Latest News Updates From Brendan Murray

GovernmentBusinessLogisticsGlobal Freight

Cargo Carriers Fear Port Strike Will Paralyze Half of Trade

The world’s top container carrier is urging customers to move U.S. cargo through East and Gulf Coast ports before the planned start on Oct. 1 of a dockworkers strike.

September 27, 2024
BusinessLogistics

Global Goods Trade Recovery Extends Into Q3, WTO Says

Global merchandise trade is recovering from last year’s slump, the World Trade Organization said, as one of its barometers for activity rose further above the longer-term average pace.

September 4, 2024
BusinessLogisticsGlobal Freight

Container Carrier Profits Soar on Record Volumes, High Rates

The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions.

September 3, 2024
BusinessLogistics

World Container Shipping Rates Keep Rising

Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas.

June 14, 2024
GovernmentBusinessSafetyLogisticsGlobal Freight

Ships Diverted From Red Sea Send Ripple Effects Across Globe

Nearly six months into the Houthis’ relentless campaign to protest Israel’s war in Gaza, the economic fallout is widening.

June 3, 2024
BusinessLogisticsGlobal Freight

Some Shipping Container Costs Hit $10,000

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates.

May 29, 2024
BusinessLogisticsGlobal Freight

Trade Strains Boost Ocean Shipping Cargo Rates

Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply chain managers flashbacks to the demand spike three years ago.

May 28, 2024
GovernmentBusinessLogisticsGlobal Freight

Shipping Giant MSC Vows to Fight ‘Excessive’ $63M FMC Fine

The world’s largest container carrier will push back against a proposed U.S. government fine that would rank among the stiffest penalties handed down by the Washington regulator.

April 10, 2024
GovernmentBusinessSafetyLogistics

East Coast Ports Scramble to Absorb Cargo

East Coast ports are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting to clear debris from the Francis Scott Key Bridge.

April 1, 2024
BusinessLogistics

Uber Freight Eyes Tenfold Boost in European Market by 2028

Uber Freight is stepping up efforts to expand in Europe’s fragmented logistics market and aims to increase tenfold to 2 billion euros its freight under management by 2028.

March 12, 2024