Port operators are optimistic as April stats show recovery from pandemic sugar-crash Volumes slumped last year after frenzied pandemic imports, but a recovery could be building, say container chiefs in South Carolina, Oakland. May 26, 2023 Ben Ames No Comments Volumes slumped last year after frenzied pandemic imports, but a recovery could be building, say container chiefs in South Carolina, Oakland.Read More
CMA CGM revenue plunged more than 30% as spot freight rates plunged in Q1 French container shipper says market is seeing a “rapid normalization” due to drop in household consumption of goods, retail inventory levels. May 26, 2023 Ben Ames No Comments French container shipper says market is seeing a “rapid normalization” due to drop in household consumption of goods, retail inventory levels.Read More
Cargo ships lost 661 containers at sea in 2022, WSC report says Number is down from 15-year average of 1,566 lost annually, as industry continues research on solutions. May 22, 2023 DC Velocity Staff No Comments Number is down from 15-year average of 1,566 lost annually, as industry continues research on solutions.Read More
Report: cross-ocean shipment transit times have dropped over the last nine months Trend reveals an ongoing reduction in global demand for goods out of Asia, e2open says May 18, 2023 DC Velocity Staff No Comments Trend reveals an ongoing reduction in global demand for goods out of Asia, e2open saysRead More
Port Houston climbs from 7th to 5th as container flows shift away from West Coast Texas cites volume gains as shippers make contingency plans during protracted dockworker contract negotiations May 9, 2023 DC Velocity Staff No Comments Texas cites volume gains as shippers make contingency plans during protracted dockworker contract negotiationsRead More
Forecast: import container volumes will remain “well below” last year’s levels through the fall NRF and Hackett report predicts that imports will remain low until inflation rates and inventory surpluses are reduced. May 8, 2023 DC Velocity Staff No Comments NRF and Hackett report predicts that imports will remain low until inflation rates and inventory surpluses are reduced.Read More
Five California ports sign data-sharing deal to improve supply chain visibility Cloud-based data interoperability could help freight system resilience, goods movement efficiency, emissions reduction, and economic competitiveness. April 27, 2023 DC Velocity Staff No Comments Cloud-based data interoperability could help freight system resilience, goods movement efficiency, emissions reduction, and economic competitiveness.Read More
Everstream Analytics acquires Canadian startup to boost carbon emission tracking BlueNode integrates maritime data to balances shipping time, expense, and environmental impact, firm says. April 26, 2023 DC Velocity Staff No Comments BlueNode integrates maritime data to balances shipping time, expense, and environmental impact, firm says.Read More
China has a “significant container surplus,” Container xChange says Trend caused by a drop in Chinese exports during first quarter due to softening western demand, but falling prices may soon correct that cycle. April 19, 2023 DC Velocity Staff No Comments Trend caused by a drop in Chinese exports during first quarter due to softening western demand, but falling prices may soon correct that cycle.Read More
Port Houston says soft March numbers were balanced by strong exports Total TEUs sank 3% in March, but facility had highest volume of loaded export containers in its history, pointing to resin and petrochemical demand. April 17, 2023 DC Velocity Staff No Comments Total TEUs sank 3% in March, but facility had highest volume of loaded export containers in its history, pointing to resin and petrochemical demand.Read More