container freight

Container Freight Rates Stall After Four Weeks Of Growth

Four weeks of gains in spot container freight rates are expected to evaporate as mainline operators continue chasing market share despite weak demand, says an article published on container news website.

Container Freight Rates

Four Weeks of Gain, Now Expected to Decline: After four weeks of increasing spot container freight rates, the trend is anticipated to reverse due to carriers pursuing market share in the face of weak demand.

Specific Rate Changes:While Transpacific rates had increased,...

https://mfame.guru/container-freight-rates-stall-after-four-weeks-of-growth/

FreightWaves Classics: Malcom McDowell’s containership begins first journey in 1956

Malcom McLean in the foreground with a Sea-Land container behind him. (Photo: Maersk)

On this date in 1956 the first commercially successful container ship began its maiden voyage on a route from New Jersey to Texas. The Ideal X and its 58 intermodal containers began a revolution in shipping that is still echoing around the world today.

Background

A McLean Trucking Company patch. (Photo: NC Historic Sites)A McLean Trucking Company patch. (Photo: NC Historic Sites)

Malcom P. McLean recognized the potential to haul motor freight when he was just a teenager. The native of Maxton, North Carolina, purchased his first truck in 1934 and began...

https://www.freightwaves.com/news/freightwaves-classics-malcom-mcdowells-containership-begins-first-journey-in-1956

Container Freight Demand To Remain Buoyant Amid Surging Rates

  • Container freight demand to escalate throughout the Lunar New Year.
  • A delay in the return of containers to dockside in the US and Europe in Q2 2020 led to equipment shortages.
  • The global economy is expected to recover amid the COVID vaccine administration.

Demand for container freight looks set to remain at very high levels throughout the Lunar New Year, with freight rates from North Asia to the UK at all-time highs as volumes continue to rise, reports Platts.

Soaring freight rates

Importers...

https://mfame.guru/container-freight-demand-to-remain-buoyant-amid-surging-rates/

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