The shipping industry has been anything but normal the last five years. During this time period, U.S. importers have dealt with gridlock at the ports, bankrupt carriers, ransomware attacks, customer service failures and severe space shortages. The newest problem looming over the shipping industry is the lack of truck capacity. U.S. importers moving cargo from the ports to…
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Carriers Struggle to Maintain Rate Stability
After collectively losing $5 billion in 2016, the carriers are collectively poised to return to profitability for 2017. The anxiety that shippers experienced in 2016 regarding bankruptcies and acquisitions is no longer dominating the headlines. While stability is welcome news for the industry, there are concerns about whether the carriers will be able to sustain stability.…
CONTINUE READINGCarriers Will Decide Stability of Shipping Market
Author: Jeff Bergmann, International Housewares Shippers Association (IHSA) On June 4th, I wrote a blog titled “Container Space and Equipment Challenges Persist in Asia”. Almost four months have passed and many of the same challenges persist within the Asia - United States market. No doubt, the chaos experienced by shippers during the months of May, June, and July has…
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