Importers lost their pricing power. How should they adapt?
Now that shipping lines hold the pricing cards, importers must reset strategies, says Sea-Intelligence’s Jochen Gutschmidt.
Now that shipping lines hold the pricing cards, importers must reset strategies, says Sea-Intelligence’s Jochen Gutschmidt.
You may not have heard of Cainiao, but you know parent company Alibaba is the Amazon of China. Cainiao is powering Alibaba’s logistics and recently arranged air transport from Singapore to duty-free shops in China.
Ag letter is the latest in a series of urgent pleas to stop the denial of trade and increased demurrage costs.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
“Both Hapag-Lloyd and USMX were well aware that the work in question would have been handled by ILA members” if the vessel had gone to another port, the International Longshoremen’s Association lawsuit asserts.
Some importers are rethinking how to move their products due to the Ever Given’s “very sorry situation.”
Port of Montreal longshoremen began an unlimited strike on Monday morning, but the Canadian government is set to step in with back-to-work legislation to avert more disruption to the supply chain.
AirBaltic will become a cargo terminal operator at the airport in Latvia’s capital.
Lufthansa Cargo is one of more technologically advanced air cargo carriers. New material-handling systems highlight the overhaul of its main warehouse.
Port of Montreal longshoremen say they will begin a full, indefinite strike starting Monday after their employers moved to change regular schedules.
Cargo congestion has gone from bad to worse at Chicago O’Hare International Airport, forcing importers to wait several days to retrieve shipments and prompting two large logistics companies to migrate airfreight operations an hour west to an uncrowded facility in Rockford, Illinois. There is so much cargo piling up at O’Hare that airline-handling agents for […]
Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.
Cargo has been the airline industry’s all-star performer since the pandemic began. Profits are soaring, but it’s not enough to overcome huge losses from the travel side.
Evergreen should decide whether to leave the containers on board the vessel or come up with a way to transfer them.
U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.
“The container shipping industry is currently seeing unprecedented demand, which has led to a shortage of containers all over the world,” says CEO Rolf Habben Jansen.
“We have invested in the right infrastructure at the right time to handle growing cargo volumes and bigger ships,” says South Carolina Ports’ Jim Newsome.
The container ship now is expected to anchor in San Pedro Bay on May 1.
United performed worse in the first quarter than some analysts expected, but the consumer mood has shifted as the economy reopens and United says it can get to breakeven this year on a pretax basis.