The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Reefer rates rise as Valentine’s Day flower demand arrives. See how Miami’s freight market reacts to seasonal shipping spikes.
Plus, p44 CEO responds to MyCarrier's open letter, Goldman Sachs expands warehouse portfolio, ArcBest earnings report is out, and more.
Israeli ship in Indian Ocean targeted by suspected Iranian drone amid regional tensions and ongoing conflict with Hamas.
A suspected Iranian drone attacked an Israeli-owned container ship in the Indian Ocean amid the ongoing conflict with Hamas in the Gaza Strip, according to U.S. defense officials. The attack occurred as a temporary ceasefire has enabled a prisoner swap between Israel and Hamas, with 13 Israelis and seven foreigners exchanged for 39 Palestinians. The CMA CGM Symi, managed by Singapore-based Eastern Pacific Shipping, sustained damage but the crew remained unharmed. This incident is part of a series of attacks and hostilities in the region, reflecting the tense geopolitical climate and the escalation of a shadow war between Israel and Iran.
Breaking #Israeli-owned container ship reportedly hit by an #Iranian suicide drone in the Indian Ocean, following the recent hijacking of a partly-Israeli owned ship by Houthi rebels in the Red Sea. pic.twitter.com/KBE7RHpCo7
— Aimen Jamil (@jamil_aimen) November 25, 2023
Source: AP News
Shipping groups urge governments to intervene as Houthi attacks claim more lives and send freight rates soaring. Second vessel sinks in Red Sea.
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.
Container rates hit new highs, causing shipper worry. With tender rejections in LA hitting 2-year highs, FreightWaves' Craig Fuller is "bullish" on 2H recovery.
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
