A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Stream Los Angeles News for free, 24/7, wherever you are.

The container shipping industry took a major hit to close out 2023, with major ocean carriers incurring a $684 million net loss in its fourth quarter as cargo prices fell drastically throughout the ...

Shipping analysts say ocean freight traffic is poised to remain at a high level through the end of the year; containers could become scarce in North America. Consulting firm Xeneta says in part “there ...

Online shipping platform Container Xchange also says ocean freight rates rose dramatically on some routes between November 2023 and this February. Persistent Red Sea attacks continue to lead to shifts ...

Freight Right Global Logistics reports ocean shipping rates rose $700-$900 amid the U.S.-China trade tensions, with air freight also climbing due to demand.

The March 26 collapse of the Francis Scott Key Bridge in Baltimore has significantly disrupted U.S. East Coast supply chains. However, ocean freight container shipping rates have remained relatively ...

As one container shipping alliance prepares its upcoming dissolution next year, another will hold strong through 2032. When Hapag-Lloyd decided to exit THE Alliance (THEA), it left partners like Ocean ...

Add Yahoo as a preferred source to see more of our stories on Google. (Photo: Jim Allen / FreightWaves) In a clear sign that the Trump administration’s tariffs are beginning to impact global trade, ...

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 ...

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 ...