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“Cost of shipping between the U.S. and China plunges” blared a headline in early October, citing a reported halving of rates in a matter of days. Was this the beginning of the end of sky-high trans-Pacific shipping costs, the onset of the correction importers have been waiting for? Turns out it wasn’t. Spot rates for ...
When dry bulk shipping rates are very high and someone tells you they’re “volatile,” it’s a euphemism for: Don’t be surprised if they fall off a cliff. They’ve fallen off a cliff. On a positive note, the climber hasn’t plunged all the way to the valley yet. He’s still clinging to the rocks partway down. ...
PORTLAND, Ore. — Daimler Trucks North America (DTNA) is discontinuing the Western Star 5700 XE at the end of the year. DTNA spokesman Fred Ligouri wrote
Before coronavirus, there was norovirus. Thousands of cruise passengers fell ill each year. “Cruises from hell” blared headlines alongside eye-catching pictures of giant ships. In fact, the vast majority of people sickened by the bug weren’t infected on cruises, but given the media spotlight, norovirus became widely known as the “cruise virus.” Now we have ...
The cure is worse than the disease, say critics of an emergency plan of the ports of Los Angeles and Long Beach backed by the Biden administration. If you think port congestion is bad now, just wait for what comes next. On Wednesday, two days after the ports of Los Angeles and Long Beach announced ...