The Los Angeles Fire Department earlier declared a “major emergency” and indicated the vessel is carrying hazardous cargo.

The drop reflects a market where shippers are moving fewer loads than expected, and where "the traditional rhythms of logistics are no longer dependable."

The NTSB also pointed to a lack of adequate countermeasures built into the bridge itself as one of the reasons for the collapse of the span following the crash.

The port reported a 2% year-over-year increase in cargo volumes for the first 10 months of 2025, after processing more than 8.6 million TEUs year-to-date as of October 31.

The carrier's fleet in the Panamax class (less than 5,000 TEUs), will be boosted by a mix of newly built long-term charter vessels and owned vessels.

The snarls are evidence of how U.S. measures are complicating Russia’s oil trade, while not stopping it.

Trump’s plan would pause tariffs on imports of ship-to-shore cranes and chassis from China, and fees levied on Chinese-built and -operated merchant ships calling at American ports.

In recent weeks, jihadists linked to Al-Qaeda have been targeting truckers, especially those carrying fuel into the country.

The industry is starting to suffer from lower freight rates as the disruption in the Red Sea, which effectively is taking out about 7-8% of the world’s fleet.

Emissions are stabilizing, despite traffic growth, as industry navigates regulatory crossroads, says emissions tracking firm VesselBot.