Trans-Atlantic Demand Grows Along with Space and Equipment Limitations
Until recently, major volume shifts and spikes in rates were issues primarily affecting east-west trade. Trans-Atlantic demand is now growing fast; however, container imbalances and poor service reliability have caused backlogs in the supply chain globally. Container Imbalance When trade between China and the U.S. picked up in the second [...]
Shippers Concerned with Carrier Reliability in 2021
As shippers adjust and finalize their business strategies for 2021, they are finding the international transportation industry facing grave uncertainties as many new and challenging market conditions shape a very different landscape from any that supply chain professionals have experienced in the past. Setting long-term plans is typical at this [...]
Port of Montreal Shippers Brace for Labor Dispute Disruptions
Continuing labor negotiations between the Port of Montreal Employers Association and the port’s longshoremen ended this past Sunday, February 28th, without reaching an agreement. Concerns around a possible renewed labor strike taking place at the Port of Montreal are beginning to rise as the truce set between the two parties [...]
Are More Shipping Containers Being Lost at Sea?
While the number of containers lost at sea had been trending down over the past few years, recently, more cargo has gone overboard during the past three months than the annual average, 779 containers a year, between 2017 and 2019. Just last week, the Maersk Eindhoven lost 260 containers overboard. [...]
Importers of Chinese Goods Prepare for a Very Different Lunar New Year Holiday
Lunar New Year, 2021 looks different than previous years, to those in the shipping and logistics industry. Demand for Chinese exports has increased since late 2020, causing backorders in factories and congestion at the ports. That fact paired with the recurring spikes in positive coronavirus cases throughout Asia has brought [...]