Spot container freight rates from Shanghai to U.S. ports fell about $70 per 40-foot container from last week, while rates from Shanghai to northern European and Mediterranean ports dropped more than $100 per TEU for the fourth straight week in the week of March 7. U.S-bound trade lanes have not seen an increase in seven weeks and Europe-bound lanes in nine weeks.
Trans-Pacific
Press Releases
07 Mar 2014
Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary...
05 Mar 2014
NOL Group will return to profit this year by concentrating on its core Transpacific business and reaping the benefits of its sizeable port holdings, according to one equity analyst firm.
04 Mar 2014
Container lines will continue to face challenging times in 2014 and 2015, but if they do not order a slew of new container ships over the next two years, the supply-demand economics in the major trade lanes will be brighter by 2016, according to an industry analyst.
03 Mar 2014
Vessel capacity is exaggerated but container ship lines continue to struggle to raise rates to cover costs and meet service demands, carrier executives told the JOC’s 14th annual TPM conference.
03 Mar 2014
2014 is shaping up as a hopeful year for the trans-Pacific trade, at least compared with the recent past. But if you’re looking for things to worry about, you don’t need to look far.
03 Mar 2014
Kuehne+Nagel’s operating earnings soared 20 percent in 2013 driven by market-beating growth in air freight volumes, almost doubled contract logistics profit and increased market share on the transpacific and transatlantic container trades.
03 Mar 2014
The past year has been tumultuous for the U.S. maritime industry, with powerful vessel-sharing alliances deploying mega-ships to West Coast ports, terminal operators consolidating their facilities, carriers exiting the chassis business and, on the national scene, implementation of the Affordable Health Care Act.
28 Feb 2014
Spot container freight rates from Shanghai to northern European and Mediterranean ports fell about $120 per TEU in the week of Feb. 28...
28 Feb 2014
Unifor-Vancouver Container Truckers’ Association says it will hold a strike vote on March 1 that could result in its members joining hundreds of other truckers who walked off the job...
28 Feb 2014
Multiple container lines hope to increase rates in a variety of trade lanes from March through June, although any hikes achieved could be fleeting...
28 Feb 2014
Li & Fung Logistics isn’t waiting for the worst-case scenario. The logistics division of Hong Kong-based sourcing giant Li & Fung — and other cargo owners like it who ship through the U.S. West Coast — will be watching closely over the next four months as the International Longshore and Warehouse Union and employers engage in tough negotiations on a new labor contract.
