Logistics News

 

Global Container Flows Struggle to Pick Up Speed, Data Shows

Feb 02, 2022

Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail goods and pandemic-related lockdowns, the latest shipping data shows.Delays at U.S. major ports have been particularly severe…

Loadsmart Valuation Hits Over $1 Billion After Funding Round

Feb 01, 2022

Freight tech firm Loadsmart Inc said on Tuesday it was valued at $1.3 billion in its latest funding round, led by SoftBank Latin America Fund and funds managed by BlackRock Inc.The company raised $200 million in the Series D funding round from…

CMA CGM to Buy Majority Stake in Delivery Firm Colis Prive

Jan 31, 2022

French shipping giant CMA CGM said it had struck a preliminary agreement to acquire a majority stake in French delivery firm Colis Prive, as it continues to build up its logistics business.CMA CGM is to buy 51% of Colis Prive from current owner…

Container Shipping: Rates Dip in January, Fundamentals Strong says Xeneta

Jan 31, 2022

Long-term contracted ocean freight rates fell 3.6% in January, according to the latest Xeneta Shipping Index (XSI) Public Indices, the second consecutive monthly rates decline following 14 straight months of increases. Despite the recent stumble…

FMC Addresses Detention and Demurrage, and Data Initiatives

Jan 28, 2022

The Federal Maritime Commission met in both open and closed session today to be briefed on efforts to address detention and demurrage, improve supply chain data transparency, and an ongoing investigation of Canadian government regulations that affect U…

FMC Takes Action on Container Charges

Jan 26, 2022

On January 6, the Federal Maritime Commission announced an “Order of Investigation and Hearing” against Wan Hai Lines, Ltd, a vessel-operated common carrier (VOCC). The order charges that Wan Hai failed to “establish, observe, and enforce just…

First Ship-to-Containership LNG Bunkering Ops in Port of Marseille Fos’

Jan 24, 2022

TotalEnergies and CMA CGM launched Marseilles’ inaugural ship-to-containership Liquefied Natural Gas (LNG) bunkering operation in the Port of Marseille Fos, Southern France.CMA CGM BALI, a 15,000 TEU LNG-powered containership is deployed on the MEX 1service…

The Big Challenges for Supply Chains in 2022

Jan 17, 2022

In the run-up to Christmas, there was considerable anxiety about shortages of festive food and gifts. Trade friction was already at the core of the Brexit debate, and supply chain issues have been made much worse by the COVID-19 pandemic.For example…

Supply Chain Snarls Clog US Online Holiday Sales Growth

Jan 12, 2022

U.S. consumer spending on online shopping during the holiday season was weaker than expected, Adobe Analytics data showed, as supply chain issues caused product shortages and delayed deliveries.Consumers spent a record $204.5 billion online over the 2021 holiday season…

OASIS Group to Set up Logistics Park at London Gateway

Jan 11, 2022

DP World on Tuesday announced that OASIS Group has become the latest business to locate at its port-centric logistics park at London Gateway in the U.K.The 108,973 sq ft warehouse will be taken on a long-term lease by OASIS Group, which provides…

Port Everglades Sets New Cargo Moves Record

Jan 10, 2022

Port Everglades reports it has topped its cargo moves record following the after the arrival of Mediterranean Shipping Company's MSC Rachele.With the assistance of the port's three new Super Post-Panamax gantry cranes and one existing Post-Panamax crane…

The Latest Supply Chain Snafu: Shortage of McDonalds French Fries in Japan

Jan 07, 2022

While the supply chain mess has left consumer globally wanting for everthing from cars to treadmills, the latest hit is arguably the worst: a shortage of McDonalds french fries in Japan's roughly 2900 branches!Japanese customers will have to…

New JV Stevedoring Company Handles First Box in Savannah

Jan 03, 2022

On Monday at the Port of Savannah, representatives from Gateway Terminals, the International Longshoremen’s Association and the Georgia Ports Authority joined to mark the first container moved under the direction of Gateway, a new joint venture…

2022 & Beyond: Will the Container Carrier Debacle Ever End?

Dec 30, 2021

When the global supply chain runs smoothly, it’s like a well-choreographed dance. Everything comes together elegantly and effortlessly. But when someone misses a step, the show can quickly turn into a disaster. And that’s what’s currently unfolding before our eyes…

India's Adani Nears First Coal Load from Controversial Australian Mine

Dec 29, 2021

India's Adani Group is preparing to ship the first coal cargo from Australia's most controversial mine, after battling a seven-year campaign by climate activists and defying a global push away from fossil fuels.The Carmichael mine in outback…

Logistics News

GAC to Acquire Quadrant Pacific’s Ship Agency Business

GAC to Acquire Quadrant Pacific’s Ship Agency Business

US East Coast Port Union Strike Threat to Test Shippers' Nerves

US East Coast Port Union Strike Threat to Test Shippers' Nerves

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Xeneta: US Importers Caught in a Vicious Circle

Xeneta: US Importers Caught in a Vicious Circle

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