Software provider Everstream Analytics plans to use a new $24 million investment to expand the geographic reach of its suite of supply chain risk and network planning products.
China continues to hold the largest share of US imports despite years of retaliatory tariffs and the ongoing efforts of US importers to diversify their sourcing to countries such as Vietnam, India, and Brazil.
The container ship orderbook currently stands at 26.7 percent of the global fleet, with much of the new capacity to be delivered in 2023 and 2024, but carriers have no intention of allowing the additional supply to undermine rates and profitability.
COVID-19 lockdowns in Shanghai may not result in a sudden flood of volumes to the US, but the GPA says additional storage capacity at Savannah’s Garden City Terminal and pop-up storage sites will allow it to handle any unexpected spikes.
Increases in industrial production and retail sales in April suggest continuing strength in overall freight demand, despite tumbling truckload spot rates.
Executives say Zim will use its record quarterly profits to pay shareholder dividends, purchase new ships, and possibly to acquire a regional intra-Asia line, if the right opportunity arises.
New data suggests fears of renewed and widespread port congestion in the US this summer are valid, particularly if growing imports collide with the start of peak shipping season and the return of normal cargo flow from post-lockdown Shanghai.
Fresh Del Monte is offering slots and logistics services to other companies as the fresh produce shipper sees an opportunity to use six new vessels to drive logistics services.
Hapag-Lloyd's sensor initiative is aimed at maximizing the use of its container fleet in an environment where global port congestion has reduced the number of turns each box makes on an annual basis.
Top carriers operating out of India have revived no-show container fees, which range between $100 and $400 per box but can go as high as $1,000 for low-volume spot customers.
US truck driver detention continues to disrupt landside supply chains, but 3PLs and technology firms are redoubling efforts to help shippers optimize the flow of trucks through their gates.