Transportation and shipping
World supply chain woes have observed ‘huge enhancement,’ Flexport founder states
Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion through the Milken Institute World Meeting in Beverly Hills, California, U.S., on Wednesday, Could 4, 2022. Bloomberg | Bloomberg | Getty Photos World wide offer chain woes have eased ahead of the holiday year, in accordance to Flexport founder and co-CEO Ryan Petersen. […]
Read More
A new wave of Uk port labor strikes starts, with ‘massive impact’ for Xmas offer chain
A putting dockworker on a picket line exterior the Port of Liverpool in the course of a strike in Liverpool, Uk, on Tuesday, Sept. 20, 2022. Dockers at Britains fourth-most significant container port voted unanimously to reject their companies most up-to-date fork out offer you — and stroll off the career for two months in […]
Read More
Ocean shipping’s major bets on likely eco-friendly, from wind electricity to methanol and liquid hydrogen
Airseas, the maritime device of France’s Airbus, has designed a gigantic, automated kite referred to as Seawing, which fundamentally tows a ship. Airseas The delivery marketplace accounts for just about 3% of the world’s overall greenhouse gasoline emissions, making as considerably artifical carbon dioxide as all the coal-fired ability plants in the U.S. combined. Continue […]
Read More
BofA upgrades beverage company Vita Coco, citing declining ocean freight costs
Bank of America sees a stabilizing ocean freight market as a positive catalyst for Vita Coco going forward. The firm on Friday upgraded the beverage company’s stock to buy and raised its price target to $12 from $10. The stock jumped more than 17% Friday to trade at about $11.60 per share. The price change […]
Read More
There’s a battle over inflation-linked pay adding to European port contagion
The growing congestion at ports in Germany and the Netherlands, which could delay car and furniture shipments to the U.S. for weeks, shows no signs of clearing up as the latest round of labor negotiations between the Central Association of German Seaport Companies (ZDS) and ver.di, the German labor union, ended with no agreement. A […]
Read More
Congested Port of Oakland slashing free wait time for import containers
In an aerial view, shipping containers sit on the dock at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images The Port of Oakland has had enough of the long-dwelling import containers clogging its ports. On July 1, Oakland is reducing the tariff-free time from seven days to […]
Read More
The housing market slowdown is showing up in shipping data from China
Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by U.S. importers of 20-30%, as recently reported by CNBC, and more recent data from U.S. shippers shows the housing market slowdown is now showing up in the Asian supply chain data too. “We are seeing the impact and slowdown across […]
Read More
Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is very powerful, even if people know that it’s not really free because someone is paying for it,” Kara Buntin, owner of the Etsy […]
Read More