With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and ...

"There's only nine shipping companies, nine, N-I-N-E, major ocean line shipping companies who ship from Asia to the United States," Pres. Biden said. President Joe Biden launched a renewed push ...

Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to ...

In June 2023, the National Oceanic and Atmospheric Administration (NOAA) announced that it was receiving $3.3 billion in funding as part of the Biden administration’s Inflation Reduction Act. NOAA’s ...

Ocean freight rates from Asia to the U.S. have begun to decline, providing some relief for U.S. shippers. But cargo shipping costs are still massively up since December 14 when the Red Sea crisis ...

President Joe Biden launched a renewed push Thursday to reduce the costs of shipping goods across oceans, a major challenge for retailers that the White House said has pushed up prices as the world ...

With 158 vessels carrying approximately $105 billion in ocean freight being diverted away from the Red Sea amid the risk of continuing Houthis' attacks, cargo prices are soaring. Just when Covid ...