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 importer says they’re reducing their contracts 15% to 20%, which is significant but still won’t...
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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...
In the past two years, the shipping industry has seen its share of challenges. From a global shipping container shortage to port congestion and a days’ long backup off the...
In today’s economy, shipping remains the primary method of transporting goods from point A to point B. In fact, nearly 90% of the world’s trade is transported in this way....