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Freight Rates Seen as a 'Smoking Gun' on Inflation - Vimarsana News

Freight Rates Seen as a 'Smoking Gun' on Inflation

By Ana Monteiro (Bloomberg) — The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last...

US Goods-Trade Deficit Narrows to Smallest in Nearly Two Years - Vimarsana News

US Goods-Trade Deficit Narrows to Smallest in Nearly Two Years

By Ana Monteiro (Bloomberg) — The US merchandise-trade deficit narrowed in November to the smallest since December 2020 due to a plunge in imports. The shortfall decreased 15.6% — the most...

US Dockworker Union Deal Will Take Months Says Seroka - Vimarsana News

US Dockworker Union Deal Will Take Months Says Seroka

By Ana Monteiro (Bloomberg) A labor deal between 22,000 dockworkers at US West Coast ports and their employers may take several months to reach, but service disruptions while negotiations continue are...

U.S. Containership Logjam Shifts to East Coast Ports - Vimarsana News

U.S. Containership Logjam Shifts to East Coast Ports

By Ana Monteiro (Bloomberg) — Ocean carriers looking to avoid logjams at the U.S.’s busiest container gateways on the West Coast are now facing even longer queues out east.  As of...

U.S. Trade Gap And Imports Hit New Records - Vimarsana News

U.S. Trade Gap And Imports Hit New Records

By Ana Monteiro (Bloomberg) The U.S. merchandise-trade deficit unexpectedly widened in December to a fresh record as imports continued to rise, outpacing shipments overseas. The gap increased to $101 billion...