A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the ...

In a stark reversal of fortune, the bustling Port of Los Angeles, long a reliable source of freight for truckers across the nation, is facing a significant downturn in container volumes. This decline ...

When the Ever Given became stuck in the Suez Canal in 2021, the BBC reported, it prevented approximately 12% of the world's trade from passing through. The Ever Given itself had a capacity for 20,000 ...

With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and ...

Class Society builds on long history of developing tools to drive optimization, compliance and safety in the containership sector. ABS released two new tools specifically focused on assisting the ...

LONG BEACH, California (KCAL, KCBS) -- An apparent accident involving a cargo ship at the Port of Long Beach left a mess in the ocean on Tuesday morning. Aerial footage captured around 10:30 a.m.

An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher. Bad weather, longer ocean ...