The demand for the Asia-North Europe trade is weak and uneven, so carriers are adjusting their sailings and port calls to cope with the situation. A carrier source said they were trying to be flexible and responsive to the market needs. MSC announced today that it would cancel the next sailing of its MSC Bianca […]
Read MoreFreight forwarders in the United States have been warned to prepare for potential strike action at UPS and the looming insolvency of major trucking firm Yellow Freight. The situation has raised concerns over the impact it may have on supply chains and the flow of goods across the country. Brandon Fried, the executive director of […]
Read MoreThe National Retail Federation (NRF) has released insights projecting unprecedented consumer spending on back-to-school and college items for the upcoming summer. According to the NRF’s annual survey conducted by Prosper Insights & Analytics, back-to-school spending is estimated to reach $41.5 billion this year, surpassing last year’s $36.9 billion and the previous record of $37.1 billion […]
Read MoreIn the first four months of this year, Mexico has once again solidified its position as America’s top trading partner, facilitating a staggering $263 billion worth of goods exchanged between the two nations. This robust trade with Mexico accounted for 15.4% of goods exported and imported by the US, surpassing trade totals with Canada and […]
Read MoreTrade activity at the Port of Long Beach (POLB) experienced a cooling trend in June as retailers worked to clear their warehouses. Last month, dockworkers and terminal operators handled a total of 597,076 twenty-foot equivalent units (TEUs), marking a significant 28.5% decline compared to the same period in the record-setting June of 2022. Notably, imports […]
Read MoreThe British Columbia Maritime Employers Association (BCMEA) is delighted to announce that after productive negotiations, a tentative agreement for a new 4-year deal has been reached, acknowledging the valuable skills and contributions of B.C.’s waterfront workforce. While the agreement is still pending ratification by both Parties, specific details will not be disclosed at this time. […]
Read MoreThe National Retail Federation’s chief economist, Jack Kleinhenz, said that the U.S. economy is still moving in the right direction despite slowing down. The first half of the year was better than expected and recent data shows underlying strength that seems to be rolling forward. Kleinhenz’s remarks came in the July issue of NRF’s […]
Read MoreA potential strike that could have had adverse effects on the demand for industrial warehouses in North America’s thriving commercial property sector seems to have been avoided with a tentative agreement between union dockworkers and West Coast port operators. Late Wednesday, the Pacific Maritime Association and the International Longshore and Warehouse Union announced that they […]
Read MoreAs the bustling summer season kicks off, labor disputes have disrupted the flow of shipping in the United States. Members of the International Longshore and Warehouse Union have staged protests, resulting in congestion and delays at U.S. West Coast ports, as reported by CNBC. The average wait times for container vessels attempting to enter Los […]
Read MoreDespite the looming possibility of a US economic recession, different industry verticals may be impacted in various ways, and freight markets might not experience a severe downturn, according to a prominent transport analyst. Lee Klaskow, Senior Freight and Transportation Logistics Analyst at Bloomberg Intelligence, believes that while a US recession is probable, the destocking efforts […]
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