Archive for Press

Portland’s Port Authority has announced the cessation of container services at Terminal 6 (T6) starting October 1st, 2024. The decision, outlined in a letter to Oregon’s importers and exporters by Keith Leavitt, the port’s Chief Trade and Economic Development Officer, […]

Whether you’re a frequent online shopper eagerly awaiting a delivery or a logistics coordinator orchestrating the movement of goods, you’ve likely encountered the humble ZIP code. But beyond its appearance on packages and shipping labels, ZIP codes wield significant influence […]

The ongoing disruptions in the Red Sea shipping lanes are prompting a significant shift in global logistics strategies, leading to a marked increase in airfreight volumes and rates. As geopolitical tensions and attacks on maritime vessels exacerbate the challenges of […]

The closure of the Port of Baltimore following a major bridge collapse has prompted a significant reshuffling of container ship traffic to other East Coast ports, with New Jersey and Virginia ports stepping up to accommodate the diverted traffic. This […]

The Canada Border Services Agency (CBSA) is moving forward with its digital transformation initiative, known as CARM (CBSA Assessment and Revenue Management), which will significantly change how duties and taxes on commercial goods imported into Canada are assessed and collected. […]

The incident involving a large containership crashing into the Francis Scott Key Bridge in Baltimore has caused significant disruptions and initiated a large-scale search-and-rescue operation. This event has severe implications for one of America’s busiest ports, leading to the suspension […]

The recent spike in spot ocean freight rates, contrasted with a cautious approach towards long-term contracts, illuminates a series of interconnected challenges and strategic maneuvers within the global shipping industry. This situation, fueled by geopolitical tensions and environmental factors, has […]

The US trucking industry is currently facing a complex set of challenges and adaptations, characterized by companies working for lower rates while simultaneously handling an increased workload. According to a recent survey by Truckstop.com involving more than 2,000 motor carriers, […]

Yellow Corp., formerly known as YRC Worldwide, has recently repaid the $700 million COVID-relief loan it received from the U.S. Treasury in 2020, along with over $151 million in interest, as per a statement released late Monday. This development is […]

For the first time in 19 months, transportation prices in the United States have shifted to expansion, driven by retailers’ increased inventory restocking. This development was highlighted in a recent Logistics Managers’ Index (LMI) report released on Tuesday. The LMI, […]