LACBFFA Long Beach, Los Angeles to invest in zero-emissions technology The ports of Long Beach and Los Angeles on April 1, 2022, will begin collecting certain fees per twenty-foot equivalent unit on loaded import and export cargo containers hauled by drayage trucks as they enter or leave container terminals. The ports have set an industry-leading […]
Read MoreSam Chambers splash247 The global seaborne commodities trading map continues to be redrawn at a blistering pace in the wake of the Russian invasion of Ukraine two weeks ago. Yesterday, the United States announced a ban on Russian oil and other energy imports. “We’re banning all imports of Russian oil and gas and […]
Read MoreBy Gavin van Marle THE LOADSTAR The spectre of blank sailings may be about to return to haunt shippers and forwarders on the Asia-Europe trades, as carrier begin to cancel departures in an effort to restore schedule reliability. Japanese carrier ONE this morning told customers THE Alliance would cancel three sailings on the FE2 […]
Read MoreSource: Journal of Commerce Vessel capacity and service have been prioritized above price. Retailers and Importers have signed long-term contracts at significantly higher levels in Trans-Pacific Eastbound trades than in previous years, Xeneta reported. Rates have continued to climb the past two months even as contract negotiations continue. “Trans-Pacific contracts are catching up […]
Read MoreBy Alex Lennane THELOADSTAR The southern China air freight market has changed “dramatically” as Covid rages in Hong Kong, severely impacting the local trucking market to and from the mainland. Forwarders estimate there is a 70% cut in truck capacity, further diminishing Hong Kong’s air export market. “Cross-border trucking has been impacted a […]
Read MoreJackson Wood Global Trade Intelligence Descartes Western nations, including the United States, the United Kingdom and European Union along with Japan, Australia, Switzerland, New Zealand and Canada have imposed what they describe as “strong” and “severe” sanctions on Russia, following Moscow’s invasion of Ukraine. The new restrictions – which focus on additional individuals being […]
Read MoreCraig Fuller, CEO at FreightWaves We are witnessing the remaking of the world order in front of our eyes — and this will impact global supply chains in unforeseen ways. We are about to experience the most dramatic and unpredictable supply chain map we’ve experienced since World War II. If the Russia-Ukraine conflict’s international […]
Read MoreIn response to recent events in Ukraine, and in light of sanctions imposed against Russia and Belarus, Munich Re Syndicate Underwriters have taken the position that coverage for any shipment by U.S. and Canadian based client(s) to and/or from these countries is strictly prohibited. Further, coverage for the importation of any goods originating in Russia, […]
Read MoreZach Strickland, FW Market Expert & Market Analyst Russian import bookings declined 40% over the past week and will obviously fall further after growing ~64% in 2021 from the previous year, resulting in a 75% increase in goods by value, according to the Census Bureau. This put the imported goods value at its highest level […]
Read MoreBy Kevin L Kliesen The U.S. economy is in the throes of a virulent bout of inflation. In January 2022, the consumer price index (CPI) was up 7.5% from a year earlier, the largest increase in nearly 40 years. This inflation surge was unexpected by most forecasters, financial market participants and monetary policymakers. Now, however, […]
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