The World Trade Organization (WTO) has said the logistics sector could be operating in less favorable market conditions in 2022. In its latest analysis on the outlook for world trade over the next two years, the WTO forecasts a decline in merchandise trade volume from 4.7% to 3.0% in 2022, and 3.4% in 2023 […]
Read MoreShanghai container port has been operating but the lack of trucking capacity has resulted in chaos in supply chains. According to a global forwarder, trucking and entry problems are creating pressure at some yards in Shanghai port. Additionally, some carriers which include Maersk and ONE, have “started to cancel calls at Shanghai to instead provide […]
Read MoreOn top of two years of near perpetual port disruption due to COVID-19 and its impact on the supply chain, now, unfortunately for shippers, comes the possibility for even more. US West Coast longshore labor negotiations begin on March 12; going back to the 1990s there has not been a single contract negotiation between the […]
Read MoreCovid lockdowns in China Lori Ann LaRocco, CNBC Senior Editor, joins Worldwide Exchange to discuss the global supply chain crunch, and how Covid lockdowns in China are creating shipping clogs at the ports.
Read MoreThe American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was unchanged in February after increasing 0.4% in January. Compared with February 2021, the SA index rose 2.4%. Demand for trucking freight services remains strong. The fact that the tonnage index hasn’t fully recovered is a supply problem, not a lack of demand. […]
Read MoreAs supply chains become more global and intricate, the risk of loss or damage to goods in transit increases. On a long enough timeline, challenges such as extreme rigors of transit, long voyages, extensive handling and re-handling, inclement weather, targeted theft, and impostor schemes guarantee losses. In the absence of shipper’s interest cargo insurance to […]
Read MoreThe outlook on U.S. logistics is grim to say the least. Despite efforts to help ease congestion and increase workflow, the volume that ports, rails, and warehouses are dealing with is unprecedented. The infamous congestion seen at Los Angeles and Long Beach has yet to be dampened, and now the list of nearly impossible ports […]
Read MoreThe International Air Transport Association (IATA) said global air cargo growth increased in February although capacity remains constrained. Global demand measured in cargo tonne-kilometers (CTKs), was up 2.9% compared to February 2021. Demand was up 2.5% for international operations. Accounting for the volatility of the Lunar New Year by averaging January’s and February’s performance, IATA […]
Read MoreAccording to Sea-Intelligence, missing vessel capacity escalated in January 2022, with 13.7% of the fleet unavailable. The capacity absorption data shows that February recorded a slight improvement at 11.6% (see Figure 1). Schedule reliability for February will likely be worse than what is being reported now. Sea-Intelligence explains that due to certain cases having protracted […]
Read MoreA report The impact on trade and development of the war in Ukraine by the United Nations Conference on Trade and Development (UNCTAD) warns 1.5 million containers of Asia-Europe rail cargo could be re-routed to the ocean freight market and drive freight rates even higher. The war between Ukraine and Russia has disrupted land and […]
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