LOS ANGELES (Reuters) - Retailers Walmart, Target and Shein kicked off back-to-school sales early to stop Amazon.com's Prime Day event from siphoning U.S. sales of backpacks and laptops, helping advance the peak ocean shipping season by two months and boost...
The Logistics Report – Is the Tight Maritime Market Driven by Surging Demand or Capacity Constraints?
It’s been over four years since the pandemic was upon us, but the US containerized import market continues to buck trends and create conditions that would render most forecasting models wrong — both with assessing available capacity and determining cost per TEU (be it...
Global Trade Magazine – U.S. Container Imports Surge in June 2024 Amid Port Labor Stalls
June 2024 U.S. container import volume declined 2.1% from May but increased 10.4% compared to the same month last year. Compared to May 2024, imports from China remained flat in June 2024 but boasted 13.8% growth over June 2023. Port transit delays at most West Coast...
AJOT – Descartes report reveals supply chain unpredictability
Descartes’ U.S. Ports Report explains why a down year wasn’t really a down year for U.S. ports. U.S. ports experienced a surprising year in 2023, according to the 2024 U.S. Ports Report from Descartes. “With a few exceptions, 2023 was not the year that most expected...
USNews – U.S. East Coast Port Union Strike Threat to Test Shippers’ Nerves
(Reuters) - - Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other shippers already grappling with longer transit times and higher costs. The International Longshoremen's Association contract covering...
Marinelink – The threat of a port strike on the East Coast of the United States will test the nerves and resolve of shippers
Retailers, manufacturers, and other shippers are already dealing with higher costs and longer transit times due to labor talks in U.S. port on the East Coast. The contract of the International Longshoremen's Association, which covers 45,000 dockworkers in three dozen...
Reuters – U.S. East Coast port union strike threat to test shippers’ nervesReuters
June 12 (Reuters) - Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other shippers already grappling with longer transit times and higher costs. The International Longshoremen's Association contract...
WSJ – Logistics Report “Number of the Day”: Espionage Alarms Over Port Cranes; Red Sea Shipping Crisis Gets Fatal
Alarms over potential Chinese espionage through port container cranes are growing. A congressional probe identified communications equipment on some of the container-handling equipment, the WSJ’s Dustin Volz reports, fueling concerns that the commercial cranes...
World Cargo News – Gulf Coast ports most likely to be affected by further vessel rerouting
In February 2024, container import volumes in the U.S. dropped by 6% compared to January, yet surged by 23.3% compared to the same month the previous year. Following the above-mentioned key insight from Descartes’ March Global Shipping Report, the question emerges:...
Inside Shipping – Liner execs downplay Red Sea upside, punishing their own shares
Disruptions at the Panama Canal and in the Red Sea dramatically increase voyage distances, offsetting newbuilding capacity additions. Disruptions are long-lasting, keeping extended voyage distances in place throughout this year, if not longer. Read more