Freight Rates Haven’t Bottomed Out Yet
What goes up must come down. Despite many experts saying we would never see pre-pandemic-level freight rates again when the cost of ocean shipping skyrocketed out of control during and after the [...]
What goes up must come down. Despite many experts saying we would never see pre-pandemic-level freight rates again when the cost of ocean shipping skyrocketed out of control during and after the [...]
With great capacity comes great responsibility. And the international shipping industry is about to have a giant influx of ocean freight capacity. With the arrival of March, new container ships [...]
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 [...]
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 [...]
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 [...]
This is a guest post by David Burns. Shipping regular goods is stressful enough for any business that imports or export. However, if you find yourself in a position where you need to ship [...]
2022 is just days away from being over, so it's time to look forward to 2023. We'll probably have a few posts focused on what the year will have in store for international shipping, but today we [...]
Air freight conditions for shippers are now starkly different from what they were during the pandemic. For the most part, this difference is positive for shippers. Air space and availability is [...]
This is a guest post by James Harrow. On paper, choosing a freight carrier to cooperate with might seem almost simple. After all, so long as you prioritize something with lower rates, you can [...]
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 [...]
There are lines in current news outlet articles that shippers, importers in particular, will actually be happy to read: "Trans-Pacific shipping rates have plummeted roughly 75% from year-ago [...]
For more than a year, many shippers who have always shipped by sea have turned to air freight for their heavy lifting. There's a reason 90% of goods are transported around the world by ship. [...]
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 [...]
President Biden is about to sign a piece of legislation into law: The Ocean Shipping Reform Act of 2022 (OSRA). The president claims that this "will solve a big piece of [inflation]." The [...]
Ocean freight rates are falling. Yes, they're still extremely high, but they're moving in the right direction. Greg Miller reported this week in Freight Waves that global spot rates for ocean [...]
It's generally accepted that World War II ended the Great Depression. Could the Russia conflict end America's supply chain crisis? Or at least mitigate it? Hmmm... Greg Miller wrote an American [...]
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 [...]
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 [...]