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FLEXPORT INC.
Container rate surge enters longest stretch since the pandemicRates from Shanghai to Los Angeles have risen for seven weeks, reflecting the balance of supply and demand in the container market.- Ships diverted from Red Sea send ripple effects across the globeSupply chain managers paying for the services look to place order in advance as ships face extended journeys since they spend more time at ...
- The $10,000 shipping container looms in latest trade strainsWith capacity stretched by more than five months of attacks on vessels in the Red Sea, the container shipping industry is scrambling to mee...
- Baltimore Bridge Collapse: Catastrophic consequences threaten to impact cars to coalA catastrophic bridge collapse in Baltimore's Francis Scott Key Bridge leaves six presumed dead, disrupts 2.5 million tons of coal and car ...
- Baltimore bridge collapse will redirect cargo across the USAs local, state and federal officials focus on rescue efforts and wouldn’t speculate on how long the nation’s busiest automobile port might...
- Charting the global economy: Maritime attacks drive up costsHalf of the container-ship fleet that regularly transits the Red Sea and Suez Canal is avoiding the route now because of the threat of atta...
- Half of Red Sea container fleet avoids route after attacksThe tally compiled by Flexport Inc. shows 299 vessels with a combined capacity to carry 4.3 million 20-foot containers have either changed ...
- Twin crises send cargo ships back to 18th century trade routesHitting routes that handle almost 20% of trade, the issues are forcing vast detours by the global merchant fleet, driving up freight bills,...
- Supply chains have healed yet their mark on inflation to endureWhile we are seeing supply chains globally gradually healing up, it is yet to show any significant impact on inflation across the world.
- How the busiest US port went from swamped to ‘Dormant Volcano’The answers reflect the changing economic tide — from a pandemic recovery led by resilient consumers and fully stocked warehouses, to a slo...
- A tech ‘Golden Age’ awaits supply chains limping out of the pandemicAs supply snarls recede this year, they’re giving way to a different kind of disruption in the $10 trillion global logistics industry: a te...
- Strike at Port of Felixstowe set to upend supply chainsStarting Sunday, about 2,000 dockers at the Port of Felixstowe will go on strike for eight days, halting the flow of goods through the UK’s...
- Many VC firms ban side investing. Yuri Milner's DST encourages itDST Global doesn’t typically invest in young companies, so it allows the partners to do so individually or pool their cash. DST does this, ...
- China lockdowns worry businesses as shipping uncertainty growsThe world’s supply chains are still being hammered by labor shortages and logistics challenges as the pandemic enters its third year — with...
- East Coast ports rushed to attract mega ships. Now, one is stuck outside DCAfter the Panama Canal expansion was finished, giant ships that didn’t originally fit the waterway began sailing from Asia to the East Coas...
- Evergreen hires firm that saved the day at Suez to free its stuck ship in the USThe Hong Kong-flagged ship got stranded after departing the Port of Baltimore’s Seagirt Marine Terminal on Sunday night and hasn’t moved si...
- War shocks ripple across one of the world’s busiest trade lanesMediterranean Shipping Co. and A.P. Moller-Maersk A/S, the world’s biggest container carriers, on Tuesday halted bookings for Russian freig...
- Global supply chains near make-or-break point for easing in 2022From Europe to the U.S. and China, production and transportation have stayed bogged down in the early days of 2022 by labor and parts short...
- Port gridlock stretches supply lines thin in blow for economiesAs the Big Crunch of 2021 has repeatedly demonstrated, a bottleneck in one corner of the globe eventually exacerbates a logjam or compounds...
- Surging shipping rates pose new headwind for the global economyJust a few weeks ago, the bottlenecks at ports from Singapore to Los Angeles and Rotterdam were looking like short-term headaches and added...
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