Tag: Global Trade
Port of Oakland Reports Solid Growth in May 2024 Container Volume
The Port of Oakland has reported a solid increase in container volume for May 2024, reflecting a positive trend in maritime trade activities. The...
Container Market Experiences Surge, Volatility Expected to Persist
The container market has recently experienced significant growth, driven by factors such as increased consumer demand and improved shipping logistics. Despite this surge, experts...
May 2024 U.S. Containerized Imports Break 2.3M TEUs
In May 2024, U.S. containerized imports reached a record-breaking 2.3 million twenty-foot equivalent units (TEUs), indicating a robust recovery in global trade and supply...
Early Peak Season Drives Soaring Container Rates
Container freight rates are surging as the peak shipping season arrives earlier than usual, driven by increased demand and ongoing supply chain disruptions. This...
Rising Container Freight Rates: Implications for Global Trade
Container freight rates have seen a significant rise recently, impacting global trade dynamics. This increase is primarily driven by various factors including port congestion,...
Record TEU Volume Achieved by Port of New York and New Jersey in Q1 2024
The Port of New York and New Jersey has marked a significant milestone in the first quarter of 2024, surpassing 700,000 TEUs in March...