There is a substantial gap in fleet sizes between the leading carriers and the rest of the container field. The top 10 container shipping lines operate 21.8 million TEU of capacity compared to the next 20 carriers which have a combined 2.5 million TEU of capacity, according to Alphaliner data. Proportionally, larger shipping lines have […]
Read MoreOne of the hopes of the trade community when the Biden Administration was sworn in was that “something” would be done about the China 301 tariffs. To this point, there are no changes. In fact, while there was optimism at the outset, the reality is that no one in D.C. has a “better” vehicle for […]
Read MoreThe air cargo market is holding its own despite the onslaught of economic pressures in the past year. According to the latest industry analysis by Xeneta-owned CLIVE Data Services, chargeable weight fell 8% year-on-year (y/y) in December and the general airfreight spot rate registered its largest y/y decline of 35% while capacity recovered […]
Read MoreThe International Trade Commission’s latest round of changes to the Harmonized Tariff Schedule became effective on January 1, 2023. To help trade professionals stay current on these tariff revisions and statistical reporting changes, please review the: 2023 U.S. Harmonized Tariff Schedule Guide published by International Trade Today
Read MoreThe world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast. Net income this year will likely reach $256 billion, roughly equivalent to the gross domestic product of Portugal, based on the 11 carriers monitored by industry veteran John McCown, […]
Read MoreThe share of import containers moved by rail from Los Angeles-Long Beach has reached a historical low in the first four months of 2022. It has fallen from 67.9% in 2019 to 56.8% in 2021 and to 40.8% in January through April, according to the Alameda Corridor Transportation Authority (ACTA). The average number of […]
Read MoreIn a positive sign that the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) are finding common ground, comes the July 26th announcement that the two sides “… have reached a tentative agreement on health benefits, subject to other issues in the negotiations.” The ILWU/PMA announcement may be a signal […]
Read MoreCurrently space especially to the U.S. West Coast has opened up and you are able to book over allocation. Space to the U.S. East Coast and Gulf region is also opening up more and more. However, carriers will continue to blank sailings. The U.S. East Coast is starting to get hit with multiple blank […]
Read MoreA softening of demand combined with record production of new containers last year has forestalled a container shortage. Despite the significant number of containers held up in North America and Europe, ocean carriers, importers and forwarders said that shippers are not facing difficulties obtaining container equipment in China and other points of origin in Asia. […]
Read MoreSources close to the West Coast longshore labor negotiations believe that a deal could materialize in August or September with little disruption on the docks. Those who agree with this sentiment said recent joint statements from the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) to keep cargo moving and operations […]
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