Logfret InSights
Ports of LA and Long Beach report continued progress moving import boxes out of their congested terminals and decide to hold back new charge until at least 29 November.
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Logfret InSights
Ocean freight costs are expected to remain high, adding costs to a range of goods. But while globalisation is here to stay, countries dependent on maritime transport will be hardest hit if the supply chain crisis is not resolved, UN report highlights.
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Logfret InSights
Although progress has been made to restore main routes to the Metro Vancouver and Fraser Valley regions, rail and road operations servicing the key Canadian west coast port remain impacted by the recent flooding in British Columbia.
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Logfret InSights
But a White House briefing questioned the size and power of container shipping alliances, called for greater funding for and oversight from the FMC, and ‘reforms to our shipping laws’ that ‘would help further improve our ability to get goods in and out of this country more quickly and cost effectively’.
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Logfret InSights
This month it was revealed that transit traffic on the Northern Sea Route (NSR) – the trans-Arctic shipping lane that runs from Norway’s northernmost reaches to Russia’s Pacific coast and Asia – had increased 66% from January to November, year on year.
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Containers are moving out of ports more quickly after threat of financial penalties, so implementation of Container Dwell Fee is delayed until 22 November.
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For the second time this year, severe weather has severed cargo flows between Canada’s largest port and the interior.
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Logfret InSights
Severe congestion across major airports appears to be hampering air cargo volumes.
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Logfret InSights
US shippers are now facing severe airport congestion – New York’s JFK and Los Angeles seeing delays of up to two weeks to recover cargo, in some cases.
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Logfret InSights
This winter's first massive snowstorms began hitting North and Northeast China on Saturday, freezing roads, trapping cars in mountains, closing highways and leading to the suspension of trains and other forms of public transportation.
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