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 [...]
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 [...]
When the International Longshore & Warehouse Union (ILWU) master contract expires, it tends to be bad news for U.S. shippers. Often, a great deal of the focus is on retailers importing from [...]
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 [...]
Maersk doesn't believe any of the ocean freight carriers outside of itself and Mediterranean Shipping Company (MSC) have the ability to stand alone. For this reason, the company doesn't believe [...]
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 [...]
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 [...]
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 [...]
2022 is nearly over, so it's time to look back on the year and digest what happened. Here at Universal Cargo, we like to count down the top international shipping news stories we covered from [...]
Importers, and shippers in general, had a rough couple of years when it came to international shipping after the pandemic hit. But the landscape, or ocean-scape, looks quite different now. [...]
There was more port disruption this week as the International Longshore & Warehouse Union (ILWU) contract negotiations drag on. And shippers can expect this to continue for some time. By all [...]
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 [...]
Shippers are preparing themselves for the more and more likely outcome of a rail strike in November. Union Pacific CEO Lance Fritz went on CNBC, laughing off the idea of a perspective strike on [...]
Mediterranean Shipping Company (MSC), the world’s largest ocean freight carrier by capacity, has been making moves that could position itself to leave the 2M Alliance it has with Maersk, [...]
Fears are rising again over a supply-chain-halting potential rail strike as the third largest rail worker union voted to reject the tentative agreement reached just weeks ago. More and more, it [...]
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 [...]
This is a guest post by Jake Rheude. Peak season is here, and supply chain management processes for it are already in place. But as every logistics professional has learned, an entire chain can [...]