By Alex Lennane 17/11/2022 Less congestion on the high seas has put additional pressure on some retailers, already struggling with too much stock. Wary of missing deadlines for their Q4 sales, they increased lead times, but now some are having to pay extra to hold back new stock as their warehouses are already full. One forwarder explained: […]
Category Archives: News & Events
Air cargo market continues to deflate under global economic pressures
Xeneta reports 8% decline in October volumes as shipping gets cheaper Eric Kulisch·Friday, November 04, 2022 (UPDATED Nov. 7, 2022 to reflect new IATA cargo reporting.) The air cargo market continued to unwind 18 months of record gains in October as the global economy slows and consumers tighten their purse strings while spending more on […]
Euro ports brace for more throughput declines as carriers blank more sailings
By Mike Wackett 24/10/2022 The top North European container hub ports are seeing a considerable reduction in alliance calls from Asia, and so are bracing for a significant drop in throughput in the final quarter. Ocean carriers are being forced to drastically adjust weekly capacity from Asia to Europe and the US against a background of exceptionally […]
Container-ship logjams off US ports finally easing as imports fall
Queue of waiting ships down to June levels, 35% off late July highs Greg MillerFollow on TwitterFriday, October 14, 2022 3 minutes read The good news is that there were fewer than 100 container ships stuck waiting off North American ports on Friday. The bad news is that there were still 99 container ships offshore and […]
If supply chain crunch is finally easing, why is inflation so high?
Fed supply chain pressure index headed in opposite direction of inflation Greg MillerFollow on TwitterSunday, October 2, 2022 4 minutes read Remember back in 2021 when inflation was “transitory” and surging consumer prices were blamed on the supply chain crisis? The Fed and macro investors became intensely interested in chaos at the ports. The focus on […]
Ports, carriers prep for disasters — everything from hurricanes to fires
Emergency teams become front-line workers during hurricane season Noi MahoneyTuesday, September 27, 2022 6 minutes read When Hurricane Harvey wreaked havoc across the Houston area in 2017, Colin Rizzo had never seen anything like it before. Rizzo is Port Houston’s director of emergency management and responsible for planning and directing the facility’s emergency and disaster preparedness. […]
We haven’t completely dodged a ‘disastrous’ rail strike, rail workers say
I’m kind of backed into a wall where I have to go with it, even though I don’t really agree with it’ Rachel PremackThursday, September 15, 2022 4 minutes read Everyday Americans rejoiced Thursday morning when they learned a “disastrous” rail strike would be averted. President Joe Biden announced that rail companies and rail workers’ unions had come to […]
Potential second Felixstowe strike may overlap with Liverpool walkout
The Loadstar understands that dockers at the port of Felixstowe are set to be balloted over a second strike, which may be timed to overlap with a walkout at Liverpool. Port users fear the new action could involve a 15-day walkout, coinciding with a two-week strike at Liverpool starting 19 September. One forwarder suggested the aim had […]
New York/New Jersey delays implementation of fee for lingering containers
Lori Ann LaRoccoThursday, September 1, 2022 The Port of New York and New Jersey is not going live with the fee for lingering containers that was set to go into effect Thursday. Port officials told American Shipper the unforeseen impact came to light after numerous discussions with the ocean carriers in August. Port officials are […]
Carriers unveil blanking programmes to prop up rates as peak season sags
By Alex Whiteman 31/08/2022 Some 8.8% of capacity is due to be pulled from the Asia to Europe market by ocean carriers over the next 12 weeks. CMA CGM has announced it will blank five sailings in the period surrounding China’s Golden Week, removing close to 100,000 teu from the Asia to Europe trades. The carrier’s French […]
