Archive for Press - page 2

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, […]

The recent crisis in the Red Sea has had a significant impact on global shipping operations, particularly affecting the Mediterranean Shipping Co. (MSC) and its services out of India. Due to growing security concerns in the Red Sea region, MSC […]

While India-US ocean rates are still below the levels seen at the height of pandemic-induced supply chain disruption, current Red Sea-linked fluctuations make a case for carriers to be able to push their pricing on the trade lane to second-half […]

Ocean carriers have stopped, for now, offering long-term agreements to the Asia-Europe market because the Red Sea shipping disruption is making it impossible to assess the factors that determine fixed contract rate levels. Long-term deals will not be offered “until the […]

The big picture: After one of the weakest years in recent history for international containerized freight moving through North America by rail — also known as inland point intermodal (IPI) — demand is expected to rebound in 2024, albeit only […]

The Chinese New Year in 2024, which begins on February 10 and ends on February 17, is expected to significantly impact shipping and supply chain dynamics between China and the USA. Here’s a summary of the major effects and some […]

Rising rate levels and the absorption of surplus capacity are two of the likely outcomes for ocean carriers from the wide-scale rerouting of container ships around southern Africa to avoid accelerating Red Sea attacks. The alternative route around the Cape […]

DHL Express workers represented by the Teamsters union have walked off the job at several U.S. locations in solidarity with ramp workers who went on strike a week ago at the company’s giant airhub at Cincinnati/Northern Kentucky International Airport (CVG). […]

The official Panama Canal transit numbers for November are out — and they’re ugly. November could be the tip of the iceberg. Reservation slots are being slashed further this month and in January. The total number of transits declined 22% […]