An unexpected 40 percent increase in import volumes since May overwhelmed the Southern California supply chain and infrastructure, creating logistical headaches for truckers and equipment providers.
Container line, rail and forwarder executives tell JOC.com they aren’t holding their breath for an immediate response from the Trudeau government for calls to end the ongoing strike at the Port of Montreal.
Shippers and forwarders fear cargo-related charges in Hong Kong could surge given that terminal members of the Seaport Alliance handle about 90 percent of box cargo at Kwai Chung container port.
The worker scarcity, created by elevated unemployment benefits reducing the incentive to work, coupled with workers’ fears of contracting COVID-19, is most sharply felt by facilities that deconsolidate the ocean containers.
Taiwanese carrier Yang Ming was unable to turn around its string of financial losses in the first half, but the shipping company continues to inch its way closer to a positive result.
Technology has the potential to solve long-running financing tensions between suppliers and importers, and logistics networks and service providers are likely to be the focal point for these solutions.
Maersk’s recent entry into the TMS space highlights the range of players targeting different segments of a fragmented shipper market that’s gravitating toward web-based tools.
Jack Mahoney, currently head of Maersk North America’s automotive industry division, will end a 21-year tenure with the Danish giant to lead the niche trans-Pacific carrier.