The maritime shipping industry is witnessing significant changes as spot rates surge across major trade routes. According to the latest report from the Voice of the Independent, the Asia-North America trade lane has experienced double-digit spot rate increases for the first week of July, a trend that is expected to continue beyond October’s Golden Week. Drewry’s World Container Index (WCI) has reported a week-on-week growth … Read More
Shipping peak season is coming
The peak season in the logistics industry is an exhilarating yet challenging time when companies face a surge in demand for their services. As we approach the peak season of 2023, it is crucial for logistics companies to be well-prepared and equipped to meet customer expectations. The key lies in proactive preparation, adaptability, and a commitment to delivering a seamless logistics experience even during the … Read More
Rail Strike Looming Before the Holidays
A new potential rail strike is in the works after the largest rail union in the U.S. rejected its labor contract as of Monday, November 21st, over concerns about schedules and lack of paid sick time. Fear is setting in on what this means for potential shutdowns and the timelines, as this marks the fourth union to date to have failed to approve contracts. SMART-TD, … Read More
Air Cargo Demand is Strong, but Movement is Slow
Peak season is over, and the numbers are in for how global air cargo markets have fared during the second year of COVID, while new variants are popping up globally.
The upcoming challenges for the ocean logistics industry in 2022
The most popular strategies in the global ocean logistics industry for 2022 are to avoid the spot market, go for diverse sourcing, and hold more inventories. This was revealed in the recent survey carried out by Container xChange, with more than 800 logistics players as participants worldwide.
Ocean Carriers Rounding 2021 with Biggest Profits Yet
While consumers, manufacturers, and shippers are struggling to cut costs and remain afloat during these trying times – ocean carriers, specifically the Japanese carrier Ocean Network Express (ONE), are reporting some of the highest profits to date.
Port of Charleston Operates As If There Was No Peak Season
The Port of Charleston is making a difference. It seems to be the only one that’s not fighting against the enormous congestion that other U.S ports are living in now.
US Ports Employ Strategies for Peak Season
Due to this unprecedented peak season, congestion, tight capacity, and limited equipment are daily at U.S ports on the East and West Coast. The statistics do not lie, and here is what they show.
Long Beach Begins 24/7 Supply Chain Operations
Sept. 17th, in the thick of peak season with roughly 50 vessels anchored in San Pedro Bay, the ports of Long Beach and Los Angeles announced sweeping reforms in an attempt to improve fluidity and reduce delays during what continues to be unprecedented volumes at our nations largest ports. Among many of the measures being taken, is a much-needed move towards 24/7 operations. Both ports are extending … Read More
Employment Gains in Warehousing and Ground Transportation
According to the most recent report of the Bureau of Labor Statistics, the warehousing/storage, and trucking industries have seen an increase of more than 20,000 job positions during the period of July 1st – Sept. 1st.
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