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Image: OTRInsights AIMaersk has nearly doubled its full-year profit guidance as shipping disruptions continue to drive rates higher. However, shippers are accusing carriers of using "opaque surcharges" and artificial capacity constraints to maximize margins at the expense of contract stability.
Image: OTRInsights AIGlobal air cargo rates surged 36% year-on-year in May as Middle East conflict forces carrier rerouting and capacity redistribution. Data from WorldACD suggests the market is trending toward pandemic-era peaks due to sustained geopolitical volatility.
Image: OTRInsights AICargo thieves are ramping up operations ahead of the Memorial Day weekend, exploiting unattended trailers and holiday staffing gaps. Industry experts warn of a surge in both physical theft and sophisticated fraud during the upcoming shutdown.
Image: OTRInsights AIThe U.S. Department of Justice has charged four Chinese container giants with price-fixing and production limits that spiked equipment costs during the pandemic. The alleged cartel involved factory surveillance and illegal agreements to constrain the global supply of dry freight containers.
Image: OTRInsights AIGeorgia Ports Authority handled 1.42M TEUs in the third quarter, a 6.8% YoY increase as East Coast volume continues to outpace the West.
Image: OTRInsights AIWhy near-shoring to Mexico is only half the solution for North American retailers.