According to Drewry's container freight rate index, some spot pricing from China to the US West Coast surpassed $4,000 per FEU this week, a psychological barrier that appeared to be insurmountable just last week due to admonitions from regulators in China and the US about aggressive carrier pricing.
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Equipment providers and terminal operators say excessive container and chassis dwell times at import warehouses in Southern California are the main culprit in recent congestion at the ports of Los...
With cargo volumes and spot rates out of Asia surging as the United States and other countries begin to climb out of the COVID‑19 recession, US importers are increasingly turning to non-vessel-...
Amidst confusion involving blank sailings, extra-loaders, and announcements this past week by government regulatory agencies in Beijing and Washington, spot rates in the eastbound trans-Pacific...
The US FMC said it is closely monitoring capacity and pricing conditions in the eastbound trans-Pacific, but is not yet ready to launch a fact-finding investigation or petition for legal action.
The suspension and weakening of general rate increases comes after Chinese regulators on Friday encouraged major container lines to add capacity and be less aggressive in raising their rates as US...
Given their lower handling costs and intermodal rail rates, Vancouver and Prince Rupert are poised to grab additional market share from US West Coast ports as they add capacity through expansion...
In just one month’s time, retailers have gone from a pessimistic peak-season outlook to a forecast of better-than-expected imports this fall.
US import growth from Asia and China accelerated in August after a strong July, driven by e-commerce merchandise and PPE supplies.
A steady stream of extra-loader vessels in the trans-Pacific have failed to blunt the steady increase in spot rates.
Container shortages in Asia are reaching a crisis level as carriers are desperate to secure sufficient equipment to satisfy US import needs for the upcoming peak shipping season.
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