Sourcing shift from China pulls US import share to more than a decade low
Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam, India, and South Korea, writes Journal of Commerce Executive Editor Mark Szakonyi.
- Sourcing shift from China pulls US import share to more than a decade low
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- UPS to sharpen focus on ‘smart’ technology in ‘bumpy’ 2023
- Norfolk Southern adds to Southeast intermodal capacity with new cranes
- Asia-Europe spot rates soften to pre-pandemic levels
Big Flexport layoffs offer potential clue to its future identity
Scrutiny over Flexport’s job cuts earlier this month points to a long-term issue for the venture-backed logistics company: a perceived lack of identity in a market that has long been skeptical of its differentiation.
Ocean shippers may ‘pay up’ for secure capacity despite weak market
Even as weak economic conditions prevail during the annual service contract negotiating cycle, it does not automatically mean shippers will be driving the hardest possible bargains with newly vulnerable carriers.
Vietnam sees surge in deep-sea vessel capacity amid trade sourcing shift
With an increased focus by importers on geopolitics and “friend-shoring,” carriers are shifting an increasing volume of deep-sea vessel capacity away to Vietnam — and away from China.
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