The shipping industry has weathered numerous storms over the past few years, primarily due to the effects (and aftereffects) of the COVID-19 global pandemic. Now, as we look at the forecast for 2023 shipping, another crisis is on the horizon: inflation and a reduction...
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First it was the backup off the coast of California, when shipping containers sat at port for up to eight days. Now the backup has shifted to the East Coast, causing port...
With a current inflation rate of 9.1%, it’s hard to believe anything could be going down in price. However, that’s exactly what’s happening with freight rates. One large...
Just when we thought the worst was behind us and the world was getting back to something resembling normal, chaos has returned. Shipping delays are currently being reported...
Although its official name is the Ocean Shipping Reform Act of 2021 (OSRA), due to the fact it was introduced in August 2021, it’s making headlines again. That’s because it...
Prices seem to be going up everywhere you turn. With gas prices edging ever closer to $5 a gallon (and higher, in some locations), it’s no wonder that companies are having...