Government, Business, Logistics

WTO Predicts 3% Rise in Merchandise Trade in 2025

Global goods trade in 2025 will grow less then initially forecast, the World Trade Organization said, as rising instability weighs on economic activity and threatens to disrupt shipping.

Brendan Murray | Bloomberg News
October 10, 2024
Government, Business, Logistics, Global Freight

Cargo Carriers Fear Port Strike Will Paralyze Half of Trade

The world’s top container carrier is urging customers to move U.S. cargo through East and Gulf Coast ports before the planned start on Oct. 1 of a dockworkers strike.

Brendan Murray | Bloomberg News
September 27, 2024
Business, Logistics

Global Goods Trade Recovery Extends Into Q3, WTO Says

Global merchandise trade is recovering from last year’s slump, the World Trade Organization said, as one of its barometers for activity rose further above the longer-term average pace.

Brendan Murray | Bloomberg News
September 4, 2024
Business, Logistics, Global Freight

Container Carrier Profits Soar on Record Volumes, High Rates

The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions.

Brendan Murray | Bloomberg News
September 3, 2024
Business, Logistics

World Container Shipping Rates Keep Rising

Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas.

Brendan Murray | Bloomberg News
June 14, 2024
Government, Business, Safety, Logistics, Global Freight

Ships Diverted From Red Sea Send Ripple Effects Across Globe

Nearly six months into the Houthis’ relentless campaign to protest Israel’s war in Gaza, the economic fallout is widening.

Brendan Murray | Bloomberg News
June 3, 2024
Business, Logistics, Global Freight

Some Shipping Container Costs Hit $10,000

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates.

Brendan Murray | Bloomberg News
May 29, 2024
Business, Logistics, Global Freight

Trade Strains Boost Ocean Shipping Cargo Rates

Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply chain managers flashbacks to the demand spike three years ago.

Brendan Murray | Bloomberg News
May 28, 2024
Government, Business, Logistics, Global Freight

Shipping Giant MSC Vows to Fight ‘Excessive’ $63M FMC Fine

The world’s largest container carrier will push back against a proposed U.S. government fine that would rank among the stiffest penalties handed down by the Washington regulator.

Brendan Murray | Bloomberg News
April 10, 2024
Government, Business, Safety, Logistics

East Coast Ports Scramble to Absorb Cargo

East Coast ports are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting to clear debris from the Francis Scott Key Bridge.

Brendan Murray | Bloomberg News
April 1, 2024