Will New Ships Bring Freight Rates Back Down?
High freight rates have become a motif in Universal Cargo's blog over the last year. That's not surprising as freight rates have climbed and climbed, breaking record after record, much to the [...]
High freight rates have become a motif in Universal Cargo's blog over the last year. That's not surprising as freight rates have climbed and climbed, breaking record after record, much to the [...]
Over the last year, international shipping has been marked by container and equipment shortages, port congestion, high demand, lost containers, rolled containers, and – of course – outrageously [...]
A couple months ago, we blogged about carriers making billions with these high freight rates shippers are being forced to choke down. Well, that was nothing. Wait until you hear this.... If [...]
This is a guest post by John Nicks. The pandemic triggered many changes in various industries all across the world. One of the most affected areas is shipping costs. As the prices go up, the [...]
This is a guest post by Brad Smith. Cryptocurrencies, and the underlying technology, blockchain, have made waves around the world over the past few years. News headlines have highlighted the [...]
It’s a classic case of good news, bad news. After Tuesday’s bad news blog about Yantian Port’s partial shutdown lingering and creating a “worse-than-Suez” level of [...]
Our last post was an excellent guest article by Jake Rheude about being ready for the next Suez-Canal-level-disruption to the global supply chain, and your business's supply chain in particular. [...]
This is a guest post by Jake Rheude. The core lesson of 2020 and 2021, so far, is that many global supply chains are one bad day away from breaking. An outbreak at a single fulfillment location, [...]
The Journal of Commerce (JOC) published a very interesting article by Larry Gross. Gross is president and founder of Gross Transportation Consulting and a JOC analyst. Despite the dramatic growth [...]
This is staggering. Over 3,000 shipping containers fell into the Pacific Ocean last winter, Tim Lydon reports in the Revelator. We're not talking about all shipping containers lost throughout the [...]
One of the factors adding to port congestion is backups with getting shipping containers onto trains. Railroads point to inland supply chain constraints, such as shortages of chassis at inland [...]
I made a prediction in Tuesday's blog post about this year's peak season. That post wasn't actually about predicting what will happen with international shipping in the upcoming months, so the [...]
From the West Coast to the East Coast, congestion has been a problem at the ports all year. Congestion at the country's busiest ports – the Ports of Los Angeles and Long Beach – has been [...]
There are three international shipping news stories making headlines this week that shippers should know about. These are the kind of stories that affect U.S. importers and exporters' bottom [...]
We've been watching freight rates rise to new heights, breaking record after record, for a year. Is it possible for freight rates to get worse? Yes. And they have. After a period of months with [...]
For years, ocean carriers struggled with overcapacity. It pushed freight rates low, and they lost billions. Over the last couple years, carriers learned more discipline with capacity. Over the [...]
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 [...]
As ports are congested on both coasts of the U.S., there's a fully capable terminal at the Port of Charleston where carriers are not sending their ships. Rather than call at this terminal, [...]
Freight is an essential part of your business. You need to get your products to your customers, but you rely on various shipping methods to get the job done. That makes freight shipping rates a [...]
This is a guest post by Victor Harper. Logistics, as we know it today, is an essential part of every successful business. You can see its wide application in commercial, non-commercial, [...]