Of the world’s top-five most connected economies, four were in Asia in the third quarter of 2021, according to the United Nations Conference on Trade and Development (UNCTAD). China had the highest liner shipping connectivity followed by Singapore, Republic of Korea, Malaysia, and United States A majority of the largest ports in the […]
Read MoreAfter a few positive COVID-19 cases were detected at the end of May and the western area of the YICT were suspended, the situation continued to deteriorate with new positive cases confirmed in Shenzhen (ports of Yantian and Shekou) and Guangzhou (port of Nansha). While local authorities have implemented elevated safety measures (quarantine and disinfection) […]
Read MoreThe Port of Long Beach has completed construction of a new rail project that will increase efficiency of goods movement and reduce congestion on local roadways by shifting more cargo to trains. The Double Track Access from Pier G to Pier J Project adds a second rail line running approximately 8,000 feet long that enables […]
Read MoreThe California Inland Port project proposes to develop four inland logistics hubs in California’s San Joaquin Valley stretching from Bakersfield in the south to Sacramento in the north helping to reduce congestion at California ports, according to Lois Yates, a partner at Global Logistics Development (GLD) Partners. Adam Wasserman, managing partner at GLD Partners explained […]
Read MoreThe U.S. should brace for another surge in the supply-chain crisis as manufacturers in Asia reopen their factories from Covid-19 lockdowns, causing new delays at American ports, the chief representative for West Coast port operators said. There’s been a lull in trade flows as China has used strict lockdowns in cities and major trade hubs, […]
Read MoreChina has mandated a strict “zero COVID” policy since the onset of the global pandemic, which has led to tight lockdowns across the country whenever cases have started to spike. Recently, lockdown restrictions have been enacted in major cities like Shenzhen and Shanghai, as China deals with one of its worst outbreaks since Wuhan in December […]
Read MoreTruckload rates for U.S. spot market loads has cooled in the last three months. The market correction in trucking is currently limited to dry-van and temperature-controlled truckload, while demand and rates remain elevated for flatbed, less-than-truckload (LTL), and last-mile and parcel freight. Donald Broughton, transportation analyst and principal of Broughton Capital, said there is not […]
Read MoreData from Accenture’s Seabury indicated capacity out of Shanghai had fallen 40% from March although data from Clive Data Services showed load factors have reached the lowest levels ever recorded. Niall van de Wouw, head of airfreight at Clive Data Services said Shanghai Westbound load factors were 49% last week. “The average between January and […]
Read MoreNo material impact on blank sailings has yet been observed from the lockdown in Shanghai said Sea-Intelligence. The lockdown in Shanghai differs from the Yantian closure in 2021 as Shanghai port remains open and operational, Sea-Intelligence said, with the “problematic part” being the closed manufacturing sites and warehouses, as well as a reduction in available […]
Read MoreSpeakers at the Nordic Air Cargo Symposium have said disruption in the industry is set to continue. The supply-demand balance in the air cargo market is expected to return to pre-COVID levels in 2025 although the prediction is complicated by several conditions. Cargo capacity is projected to reach 2019 levels around 2023 but demand will […]
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