Raymond STERN
Supply-chain delays and skyrocketing shipping costs hit Cort furniture leasing company hard
Cort is experiencing delays and costly inflation at every stage in its supply chain. Its shipments have been months behind schedule amid...
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Raymond STERN
Aug 10, 2021
Over 30 containerships queued at Los Angeles/Long Beach ports
Congestion continues to rise at the US west coast container ports of Los Angeles and Long Beach ahead of the peak season. According to an...
Raymond STERN
Aug 9, 2021
DSV Panalpina: Conservative Beat And Raise Signals Further Upside Ahead
In a long-running theme since COVID-19 hit, logistics company earnings continue to outperform globally, and DSV Panalpina (OTCPK:DSDVY)...
Raymond STERN
Aug 9, 2021
There’s yet another surge in shipping costs
All is not well in the market for ocean freight. Again. The price of shipping goods from Asia to Europe has soared over the past year....
Raymond STERN
Aug 8, 2021
King Abdullah Port backs Kingdom's growth as a global logistics hub
King Abdullah Port has announced details of its exceptional performance during the first half of 2021. The port handled a total of...
Raymond STERN
Aug 5, 2021
Maersk CEO says unmet demand will continue 'at least for the next quarter'
Soren Skou, CEO of A.P. Moller-Maersk, discusses the company's first-half earnings and expectations for supply in the second half of the...
Raymond STERN
Aug 5, 2021
The world’s largest container shipping firm posts soaring second-quarter earnings
Container shipping rates have skyrocketed as the global economy bounced back from the Covid-19 pandemic and commodity demand recovered,...
Raymond STERN
Aug 5, 2021
Hapag-Lloyd CEO: Supply bottlenecks to 'remain tight' for next few quarters
Hapag-Lloyd CEO Rolf Habben Jansen discusses the outlook for the shipping industry and current supply-chain bottlenecks. He speaks with...
Raymond STERN
Aug 4, 2021
Exporters’ demand measures to address logistics issues in India
Textile and garment exporters have sought measures by the Union government to address the issue of container shortage. In an interaction...
Raymond STERN
Aug 4, 2021
MSC 'shocked' by anti-trust breach allegations
Switzerland-based carrier MSC has roundly rejected complaints made by Pennsylvania home décor supplier MCS Industries and says it was...
Raymond STERN
Aug 4, 2021
US FMC probes eight container lines over congestion surcharges
The US Federal Maritime Commission (FMC) has launched an “Expedited Inquiry” into the practices of eight container shipping lines related...
Raymond STERN
Aug 3, 2021
Forwarders frustrated as carriers switch vessels onto best-paying tradelanes
Ocean carriers continue to shift tonnage from intra-Asia and north-south trades to more lucrative east-west routes, which is in turn...
Raymond STERN
Jul 30, 2021
Saipem falls to first-half loss but eyes pick-up in sales
Contractor’s results buffeted by Covid-19 and issues at North Sea wind project Saipem reported on Friday second quarter earnings that...
Raymond STERN
Jul 29, 2021
The true cost of shipping.
The true cost of shipping from Asia has for some time exceeded even the highly elevated container spot market rates, with the payment of...
Raymond STERN
Jul 29, 2021
DSV Panalpina aims for more market share as it looks to integrate Agility
Freight forwarders serve shippers much better than shipping lines – and large forwarders are best of all, claimed DSV Panalpina in its...
Raymond STERN
Jul 28, 2021
Shipping prices may be heading higher but are ‘not super yet,’ analysts say
Shipping rates are at multi-year highs, but have not reached the bull cycle peaks of the past, said Rashpal Bhatti, vice president of...
Raymond STERN
Jul 28, 2021
China-Europe rail gets Vietnam connection, but huge mode shift brings delays
Booming China-Europe rail freight has expanded to Vietnam, but high demand and bad weather means lengthy delays. Due to overstretched...
Raymond STERN
Jul 28, 2021
Freight forwarders expect no change in container market for years, says British Freight Union.
The British International Freight Association (BIFA) has stated that it expects freight rates to remain at extraordinarily high levels,...
Raymond STERN
Jul 26, 2021
Freightify announces $2.5 million funding from Tradeworks VC, Venture Catalysts.
The company's platform handles more than $400 milion in freight revenue for customers and a corresponding GMV of $2 billion. Freightify,...
Raymond STERN
Jul 26, 2021
How to cushion consumers from high maritime freight rates
The cost of shipping one standard 20-foot container from Shanghai to Brazil, for example, is today nearly five times higher than the...
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