Overall This week, the Drewry composite index experienced a 3% decrease, yet it has registered a 71% increase compared to the same period last year. The World Container Index (WCI) is now 106% higher than the average rates before the pandemic in 2019. Additionally, the average index for the year-to-date significantly exceeds the 10-year average,…
The collapse of the Francis Scott Key Bridge in Baltimore marked a significant incident, impacting not just local but national and global logistics networks. The bridge’s collapse began with the containership, Dali, losing power and crashing into one of the bridge columns, resulting in a total collapse. This event was not just a local incident…
The Baltimore Bridge Collapse profoundly impacted the logistics and transportation sectors, highlighting the vulnerability of essential infrastructure. The collapse led to immediate and extensive consequences for freight and cargo movement, creating delays and logistical challenges. This incident serves as a pivotal example for the logistics sector, illustrating the importance of contingency planning and risk management.…