News

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 […]
19.03.2020

Container shipping better positioned to ride out coronavirus risk

It’s been a rollicking few weeks in which all expectations for economic and container volume growth for 2020 have been scaled down. Photo credit: Shutterstock.com. The […]
19.03.2020

Coronavirus spurring new inventory replenishment strategies

An increasing reliance on fast delivery to end consumers might help shippers cope with the COVID-19 crisis, because it entails decentralizing inventory close to urban demand […]
19.03.2020

FedEx shifts gears, priorities as coronavirus impact spreads

FedEx is keeping a close eye on capacity — and demand — and prioritizing relief and aid freight such as coronavirus disease 2019 (COVID-19) testing kits […]
19.03.2020

Bottlenecks delaying road freight at EU’s internal borders

Traffic is backing up at internal border crossings in the EU with restrictions on the movement of people delaying road freight. Photo credit: Shutterstock.com. Freight trucks […]
19.03.2020

FedEx leans into e-commerce, optimizing last mile

FedEx Ground’s package volume was up 10.3 percent in the last three months. Photo credit: Shutterstock.com. Riding a wave of e-commerce shipments, FedEx is expanding the […]