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 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…
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. …
Amidst the swirling currents of the global economy, marked by escalating geopolitical tensions, trade policy uncertainties, and the ever-present specter of economic instability, the World Trade Organization (WTO) finds itself at a crucial juncture. The…
In a significant escalation of efforts to pressure Moscow over its ongoing war in Ukraine and to mark the solemn two-year anniversary of the conflict, President Joe Biden has unveiled a sweeping series of sanctions…
The potential for strikes at East and Gulf Coast Ports is not merely a local labor dispute but a pivotal event that could have far-reaching implications for the economy, supply chains, and international trade relations.…
Overall This week, the Drewry composite index experienced a 5% decrease, yet it has registered a 88% increase compared to the same period last year. The World Container Index (WCI) is now 146% higher than…
Overall January witnessed a significant increase in worldwide air cargo demand, contrasting with the consistent demand for US container imports aligned with pre-COVID peak season patterns. The shift of Asia-Europe cargo from sea to air,…
As the Lunar New Year approaches, ocean carriers on the Asia-US trade lane are aggressively pushing for General Rate Increases (GRIs), aiming to capitalize on the seasonal demand surge and an already tight market environment…