Asia-Europe carriers face capacity managing challenge as demand slows
Despite freefalling spot rates and lackluster demand expectations for the fourth quarter, carriers have been far more conservative in blanking sailings this year.
Despite freefalling spot rates and lackluster demand expectations for the fourth quarter, carriers have been far more conservative in blanking sailings this year.
Cracks may be appearing in the LTL pricing wall, as shipment levels drop, but LTL costs remain elevated compared with pandemic-era rates.
Universities are reevaluating their curriculums to prepare future supply chain leaders to go beyond traditional concepts to navigate disruption.
In order to make good on their value promise, retailers like TJX, Ross and Burlington are being hyper-vigilant about pricing across the industry.
Despite the downward pressure, demand for air cargo increased 5% YoY in August.
Some shippers are piloting the offerings ahead of formal launches next year as the parcel carrier seeks to capitalize on underserved parts of the market.
The Montreal Port Authority said permits are in the works for Contrecoeur’s underwater work, while DP World has signed on to design and operate the terminal
The investment bank said non-Chinese carriers will largely avoid looming and escalating port fees, but Cosco and OOCL will be on the hook unless they adjust networks.
The fruit shipper cites the downsides of moving perishables by breakbulk methods, criticizing the “hours of exposure to extreme heat or cold and frequent handling.”
Full ships, a low number of blank sailings and improving schedule reliability have stabilised the westbound trade lane but will do little to raise rate levels, say executives and analysts.