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 [...]
In 2M, cargo, container carriers, container shipping, Container Shipping & Transport, exporters, exports, freight rates, importers, importing, Imports, International Shipping, ocean freight, ocean freight rates, ocean shipping, ocean shipping linesPosted
Record Imports & No More Overcapacity – Are We Really Seeing a “New Normal” in International Shipping?
As the Ports of Los Angeles and Long Beach hit record volumes of imports for March and freight rates reached a new peak, experts are telling us that the days of overcapacity, and the lower [...]
In business, carriers, container carriers, Container Shipping & Transport, economics, economy, Freight, freight rates, Global Business, Global Economy, Hanjin, Hanjin Shipping, international business, International Shipping, Maersk, ocean freight rates, ocean shipping, ocean shipping lines, shipping companies, shipping ratesPosted
I've seen a lot of headlines this year about various ocean freight carriers losing money. However, it all came to a head for me with Mike Wackett's article in the Loadstar last week with the [...]
This year has seen record low freight rates due, in part, to overcapacity. To put it simply, there has been way more space on container ships than demand from shippers to fill it. Overcapacity is [...]