US Import Optimism, Strategic Port Expansions, Rate Adjustments Amid Red Sea Turmoil, & More
This week: Despite challenges from politics and logistics, US retailers expect to import more in early 2024. The Port of Savannah experiences a surge in intermodal freight activities, highlighting strong and uninterrupted goods flow to the US East Coast. A $1.4...
Global Trade Navigates Red Sea Challenges, Maritime Punctuality Hits New Low, FMC’s Detention Fee Overhaul, & More
This week: Houthi rebel attacks in the Red Sea prompt global shipping to reroute. January’s global maritime reliability hits a new low since September 2022 due to Red Sea disruptions. The Federal Maritime Commission has implemented new rules to protect port...
Norfolk Southern Adjusts Services Amid Downturn, Biden’s $20 Billion Crane Security Boost, US-Asia Trade Surge, & More
This week: Norfolk Southern Railway is terminating its intermodal services connecting Charleston and Savannah because of low cargo demand. The Biden Administration has unveiled a $20 billion initiative to bring back the making of ship-to-shore cranes in the US....
FMC Ruling, Warehouse Rents Hit Highs Amid Supply Squeeze, & Shifts in Truckload Carrier Capacity
This week: The Federal Maritime Commission’s landmark decision promoting fairness in container transportation. Geopolitical tensions and security concerns lead to major shifts in Red Sea shipping routes. The Panama Canal demonstrates resilience and operational...