Malibu trailer theft reminder of vulnerability of carriers’ assets

The worst nightmare of every business owner became reality last December for one Malibu, California, homebuilder, “John”: His trailer and $300,000 worth of wood inside it were stolen from his garage. While John had secured his trailer, that did not deter the persistent criminal, who busted the lock and sneaked away in the night with…

Mixed signals: Container shipping downturn not following the script

Spot container freight indexes are still falling. Cargo shippers are signing annual contracts at sharply lower rates than last year. Import demand continues to be crippled by high inventories. A massive wave of new container ships is now hitting the market in full force. And yet, the container shipping industry does not appear to be…