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Jun 02, 2023

Carriers pare blank sailings in May as ocean freight rates steady

Shippers diverting goods away from the West Coast typically like what they see:

Shippers diverting goods away from the West Coast typically like what they see: Ports up and down the East and Gulf coasts that have invested significantly to handle growth, are customer-focused, take fluidity seriously and have experienced virtually no labor disruption since the late 1970s.

The International Maritime Organization has an opportunity next month to set more aggressive goals to slash carbon emissions, which could send a powerful signal to stakeholders needing direction, writes Journal of Commerce Executive Editor Mark Szakonyi.

US consumers are still spending, but at a slower rate, and that's pushing major restocking of goods further toward the back half of 2023, analysts and retailers say.