The Inbound Ocean TEU Volume Index (IOTI), which measures maritime bookings for twenty-foot equivalent units for U.S. imports, is set to hit an all-time high this week. The IOTI starts in January 2019 but covers one of the most active periods in maritime shipping thanks to the pandemic. With imports being tied more closely than […]
Container-shipping spot rates keep bouncing around at stratospheric heights — and show zero signs of sliding back to earth. On some trade lanes, they’re still ascending. Case in point: The formerly sleepy Europe-U.S. trans-Atlantic route just spiked. With fallout from the Ever Given accident in the Suez Canal expected to cut container and vessel availability, […]
El Paso border commercial crossing looks to rebound in 2021 The coronavirus pandemic delivered a heavy hit last year to commercial trade at the United States-Mexico border crossing in El Paso, Texas. Trade at the Port of El Paso fell 62% to $29.2 billion during 2020, compared to $76.6 billion during the same period in […]
The worst conditions will likely happen Tuesday and Wednesday, mainly from west of Denver in Colorado to southern Idaho, western Wyoming, southern Montana and eastern Nevada. Total snow amounts will depend on exact location and elevation, but some areas could see up to 12 inches while other locations get only a few inches. Wind gusts […]
Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year.
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