LONG BEACH, Calif — Port of Long Beach Chief Operating Officer Noel Hacegaba said the port is down nearly 27% year-to-date compared with 2022, but he believes business is turning around.September 14, 2023
Political tensions between the U.S. and China are contributing to lower container shipments between the world’s two largest economies, says Ocean Network Express CEO Jeremy Nixon.
A steep, across-the-board decline in imported cargo, exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 pandemic.April 20, 2023
Supply chains across the world are healing up almost as fast as they broke down. That doesn’t mean the pressure they’re exerting on inflation will disappear as quickly.
One of the world’s biggest shipping companies just issued a downbeat assessment of the global economy, saying container demand will fall as much as 4% this year.
With the increasing number of cargo ships on the Atlantic and Pacific coasts waiting to be unloaded nearing 150, Federal Maritime Commission member Carl Bentzel believes the upcoming peak season for retailers could be extremely challenging.August 31, 2022