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Drewry's World Container Index, or WCI, declined 1 percent to US$2,499 per 40-foot container the week of July 31, and continued to stabilize after a volatile period.
The unpredictability began, Drewry said, after U.S. tariffs were announced in April, which caused rates to surge from May through early June. Subsequently, the market saw a heavy decline until mid-July, after which the downward trend lost momentum and the rate of decrease slowed ...
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Though import cargo at major U.S. container ports were poised to rebound in July following a double-digit late spring plunge, a late summer swoon is expected once previously paused tariffs take effect Aug. 1, according to the National Retail Federation.
NRF’s Global Port Tracker, created with ...
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International Transportation Service broke ground July 11 on a US$365 million terminal expansion project at the Port of Long Beach, aimed at developing more space to stack cargo containers and maximizing efficiency.
The project will fill an unused slip in the middle of Pier G Terminal, ...
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At 2025’s halfway point, it’s still anyone’s guess as to the impact new tariffs and government upheaval will have on the U.S. economy, admitted National Retail Federation Chief Economist Jack Kleinhenz July 8.
“This year began with high expectations for the strength of the U.S. economy,” ...
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The Oregon Legislature on June 30 approved a landmark US$100 million investment in the Pacific Coast Intermodal Port, or PCIP, a transformative public-private project that will create a container terminal in the Port of Coos Bay.
The PCIP project will establish a modern, ship-to-rail container terminal ...
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Global ship recycling could double to 16,000 ships, totaling more than 700 million deadweight tonnes over the next 10 years, said Niels Rasmussen, chief shipping analyst at BIMCO.
The Danish international shipping association for shipowners updated its estimate following the entry into force of the Hong ...
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GEODIS has opened an office in Guadalajara, Jalisco, to support the growth of the global logistics provider’s growing nearshoring freight forwarding business in Mexico.
The Guadalajara office, GEODIS’s second-largest operations center in Mexico, will become a shared services center, including key logistics operations for the entire ...
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Ocean logistics giant A.P. Moller - Maersk named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, at a ceremony June 18 at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea.
The Berlin Mærsk, is the 14th dual-fuel newbuild ...
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The U.S. Department of Transportation has proposed slashing or amending about two dozen federal trucking regulations — major and minor — that the agency said were outdated or punishing truckers.
“My department is slashing duplicative and outdated regulations that are unnecessarily burdensome, waste taxpayer dollars, and ...
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Global economic prospects are weakening, with substantial barriers to trade, tighter financial conditions, diminishing confidence and heightened policy uncertainty projected to have adverse impacts on growth, according to the Organization for Economic Cooperation and Development’s (OECD) latest Economic Outlook (https://tinyurl.com/mr3m6fbh).
Global growth has slowed from 3.3 ...
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