Shipping industry

After the Great Recession, the cargo shipping industry overestimated how fast the consumer economy would bounce back. It’s been a tough few years, with empty space on many cargo ships that carry furniture, clothes and office supplies — pretty much all the stuff Americans buy in stories. But now, old ships are getting replaced with a […]

The container-shipping industry is more consolidated than ever. As of this month, the world’s top ocean carriers are now mostly in three major alliances, set to control 90 percent of seaborne cargo. That changes the game for many of the country’s ports, who are themselves beginning to work together.  Click the audio player above to […]