Stay updated with breaking news from Jon Monroe. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Lisa Baertlein LOS ANGELES, Oct 20 (Reuters) – After more than two years of surging demand, the volume of container imports coming through U.S. ports has tumbled sharply, raising questions about...
LOS ANGELES (Reuters) - After more than two years of surging demand, the volume of container imports coming through U.S. ports has tumbled sharply, raising questions about where a sector once tracked as a supply-chain stress point will hit bottom.
Shippers now need to reconsider how they position operations in a changing ocean market, how to plan and secure capacity, and how to develop long-term relationships with the most reliable ocean carriers. These are discussions focused on balanced, mutual commitments from all parties in an effort to mitigate future shipping chaos.
A new report predicts the demand for data storage will soon outstrip available capacity by millions of petabytes.
Container freight market participants are looking with unease toward peak import season and beyond as booking inquiries for US imports remain under pressure amid rising inflation and weak economic outlook. Trans-Pacific volumes and booking inquiries have edged down further in the final weeks of the second quarter as shipowners report lower vessel utilization out of ...