News

20.03.2020

Charleston volume to drop double digits in March, April

Normal operations remain in Charleston, despite a shelter-at-home order by the local Mayor, and all aspects of the supply chain are considered essential services during the […]
20.03.2020

Advance bookings suggest Asia-US container spot rate dip temporary

Landside port and distribution operations in Southern California are exempted from stay-at-home order in California. Photo caption: Shutterstock.com A dip in eastbound trans-Pacific container spot rates […]
20.03.2020

Rates rising in ‘topsy-turvy’ US trucking market

Spot truckload rates are surging on demand for basic supplies during the pandemic. The US economy, meanwhile, is slowing. Photo credit: Shutterstock.com. Strong demand for essential […]
20.03.2020

Montreal expects 13 percent cargo decline in 2020 on COVID-19

Cargo volumes through the Port of Montreal are expected to drop this year due to the impact of the coronavirus on key markets such as China […]
20.03.2020

Coronavirus concerns weigh on carriers’ earnings outlook

Uncertainty over demand recovery as the US and Europe head into recession is causing carriers to revise their expectations for the year. Photo credit: Shutterstock.com. The […]
20.03.2020

DHL Global Forwarding declares force majeure due to COVID-19 impact

Force majeure applies to situations where one party cannot uphold its end of a contract due to extreme circumstances outside of its control. Photo credit: Shutterstock.com. […]
20.03.2020

US, Europe already in ‘COVID-19 recession’: economist

The closure of retail chains, offices, and workplaces is freezing economic activity, tipping the US into recession, IHS Markit The US and global economies are already […]
20.03.2020

Houston container terminals to reopen after COVID-19 closures

Barbours Cut Container Terminal is one of two container terminals at the Port of Houston closed after an employee tested positive for coronavirus disease 2019 (COVID-19). […]
19.03.2020

Fuel costs ‘not an issue’ for container shipping industry: Yergin

Very-low sulfur fuel oil in Singapore was assessed Wednesday at $270 per metric ton, down 63 percent from $740/mt in early January. Photo credit: Shutterstock.com. While […]
19.03.2020

US fashion footwear freight slows to a halt

Nordstrom and other department stores that have closed through March 31 have caused confusion for suppliers uncertain about whether recently placed orders are cancelled and whether […]