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Latest From Alan Murphy
Transpacific carriers are slated to take out 7% of slot space at the beginning of the third quarter, in addition to 15% of capacity on the Asia-Europe trade
This worst-case scenario would be devastating for the industry, as the combined operating profits of the top 12 carriers during the past eight years was $20.9bn
The coronavirus outbreak and continued closure of various manufacturing entities has taken a significant bite out of container shipping demand in Asia
Carriers’ point-to-point online tools still leave much to be desired
All but three of the major main lane service offerings have suffered from blank sailings since their inception
With roughly half of US imports from China now subject to a 25% tariff, and almost the entirety of Chinese imports from US subject to a 25% tariff, the transpacific trade is likely to be adversely affected this peak season