I made a prediction in Tuesday's blog post about this year's peak season. That post wasn't actually about predicting what will happen with international shipping in the upcoming months, so the [...]
From the West Coast to the East Coast, congestion has been a problem at the ports all year. Congestion at the country's busiest ports – the Ports of Los Angeles and Long Beach – has been [...]
There are three international shipping news stories making headlines this week that shippers should know about. These are the kind of stories that affect U.S. importers and exporters' bottom [...]
We've been watching freight rates rise to new heights, breaking record after record, for a year. Is it possible for freight rates to get worse? Yes. And they have. After a period of months with [...]
For years, ocean carriers struggled with overcapacity. It pushed freight rates low, and they lost billions. Over the last couple years, carriers learned more discipline with capacity. Over the [...]
Maritime research firm Drewry is predicting the same thing we've been saying here in Universal Cargo's blog for a while: high freight rates aren't going away with the pandemic.
Mike Wackett [...]
As ports are congested on both coasts of the U.S., there's a fully capable terminal at the Port of Charleston where carriers are not sending their ships. Rather than call at this terminal, [...]
Soaring freight rates for the last year plus have significantly cut into shippers' profits. Not surprisingly, these sky-high freight rates have had the opposite effect for carriers. But just how [...]