In the recent Baltic Exchange air cargo market update, two crucial questions were raised regarding the state of rates and volumes in the industry. Addressing the issue of demand, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel, presented three potential scenarios. In his bullish thesis, Chan […]
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 MoreThe desire of Western countries to relocate parts of their manufacturing out of China is hindered by the lack of port capacity in India and Southeast Asian countries to handle large container ships. The current Asian setup, where most export goods are produced and shipped from China, makes it difficult and expensive to change. The […]
Read MoreCurrently space especially to the U.S. West Coast has opened up and you are able to book over allocation. Space to the U.S. East Coast and Gulf region is also opening up more and more. However, carriers will continue to blank sailings. The U.S. East Coast is starting to get hit with multiple blank […]
Read MorePeak season for container shipping typically occurs in the third quarter of each year. This is a time when goods are shipped from manufacturing centers in Asia and elsewhere to Western markets like North America and Europe. Herbert Lee, Shipco’s regional director for Hong Kong & South China, describes what happens when demand for shipping […]
Read MoreU.S. intermodal volumes dropped 6.6% year-over-year in the first quarter of 2022, reports the Intermodal Association of North America (IANA) in its Intermodal Quarterly report. International containers registered a decline of -15.5% and trailers of -12.8%, while domestic shipments recorded positive growth of 5.2% The first quarter decline was preceded by contractions in the […]
Read MoreIt is not news to anyone that global shipping continues to be a mess. As China is still being ravaged by COVID, and Ukraine and Russia are still in the darkest days of war; it begs the question: when will logistics return to normal? The U.S. is facing some of the largest inflation rates […]
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