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Jury awards $9.4M fraud verdict against Wyoming logistics broker in COVID glove supply disputeMedical supply distributor won case alleging fraudulent han…
Medical supply distributor won case alleging fraudulent handling of COVID-era personal protective equipment purchases.
Spot rates increasingly diverge from broader container shipping market signals post-pandemic, volatility widens
Shippers relying on spot market pricing to gauge wider box shipping trends face growing accuracy risk.
Intra-Asia container rates ease marginally after post-Covid peak ahead of Golden Week; fuel and geopolitical pressures persist
Elevated bunker costs and regional disruptions continue supporting freight values despite minor rate pullback.
Sam Chambers / Splash 247:ClarkSea Index hits third consecutive all-time high at $66,421/day, surging 50% since end of AugustCross-sector shipping benchmark now nearly 3x pre-pande…
Cross-sector shipping benchmark now nearly 3x pre-pandemic levels, driven by sustained demand across container, tanker, and bulk segments.
Transpacific spot rates approach Covid-19 peaks as carriers add capacity; rate gap with Asia-Europe reaches record
Geographic rate divergence driven by asymmetric demand and carrier overcapacity on competing trade lanes.
Stuart Chirls / FreightWaves:Transpacific container rates hold near $9,600 on resilient U.S. demand and Asian port congestionPeak-season pricing sustained despite shortage of pande…
Peak-season pricing sustained despite shortage of pandemic-era highs; cargo owners brace for prolonged elevated rates.
Global container shipping reliability hits four-year low; just one-third of services on-time as Asia congestion persists
DP World calls deterioration 'a new normal'; intra-Asia rates elevated by congestion and rising bunker costs, mirroring pandemic-era perform…
Jay-Z rape accuser says her allegation was false
A woman who accused Jay-Z of raping her when she was 13 now says she has never met the rap superstar.