Asia-US spot rate surge continues as retail restocking enters the mix
The US retail inventories-to-sales ratio in April fell to its lowest in more than three years as the market ponders just how much steam the current frontloading push has left.
The US retail inventories-to-sales ratio in April fell to its lowest in more than three years as the market ponders just how much steam the current frontloading push has left.
Spot rates are expected to climb for another four weeks and many vessels are full until at least July, per Xeneta.
Both traditional LTL carriers and non-traditional expedited LTL providers are seeking access to containerized freight as trans-Pacific imports increase.
The grocery retailer is pushing negotiations and intentionally leveraging direct sourcing to optimize the cost of goods.
With most upcoming vessels overbooked, major India-Europe services have closed spot window bookings until early-July sailings, according to forwarder sources.
This week’s takeover of DeSpir Logistics expands Robinson’s capabilities in healthcare, life sciences, pharmaceuticals, aerospace, and data center logistics, sectors that often require heightened security and monitoring.
Jonathan Daniels was on the job in Baltimore for a little more than two years, but he’s credited with helping coordinate state and federal recovery efforts to reopen the port following the collapse of the Key Bridge.
The North American terminal operator and stevedore is starting work on a long-delayed big-ship terminal along the Delaware River that would serve mid-Atlantic shippers.
Despite inflation, reduced costs for the apparel staple spur negative consequences for workers’ wages and safety, per nonprofits Clean Clothes Campaign and Public Eye.
Groupings of mid-sized ocean carriers linking strong regional networks with innovative services is one way those carriers can stay competitive in the deep-sea business, writes Jeremy Masters.