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Industry News: Container Shipping: Record Delays, Record Profits
From MarineLink.com Friday, September 10, 2021 As ports and hinterland transport struggle to keep up, delays at ports are soaking up capacity leading to frustration on the shippers’ side and leaving carriers struggling to keep up all the while making record profits, shipping organization BIMCO reports. Drivers of demand and freight rates The container […]
Read MoreIndustry News: Trucking Industry Looks to Address U.S. Driver Shortage Over the Long Haul
Amid the pandemic, supply chain woes have been front and center. And while port constraints have dominated headlines, one of the biggest problems in the shipping industry has been the shortage of U.S. truck drivers. Hasted by early COVID-related retirements and the increased demand for shipped goods during the pandemic, trucking has emerged as one […]
Read MoreIndustry News – A Trucking Crisis Has the U.S. Looking for More Drivers Abroad
By Ari Hawkins August 2, 2021, 10:00 AM EDT Bloomberg.com A shortage of truckers across the U.S. has become so severe that companies are trying to bring in drivers from abroad like seemingly never before. For the first time in her 10-year trucking career, Holly McCormick has found herself coordinating with an agency in South […]
Read MoreIndustry News – Shipping Delays and Higher Rates Get Small Businesses Jammed Up
Small importers bear the brunt of snarled supply chains; ‘$17,000 and it won’t move until September’ Wall Street Journal By Costas Paris July 11, 2021 11:00 am ET Video: LA port backup reflects larger supply-chain issues Long waits for merchandise deliveries and crippling costs are hobbling the efforts of small and midsize businesses across the […]
Read MoreIndustry News – 229% surge in China-U.S. shipping costs drives inflation pressure
The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports amid slower recoveries from the pandemic from Europe to Asia. The spot rate for a 40-foot container from Shanghai to Los Angeles increased to $9,631, up 5% from the […]
Read MoreIndustry News – Grasshopper infestation ravages drought-stricken West
Infestation could cost hundreds of thousands of dollars in agricultural losses By Peter Aitken | Fox News The western United States, already stricken by a severe drought, now has a plague of grasshoppers to contend with. Agriculture officials have launched the largest grasshopper-killing campaign since the 1980s as the insects’ strip an already ravaged land. […]
Read MoreIndustry News – Shipper Fury as Container Freight Rates Soar
Shipper Fury as Container Freight Rates Soar June 27, 2021 By Mike Wackett (The Loadstar) – Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting rates of up to $25,000 to the US west coast. And there was one report of $32,000 from Shanghai to Los […]
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