Spread between East, West coast ocean spot rates returns to pre-pandemic levels
The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels.
- Spread between East, West coast ocean spot rates returns to pre-pandemic levels
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Big Flexport layoffs offer potential clue to its future identity
Scrutiny over Flexport’s job cuts earlier this month points to a long-term issue for the venture-backed logistics company: a perceived lack of identity in a market that has long been skeptical of its differentiation.
Ocean shippers may ‘pay up’ for secure capacity despite weak market
Even as weak economic conditions prevail during the annual service contract negotiating cycle, it does not automatically mean shippers will be driving the hardest possible bargains with newly vulnerable carriers.
Vietnam sees surge in deep-sea vessel capacity amid trade sourcing shift
With an increased focus by importers on geopolitics and “friend-shoring,” carriers are shifting an increasing volume of deep-sea vessel capacity away to Vietnam — and away from China.
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