Port Operators Unveil Comprehensive End-to-End Offerings
As the COVID-19 pandemic highlighted the significance of global supply chains, Canadian port operators are expanding their services beyond traditional freight handling.
Panama Canal Maintains Restrictions as Drought Impacts Lake Levels
The Panama Canal will continue to impose draft restrictions on shippers due to a drought that has caused water levels in its main lake to reach a four-year low.
ZIM Defies Transpacific Capacity Exodus as MSC Takes the Lead
Ocean carriers have reduced their capacity on the transpacific trade route by almost a quarter in the past year due to low freight rates.
Shipping Impacted by Low Water Levels on Rhine River Amidst Climate Change Effects
Shipping on Germany's Rhine River is being impacted by low water levels caused by unusually dry weather in Europe.
Pentagon Begins Using Funds from Ukraine Aid Package to Expand Munitions Production and Bolster Critical Minerals Supply Chains
The Pentagon has started utilizing the $600 million Defense Production Act funding allocated from the $40 billion Ukraine aid package.
Shipping Industry Experiences Setback as China's Post-COVID Recovery Stalls
China's economic slowdown and declining exports are impacting ocean shipping, with the post-COVID rebound in domestic spending faltering.
USPS Faces Decline in International Volume, Affecting Cross-Border E-commerce Market
The U.S. Postal Service (USPS) is experiencing a significant decline in international volume, despite the growth of cross-border e-commerce.
Why TikTok is outsourcing?
TikTok is reportedly working with third-party logistics (3PL) fulfillment service providers to build its own logistics network.
Panama Canal Expansion Project Celebrates 7th Anniversary Amidst Significant Challenges
The Panama Canal Authority marks the seventh anniversary of the expanded Neopanamax locks, which have transformed global shipping by accommodating larger vessels.
Examining the Efforts of 3 Major Companies to Relocate Supply Chains from China and Their Progress Away from the 'Factory of the World'
China's longstanding position as the global manufacturing hub is facing challenges as companies reassess their supply chains.
Initiatives by the Panama Canal to Combat Water Scarcity
Ricaurte Vásquez Morales, the Administrator of the Panama Canal, recently discussed with CNBC's Lori Ann LaRocco the impact of drought on the Panama Canal and its implications for shippers.
El Niño's Impending Impact on the Horizon
The National Oceanic and Atmospheric Administration has identified El Niño conditions present in May, with expectations of gradual strengthening into the winter of 2023 and 2024, including a 56% probability of a strong El Niño developing.
Potential Global Economic Consequences in the Balance as Chaos Reigns in Russia
The global economy, already grappling with the aftermath of the pandemic and the war in Ukraine, faces further uncertainty as chaos in Russia threatens to disrupt stability.
Paris Summit Gains Momentum: 22 Countries Back Carbon Tax for Ships
More than 20 countries, including France, Spain, Norway, and Portugal, expressed support for a carbon tax on greenhouse gas emissions from the international shipping industry during a global finance summit in Paris.
Addressing the Pacific Lift Challenge
The US military's preparations for conflict in the Pacific are being hindered by inadequate logistics planning, according to Bradley Martin and Christopher Pernin of the RAND Corporation.
Logistics Plus adds to European operations
Logistics Plus Inc., a logistics service provider based in Erie, Pennsylvania, has acquired Dutch company Jan Krediet in order to expand its presence in Europe.
Freight Sector Nears Turning Point as Depressed Market Rebalances in May
The freight sector is on the cusp of a turning point as the market rebalances and prepares for a rebound in business conditions, according to ACT Research.
Panama Canal Faces Century's Worst Drought
The Panama Canal, facing its driest period in over a century, has imposed transit restrictions since May, leading to reduced container loads for large vessels.
US still losing the EV race after signing a mineral deal with Japan
Japan is aiming to strengthen its position in the electric vehicle (EV) space through a critical minerals trade deal with the United States.
BNSF Prepares for Intermodal Surge After West Coast Ports' Contract Deal
Following the resolution of the contract dispute at West Coast ports, BNSF Railway Co. (BNSF) has announced its readiness to handle an anticipated surge in intermodal volumes once freight levels in the region return to normal.