Freight Talk


FREIGHT MARKET UPDATE | WEEK 26 | 2024

GLOBAL SUPPLY CHAIN NEWS: WEEK 26 Including capacity constraints, labor unrest, and the Port of Baltimore reopening following the Francis Scott Key Bridge collapse in March. TIGHT CAPACITY AND PORT CONGESTION The Red Sea crisis and container shortages continue to impact capacity. Vessel diversions around the Cape of Good [...]

2024-06-26T16:29:46+00:00June 26th, 2024|Freight Market, Freight Talk, Shipping News|

INDO-PACIFIC ECONOMIC FRAMEWORK (IPEF) COMMENTS FROM INDUSTRY SUMMARY

The U.S. Commerce Department recently solicited insights on strengthening supply chain resilience through the Indo-Pacific Economic Framework (IPEF). Diverse stakeholders, including trade associations and companies, have offered varying perspectives, such as restoring and trade liberalization, on achieving this critical objective. Federal Register: Request for Comments on Commerce Supply Chain Risk [...]

2024-06-25T17:58:37+00:00June 25th, 2024|Customs, Freight Talk, Industry Spotlight|

GREEN WORLDWIDE SHIPPING® EARNS 2024-2025 GREAT PLACE TO WORK CERTIFICATION™

We are pleased to announce that Green Worldwide Shipping® has earned the Great Place To Work Certification for second year in a row. 78% of employees rated Green Worldwide Shipping® as a great place to work, 21% higher than the average U.S. company. “Obtaining the Great Place To Work Certification [...]

2024-06-19T21:55:36+00:00June 19th, 2024|Freight Talk, Green News, News|

FREIGHT MARKET UPDATE | WEEK 25 | 2024

In Week 25, we continue to see capacity constraints, labor unrest, and equipment shortages strain the global supply chain. Building supply chain resistance into your logistics program will help mitigate or minimize shipping delays and inventory shortages. GLOBAL SUPPLY CHAIN NEWS: WEEK 25 LABOR UNREST: CANADA WEST COAST, U.S. [...]

2024-06-18T22:39:59+00:00June 18th, 2024|Freight Market, Freight Talk, Shipping News|

AIR CARGO SURGE: MARKET TRENDS AND PREDICTIONS

Demand for air cargo surged in Asia, the Middle East, and India. The volume spike began in May 2024 driven by the ongoing disruptions in global container shipping. As shippers find it increasingly difficult to secure space on container vessels, they turn to air cargo freight solutions. VOLUMES TRENDING UP [...]

2024-06-14T18:50:08+00:00June 14th, 2024|Freight Talk, News, Shipping News, Uncategorized|

PORT OF NEVADA OFFICIALLY OPENS: THIRD NEW POP-UP INTERMODAL FACILITY IN THE WESTERN US IN 2024

The Port of Nevada officially opened this month. Its first container was received on June 3rd. Located in Fernley, 30 minutes east of Reno, the 224-acre inland port handles imports and exports between northern Nevada and the Port of Oakland. The President of the Port of Nevada, Stuart Lichter, emphasized [...]

2024-06-13T21:22:49+00:00June 13th, 2024|Freight Talk, News, Shipping News, Uncategorized|

FREIGHT MARKET UPDATE | WEEK 24 | 2024

Capacity constraints, labor unrest, and potential labor unrest pose challenges to the global supply chain as we move through Week 24. LABOR UNREST: CANADA WEST COAST, U.S. EAST & GULF COASTS In the U.S., the International Longshormen’s Association (ILA) suspended labor talks with the United States Maritime Alliance (USMX). [...]

2024-06-12T22:53:35+00:00June 12th, 2024|Freight Market, Freight Talk, Shipping News|

ILA CONTRACT NEGOTIATIONS BREAK DOWN AS SEPTEMBER DEADLINE LOOMS

The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) are currently entrenched in contract negotiations revolving around the coast-wide Master Contract. The ILA is the largest union of maritime workers in North America, representing 85,000 longshore workers along the East Coast, Gulf Coast, Puerto Rico, Great Lakes, and [...]

MEXICO CEMENTS PLACE AS TOP U.S. TRADE PARTNER

Manzanillo and Lazaro Cardenas, two Mexican ports, saw significant increases in cargo last year, which suggests that Asia's inputs are driving up export production for the U.S. and other markets. Both ports also moved up in the rankings of the busiest North American gateways based on laden volumes. MEXICAN PORTS RISE [...]

2024-06-07T19:23:26+00:00June 7th, 2024|Import, Industry Spotlight, Shipping News|

FREIGHT MARKET UPDATE | WEEK 23 | 2024

Week 23 ushers in an early start to seasonal demand, vessel congestion woes in some U.S. ports, and increased blank sailings/port omissions. VESSEL CONGESTION GROWS: PORTS OF CHARLESTON & SAVANNAH South Carolina ports - notably Charleston- halted operations from May 19 - 21, 2024 due to software issues. Lingering [...]

2024-06-05T22:16:39+00:00June 5th, 2024|Freight Market, Freight Talk, Shipping News|
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