“Shipping containers revolutionized how trade occurs and made trade costs much, much lower for many goods,” said Teresa Fort, associate professor of business administration at the Tuck School ...

Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of Germany's Hapag Lloyd , the world's number five operator by volume, said on Tuesday.

Container shipping has been a part of the world’s global trade system for several decades, but this business itself is complex. It is defined as a complex commercial industry with numerous functioning ...

The first commercial container ship voyage set sail in 1956, and it was only in the 1980s that this form of ocean freight really took off.

An index that tracks global container rates has plunged 75% from a year ago. The downturn has also affected the US trucking business, prompting the Fed to acknowledge the "freight recession".

Still more are stacking up at inland freight hubs in the U.S., Europe and Asia as companies struggle to cope with the cargo flows that at times have overwhelmed their operations.