A wave of containers is about to hit ports in the US and Europe while retail stores are closed and consumers are shut inside their homes to avoid contracting and spreading the coronavirus.
More from Greg Knowler
Carriers are making huge cuts in capacity with little warning, reflecting the speed with which demand is falling amid deepening lockdowns across major markets.
The lengthy apparel supply chain, with its multitude of raw material suppliers, is struggling to cope with a collapse in retail sales and canceled orders.
Carriers are battling to match their available capacity with demand that is drying up from major economies in Europe that are under lockdown.
The European Commission scolded member states for unilaterally closing borders and delaying urgently needed medical supplies for coronavirus-hit countries.
The Trump administration may be celebrating its “phase one” trade deal with China as a success, but the collateral damage on Europe will be costly.
The difficulty in fulfilling cargo contracts amid an increasingly chaotic supply chain and a spreading pandemic is driving forwarders to drastic steps to limit their liability.
Disappointment and criticism from users of container shipping services and their service providers has followed the European Commission’s decision to extend the carrier block exemption for another...
Extensive cutbacks in air and sea capacity are making life difficult for cargo owners, but expedited less-than-container-load (LCL) services and space guarantees from liner carriers offer...
Measures taken by China to limit the spread of the coronavirus, including shutting down factories and its economy for the better part of a month, will drag down container throughput this year.
The European Commission had already indicated it was planning to extend the carrier antitrust block exemption, but the decision to renew the regulation without any changes will have taken carrier...
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