A massive container ship blocking the Suez Canal showed no signs of budging for a third day, forcing container carriers and other vessels to weigh costly and time-consuming voyages around Africa that threaten to destabilize the already fragile underpinnings of global trade. Two liquefied natural gas tankers loaded in the U.S. and bound for Asian… Continue reading Blocked Suez Forces Ships to Look at Long Trip Around Africa
Carriers and freight forwarders have been working to inform shippers affected by the blockage of the Suez Canal over the last two days. As the major trade artery remains jammed, cargo owners should expect delays and increased port congestion, especially in European gateways, experts told Supply Chain Dive. Florian Braun, Flexport’s head of ocean for… Continue reading Ever Given and the Suez Canal: A list of affected ships and what delays mean for shippers
For years, container shipping was a rough business. Margins were minuscule, the risks were high and growth prospects bobbed with the unpredictable tides of global trade. That it’s now generating record profits is one of the great economic surprises of the pandemic. The transformation over the past year also debunks a premise expressed loudly by… Continue reading In Race for Speed, Massive Cargo Ships Are Outrun by Nimble Vessels
The vessels lined up at the blocked Suez Canal, one of the world’s busiest waterways, are carrying everything from live animals to liquefied natural gas. Crews on tugboats are struggling to remove Ever Given, a stranded container ship longer than the Eiffel Tower, and a look at the type of cargoes waiting to pass show… Continue reading What’s Backed Up at the Suez Canal? Live Animals, Oil and Food
Developed by SGS, TransitNet is a multilingual web portal customs transit and guarantee solution that allows companies to move their goods under Common Transit customs procedures. Carriers can issue a full transit declaration via a web interface that covers all European customs platforms. Declarations can be conducted away from the border in almost any EU/UK… Continue reading SGS Launches TransitNet Partnership with Eurotunnel For Frictionless Trade
TuSimple, a U.S.-Chinese developer of self-driving technology for commercial trucks, filed a registration to list shares in an initial public offering on Nasdaq. It’s among the first autonomous tech startups to do so–and breaking from a recent trend isn’t taking the SPAC route to its IPO. The number of shares to be offered and the… Continue reading Robot Truckmaker TuSimple Files For Nasdaq IPO
Dive Brief: Dollar General is contending with continued high carrier rates and fuel costs, CFO John Garratt said during the company’s earnings call Thursday. Increased costs are also stemming from discretionary bonuses for trucking employees, as well as for workers in distribution centers, Garratt said. To help mitigate transport costs, the company plans to further expand its private… Continue reading Dollar General to curb logistics costs by expanding private truck fleet
While 2021 may bring more questions than answers for shippers and LSPs, investing in the right solutions can help businesses stay resilient through whatever comes next.
In this episode, Group Editorial Director Michael Levans is joined by Kevin Ledversis, Director of Sales at Newcastle Systems, an industry-leading provider of mobile powered workstations, accessories and power packages.
ANA Holdings Inc. expects its cargo unit to receive a boost this year from the global chip shortage as planes loaded with semiconductors help speed deliveries to automakers and consumer-electronics manufacturers. “Supply chains are scrambling for automotive chips, that’s where air cargo can play a role,” Toshiaki Toyama, the chief executive officer of ANA Cargo,… Continue reading Global Chip Shortage Is Good for Cargo, ANA Says