shipping rates

The Port of Los Angeles, one of the largest import gateways in the U.S., has issued a warning that the recent reduction in tariffs on Chinese goods may not be enough to reverse the declining cargo volume. What Happened: Cargo volumes at the Port of Los Angeles have been on a downward trend. To...

August data from Cass Information Systems shows a sequential surge in expenditures, a proxy for freight rates, with shipments stepping higher as well. The year-over-year comparisons for both subindexes were materially higher again. Freight rates up and to the right The expenditures component of...

There is no COVID-era surge in global cargo demand. There's a lengthy albeit temporary spike in congestion compounded by a localized, stimulus-and-savings-driven demand boom in America. That explanation for skyrocketing rates gained more traction Friday when liner giant Maersk released details of...

The warnings are loud and clear: If container lines suffer the same demand loss and rate drop they did during the 2009 financial crisis, 2020 will be catastrophic — but if demand falls and rates don't, the coronavirus crisis should be survivable. It's a classic "prisoner's dilemma" scenario for...

Scorpio Tankers (NYSE: STNG), the largest U.S.-listed owner of product carriers, has reported its first profitable quarter since the second quarter of 2016, as spot rates in its market have improved. The company reported net income of $14.5 million for the first quarter of 2019, versus a net loss...