The Federal Maritime Commission (FMC) has begun releasing Containerized Freight Statistics (CFS) data, which is submitted by ocean common carriers as mandated by the Ocean Shipping Reform Act of 2022.
Ocean spot freight rates have risen at their fastest pace in nearly a year, approaching 2025 peak levels as an early shipping ...
The KOBC Container Composite Index (KCCI) has risen for six consecutive weeks, driven by a surge in freight rates as the peak ...
In an effort to control transportation prices, shippers with more flexibility in their supply chains are transitioning ...
Ship diversions from the Red Sea due to attacks by Iran-backed Houthi rebels have caused container freight rates to increase by about 30% in recent weeks. This rise is expected to continue as ...
Mass diversions of container ships around Africa’s Cape of Good Hope caused spot rates to surge, but the Red Sea effect has a limit, which may have already been reached. Upward momentum has slackened.
Large container ship Cosco Shipping Lotus docks at a terminal of Lianyungang port in Lianyungang, East China's Jiangsu Province on April 5, 2023. Photo: VCG Shanghai International Energy Exchange (INE ...
Dockworkers with the International Longshoremen’s Association went on strike at midnight Tuesday, shutting down container freight operations in New York City ports and along the eastern seaboard and ...
Whether it’s Hot Wheels or Barbies or pretty much anything else that’s supposed to come from China to the United States, it’s mostly all getting here one way. “I would say that it's about 99.8% of ...
Starting from the end of 2020 and into 2021 container shortages and congestion at ports, along with other disruptions, resulted in record container freight rates, notably on the routes from China to ...
ITS Logistics, an Echo Global Logistics company, today released its June forecast in the ITS Logistics U.S. Port/Rail Ramp ...