by Audrey Chaney | Jun 25, 2021 | News & Events
A widely held theory on pandemic spending is that container imports surged because Americans bought a lot more goods when COVID prevented them from buying services. Now it is forecasted that with more vaccinations and fewer hospitalizations, Americans will resume...
by Audrey Chaney | Jun 25, 2021 | News & Events
Yantian International Container Terminal (YICT) says it will return to normal operations this week, following weeks of disruption caused by an outbreak of Covid-19 among dockers at the port. At midnight local time, all berths (including the West Port area) would...
by Audrey Chaney | Jun 21, 2021 | News & Events
An emergency closure of the Interstate-40 bridge across the Mississippi River has jammed traffic for over a month, hampering the region’s economic recovery from the pandemic and further straining an already stretched national supply chain. Typically, about 40,000 cars...
by Audrey Chaney | Jun 21, 2021 | News & Events
The UK P&I Club and other insurers are close to an agreement with the Suez Canal Authority (SCA) for compensation following the stranding of the Ever Given in March this year. As a result of negotiations with the SCA, the parties involved asked the Egyptian court...
by Audrey Chaney | Jun 21, 2021 | News & Events
Increased demand and worsening port congestion in Asia is forcing the east-west alliance carriers to temporarily adjust their liner service networks. With long waits for berths on the US west coast and at several North European ports, attempts by shipping lines to...
by Audrey Chaney | Jun 21, 2021 | News & Events
India may be slowly easing out of lockdown, but limits on factory production and tight air and sea freight capacity are still jeopardizing exports – particularly to the US. Covid-19 restrictions vary from state to state, but major economic hubs like Chennai, New...
by Audrey Chaney | Jun 21, 2021 | News & Events
The U.S. and the European Union agreed to suspend their trade dispute over government subsidies to Boeing Co. and Airbus SE , significantly easing trade tensions amid a broader effort to improve trans-Atlantic relations. The agreement would lift for five years...
by Audrey Chaney | Jun 21, 2021 | News & Events
Continued increases in freight volumes, chassis shortages, and gridlock at US rail ramps have created an inland rail crisis in Memphis. These issues have led to significant costs, delays, and overwhelmed infrastructure. Mallory Alexander’s Domestic Trucking...
by Audrey Chaney | Jun 21, 2021 | News & Events
Legislation being drafted by members of the U.S. House Transportation & Infrastructure Committee (House T&I) would require ocean carriers to accept all U.S. export container bookings. Proposed by John Garamendi, D-Calif., and Dusty Johnson, R-S.D., the...
by Audrey Chaney | Jun 15, 2021 | News & Events
Three weeks before new security rules go into effect for all export cargo moving by air, the Transportation Security Administration (TSA) has finalized plans giving businesses the ability to opt out of screening every shipment prior to loading if their facilities have...
