LONDON – Spot ocean container rates increased 9% this week to $1,661 per 40-foot container, putting them once again at levels much higher (+17%) than they were pre-pandemic. According to Drewry’s ...

Banyan Technology, the leading provider of over-the-road (OTR) freight execution software, has announced a strategic partnership with GoComet, an AI-powered transportation visibility platform, to ...

In a stark reversal of fortune, the bustling Port of Los Angeles, long a reliable source of freight for truckers across the nation, is facing a significant downturn in container volumes. This decline ...

With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and ...

A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Stream Connecticut News for free, 24/7, wherever you are.

Shipping analysts say ocean freight traffic is poised to remain at a high level through the end of the year; containers could become scarce in North America. Consulting firm Xeneta says in part “there ...