Ocean carriers ride rocketing Asia-Europe rate hikes
Spot prices have more than doubled on Asia–Mediterranean routes and almost tripled from Asia to North Europe since the beginning of May.
Spot prices have more than doubled on Asia–Mediterranean routes and almost tripled from Asia to North Europe since the beginning of May.
The carrier called the move “a structural change” but said contingency plans included a return to Africa transits should the security situation deteriorate.
The proposed merger of Union Pacific Railroad and Norfolk Southern Railway would create single-line rail network that could shift discretionary cargo to Charleston and other underused East Coast infrastructure, writes rail analyst Paul Tonsager.
The furniture company leveraged cargo partnerships to secure capacity at a contractual rate as a way to offset higher oil prices and spot market volatility.
The furniture maker expects to nearly complete two centralized hubs this year as part of a multiyear distribution overhaul.
Equipment acquisitions for heavy-lift cargo handling need to go together with investment in technical expertise, asset providers warn.
As truckload capacity in the US gets tighter and rates move higher, more freight is being shifted to less-than-truckload providers — something that will continue, attendees at the SMC3 Connections conference were told.
The spice and ingredients maker plans to use the returned funds to help mitigate higher logistics and material costs tied to the conflict.
The agency’s efforts to boost transparency include using Bluetooth devices to identify bottlenecks for high-value shippers, a spokesperson said.
With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices.