Describing global supply chains as 鈥渧olatile鈥 for the last two years is an understatement. Glimmers of hope are emerging, but anxiety grows over whether freight volumes can maintain traction amid high inflation and economic uncertainty.
November 4, 2022Search
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German Government Settles Internal Dispute Over Port Stake Sale to China
The German government is close to reaching a compromise over a disputed sale of a stake in a Hamburg container terminal to China鈥檚 state-owned shipping conglomerate Cosco Shipping Holdings Co.
October 25, 2022Truckers Win Over BNSF in Case Regarding Illinois Biometrics Law
In what is believed to be the first jury verdict related to Illinois鈥 strict biometrics privacy law, a $228 million judgment has been entered against BNSF Railway in a class-action lawsuit over the railroad鈥檚 collection of fingerprint data.
October 17, 2022Maersk Expands Green Fleet With $1 Billion Order for Vessels
A.P. Moller-Maersk A/S, one of the world鈥檚 largest oil consumers, ordered six large containerships that can sail on green methanol as part of the transport giant鈥檚 plan to become carbon neutral.
October 5, 2022MSC Launches Air Cargo Business
Mediterranean Shipping Co., the world鈥檚 largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid for Italy鈥檚 flag-carrier airline.
September 27, 2022Shipping Container Lines Set to Smash Year-Old Profit Record
The world鈥檚 biggest container lines are on course to post profits in 2022 that will top last year鈥檚 record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.
August 9, 2022HMM to Continue Deploying More Ships as Port Congestion Persists
HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country鈥檚 exporters struggling to transport goods overseas.
May 10, 2022Labor Leaders Optimistic Over Port Contract Talks
With negotiations expected to begin soon between the 22,000-member International Longshore and Warehouse Union and the Pacific Maritime Association, ILWU leaders are expressing confidence that the two sides will reach an agreement 鈥 without an interruption in work 鈥 before the June 30 deadline for the current contract expiration.
April 13, 2022