Deals & News

Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found. Russia has an extra 150,000 shipping containers that importers are scrambling to return to China, logistics platform Container xChange said in a report released Thursday, citing information provided by a customer. “There is significant cargo movement from China into Russia but very scarce movement back to China from Russia. Containers are piling up

Weakening consumer demand for goods and waning inventory growth by companies have softened imports while the macroeconomic backdrop becomes more uncertain with interest rates at 22-year highs. Depressed trade flows, which appear to persist through summer, have sparked a cooldown in Southern California’s warehouse market as vacancy rates for industrial real estate rise. The warehouse vacancy rate in the “Inland Empire,” an area with over a billion square feet of warehouses covering 40 square miles and servicing the nation’s largest

Container shipping rates are not back to normal quite yet. Trans-Pacific rates have returned to pre-COVID levels, but pricing in trans-Atlantic markets has not. Spot container rates from Europe to the U.S. — while falling — are still more than twice pre-pandemic rates. U.S. imports from Europe remain strong, with building materials supporting volumes. Drewry and FBX spot assessments The Drewry World Container Index (WCI) spot-rate assessment for Rotterdam, Netherlands, to New York was $5,061 per forty-foot equivalent unit in

Some experts predict ending quarantine restrictions will open cargo floodgates as airfreight feels immediate crunch A mixed bag of circumstances and time horizons are creating diverging narratives about whether shipping delays stemming from the shutdown of Shanghai and other Chinese cities are getting better or presage massive supply chain gridlock. There is no sign that Shanghai’s lockdown is easing anytime soon. Footage on social media shows steel fences being installed on public roads and inside residential compounds to keep people

    The most polarizing term in trucking is the “driver shortage.” To drivers, the term often gets them fired up and angry – it makes them feel as if they are a commodity. The trucking industry is one of the most cyclical industries on the planet; it goes through booms and busts. Until just a few weeks ago, the industry was dealing with a significant capacity shortage. This occurs when there aren’t enough trucks available for dispatch to match