Container spot rates from Asia to Europe and Asia to the US eased back further this week from their record highs.
Nevertheless they are expected to stay at very elevated levels for some time.
According to today’s reading of the …

Major delays have now hit the port of Singapore, with congestion causing vessel turnaround times to more than double and week-long cargo rollovers.
Peter Sundara, VP global ocean product at LF Logistics, told The Loadstar: “There’s a lot of vessel …

A tranche of newly awarded freeports presents an opportunity to regenerate both the UK’s logistics sector and some of its poorest regions – but the “hard work” is only just beginning.
Speaking on Multimodal’s Freeports panel, Vivid Economics cities and …

The recent message contained in Atlas Air’s (stratospheric) results was straightforward and broadly expected despite wild stock price movements in the wake of the announcement:
“In the face of unrelenting operational complexities driven by the Covid-19 pandemic,” said president and …

TRANSPORT INTELLIGENCE writes:
Looking at Ti Insight’s M&A database, it becomes apparent which sectors have seen the most activity over the past 25 years and highlights what role state players have played in consolidation. Accounting for almost two thirds of …

SEEKING ALPHA reports:
– WTI crude oil (CL1:COM) has jumped nearly 5% to $63.90 per barrel as headlines out of the OPEC+ meeting hit.
– Brent crude (CO1:COM) +5% to $67.29/bbl and WTI +4.9% to $64.28/bbl after OPEC and its …

Major port and landside congestion at US west coast ports could last until the summer peak season, according to ocean carriers attending the JOC’s virtual TPM21 conference this week.
Ocean Network Express (ONE) CEO Jeremy Nixon and Hapag-Lloyd CEO Rolf …