Ocean carriers plan to reduce capacity as demand falls
Demand has fallen significantly due to customers moving cargo away from the West Coast, Ali Ashraf, director of ocean product at C.H.Read More
Southern California’s Container Ship Backup Ends
Officials declared an end to the backup of ships at Southern California’s ports more than two years after vessels began lining up in weekslong queues that became one of the most visible signs in the U.S. of the pandemic-driven turmoil in supply chains.Read More
Air cargo loves a strike, elsewhere, but will US rail shutdown happen?
Remember the US west coast port slowdown of 2014-2015? Airfreight happily picked up the pieces, getting a great boost in an otherwise lacklustre market.Read More
Union Pacific CEO called to hearing in Washington as risk of rail strike rises
The Surface and Transportation Board is calling Union Pacific
management including CEO Lance Fritz to appear at hearings December 13-14 about the freight railroad’s use of embargoes.
Fires top insurance claims
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, while at a time of rising exposures and inflation, cargo damage is the most frequent cause of loss, according to Allianz Global Corporate & Specialty (AGCS).Read More