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May 3, 2023
Ocean rate markets tick up against blank sailings

Asia-US west coast container spot rates jumped 39% at the end of April, as carriers implemented mid-month General Rate Increases…

May 3, 2023
China Q1 Volume Data

Overall cargo volume of Chinese ports climbed 6.2% year-on-year from January to March. Within these figures, Shanghai and Shenzhen showed…

May 2, 2023
POLB ties imports decline to sagging consumer spending

The Port of Long Beach (POLB) moved 1,721,326 TEUs during the first quarter of 2023, a 30% decrease from Q1…

May 2, 2023
Sudan: Carriers suspend cargo bookings

Ocean carriers, including Maersk and Hapag Lloyd, have halted new bookings to and from Sudan in the midst of the…

Apr 21, 2023
Suez Canal traffic and revenues impress in Q1

The Suez Canal Authority announced that the first quarter of 2023 revenues were up 35% to $2.3bn, while the number…

Apr 20, 2023
COAC Trade Advisory Committee’s public meeting highlights

Enforcement, trade facilitation programs, CTPAT, in-bond shipments, and export manifests were featured topics at COAC’s recent public meeting.  CBP Acting…

Apr 20, 2023
Air freight market stabilizes

An increase in airfreight capacity and flight frequencies is meeting still-reticent demand.  Rates are declining, but month-month drops are flattening.

Apr 20, 2023
US Lawmakers seek to toughen UFLPA Enforcement

Members of the Congressional-Executive Commission on China are pushing further enforcement efforts for The Uyghur Forced Labor Prevention Act (UFLPA)…

Apr 19, 2023
Carriers working hard to manage container capacity

Ocean carriers continue to aggressively blank sailings to match deployed capacity with shippers’ demand.  Freight rate declines have decelerated and…

Apr 18, 2023
US imports rebound in March

According to Descartes, U.S. imports totaled 1,853,705 twenty-foot equivalent units in March, a 6.9% increase from February despite declines in…

Apr 18, 2023
Industry Takes as West Coast Operations Resume

The state of West Coast labor contract negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association…