Slump at US Ports Continues in April

The slump at the nation’s ports continued in April as 20-foot-equivalent container (TEU) volumes were down, in some cases by double digits when compared with 2019. The Port of Los Angeles reported a 6.4% year-over-year decrease as it processed 688,999 containers in April compared with 736,465 in the same month a year ago. The facility’s […]

HMM deploying world’s largest container ship

Imagine the Empire State Building laid on its side. The newly christened HMM Algeciras is more than 60 feet longer than the New York City landmark is tall. A walk around the world’s largest container ship would be about half a mile. A naming ceremony was held Thursday for the HMM Algeciras, which has a […]

Struggling US importers granted 90-day duty deferment

Under authority of the White House, Customs and Border Protection (CBP) will allow U.S. importers of certain goods to defer their payments of duties, taxes and fees for the next 90 days, starting April 20. The temporary duty deferment was included in an executive order signed by President Trump on Friday, April 17, to help American businesses […]

Coronavirus in the Caribbean: Container volumes plunge

A monster economic hurricane has suddenly stalled indefinitely over each of the Caribbean islands simultaneously. Coronavirus deaths remain relatively low here — it’s not yet a pandemic hotspot — but financial fallout is potentially catastrophic due to the region’s reliance on tourism. “Coronavirus has had a huge effect on the Caribbean. It’s not immune. It’s getting rocked, […]

US import plunge inevitable as canceled sailings mount

Container lines provide a window into the future of U.S. landside cargo flows, not in the sense of reading tea leaves or palms, but in the sense of inevitability, like death and taxes. Container-line schedules foretell that U.S. seaborne imports will fall sharply. That, in turn, will translate into lower trucking and rail volumes to the extent […]

Struggling US importers granted 90-day duty deferment

Under authority of the White House, Customs and Border Protection (CBP) will allow U.S. importers of certain goods to defer their payments of duties, taxes and fees for the next 90 days, starting April 20. The temporary duty deferment was included in an executive order signed by President Trump on Friday, April 17, to help American businesses […]

US ports offer temporary storage ahead of anticipated May surge

Although terminal operators at US ports acknowledge operations are fluid now, an expected spike in imports beginning mid-May has prompted them to begin offering on-terminal storage space for laden import containers carrying non-essential merchandise. The move, which is unprecedented in that terminal operators always encourage shorter container dwell times at their facilities, is being taken […]

Coronavirus in the Caribbean: Container volumes plunge

In the first article of a two-part series, FreightWaves examines how COVID-19 affects regional container markets and carriers serving the Caribbean Basin. Part Two will address fallout at the Caribbean’s all-important transshipment hubs. A monster economic hurricane has suddenly stalled indefinitely over each of the Caribbean islands simultaneously. Coronavirus deaths remain relatively low here — […]

Airlines begin pulling passenger seats to make room for cargo

With a global shortage of air cargo space and extraordinary demand to move emergency medical supplies, some overseas passenger airlines are taking out the seats on aircraft to make more room for freight. And U.S. airlines are asking the Federal Aviation Administration (FAA) for permission to fly cargo in the main deck where passengers normally […]