Latest News Updates From Brendan Murray

GovernmentEquipmentSafetyLogistics

Los Angeles Port Head Says Chinese Cranes Pose Security Risk

The head of the port of Los Angeles said Chinese-made cranes pose a potential risk to national security, but a shortage of alternatives makes it challenging to address the vulnerability.

February 23, 2024
GovernmentBusinessSafetyLogisticsGlobal Freight

Spot Container Shipping Rates Soar 173% on Red Sea Threats

Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to cargo vessels in the Red Sea.

January 4, 2024
BusinessLogisticsGlobal Freight

Container Shipping Set for Downturn, Hapag-Lloyd Chief Says

The container shipping industry faces a few years of headwinds as low freight rates and widening geopolitical turmoil cloud the outlook, according to Hapag-Lloyd AG CEO Rolf Habben Jansen.

November 9, 2023
BusinessTechnologyLogistics

Hapag-Lloyd to Install Satellite Internet on Containerships

Hapag-Lloyd AG, the biggest container shipping line based in Germany, said Sept. 21 it will install SpaceX’s Starlink internet service aboard the ships it owns and manages.

September 21, 2023
BusinessTechnologyLogistics

Two Flexport Executives to Leave After CEO’s Abrupt Exit

Flexport Inc. executives Teresa Carlson and Darcie Henry are leaving the company, both hired during the tenure of CEO Dave Clark, who unexpectedly departed on Sept. 6.

September 8, 2023
BusinessLogisticsGlobal Freight

Global Ocean Shipping Costs Creep Higher

Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.

August 3, 2023
GovernmentBusinessLogisticsGlobal Freight

Global Supply Chains Back to Normal, N.Y. Fed Says

Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after COVID-19 was declared a pandemic.

March 6, 2023
BusinessLogistics

Logistics Managers’ Gauge Rises for First Time Since March

Supply chain activity in the U.S. picked up for the first time since March, buoyed by elevated inventories even as transportation costs slid for a sixth straight month.

October 4, 2022
GovernmentBusinessLogistics

Containership Backlog Outside L.A. Ports Is Almost Cleared

The number of containerships headed for the California ports of Los Angeles and Long Beach — a traffic jam that once symbolized American consumer vigor during the pandemic — declined to the lowest level since the bottleneck started to build two years ago.

August 30, 2022
BusinessLogistics

Spending on Merchandise Slowing, Flexport Says

The latest reading of Flexport’s Post-COVID Indicator released Aug. 16 shows it falling for a third straight month.

August 16, 2022