Ocean freight rates on the trans-Pacific could double as a soap opera with the dramatic nature of sweeping change we’ve seen in the past three years. Over the course of thirty-six months, the threat of the pandemic turned into a full blown global crisis and volatility exploded across the logistics market. Where spot rates soared...Read More

Reports from Bloomberg that the Ports of Los Angeles and Long Beach are shut down today have come in as ILWU members withheld labor again this morning after effectively shutting down the port last night. The Pacific Maritime Association, the party representing the ocean carriers and terminals in contract negotiations, stated, “ILWU Local 13 withheld...Read More