After two years of keeping supply chains moving in a heavily disrupted logistics sector, and now facing rapidly rising inflation, transport worker unions in Europe are turning up the heat on employers.
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Rate levels on the major trade lanes out of Asia should be rising as peak season begins and key destination ports remain congested, but the spot market has continued to decline.
Ocean carriers could find themselves under pressure from shippers to revisit long-term contracts as spot market rates tumble on the trans-Pacific and Asia-Europe trade lanes.
The short-term cost of cutting maritime emissions in the Pacific Ocean will be relatively small compared with the market variability of rate levels, according to UNCTAD.
The air freight industry is seeing a welcome increase in the urgently needed long-haul belly cargo capacity available to the market as international travel starts picking up.
The congested North Europe hub of Antwerp is having its container terminal operations and inland logistics connections further tested by industrial action.
Global volume data shows a slowing of the container shipping market, and a new forecast does not expect any strengthening of demand this year.
CMA CGM Air Cargo will use its parent company’s extensive ocean forwarder network to drive new business as the airline readies for a rapid global expansion under its Air France-KLM partnership.
Importers in the US are finding higher volumes on the westbound trans-Atlantic are coming with soaring rate levels and record-low schedule reliability, with little relief in sight.
A breakdown in wage negotiations between German port employers and labor comes at a particularly inconvenient time, with supply chains heavily disrupted and peak season about to begin.
Member states expressed concern over the equitable use of the R&D funds as well as fair and equal access to any patents and technologies that would be created.
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Bob Andrews, Senior Vice President, CenterPoint Properties