Latest News Updates From Brendan Murray

BusinessLogistics

Container Shipping Rates May Take Two Years to Fall to Normal

Ocean freight rates, which have pummeled retailers and manufacturers throughout 2021, may take more than two years to return to normal levels if past market cycles are any guide.

November 16, 2021
GovernmentBusinessLogistics

Long Beach Relaxes Container-Stacking Rule

Officials in Long Beach, Calif., relaxed restrictions on storing shipping containers in a bid to ease a bottleneck that’s left nearly 80 vessels waiting offshore to enter the biggest U.S. gateway for ocean freight.

October 23, 2021
BusinessLogistics

Containers Piling Up at Rail Yards Add to Port Strains

To understand why more than 100 containerships are waiting to enter U.S. ports from Southern California to Savannah, Ga., it helps to keep tabs on the congestion that’s building at another key junction of freight transportation: rail yards.

September 23, 2021
BusinessLogistics

WTO Says Record Global Trade in Goods Might Be Nearing a Peak

Global trade in goods might be close to plateauing — albeit at a record level — amid an outlook clouded by regional imbalances and coronavirus outbreaks that slow economic activity, the World Trade Organization said.

August 18, 2021
GovernmentBusinessTechnologyLogistics

Containership Bottleneck Nears Its February Record

The biggest U.S. trade gateway with Asia is clogged with the most inbound container vessels in more than six months, threatening to extend transportation delays, bite further into margins for American importers and boost prices for consumers.

August 16, 2021
BusinessLogistics

Georgia Port Chief Sees US Import Surge ‘Easily’ Lasting Into 2022

The head of one of the largest U.S. gateways for trade said robust demand for imported goods likely will be sustained into 2022 as companies scramble to rebuild stockpiles during an uneven rebound from the pandemic.

July 20, 2021
GovernmentBusinessLogistics

229% Surge in China-US Shipping Costs Drives Inflation Pressure

The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports amid slower recoveries from the pandemic from Europe to Asia.

July 8, 2021
GovernmentBusinessLogistics

Here’s Why You Should Christmas Shop Early

If it seems like shipping delays and soaring delivery costs aren’t getting any better, it’s because by some metrics they’re both getting worse.

June 28, 2021
GovernmentBusinessLogistics

Top Maritime Regulator Sees Shipping Snarls Lasting to 2022

The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs.

June 9, 2021
BusinessLogistics

Shipping Container Rates Top $10,000 From Asia to Europe

The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.

May 27, 2021