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A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. Staff …
Hapag Lloyd AG
Maersk slumps 7% as the end of U.S. port strikes weighs on European shippers
An aerial view of the Dundalk Marine Terminal October 03, 2024 in Baltimore, Maryland. Anna Moneymaker | Getty Images Shares of Moller-Maersk slumped more than 8% on the Friday market …
Canadian rail lockout leaves billions in U.S. trade stranded
Locked out railway workers demonstrate outside of the CN Rail Brampton yard on August 22, 2024 in Brampton ON, Canada. Ian Willms | Getty Images The highly integrated trade relationship …
How shipping containers can make or break the global economy
The shipping container is a logistics marvel that can affordably move thousands of items from hundreds of different companies all around the globe. If there is a slowdown in shipping-container …
Biden admin is expanding an effort to track supply chain in real time
The Biden administration is expanding a freight data partnership with major U.S. companies to track the movement of goods in real time. On Wednesday, the Department of Transportation is announcing …
Demand for shipments has risen since Red Sea attacks
A China-Europe freight train returning from Russia arrives at a railway container freight center on September 20, 2023 in Manzhouli, China. Liu Wenhua | China News Service | Getty Images …
Red Sea crisis could jeopardize inflation fight as shipping costs spike globally
A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Images U.S. shipping costs are spiking as attacks in …
Container prices hit $10,000, freight inflation soars in Red Sea chaos
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising …
Ikea warns of product delays
Ikea warned of delays on some products due to the mass diversion of shipping containers from the Red Sea over safety concerns. “The situation in the Suez Canal will result …
Maersk begins rerouting via southern Africa
Danish shipping giant Maersk confirmed on Tuesday that its vessels due to transit the Red Sea and Gulf of Aden would take the Cape of Good Hope route around the …