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How Long Will this Downward Pressure on Freight Rates Last?

After a couple years of out of control, skyrocketing freight rates, ocean freight pricing finally came tumbling down. Freight rates have gone from peaks, including cargo routes getting carriers [...]

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Transpacific Freight Rates East, West Coast Spread Is Back to Pre-Pandemic Levels

Ocean freight rates have fallen, for which U.S. importers can rejoice. Readers of Universal Cargo's blog certainly don't need a recap of how freight rates skyrocketed during the pandemic, thanks [...]

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How MSC and Maersk’s 2M Alliance Split Will Affect Shippers

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 [...]

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2M Alliance Coming to an End as Maersk and MSC Finally Split

Like a bad hairstyle fad, the 2M Alliance is coming to an end. But that end won't be abrupt. The process is not as simple as combing hair along a part, sending this section of hair that way and [...]

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More ILWU Port Disruption & Terminals Cutting Man-Hours as Contentious Contract Negotiations Drag

More International Longshore & Warehouse Union (ILWU) disruption is happening at West Coast ports, particularly at the Port of Oakland, as contract negotiations don't appear to be getting [...]

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Ocean Imports Drop, Trucking Jobs Plummet, Air Freight Peak Season Disappears

Imports for the end of the year were already expected to decline, but at the end of last week the expected decline for October basically doubled. November and December's expected decline [...]

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What’s Actually Happening with Freight Rates Right Now

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 [...]