US Ports by Volume: How Maritime Cargo Trends are Stacking up
The volume of cargo containers handled at the major U.S. seaports can serve as an indicator of the country’s economic and commercial health. In 2022, maritime gateways accounted for 40% of international freight value, making port volumes a useful barometer…
+ Read Full PostConvoy Inc., a digital freight brokerage company, experienced a dramatic downfall from a valuation of approximately $3.8 billion in the first quarter of 2022 to going out of business in a little over 18 months. Most of its employees were…
+ Read Full PostThe European Union has set forth an ambitious goal of achieving carbon neutrality by 2050, with an interim objective to reduce emissions by 55% by 2030. The EU’s’s Emission Trading System (EU ETS) has emerged as the world’s largest emissions…
+ Read Full PostA recent Q3 shipper survey indicates that the freight industry remains uncertain in its forecast outlook. As excess inventories have decreased, careful inventory management by major retailers has lessened the need for restocking ahead of the holiday season. Meanwhile, Shippers’…
+ Read Full PostSeptember 25, 2023 Frieghtwaves.com Noi Mahoney Cargo thefts from trucks and warehouses experienced a significant spike during the second quarter of 2023, according to Verisk Analytics’ CargoNet data. There were 566 reported incidents in the U.S. and 16 in Canada,…
+ Read Full PostSunday, September 03, 2023 FreightWaves Craig Fuller A freight market turnaround in 2024? Spot rates will likely increase, benefitting carriers but potentially causing challenges for shippers. Shippers may face higher shipping costs in 2024, and freight brokerages could be particularly…
+ Read Full PostAugust 24, 2023 3:28 PM PDT Elida Moreno Reuters The Panama Canal faces significant challenges due to a prolonged drought, which has lowered the water level, causing congestion and delays. This congestion poses a looming threat for shippers due to…
+ Read Full PostAug. 16, 2023 Max Garland Supply Chain Dive A wave of labor disputes in supply chains, driven by workers seeking better pay and job security due to their pandemic contributions and inflationary pressures. This “Hot Labor Summer” has disrupted operations…
+ Read Full PostLogistics are integral to the global supply chain. In light of heightened customer expectations, supply chain disruption, and the rising cost of doing business, it can be challenging for companies both large and small to manage every aspect of logistics…
+ Read Full PostAccording to the U.S. Census Bureau quarterly reports, both total retail eCommerce sales and eCommerce as a percentage of total sales rose steadily from 2022 through 2023. In the most recent report for Q3 2023, retail eCommerce sales increased 2.3%…
+ Read Full PostAs the first quarter of 2024 comes to an end, here are some observations over the past few months as well as predictions about the trucking...
+ Read moreFollowing the recent Baltimore Bridge collapse and subsequent port closures, we want to keep our customers informed about the situation and...
+ Read moreA growing coalition of 47 countries, including key players like the European Union, Canada, Japan, and various Pacific Island nations, is...
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