On Thursday, Universal Cargo's blog was about MSC and Maersk announcing they're ending the 2M Alliance. The world's top two shipping lines said they're doing this to "pursue individual [...]
In the last blog, we looked at how – with the slowing economy – retailers and shippers are decreasing their imports and expected to keep doing so in 2023. As discussed, that should mean [...]
It's kind of a good news, bad news situation. Or more accurately, bad news, good news situation. Because of the slowing economy (bad news), freight rates should see decline (good news) in the [...]
On Friday, the Federal Maritime Commission (FMC) served its initial decision, fining Hapag-Lloyd over $800,000 for violating the Shipping Act by assessing unfair detention fees against a drayage [...]
In case you haven't heard, Evergreen has had another costly and public debacle. No, this isn't a story about Hilary Clinton; Evergreen being her code name from the secret service is just [...]
On Tuesday (March 15th, 2022), the Biden Administration put out a "fact sheet" in announcing a freight data exchange program with the intention of improving the still badly congested supply [...]
The Biden Administration's port envoy is stepping down reports Peter Tirschwell in the Journal of Commerce (JOC): John Porcari, the White House’s port envoy, will step down from the role in [...]
Ocean freight carriers, which have been in the driver's seat for the last couple years when it comes to freight rates, are utilizing their leverage right now to negotiate enormous contracts with [...]
One of the top stories in the Journal of Commerce (JOC) yesterday (January 31st, 2022) was CMA CGM acquiring "a majority stake in European last-mile logistics specialist Colis Privé, a parcel [...]
Keith Wallis reported in a Journal of Commerce article this week that South Korea's Fair Trade Commission fined ocean freight carriers over $80 million for collaborating in setting freight [...]
In July, I went out on a limb as seemingly the only one in the shipping industry to predict ocean freight rates could fall by the end of the year. I turned out to be right. YAY! Headlines like [...]
The Ports of Los Angeles and Long Beach announced another postponement in the assessment of the enormous fees they originally announced were going into effect on November 1st. When announced, the [...]
It appears the Ports of Los Angeles and Long Beach and their partners think they can climb out of congestion by charging hefty fines on cargo containers stuck on the docks. Big surcharges, [...]
Check out the Ships Gonna Happen Podcast. Shipping professionals Tony B., David B., and Timmy D. do a great job with the show. On Saturday's episode, they interviewed Universal Cargo's own Jared [...]
Mike Wackett wrote an article in the Loadstar that might make shippers consider ocean freight spot rate indices and the fees ocean freight carriers have been charging to guarantee service as [...]
An intriguing story broke in the international shipping industry at the start of this week. A shipper made a move that has the potential to be disruptive to ocean carriers, who run the world's [...]
Maritime research firm Drewry is predicting the same thing we've been saying here in Universal Cargo's blog for a while: high freight rates aren't going away with the pandemic. Mike Wackett [...]
Soaring freight rates for the last year plus have significantly cut into shippers' profits. Not surprisingly, these sky-high freight rates have had the opposite effect for carriers. But just how [...]
As the Ports of Los Angeles and Long Beach hit record volumes of imports for March and freight rates reached a new peak, experts are telling us that the days of overcapacity, and the lower [...]
Shippers importing goods from anywhere in the world – but especially China and other Asian countries – should expect to experience delays and fees. Right now, ports in Asia and the U.S. are [...]
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