So much for the theory that container lines are a nefarious cartel capable of controlling freight prices – spot rates continue to fall more than a year after peaking. “This cliff from which rates have fallen shows that there is more competition in the market than many people feared,” Patrik Berglund, CEO of rate-tracking firm …
Container shipping rates continue to fall, no sign of market bottom yet Read More »
Get ready, America; VinFast is on the way. The Vietnam-based electric vehicle maker is taking the slow boat to California as it sends its first batch of 999 VF 8, the company’s 5-seater electric SUV, to America aboard the Silver Queen, a Panamanian charter vessel. The Silver Queen is expected to arrive in the Sunshine …
Trends in global supply chains continue to reverse as container prices fall and container depots fill up, according to logistics data. Sasin Tipchai | 500Px | Getty Images While there was a shortage of containers at the height of the pandemic, the global economy is now facing the opposite problem: too many containers. In addition …
The global shipping industry faces a new problem: too many containers Read More »
Vaughn Moore, Executive Chairman and CEO of AIT Worldwide Logistics, has a message on holiday shipping for procrastinators: “You’ll have a better experience this year than in years past.” Indeed, after two years of pandemic-related supply chain issues, the shipping industry now has more capacity. Backlogs at U.S. ports are gone, and many retailers are …
Holiday Shipping Times: Make Sure Your Gifts Arrive On Time Read More »
