Topic
shipping rates
Logistics Diana Shipping Locks In Nearly 30% Rate Increase for Ultramax in New Fednav Charter
Diana Shipping finalized a new time charter for its ultramax DSI Pegasus with Fednav at $18,350/day, nearly 30% above the previous Cargill rate. The deal runs from July 27, 2026 through at least August 15, 2027 with an extension option, expected to generate approximately $6.95m in gross revenue.
Logistics Fuel Surcharges Push Parcel Shipping Rates Near Record High in Q3 2026
The TD Cowen/AFS Freight Index projects express parcel rates to reach a record 15.8% above baseline in Q3 2026, driven by a 65.4% year-over-year surge in fuel surcharges. Ground parcel rates are on track for the highest cost per package on record. Carriers like FedEx and UPS are tightening discounts, and shippers are increasingly turning to alternative last-mile carriers such as OnTrac and Veho, which doubled volumes and now hold 7.2% market share.
Logistics Container Shipping: Why Rates are Skyrocketing (It's NOT Demand)
Container spot rates from China to the US West Coast have surged over 239% from March to June, driven not by demand but by the market power of the top ocean carriers. The top 10 carriers control approximately 90% of global capacity, allowing them to manipulate prices. US shippers face simultaneous cost pressures from container rates, warehouse rents, domestic trucking, and fuel surcharges.