space crunch, the 2021 Suez Canal incident and its aftermath, the Yantian and Ningbo port closures, typhoons in Asia, blank sailings, shorter […]