Initially, analysts predicted that blanked sailings would subside after Lunar New Year, but new predictions push the slump past the Spring Festival and well into the end of the first quarter before improving. Vessel sharing alliances have blanked more than 27% of their sailings connected to Asia, prompting shippers who are concerned about inventory to
Anxious to hold onto the profits and control they had during the pandemic, carriers are struggling to amend capacity and availability to keep rates up as demand flops worldwide. Coupled with new lockdowns coming from China’s zero-COVID policy in Ningbo, Shanghai, and Tianjin, there could be more cuts coming in addition to the issues that
After the booming ocean cargo season that turned a sprinkle of profit into a firehose, any slowdown will feel like the world is ending for ocean carriers. So to maintain their success, some of the biggest ocean carriers are announcing an air cargo arm to bolster their service offerings and offset the reduction in ocean
From congestion to disruption to full-blown crisis, the logistics industry has been under such intense pressure it’s amazing we aren’t living under a rainstorm of diamonds! With reports coming in that we’re seeing days of 100 ships waiting in the San Pedro Bay, forwarders are desperate for options to expedite and recover the cargo. Technically,
As much as we hear about the delays on the US West Coast regarding ocean freight, the focus on retail goods does a disservice to the issues coming up for other cargo including granite shipments from India. Following the pandemic explosion of e-commerce, home improvement spending experienced a 3% increase as people stuck at home
The relationship between longshoremen and management is one that has always been fraught with challenges, whether on the West Coast with the ILWU or the East Coast with the ILA. The past two contract negotiations between the ILWU and PMA have resulted in lockouts, slowdowns and actions that cost the US economy billions of dollars
The Owner-Operator Independent Drivers Association was rebuffed by the Supreme Court on June 12th when the High Court declined to hear a challenge to the the constitutionality of the electronic logging devices. The Federal Motor Carrier Safety Administration’s rule requiring electronic logging instead of paper logs goes into effect on December 17, 2017. The drivers
