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shipping costs
07/19/2024
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By Kevin Hughes
Shipping costs are rising all over the world, striking a huge blow to international trade
The impacts of restrictions on shipping in the Red Sea and Panama Canal are now being experienced around the world. Conflicts, economic downturns and restrictions on shipping all over the world are causing shipping costs to surge, straining the free flow of international trade. In the Middle East, for nearly 10 months now, Houthi forces from […]
04/01/2022
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By Arsenio Toledo
IMF WARNS: Rising shipping costs are affecting inflation, raising prices of everyday goods
The International Monetary Fund (IMF) is predicting that the effects of the two-year-long global supply chain crisis will worsen again in April, as rising shipping costs threaten to slow economic growth and worsen inflation. According to an article posted on the IMF’s website on March 28, the organization outlined how the economic restrictions imposed upon the world […]
01/18/2022
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By Cassie B.
Grocery shortages getting worse across U.S. thanks to pandemic, storms
In the early days of the pandemic, it was not unusual to see store shelves wiped clean of toilet paper. These days, however, we are seeing empty shelves on every aisle of the store, and the situation is unlikely to improve any time soon as the pandemic dries up supplies. A new round of backlogs […]
10/22/2021
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By Mary Villareal
Cargo ship backlogs in California hit record high as supply chain crisis worsens
Cargo ship backlogs at the Ports of Los Angeles and Long Beach have hit record high as the supply chain crisis continues. On Monday, Oct. 18, the Marine Exchange of Southern California reported 100 vessels berthed at those ports, topping the previous record of 97 set last Sept. 19. Both figures are a lot higher than the 17 ships […]
10/21/2021
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By Arsenio Toledo
Cost of shipping liquefied natural gas has more than doubled in a month
The natural gas and energy shortages sweeping across Europe, Asia and the United States have now affected the cost of shipping liquefied natural gas (LNG). One of the first disastrous changes to occur to the shipping industry’s prices was the cost of shipping containers soaring. This was followed by the cost of dry bulk cargo […]
10/18/2021
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By Mary Villareal
Walmart, UPS and FedEx commit to working more shifts to deal with global supply disruptions… but will it matter?
The White House announced Wednesday, Oct. 13, that Walmart, UPS and FedEx are moving to work more shifts to deal with global supply disruptions that have contributed to a surge in inflation. The announcement was made ahead of President Joe Biden’s meeting with the heads of those companies to address the supply chain bottlenecks before the Christmas […]
08/19/2021
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By Nolan Barton
Surge in shipping costs, bottlenecks at ports threaten global economic recovery
The price of moving a 40-foot container from China to the West Coast has jumped to almost $16,000 – a tenfold increase from pre-pandemic costs – as surging shipping prices and bottlenecks at ports threaten global recovery from the economic crisis inflicted by the Wuhan coronavirus (COVID-19). From Shanghai to Rotterdam, transporting a 40-foot steel cargo […]
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