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29
Mar
Getting Ready for CARM Release 2: CBSA’s 2024 Digital Shift
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. […]
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26
Mar
Baltimore Bridge Tragedy: Impact and Recovery
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 […]
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20
Mar
Strategic Impasse in Global Shipping Amid Rising Disruptions
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 […]
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18
Mar
US Trucking: Navigating Economic Shifts and the Electric Transition
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, […]
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07
Feb
Bankrupt Yellow Corp. Settles COVID Loan with Full Repayment of Principal and Interest
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 […]
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06
Feb
Transportation Prices Rise, Signaling End to 19-Month Contraction: LMI Update
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, […]
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26
Jan
Rerouting Trade: How the Red Sea Crisis is Reshaping MSC’s Shipping Operations in India
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 […]
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17
Jan
India-US Ocean Rates seen inching to COVID peaks on Red Sea Woes
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 […]
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14
Jan
Ocean carriers suspend Asia-Europe contract offers until Red Sea ‘settles’
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 […]
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11
Jan
International Intermodal Volumes to Rebound Slightly in 2024
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 […]
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