Freight Forwarding Network: The 17th China (Shenzhen) International Logistics and Supply Chain Expo Successfully Concluded
Fair, freight forwarding network
The 17th China (Shenzhen) International Logistics and Supply Chain Expo (hereinafter referred to as the "Expo") successfully concluded...
Freight Forwarder Network: Affected by Excess Capacity, the blank route between Asia and Northern Europe will soar sharply in October
October, Asia-Northern Europe, Blank Route, Freight Forwarder Network
Oversupplied ocean carriers on the Asia-Nordic trade route plan to significantly increase the number of blank voyages in October, and capacity cuts are expected to increase significantly in the fourth quarter.
Freight forwarding network: rising fuel costs drive up U.S. zero-load, truck costs.
United States, truck, fuel, freight forwarding network.
In the forecast of seasonal freight demand and rising fuel prices and surcharges, shippers need to pay higher fuel surcharges...
Freight Forwarder Network: Trans-Pacific Imports at America's Largest Port Drop More Than 20%
United States, trans-Pacific, import, freight forwarding network
The largest ports on the East and West coasts of the United States saw imports from Asia fall more than 20 percent year-on-year in the first eight months of 2023, while imports from the Gulf Coast fell only 3.7 percent over the same period.
Freight forwarding network: Indo-US trade shipping companies cut flights to maintain freight rates
Indo-US trade, flights, freight, freight forwarding network.
As it is difficult to balance the relationship between excess capacity and the current sluggish demand, shipping companies on the Indo-US route inevitably maintain their freight rates by adding blank voyages or invalid calls after some recent signs of re Global Forwarder Conference 2023 Macau
2023-09-15 Global Forwarder Conference 2023 Macau
Freight forwarding network: targeted replenishment to reduce U.S. inventory backlog
United States, inventory, replenishment, freight forwarding network.
Overinflated inventories are being reduced by U.S. retailers, which, instead of rushing to replenish inventory, are focusing on having the right amount of inventory.
Freight Forwarder Network: U.S. LTL Freight Volume Increase After Yellow Closes
United States, LTL, Yellow, Freight Forwarder Network
S. trucking and shipping networks were affected by the collapse of LTL supplier Yellow, and competitor freight and trucking employment declined.
CMA CGM Complements Acquisition of Two New York and New Jersey Marine Terminals
CMA, New York, New Jersey, Dock, Forwarder Network
CMA CGM (CMA CGM) this week completed the acquisition of two container terminals in the Port of New York and the Port of New Jersey...
Freight forwarding network: affected by Hurricane Idalia landing, the dock closed to stop ships moving.
Hurricane, container terminal, freight forwarding network
After making landfall on the upper west coast of Florida, Hurricane Idalia swept through the southeastern United States, causing the closure of the ports of Jacksonville, Savannah and Brunswick, and the suspension of ship operations at the Port of Charle
Freight Forwarding Network: Early Domestic Intermodal Traffic Surges for Mexican Rail Service
Mexico, railway, multimodal transport, freight forwarding network
Domestic intermodal traffic from Mexico has been on the rise in recent months. As of the end of July, Mexico's multimodal transport volume increased by 34% year-on-year...
Freight forwarding network: capacity exceeds demand in the fourth quarter or leads to a rise in Asia-Europe suspension
Fourth quarter, capacity, suspended traffic, freight forwarding network
As capacity exceeds demand, the new giant ships will put more pressure on heavily oversupplied trade routes, with a significant increase in the number of stops on the Asian to Nordic and Mediterranean trade routes by the fourth quarter.
Freight forwarding network: new LNG embedded carbon products will be launched for the container shipping market
Shipping, clean fuel, container, freight forwarding network
Amsterdam-based clean fuel supplier Titan and independent blockchain-based carbon embedding platform 123Carbon have delivered the first liquefied natural gas (LNG) carbon embeddings to the container shipping market.
Freight Forwarders Network: Rising freight rates put pressure on shippers who postponed Asia-Europe contracts.
Shipping, freight rates, rising, freight forwarding network.
On August 1, Asia-Nordic Airlines raised its spot freight rates, pushing average short-term freight rates above contract prices for the first time in a year.
Freight forwarding network: US-Asia imports reached the highest level this year in July
July, US-Asia, Imports, Forwarder Network
In July, U.S. imports from Asia rose for the fifth consecutive month to 1.46 million TEU, the highest level since September...
Freight Forwarder Network: Western Canada's Cargo Flow Resuming to Normal After Labor Deal
Canada, cargo flow, freight forwarding network.
The Port of Vancouver and Port of Prince Rupert in western Canada are clearing a backlog of containers accumulated during a two-week dockworkers' strike last month, and rail and trucking operations in the region are beginning to return to normal.
Freight forwarding network: Panama Canal delays increase shippers' risk
Panama Canal, risk, freight forwarding network.
The Panama Canal Authority, Panama Canal Authority, reduced the total number of vessels that can book a crossing from 19 to 14, a reduction expected to last until August 21.
Freight Forwarding Network: Asia-US Container Freight Affected by Suspension of Navigation, Spot Prices Continue to Rise
Asia-United States, container, price, freight forwarding network.
Seasonal demand for commodities, draft restrictions on the Panama Canal, cargo handling disruptions during recent labor contract negotiations in Vancouver and Prince Rupert, and, most importantly, empty ships, have all pushed up the spot exchange rate.
Freight Forwarder Network Global Freight Forwarder 2023 Macau Thousand Summit
Freight Forwarding Network, Macao, Thousand-Person Summit
Freight Forwarder Network Global Freight Forwarder 2023 Macau Thousand Summit
LTL operator Yellow reports first-half loss of $70 million after shutdown
Yellow, closure, freight forwarding network
Yellow, the now-defunct freight company, on Wednesday reported a $69.3 million loss in the first half of 2023, including a $14.7 million loss in the second quarter, the last full quarter of the company's operations.