Unsteadiness seems to best describe the state of global shipping, with ocean freight rates staying low and schedule changes on the upswing, while UPS sees strong business overall on the ground and in the air held down by natural disasters.
Global container freight rates continue to be depressed by demand, despite some recent upticks.Read more
A trio of Japanese carriers have formed a joint venture, robotic vessels are coming from MOL, and container rates are rising. Three Japanese shippers are banding together There’s a new shipping consortium on the high seas. Kawasaki Kisen Kaisha Ltd., Mitsui O.S.K. Lines Ltd. and… Read MoreRead More Read more