International Freight Shipping

International Freight Shipping

News relating to the import and export business, including customs, current economics and more.

Commentary

The transloading trend is placing severe pressure on the largest container gateway in the Americas, where the adjacent Los Angeles and Long Beach ports handled a combined 14.4 million 20-foot-equivalent units last year.

News & Analysis

17 Dec 2014
Rising volumes propelled FedEx profit up 23 percent year-over-year to $616 million in its second quarter ended Nov. 30, the second-largest U.S. transport operator reported today.
16 Dec 2014
The price per metric ton for both low and high sulfur fuel dropped almost 10 percent during the week of Dec. 12, the second consecutive week of large losses.
15 Dec 2014
Ocean carriers will reap considerable financial benefits from cheap oil in 2015 if prices stick close to current five-year lows, but shippers will be the big winners, according to Drewry Shipping Consultants.
13 Dec 2014
Delays in receiving holiday sale inventory will likely affect fourth-quarter results of some shippers as they incur the added costs of diverting cargo and lost sales.
10 Dec 2014
Spot freight rates are falling faster than the bunker fuel price and helping to erase any long term gain in profitability for the over-supplied container shipping industry.
08 Dec 2014
Fuel prices out of Rotterdam, a leading global indicator of the broader fuel market, dropped over 10 percent last week, the latest in a downward spiral that began in July.
08 Dec 2014
Congestion at Asia ports this is year is continuing to force intra-Asia carriers to charter feeder ships more frequently and for shorter time periods in order to maintain weekly schedules.
02 Dec 2014
Ongoing congestion at the ports of Los Angeles and Long Beach continued to hurt the schedule of reliability of carriers calling the largest port complex in the Americas last month, according to SeaIntel Maritime Analysis’ latest Global Liner Performance Report.
28 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
25 Nov 2014
The idle container ship fleet has fallen to its lowest level since the global financial crisis erupted in late 2008 , as port congestion on the U.S. West Coast and in Manila keeps vessels in work.