Port of Long Beach’s Hacegaba Sees Better Days Ahead in 2024
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.
July Cargo Volumes Decline at Most Ports
Cargo freight volumes in July remain depressed and well below 2022’s record levels, especially at West Coast ports.
Container Volumes Down Year-Over-Year in June
Container volume was lower in June when measured against year-ago levels at ocean cargo facilities on the West and East Coasts, but some signs of improvement can be seen.
Ports Record Steep Drops in April Cargo
The slump in container volumes at ports on the East and West coasts continued in April as some of the largest facilities saw year-over-year double-digit drops.
US-China Tensions Amplify Global Trade Shifts
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.
Ports on West and East Coasts Show Sharp Decline in March
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.
Supply Chains Have Healed, Yet Their Mark on Inflation to Endure
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.
Maersk Warns of Worsening Container Demand and Inflation
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.
FMC's Carl Bentzel Worries Port Congestion May Impact Peak Shipping Season
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.
Pacific, Atlantic Ports Post Strong June Volumes
The Port of Los Angeles reported its highest container volume ever for the month of June in its 115-year history.