As the world continues to become more interconnected, international trade has risen exponentially, solidifying relationships between countries and shaping global economies. Among these partnerships, the US-India trade connection stands out as a vital and growing link. An essential aspect of this burgeoning trade relationship involves ocean freight container shipments, facilitating a smooth flow of...
Here are some insights on three of the top freight events happening right now. The FMC can’t seem to catch a break lately. Last year, they had both shippers and carriers protesting a proposed rulemaking where they attempted to define what they classified as an “unreasonable refusal to deal or negotiate” when it came to carriers and the vessel space they made available for shippers. In a bid to fur...
Here’s our November 2022 Logistics Market Update. Earlier this month, an issue of the Global Port Tracker shared that retailers are not feeling optimistic. The prediction is that this month’s containerized imports will drop 9.2% in comparison to November 2021. Further, December imports are expected to drop 9% year-over-year, and this downward trend will continue through March 2023 at least. Click ...
The industry is used to hearing news about port congestion and ships loitering as they wait for berths—at least at the West Coast ports of Los Angeles and Long Beach. But the tide has shifted. As carriers try to escape the backlog in the west by moving to the east, the problem has followed along like an albatross. The Ports of Houston and New York now have as many containerships waiting for berths...
Sluggish supply chains could get even slower going forward. The green shipping initiative has had the industry concerned about increased costs, but now decreased speed could be a factor as well. This is because of the lack of insight shipping companies have into what type of fuel they’ll need to use. To offset that lack of knowledge, they’ll continue to use older vessels. The problem is that those...