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Understanding Harbor Maintenance Fees and Merchandising Processing Fees

Container Ship Orders Continue To Rise

Container Ship Orders Continue To Rise Global Capacity For Freight And Alternate Fuel Grows In an increasingly interconnected world, the ocean shipping industry has been making a powerful splash in global economics. In the past few years, container ship orders have seen an impressive upswing. The rise, sparked by the global supply chain crisis that began in 2020, has been unexpected yet promising as these events are filled with positive signs for the future of global commerce. There are two main drivers for the rise in container ship orders: capacity and emissions. Thanks to the massive…
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port of alaska in anchorage

The Importance of Alaska for Global Trade

The Importance of Alaska for Global Trade The Last Frontier Gives the U.S. Strategic Advantage In recent years, the conversation on global trade has often revolved around China and its megaports in Shanghai, Ningbo, and Shenzhen. Shifting stateside, the focus often remains with the Southern California ports of Long Beach and San Diego. However, the real might of American shipping and freight forwarding lies much farther north. Often overlooked, Alaska plays a pivotal role in global trade. Being close to the Arctic Circle gives Alaska a unique advantage: it provides shorter trade routes between Asia,…
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Vancouver, Canada

All You Need To Know About the Canada Port Strike

All You Need To Know About the Canada Port Strike Striking Dock Workers in Pacific Lead to Major Disruption A wave of unease has swept over Canada’s coasts. As of July 1, 2023, thousands of terminal cargo loaders have put down their tools and stepped off the job, setting off a ripple effect that’s being felt across the globe. UPDATE: July 27th, 2023 A tentative agreement was reached, pausing the strike, on July 13, 2023. That agreement was rejected by union leadership and the strike resumed on July 18th. As of this writing, workers are preparing to…
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semi trucks driving along an american highway

Train vs. Truck Shipping: Weighing the Pros and Cons

Train vs. Truck Shipping: Weighing the Pros and Cons What’s the Best Way to Send Your Freight? Logistics experts often debate the merits of shipping freight by train vs. truck. Both methods have benefits and drawbacks. For example, it is hard to match the flexibility of a truck that can back directly up to your warehouse. At the same time, that truck may be waylaid by weather or traffic conditions while a train is able to power through the night. The railroad connected the United States of America while it was still a young country. Storied…
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Shipping container ship passes under the Golden Gate Bridge in San Francisco

Ocean Shipping Rates Hit Two Year Low

Ocean Shipping Rates Hit Two Year Low Costs Continue to Descend from COVID Peaks Since the pandemic turned the world upside down in March 2020, everyone has been anticipating and hoping for a return to normalcy. Now, there appears to be a light on the horizon. In a boon for shippers, and potentially consumers, long-term ocean shipping rates hit a two-year low in July. Even better, this light is not a flash in the dark, but a continuing trend that has been steadily emerging for some time. While spot-rates are still subject to numerous evolving…
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The Numbers Behind Air Cargo

The Numbers Behind Air Cargo Take to the Skies with these High Flying Statistics When it comes to freight forwarding, most people picture thousands of shipping containers stacked on top of each other on massive cargo ships or parading past on a miles long train. However, less attention is paid to air cargo constantly criss-crossing the globe. While out of sight may mean out of mind, approximately 35% of world trade travels through airports, or about $6 trillion dollars annually. From the busiest airport in the world—Hong Kong, 28 years and counting—all the way to FedEx…
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A container ship in the Panama Canal with the Centennial Bridge in the background.

Traffic Jam in Panama Canal Due to Drought

Traffic Jam in Panama Canal Due to Drought Lack of Rainfall Causes Logistical Issues Two years ago it was the Suez Canal, but now effects from a traffic jam at the Panama Canal are reverberating around the globe.  Industry experts have been keeping a close eye on the canal as the region suffers from a prolonged drought. The lack of rainfall has forced the canal to limit the number of ships that can pass through. Each day without rain means big numbers. It is forecasted that the canal will miss out on a potential $200 million…
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Exploring the Economic Outlook of China and Asia

Exploring the Economic Outlook of China and Asia China’s Economy Stumbles, But For How Long? Following decades of unprecedented economic growth, China has enjoyed formidable growth and influence. However, recent signals reveal a series of setbacks, casting shadows on an anticipated economic resurgence.  While China’s prospects may be dampened, Asia is still poised to be a rising force in global politics. The entire world is watching closely as the East aims to take a bigger slice of the pie in the near future. Short Term Red Flags for the Red Dragon China is looking to…
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The Impact of Russo-Ukrainian and Israel-Hamas Wars on Trade

The Impact of Russo-Ukrainian and Israel-Hamas Wars on Trade Dual Conflicts Lead to Rise in Shipping Rates International trade remains strong despite instability in Eastern Europe and the Middle East. While consumers are seeing few delays in shipments, they are not immune to rising costs due to increased uncertainty and rising insurance premiums. All five ports in Israel have heightened security alerts, with the ports of Ashdod and Ashkelon closest to Gaza receiving the most attention. Routes serving Haifa, Israel’s largest port, remain largely unaffected. In fact, spot rates for ocean shipping have fallen since…
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US Capitol

What a Government Shutdown Means for Shipping

What a Government Shutdown Means for Shipping Forecasting the Impact on Imports Stop us if you’ve heard this before: the deadline for a government shutdown is imminent. Lawmakers need to pass a stopgap bill before midnight on November 17, 2023, an extension from the original cutoff date of October 1, 2023, or they will face a partial government shutdown. This would include the disruption of “non-essential functions” including, but not limited to, social security, environmental protection, national parks, and air travel.  Democrats and Republicans are currently participating in negotiations with hope that an agreement can…
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