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Date : 2022-09-07
New York and New Jersey port officials tell CNBC they are not going live with the container fee they had planned for September 1. The Port of New Jersey has had a container imbalance of over 200,000 since January and the fee was to encourage the evac...
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[OCEAN] Spot rates comparison on major trade routes - 03/09/2022
Date : 2022-09-07
The recent trend of falling spot rates has left many shippers and the wider container shipping industry pondering how much it has fallen from last year until this summer. Despite the fall in spot rate over the summer, they are still much higher than ...
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[GLOBAL & ECONOMY] Euro hits 20-year low on Russian gas halt - September 5, 2022
Date : 2022-09-07
The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia’s halt on gas supply down its main pipeline to Europe sparked concerns over energy prices and growth.
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[GLOBAL & ECONOMY] A Deglobalising World Will Be An Inflationary One - Sep 5, 2022
Date : 2022-09-07
Globalization and disinflation have gone hand in hand in recent decades. As multinational companies grew well beyond the borders of individual nation states, they were able to use technology, outsourcing and economies of scale to drive prices down. C...
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Date : 2022-09-07
In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online.
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[GLOBAL & ECONOMY] Chinese E-Commerce Companies Suffer as Economy Sours - Sept. 3, 2022
Date : 2022-09-07
Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce companies.
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[GLOBAL & ECONOMY] U.S. Dollar Strength Lifts Americans’ Relative Spending Power - September 5, 2022
Date : 2022-09-07
Inflation is high, but U.S. consumers’ relative purchasing power has never been higher.
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[OCEAN] Why container ships probably won't get bigger - 5th July 2022
Date : 2022-08-30
The biggest container ships ever built ply the world's oceans, but will physics and economics set some limits to how much larger these vessels can get?
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[LOGISTICS] The U.S. supply chain is now facing two trade hurdles - AUG 17 2022
Date : 2022-08-30
Two of the major trade lanes for U.S. shippers are under strain this peak season. The heatwave in China has shut down key manufacturing and the growing backlog of European imports is expected to spill over into the first quarter of 2023.
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[AIR] Top 25 air cargo carriers for 2021 revealed - 18 / 08 / 2022
Date : 2022-08-30
IATA World Air Transport Statistics (WATS) data for 2021 showed the top 25 cargo airlines last year had strong volume growth following a tough first pandemic year (full chart at end of article).
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[OCEAN] Shipping container fees are falling around the world, but not in the U.S. - AUG 12 2022
Date : 2022-08-30
Late container charges known as detention and demurrage (D&D) in the United States are the highest in the world, according to a recent report by Container xChange, and are out of sync with D&D charges that have been falling around the globe.
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[OCEAN] REEFER CONTAINER FREIGHT RATES TO OUTPACE DRY BOX PRICING - Aug, 17, 2022
Date : 2022-08-30
Reefer container freight rates across global trades rose over 50% in the year to the second quarter of 2022, matching gains made in dry cargo pricing, and are estimated to increase further in the third quarter, outpacing dry box rates according to Br...
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[GLOBAL & ECONOMY] Saudi Arabia’s Booming and This Time It Isn’t Only About Oil - 2022.08.21
Date : 2022-08-30
The more than 300 apartments in Almajdiah Residence’s new Riyadh complex sold in just a month for cash, without the company even having to advertise.
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[GLOBAL & ECONOMY] Asian shares fall on Fed worries after Wall Street sell-off - 2022.08.22
Date : 2022-08-30
Asian shares were trading lower Tuesday, echoing a broad sell-off on Wall Street amid speculation about another interest rate raise from the U.S. Federal Reserve.
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[GLOBAL & ECONOMY] Europe Slips Toward Recession as ECB Mulls Steps Ahead - 2022.08.22
Date : 2022-08-30
Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation and tighter monetary policy.
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Date : 2022-08-30
The small factories in the western Japanese city of Higashiosaka for decades fuelled the thundering rise of the country's biggest brands - but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland.
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Date : 2022-08-30
For workers hoping to hold onto wage gains and investors hoping to hang onto profits, Federal Reserve Chair Jerome Powell's remarks this week to a central banking conference in Wyoming will lay out what he expects to happen in an economy battling inf...
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[LOGISTICS] Tracking the speed, dwell and cars of Class I railroads - August 12, 2022
Date : 2022-08-18
Understanding how a rail shipment moves through the tracks and hump yards across the country relies on a few key metrics. Three of the main key performance indicators that railroads use to communicate their performance are speed, dwell time and cars ...
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[LOGISTICS] Global supply chain reconfiguration to persist through 2030 - August 11, 2022
Date : 2022-08-18
Global supply chains remain disrupted as the Covid-19 pandemic enters the third year and the crisis in Europe creates chaos in Europe-Asia transportation.
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[AIR] Quest for Quality 2022: Air Carriers/ Air Freight Forwarders - August 15, 2022
Date : 2022-08-18
Leading up to the pandemic, air cargo had been experiencing a wrath of fundamental pressures: record high rates, tight capacity, mounting congestion at key gateways, and ever-present labor issues. However, the Russian invasion of Ukraine now takes th...