Does China emerge as the ultimate victor in the nearshoring landscape?
The practice of nearshoring, particularly bringing manufacturing back from Asia to the Western hemisphere, is seen as an advantage for American producers.
How embracing technology can help global logistics
Digitalization has brought about transformative changes in logistics and the supply chain, revolutionizing global operations.
Optimistic Carriers Persist Despite Worries of a Delayed Peak Season
Freight forwarders remain hopeful for a container demand recovery this year, according to a survey by Container xChange.
West Coast Ports Face Congestion as Labor Dispute Causes Ship Backlog, Risking Supply Chain Disruption
Labor fight at West Coast ports leads to ship congestion and rising commercial shipping prices, posing a risk of supply chain disruptions and potential shortages or higher prices.
Imports for the first half of 2023 are projected to decline by 22% compared to the same period last year
According to the Global Port Tracker report by the National Retail Federation and Hackett Associates, import cargo volume at major US container ports is expected to be 22% lower in the first half of 2023 compared to the same period last year, despite increased consumer spending.
Union Pacific and BNSF have introduced new intermodal services at Port Houston
Union Pacific and BNSF, two of the largest rail carriers in the United States, have introduced new intermodal services at Port Houston, transforming the logistics landscape for transporting goods to key U.S. markets.
Logistics Managers Index (LMI) experienced a contraction in May
In May, the Logistics Managers Index (LMI) recorded a contraction, reflecting a slowdown in the logistics industry.
Eastern Canada Wildfires Blanket US Cities in Smoke, Raising Climate Change Concerns
Smoke from severe wildfires in eastern Canada has caused a significant decline in air quality across the US, impacting states as far west as Minnesota and as far south as South Carolina.
Freight Railroad Alert Level Raised Amid Growing Concerns
West Coast port tensions and slowdowns caused by labor disputes are spreading congestion to freight railroads, raising concerns for the supply chain.
The Current Landscape of Global Logistics
Unforeseen drops in international freight pricing and an oversupply of freight capacity have led to a reversal in the global trade, supply chain, and logistics landscape.
Growing Vessel Buildup and Supply Chain Disruptions Plague West Coast Ports
Increasing vessel arrivals at the Port of Los Angeles and Long Beach have been impacted by labor slowdowns, causing disruptions in supply chain operations.
Low container shipping freight rates are not viable in the long term, says the CEO
Hapag-Lloyd, the world's fifth-largest container shipping operator, has warned that current low freight rates in the industry are unsustainable and must increase. CEO Rolf Habben Jansen stated that there are spot rates below cost, which is not viable in the long run.
Terminals at the Port of Los Angeles have resumed operations following work stoppages
Container terminals at the Port of Los Angeles have reopened after work stoppages caused by labor disputes.
In the UAE plans are underway to establish a massive freight grid
Swedish electric and autonomous trucking company, Einride, has signed a Memorandum of Understanding (MOU) with the United Arab Emirates (UAE) to develop a freight mobility grid called Falcon Rise.
Production at Toyota Indus has been temporarily halted
Toyota Indus, a subsidiary of Toyota operating in Pakistan, has announced the complete shutdown of its production plant in Karachi from June 3 to June 8, 2023.
OPEC+ partners urge for clarity; Russian crude exports remain at high levels
Russian crude oil exports continue at high levels with no significant evidence of output cuts, raising concerns among OPEC+ partners.
Shippers have accused all top ten ocean container carriers of engaging in profiteering
According to complaints filed with the U.S. Federal Maritime Commission (FMC), all of the top ten ocean container carriers have been accused of price gouging and unfair practices by shippers over the past 18 months.
Ocean Network Express announces delivery of first-ever 24,000-TEU “Megamax” vessel
Ocean Network Express (ONE) has announced the successful delivery and deployment of their inaugural 24,000-TEU class vessel, the ONE Innovation.
Loss and waste are prevalent issues across global food supply chains
Jean Pierre Azañedo, CEO and Co-founder of CoreZero, emphasizes the importance of addressing sustainability in global food supply chains.
Shipping Industry and Supply Chain Leaders Showcase Commitment to Climate Action Ahead of Crucial Negotiations
Leaders from the global shipping industry are demonstrating their commitment to aligning their businesses with climate goals ahead of the upcoming International Maritime Organization (IMO) negotiations.