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Industry News

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Industry News

  • Global Shipping Update July 26, 2021
    China Typhoon In-Fa made landfall on China’s east coast province of Zhejiang on Sunday. The Ports of Shanghai and Ningbo are closed and currently working remotely. Airports cancelled many flights in Shanghai and Ningbo due to the high winds. The central rail hub in Zhengzhou city was closed due to inclement weather. Vietnam Due to an increase in positive COVID-19 cases, many areas of Vietnam are currently ...
  • North America Shipping Update July 15, 2021
    Shipping Update The volatility of freight rates continues, and we have not seen any stabilization yet. Full container load (FCL) ocean freight rates on the trans-pacific trade lane have increased between $14,000-$20,000 from various origins in China. Less than container load (LCL) rates have increased between $260-$350 depending on total cubic meters (CBM) shipped. There continue to be extreme delays from China and India, currently, an ...
  • North America Shipping Update July 8, 2021
    Shipping Overview Carriers are pushing general rate increases from Asia to the United States. Spot rates from Asia to the U.S. West Coast continue to increase over the last month. The congestion in Asian ports and U.S. ports is constraining equipment capacity which means shippers are competing with each other to secure space and equipment. This fight for capacity is forcing prices higher. Indian exporters face a new ...