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
Business, Logistics

Uber Freight Eyes Tenfold Boost in European Market by 2028

Uber Freight is stepping up efforts to expand in Europe’s fragmented logistics market and aims to increase tenfold to 2 billion euros its freight under management by 2028.

Brendan Murray | Bloomberg News
March 12, 2024
Government, Equipment, Safety, Logistics

Los Angeles Port Head Says Chinese Cranes Pose Security Risk

The head of the port of Los Angeles said Chinese-made cranes pose a potential risk to national security, but a shortage of alternatives makes it challenging to address the vulnerability.

Brendan Murray | Bloomberg News
February 23, 2024
Government, Business, Safety, Logistics, Global Freight

Spot Container Shipping Rates Soar 173% on Red Sea Threats

Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to cargo vessels in the Red Sea.

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

Container Shipping Set for Downturn, Hapag-Lloyd Chief Says

The container shipping industry faces a few years of headwinds as low freight rates and widening geopolitical turmoil cloud the outlook, according to Hapag-Lloyd AG CEO Rolf Habben Jansen.

Brendan Murray | Bloomberg News
November 9, 2023
Business, Technology, Logistics

Hapag-Lloyd to Install Satellite Internet on Containerships

Hapag-Lloyd AG, the biggest container shipping line based in Germany, said Sept. 21 it will install SpaceX’s Starlink internet service aboard the ships it owns and manages.

Brendan Murray | Bloomberg News
September 21, 2023
Business, Technology, Logistics

Two Flexport Executives to Leave After CEO’s Abrupt Exit

Flexport Inc. executives Teresa Carlson and Darcie Henry are leaving the company, both hired during the tenure of CEO Dave Clark, who unexpectedly departed on Sept. 6.

Brendan Murray | Bloomberg News
September 8, 2023
Business, Logistics, Global Freight

Global Ocean Shipping Costs Creep Higher

Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.

Brendan Murray | Bloomberg News
August 3, 2023
Government, Business, Logistics, Global Freight

Global Supply Chains Back to Normal, N.Y. Fed Says

Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after COVID-19 was declared a pandemic.

Brendan Murray | Bloomberg News
March 6, 2023