shipping News Updates

The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.

BERLIN — The International Chamber of Shipping on Sept. 7 backed plans for a global surcharge on carbon emissions from shipping to help fund the sector’s shift toward climate-friendly fuels.

The New York Shipping Exchange, founded in 2015 by a former industry executive to make the container shipping market more efficient, is raising another $15 million to expand contracts that can help protect companies’ supply chains from price hikes and other uncertainties.

Global trade in goods might be close to plateauing — albeit at a record level — amid an outlook clouded by regional imbalances and coronavirus outbreaks that slow economic activity, the World Trade Organization said.

The Biden administration is set to ask regulators to promote competition in the ocean shipping and rail industries after consolidation led to spikes in prices, according to a person familiar with a pending executive order.

If it seems like shipping delays and soaring delivery costs aren’t getting any better, it’s because by some metrics they’re both getting worse.

Loadsmart’s Freight Data Insights Report provides analysis of millions of quotes and hundreds of thousands of pickups and deliveries in over 680,000 U.S. lanes. Download the report to take a look back and plan ahead with industry-specific insights.

Canada is planning legislation to end a general strike at the Port of Montreal that’s bound to worsen congestion at other sites and add to global shipping delays.

Egypt seized the giant container vessel that blocked the Suez Canal last month as part of an effort to get more than $900 million in compensation.

Program Aired: April 1, 2021. CRST has been working hard since 1955 to deliver superior service to our customers. The clear effort to bring together a multitude of services under our enterprise umbrella will greatly benefit our customers and provide more career opportunities for our drivers.