Cargo

The TT Club estimates that the international maritime industry incurs losses of about $6 billion each year because of incorrectly packed or documented cargo. "That includes damage to the cargo and delays, environmental cleanup, injuries and ship damage. The point is that $6 billion is totally...

The initial assessment of the coronavirus effect on ocean shipping was: It will slash Chinese exports of containerized, factory-made goods and reduce China's import demand for industrial and energy bulk commodities. As it turns out, that appraisal missed a big part of the fallout picture. The...

One of the myriad coronavirus-related concerns is that container-shipping services on the backhaul routes to Asia could be impaired. With Chinese factories still largely shut down and land transportation to ports constrained, the volume of containerized cargo flowing on the two main headhaul...

LATAM Airlines (SGO: LTM) is launching two new cargo routes dedicated to exports from the U.S. to Central and South America.  LATAM's cargo division began flying the new routes with Boeing 767-300 freighters on Tuesday. One service departs Miami for Panama and then goes to Bogota, Colombia, while...

The new competitive landscape of U.S. freight brokerage has been years in the making, but now it's one of Wall Street's favorite themes. Bank of America Merrill Lynch transportation analyst Ken Hoexter published a client note on Tuesday titled "Primer: Broker Wars, Part I: Tech disruption &...

Image by Wolfgang Schröpfer from Pixabay

Hong Kong International Airport is the largest airport in the world for cargo and it wants to stay that way. Amid a serious slump in cargo volumes, the airport authority is now allowing airlines to rebate a portion of their terminal handling charges to freight forwarders and offering to cover 20%...

Uni-Top Airlines, a privately held cargo carrier based at Wuhan Tianhe International Airport, has ceased operations. The financially troubled carrier was a fully owned subsidiary of Shenzhen-based logistics group Uni-Top Industrial Corp. Chinese media report the company is trying to restructure...

In transportation analysis it may be said that passengers are cargo that complains. For the most part regulations can only push passengers so far before they reach a breaking point. Post-9/11 passenger regulations, as administered by the Transportation Security Administration (TSA), have meant that...

When it comes to determining the fairness of assessing demurrage and detention fees, one of the most challenging aspects for both the U.S. Federal Maritime Commission and ocean shipping industry involves container retrieval delays resulting from government inspections. "Imposition of demurrage and...

U.S. Customs officers at Los Angeles International Airport recently confiscated 28 counterfeit National Basketball Association championship rings with a retail value of $560,000, the agency said Sept. 11. The officers discovered the jewelry while examining an air cargo package that arrived from...

Inspections of ocean shipping containers conducted by the U.S.-based National Cargo Bureau discovered a shocking number of containers with misdeclared and improperly packaged cargo. In the wake of incidents such as the 2018 fire onboard the Maersk Honam, which resulted in the deaths of five crew...

Editor's note: Kenneth Smith Ramos is a former chief negotiator for the United States-Mexico-Canada Agreement for the Mexican government. He is currently a partner at Mexico City-based Agon, Economía, Derecho, Estrategia. The opinions expressed here are those of Ramos and not American Shipper or...

Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, one outlook for 2019 suggests the container shipping industry will remain challenged.  Spot rates on...

A seamless shipping experience through customs involves foresight, planning and a seamless transit process. However, it's not unusual for delays to occur, some out of your control. These are six of the most common reasons cargo gets held up in customs. Incorrect or missing documentation Shipping...