Page 14 - Freight Waves News Today

For a telling window on the global supply chain crisis, watch the market for the containers themselves: the commoditized, corrugated steel boxes that move the world’s cargo. The extremely consolidated container manufacturing industry in China built more containers than ever before in 2021: 7.18 million twenty-foot equivalent units, according to consultancy Drewry, up 130% from ...

It should come as no surprise: Just as you’re paying a lot more for gasoline at the pump, ship operators are paying a lot more for marine fuel. In fact, average marine fuel prices are rising even faster than landside fuel prices. They’re now just a few dollars shy of all-time highs, with a new ...

Port congestion — which dramatically worsened in the second half of 2021 — appears to have temporarily peaked, although it’s too soon to tell whether it’s a reprieve before the next runup, a high-level plateau, or the beginning of the end. The number of container ships waiting for berths at the ports of Los Angeles ...

It’s seemingly inevitable: As ocean carrier profits soar — and they’re now reaching historic heights — the highly consolidated liner industry will face growing accusations of unfairness and wrongdoing. The Hill reported Wednesday that Sen. Amy Klobuchar, a Senate Judiciary Committee member, “is working on antitrust legislation related to the shipping industry.” The same day, ...

It should come as no surprise: Just as you’re paying a lot more for gasoline at the pump, ship operators are paying a lot more for marine fuel. In fact, average marine fuel prices are rising even faster than landside fuel prices. They’re now just a few dollars shy of all-time highs, with a new ...

Management urged caution on earnings estimates for 2022. But the future with the bank's fully integrated payments system, TriumphPay, is much brighter.

A recent report revealed that New York has some of the worst bridges in the United States.

The timetable for a container shipping correction keeps receding into the distance, which is either very good news or very bad news, depending upon which side of the market you’re on. The first predictions for a downturn were for October 2020 after China’s Golden Week holiday. Then it was post-Lunar New Year 2021, then mid-2021, ...

A recent report revealed that New York has some of the worst bridges in the United States.

It’s still early in the reporting cycle, but initial announcements by ocean carriers point to history-making profits in Q4 2021, trouncing already stratospheric expectations. Supply chain congestion — the bane of cargo shippers — has proven to be an unprecedented money-making machine for carriers. And with congestion expected to persist, liner companies could follow up ...