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Transpacific Rates Continue to Slide, Xeneta

Market average spot rates from the Far East to U.S. West Coast increased 10 percent by mid-month but steadily declined to US$2,264 per 40-foot equivalent units (or FEUs), said Xeneta, the freight rate benchmarking and market analytics platform. Average spot rates from Far East to U.S. West Coast are now down 59 percent since the market peak on June 5 and are expected to fall further at the beginning of August, ... [+]

ICHCA Analysis Focuses on Fatalities Risks

The International Cargo Handling Coordination Association, or ICHCA, has conducted an analysis of nearly 500 incidents involving shore workers over the last 25 years, with its findings on the ICHCA Severe Risks Dashboard. Key findings include: • An almost equal split between on-vessel and onshore risk to ... [+]

Warehouse Space to Tighten, ITS Logistics

ITS Logistics, the asset-based North American third-party logistics provider, said its second quarter U.S. Distribution and Fulfillment Index, powered by Cresa, sees a tightening of warehouse space in the second half of the year. Calling it “market recalibrating,” ITS Logistics said that tariff-driven front-loading continues to ... [+]

Drewry Index Sees Container Rates Stabilize

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 ... [+]

US Ports Import Rebound to Be Short-lived, NRF

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 ... [+]

ITS Starts Long Beach Pier G Terminal Expansion

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, ... [+]

US Policies Yield ‘Anxiety and Confusion,’ NRF

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,” ... [+]

Oregon to Invest $100 Million in Coos Bay’s PCIP

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 ... [+]

Ship Recycling to Double to 16,000 Ships, BIMCO

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 ... [+]

GEODIS Expands Mexico Nearshoring Operations

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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