US Container Freight Is Shrinking
Container freight volumes at the largest U.S. ports were down 3.8% in September compared with the same month a year earlier, confirming the slackening of merchandise trade and downturn in…
Ports Clogged With Containers As World Trade Stumbles
The latest Bloomberg Trade Tracker reveals an ominous outlook for world trade due to soaring interest rates, the war in Ukraine, a slowdown in the US economy, and zero Covid…
Transpacific Shipping Drops 75% During Peak Season
Cargo Shipowners Cancel Sailings as Global Trade Flips From Backlogs to Empty Containers Dozens of sailings from Asia to U.S. ports are set to be canceled in October as deteriorating…