Rate of US import declines to slow into third quarter: retailers
The year-on-year gap in monthly import volumes will only narrow as shippers start to ramp up back-to-school and seasonal product ordering, says the National Retail Federation.
- Hamburg Sud hit with $10 million FMC judgment in shipper retaliation case
- Seattle effectively shut, vessel backup builds in LA-LB amid ILWU job actions
- US truckload spot rates likely nearing bottom: analysts
- Latest ILWU job action further energizes West Coast cargo diversions
- Stage set for IMO to provide strong direction on decarbonization path
Weaker ocean rates, China sourcing shift drive rise in LCL shipments
An emerging trend of sending smaller shipments more frequently is leading to growing demand for LCL services across the major trade lanes.
Hong Kong struggles to recover volumes lost amid South China cargo shift
Shippers and port executives say the post-COVID shift of cargo back to Hong Kong is being hampered by the global slump in demand as developed countries grapple with elevated inventories and inflationary pressures.
Slow demand, rising capacity drags air cargo rates to three-year low
Air cargo carriers are set for a bleak few months, with high inventory levels and economic issues in destination markets further dampening the traditionally slow summer season.
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- ILWU shuts down some US West Coast port terminals
- ILWU Canada threatens strike at Vancouver, Prince Rupert
- UPDATE: USWC disruptions continue as ILWU flexes power amid wage, manning gap with employers
- USWC longshore contract talks resume while terminal disruptions continue
- Large US truckload carriers reined in capacity in Q1: Journal of Commerce index