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 [...]
Shippers, get ready for the freight rate war saga of the ocean carriers to continue. Perhaps the biggest reason for shippers to pay attention to what's happening with carriers is because it [...]
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 Joe Webster. Most U.S. imports are transported via ocean freight or air freight. However, air freight primarily deals with shipments of perishable goods and other [...]
It's become something of a habit when talking about the sister ports of Los Angeles and Long Beach to mention they're the busiest port complex in the U.S. in terms of cargo volume brought in [...]
Kim joined Universal Cargo as an Account Manager in November of 2019. She has over 10 years of experience in the freight industry and loves helping customers with their shipping needs. She likes [...]
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 [...]
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 [...]
By all reports, the International Longshore & Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) are still far away from reaching terms on a new master contract. And now [...]
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 [...]
The Wall Street Journal headlined an article yesterday with "Ocean Shipping Rates Have Plunged 60% This Year." Costas Paris reports in the article: "The cost to ship a 40-foot container from [...]
West Coast ports, East Coast ports, Gulf Coast ports... we're seeing congestion all over. A great deal of the focus lately has been on congestion at East and Gulf Coast ports as many shippers are [...]
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 [...]
The Port of Oakland can no longer claim operations have not been affected by truckers striking over the California's Assembly Bill 5 (AB 5), which ends the independent owner and operator model of [...]
As of Friday (July 1st), the master contract between the International Longshore & Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) for all the dockworkers at West Coast ports is [...]
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 [...]
There is still no end in sight to the horrific Shanghai lockdown, where the Chinese government has actually barricaded people inside their homes, worsening the struggle for citizens to get food [...]
China’s atrociously insane “Covid Zero” policies have Shanghai, a central hub for international shipping and the third most populous city in the world, in an indefinite [...]