Container equipment shortage exacerbated by COVID-19 pandemic stresses upper-Midwest soybean exporter trying to fill his springtime customer orders to Asia.
The global logistics giant said its Q1 profits among its five business divisions suffered from the coronavirus upheaval.
WTO expects global trade to sink by at least 13% this year; oil demand are down 50% year-on-year; economists expect 25% decline in U.S. GDP in Q2.
Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic.
Members of the Washington, D.C.-based National Customs Brokers and Forwarders Association of America interviewed by American Shipper this week generally praised CBP for permitting the flow of legitimate trade across the continent.
The U.S. Federal Maritime Commission said there has been no shortage of container-shipping industry members willing to participate in its initiative to identify ways to overcome supply chain obstacles caused by the coronavirus pandemic.
Read the full article to learn more.
The Justice Department said joint logistics operations among five American medical supply distributors to provide protective medical gear to virus hot spots does not violate antitrust law.
Despite COVID-19 concerns, the Port of Alaska and ocean carriers calling Anchorage insist that ships loaded with containers will continue to arrive on schedule.
U.S. Customs and Border Protection said it will do its part to keep imports of medical gear flowing efficiently into the country.
FIATA questions the reasonableness of assessing demurrage and detention charges against shippers and forwarders during pandemic.
The Comfort and Mercy, now assisting America through the COVID-19 pandemic, started as crude oil tankers.
Commissioner Rebecca Dye will lead the U.S. Federal Maritime Commission effort with industry to identify “operational solutions to cargo delivery challenges” caused by the coronavirus pandemic.
In the times of COVID-19, logistics companies are stepping up to help the industry in ways they can.
Long-haul truckers practice social distancing by staying in their sleeper berths, uncertain where their next load will come from as manufacturers and retailers shut down.
