HOUSTON (ICIS)–Rates for shipping containers from east Asia and China to the US fell this week, but carriers have announced an increase in blank sailings so they can tighten capacity and maintain a floor on prices. Rates have been falling steadily sinc...
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Judah Levine, head of research at Freightos, said transpacific rates are now down by 30% from the peaks during July but remain several thousand dollars higher than what would be typical peak season rates. They are also about $1,000/FEU (40-f...
Freight shipping can’t always be smooth sailing. For carriers, this means adjusting prices to cover unexpected costs, whether these are caused by the importer, the global economy, or dock workers’ unions. The most common additional charges applied to freight shipments are weight and dimension...
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freight rate increase has had some repercussions. In the second quarter of 2023, main container shipping companies had an average profit margin of 8.9 percent, a decrease of almost 50 percent compared to the peak EBIT in the first quarter of 2022. Despite this decrease, some of the carriers ...
freight rate increase has had some repercussions. In the second quarter of 2023, main container shipping companies had an average profit margin of 8.9 percent, a decrease of almost 50 percent compared to the peak EBIT in the first quarter of 2022. Despite this decrease, some of the carriers ...
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HOUSTON (ICIS)–Rates for shipping containers from Asia to the US fell again this week, but carriers are warning customers that they will stop accepting export bookings from unionized US Gulf and East Coast ports ahead of a looming 1 October strike deadline. ...