
Freight Market Update: August 8, 2018
Maersk warns of lower-than-planned earnings amid rising fuel prices and trade tensions, while Mexico's shipping industry turns to tech to curb cargo theft.

Maersk warns of lower-than-planned earnings amid rising fuel prices and trade tensions, while Mexico's shipping industry turns to tech to curb cargo theft.

Peak season arrives early as US import volumes climb, while the White House weighs raising tariffs on $200 billion of Chinese goods to 25%.

Transpacific services run three weeks out as blank sailings tighten capacity, and Cosco's US operations are hit by a cyberattack this week.

Transpacific carriers add emergency bunker surcharges as rising oil prices and Iran sanctions bite, while Typhoon Maria hits Taiwan and China.

New IMO emission control rules may push rates higher through 2020, while trade tensions drive an 8.4% spike in U.S. seaborne imports at LA/Long Beach.
A worsening U.S. driver shortage, full ELD mandate enforcement, and rising fuel prices are driving up trucking rates in summer 2018. Read the update.

U.S. West Coast port closures over Independence Day plus rising retail demand drive cargo volumes to U.S. seaports in the week of June 28, 2018.

The EU launches retaliatory tariffs on U.S. goods over steel and aluminum duties as Trump threatens European auto tariffs and shipping costs hit record highs.