Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 07/16 · 02:32 PM · LM Editorial
Total container volume—at 696,847 Twenty-foot Equivalents (TEU)—were up 8.75 percent annually and were below May and April, which hit 731,352 TEU and 707,182 TEU, respectively.
Posted 07/11 · 10:20 AM · LM Editorial
The recent successful implementation of significant rate restoration initiatives by carriers in the core east-west trade lanes means that most are now operating above break-even, said analysts with Drewry’s Container Research – a London-based industry think tank
Posted 07/11 · 08:56 AM · LM Editorial
The report is calling for July import cargo volume to increase 1.6 percent annually, with modest annual gains expected in subsequent months into the holiday shipping cycle.
Posted 07/09 · 08:12 AM · LM Editorial
While much of the money will be used to enhance the port’s rail network, there will also be substantial investment made to make Oakland more secure
Posted 07/02 · 09:38 AM · LM Editorial
The ongoing economic malaise in Eurozone nations is not likely to see any meaningful signs of improvement in the near future. That was the main message in the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Posted 07/01 · 10:00 PM · LM Editorial
The logistics industry has yet to climb back to the profitability it hit in 2007–the precipice from which it dropped during the recession. According to the report’s author and industry analysts, it may be a while until the overall industry hits full stride again.
Posted 07/01 · 06:00 AM · LM Editorial
If you’ve been keeping one eye on ocean fuel (“bunkers”) pricing as I have, you know that the slowdown in the economy has had a pleasing effect on fuel prices.
Posted 06/27 · 09:17 AM · LM Editorial
Three U.S. Reps lament the lack of progress being made when it comes to maritime security.
Posted 06/26 · 08:49 AM · LM Editorial
Each year the Agriculture Transportation Coalition surveys a broad and diverse cross-section of the U.S. agriculture and forest products exporters and importers, from all geographic locations, of virtually all dry and refrigerated products, via dry and refrigerated container, to determine the ocean carrier performance
Posted 06/25 · 09:01 AM · LM Editorial
Governments, shipping organizations, companies, ship owners and all other parties concerned are invited to promote and celebrate the day in an appropriate and meaningful manner.