With the looming threat of labor unrest on the U.S. East Coast and Gulf Coast, the shipping industry is bracing for significant rate increases. Several major carriers, including Evergreen, HMM, CMA CGM, Maersk, and Yang Ming, have issued announcements about impending surcharges designed to mitigate the operational disruptions expected if strikes or other labor-related slowdowns materialize. These rate hikes, set to take effect in mid-to-late … Read More
Preparing for Chinese Golden Week: A Critical Time for the Logistics Industry
As we approach Chinese Golden Week, it’s essential for everyone in the logistics industry to understand the significant impact this holiday can have on global supply chains. Golden Week, which takes place in the first week of October, is one of the largest national holidays in China, celebrating the founding of the People’s Republic of China. While it’s a festive time across the country, for … 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
Supply chain crisis is not over and could last until 2023
Is it the longest congestion ever? Maybe. Great news for one side of the industry and bad news for the other. With container freight rates and port congestion in the worst position compared to 2020 and 2021, the situation doesn´t expect to change until next year, 2023.
Industry Reporting a Short Term Decline
According to the data provided by the Intermodal Association of North America (IANA), the market saw a decline in Intermodal transportation, reporting a significant decline in September 2021. Read Here