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The Present Struggle of the International Shipping Industry

It's no secret that the international shipping industry, even for all the supply chain disruptions and bottlenecks, did very well during the pandemic. There was a shipping demand boom, but now [...]

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ILWU Claiming “Tentative Agreement” on “Certain Key Issues” Doesn’t Mean Much

The International Longshore & Warehouse Union (ILWU) claimed today to have reached a "tentative agreement" with the Pacific Maritime Association (PMA) on "certain key issues." Immediately, it [...]

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ILWU Action Closed Ports of LA & LB Last Week, Slowed Opening This Week

The Ports of Los Angeles and Long Beach suddenly shut down Thursday night. The closure of the country's busiest port complex continued Friday. "Terminals noted they closed due to labor [...]

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Legislation & Regulatory Spending Increasing in Ocean Freight Shipping

While the Federal Maritime Commission (FMC) seems to still be figuring out how to enforce the Ocean Shipping Reform Act of 2022 (OSRA), it seems more shipping reform is on the way. John [...]

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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 [...]