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shipping
Government, Business, Global Freight

Drop in Global Shipping Costs Signals Cooling Inflation, Experts Say

Shipping containers are loaded onto trucks

The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last year will contribute to an easing in price pressures.

Ana Monteiro | Bloomberg News
January 25, 2023
Government, Business, Safety, Logistics

Maritime Administration Announces Shipyard Funds

Shipping

Additional funding is available for officials seeking to modernize operations at small shipyard facilities around the country, the U.S. Department of Transportation recently announced.

Eugene Mulero | Senior Reporter
January 24, 2023
Business, Logistics

Shippers Remain in Control of Rates, but 2023 Could Bring Balance

Trucks on the highway near the Port of Miami

Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023.

Mindy Long | Special to Transport Topics
December 29, 2022
Business, Logistics

FIATA Focuses on Unfair Shipping Competition, Digital Trade Documents

New digitized trade documents and unfair competition from shipping lines infringing on turf for inland cargo are top priorities during a gathering of transportation leaders and government officials convened by the world’s largest freight forwarding association.

Noël Fletcher | Staff Reporter
May 19, 2022
Business, Technology, Fuel

UK Startup Wants to Build Batteries for Boats

U.K. battery company Britishvolt Ltd. received an investment from shipping firm Scorpio Group as it looks to develop technologies to help decarbonize the maritime sector.

Eddie Spence | Bloomberg News
May 18, 2022
Business, Logistics, Top 100

MSC Buys Bollore’s African Logistics Unit

MSC Mediterranean Shipping Co. agreed to buy the African transport and logistics business of Bollore SA for 5.7 billion euros ($6.3 billion) including debt.

Anthony Palazzo | Bloomberg News
April 6, 2022
Government, Business, Technology, Safety, Logistics

Biden Takes on Ocean Shipping as FMC Sees Market Setting Rates

President Joe Biden is taking on the concentrated market power of ocean shipping companies, although officials at the agency overseeing the industry indicated they lack both the jurisdiction and, for now, any evidence of wrongdoing.

Laura Curtis | Bloomberg News
March 1, 2022
Business, Logistics

World’s Largest Container Line Makes Play for Italian Air Carrier

Mediterranean Shipping Co. is seeking a controlling stake in new Italian flag carrier ITA Airways through a deal that would also include Deutsche Lufthansa AG.

Daniele Lepido and Chiara Albanese | Bloomberg News
January 25, 2022
Business, Logistics

What Can Freight Brokers Do When It’s Tough To Find Load Coverage?

Freight brokers are on the front lines of the trucking industry. They act as an intermediary between shippers and carriers, which is not an easy job.

December 1, 2021
Business, Technology, Safety, Fuel

Pandemic Shopping Spree Fuels Rebound in Shipping Emissions

The pandemic-driven shopping spree is having at least one unintended consequence: Emissions from shipping are on the rise again.

Isis Almeida | Bloomberg News
September 28, 2021

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