Trans-Atlantic Trade

Once the United States' dominant international corridor, the centuries-old trade between Europe and North America has stagnated in recent years as recessions struck both continents and as Asia increased its manufacturing prowess. But while analysts would classify the trade as "mature," with little upside or downside, it's also stable, meaning carriers and shippers can plan their strategies without fear of the severe volatility seen in other east-west trades such as the trans-Pacific and Asia-Europe. For many in the trade, anticipation in recent years has centered around preparations for the onslaught of large mega-ships that will begin to pour through the Panama Canal when its decade-long expansion project is complete in 2015. Suddenly, those big ships are arriving early — but from an entirely different direction: through the Suez Canal from Asia. Driving the trend is the introduction of new 10,000-plus-TEU vessels on the Asia-Europe trade, cascading the 8,000-TEU ships that previously plied that trade to the trans-Pacific and, now, through the Suez Canal as carriers seek the economies of scale that they can’t find on the 5,000-TEU ships that are the largest that can transit the Panama Canal.

 

 

 

 

 

News & Analysis

09 Jan 2017
New UPS subsidiary Freightex will work closely with US-based Coyote Logistics.
06 Aug 2016
Concern over the fate of negotiations toward the Transatlantic Trade and Investment Partnership, the snail’s pace of eurozone economic growth, growing fears of an imminent Italian banking crisis and the U.K.’s unexpected vote to quit the European Union is undermining the calm of the trans-Atlantic container trade.
03 Aug 2016
XPO's North American LTL operations, the former Con-way, led the company's drive to its first quarterly net profit.
02 Aug 2016
Overall U.S. container trade with European countries increased in the 12 months ending Mar. 31, 2016.
13 Mar 2016
The trans-Atlantic built on its reputation as one of the few reliable trades in a troubled container shipping market in 2015, but it faces tough challenges this year that might tarnish its image.
01 Sep 2015
$10 billion industrial supplies distributor W.W. Grainger acquired a British company, Cromwell, that will help scale its online offerings in Europe,

Commentary

As cargo delays at the Port of New York and New Jersey enter their third month, customers are wondering: When will this end? Terminal operators say they expect things to settle down soon after Labor Day. That’s small comfort to port users dreading another month of expensive delays.