The Department of Transportation seeks “practical solutions” from the freight industry to alleviate container shortages and supply chain chokepoints.
August data from Cass shows freight expenditures extend their torrid pace. Freight demand remains high but a lack of capacity is constraining shipment growth.
The maritime meeting among trade partners comes as container shipping remains hot.
Supply chain backups and pandemic-weary consumers mean that gifts are in short supply and high demand.
The pandemic has spun off disruptions similar to falling dominoes, creating issues that strain freight movement globally.
The White House is trying to unleash the domestic economy by removing supply chain shackles.
With limited manpower because of COVID, the main cargo terminal at Shanghai airport can’t process many freighter flights.
It costs $1.2 million to charter a cargo jet from Vietnam as air exports slow because of the government’s response to a wave of COVID infections.
Despite the significant drop in price, lumber remains an expensive commodity. Whether the price will continue to fall is uncertain.
Ocean carriers adjust to the partial port closing in Ningbo, China, with minimal disruption so far. Operations could soon return to full speed if COVID remains at bay.
Order books are open, but demand planning for 2022 and 2023 began months ago and bookings are filling fast.
August is likely to see a new monthly record for retail container imports, with 2021 doing the same. However, ongoing supply chain dislocation clouds how quickly consumers will be able to get their hands on the goods.
We have a new winner in the ocean shipping game of “How High Can Rates Go?” — about 15 times higher than before the COVID crisis.
Vietnam is the newest epicenter for supply chain chaos. Manufacturing and port activity have been cut by new COVID precautions.
Fleets still want and need trucks but move to sidelines until manufacturers open their order books.
The biggest container shipping line in the world says container traffic at the massive Port of Yantian in China is moving much better after COVID restrictions were recently lifted. But exporters have a long way to go before ocean shipments go smoothly again.
Manufacturing grew at a moderate pace in June, continuing a 13-month hot streak.
Customer backlash against FedEx Freight’s decision to terminate trucking service has forced the carrier to reconsider.
Belarus occupies a key spot on the Trans-Eurasian rail line and is on the flight path used by airlines between Europe and Asia. Freight transport could be a victim if the West imposes sanctions on Belarus for violating what considers international norms.
A new supply chain task force emerges from the Biden administration’s 100-day review.
