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shipping
02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
12/22/2022
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By Cassie B.
UPS and FedEx expected to raise shipping rates by as much as 10% next year
Shipping costs are expected to rise by 8 to 10 percent next year at the nation’s two biggest package delivery companies, UPS and FedEx. This is according to a recent report by the shipping consultancy TransImpact, who is predicting that despite the increases, there will be very little difference between the prices offered by the […]
11/24/2022
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By Belle Carter
PLUMMET: Maritime, rail and trucking demand DROPS sharply from pandemic era peak
Container imports, rail intermodal shipments and truckload demand have dropped sharply from their lofty peaks during the Wuhan coronavirus (COVID-19) pandemic era. The Inbound Ocean TEUs Index (IOTI), which measures container import bookings, is currently just six percent higher than in November 2019, after averaging 80 percent above pre-pandemic levels through most of 2021. Loaded […]
11/17/2022
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By Belle Carter
LA Port’s October imports drop 28% year-over-year as labor negotiations drag on
The Port of Los Angeles has reported that its total throughput in October was 678,429 20-foot equivalent units (TEUs), almost 25 percent less compared to the same month last year. Meanwhile, imports totaled 336,307 TEUs – down 28 percent year-over-year. The biggest drag was from incoming cargo that has shifted to the East and Gulf […]
11/03/2022
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By Belle Carter
Freight companies expect “muted peak season” due to waning retailer demand
Freight companies are now preparing for what executives are calling a “muted peak season” as diminishing shipping demand from overstocked retailers ripples across the country’s shipping markets. According to the Wall Street Journal (WSJ), the changes are cascading across freight operations, cutting into inbound shipping volumes and bringing fewer goods onto the roads. “The fourth […]
10/26/2022
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By Belle Carter
Shipping cost from Asia to US West Coast drops 84% year-over-year as consumer demand plunges
The current season is turning to be a dull one for the transportation-logistics industry as economic activities in the ports of Los Angeles and Long Beach in Southern California, the heart of U.S. supply chain congestion, began to dampen. This led to a massive drop in the cost of shipping containers. In September 2021, the average […]
10/17/2022
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By Cassie B.
Shipping rates drop 75% amid plummeting US retail demand
Cargo ship owners have been canceling sailings on some of the busiest routes in the world in the middle of what is normally their peak season, illustrating the serious impact that inflation has been having on consumer spending. This summer, import volumes to the U.S. started to drop dramatically, which is a strong sign that […]
09/27/2022
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By Belle Carter
The tide has turned: Shipping lines no longer interested in renting container vessels
Rates for container ship rentals are now in a nosedive, as per freight indexes. The cost of transporting goods in containers has steadily declined since reaching its highest point before the end of 2021. “What is astonishing is how quickly the market appears to turn,” ship brokerage Braemar said. “Only some weeks ago, charter rates appeared […]
09/20/2022
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By Ethan Huff
FedEx cratering as economy implodes, shipping demand falls off cliff
Things are not looking good for global shipping giant FedEx, which just announced the implementation of significant cost-cutting measures due to a “softness” in global shipping volume. Softness, in this context, means that people and companies are no longer shipping things as much as they once were. This is, in part, due to ongoing supply […]
09/13/2022
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By Arsenio Toledo
China’s economy showing signs of FAILING as exports slow down, shipping industry weakens
Chinese exports are slowing down and the country’s shipping industry is weakening – ominous signs that the country’s economy is failing. On Wednesday, Sept. 7, the Chinese government released a report showing that exports rose 7.1 percent year-over-year in August. This is far below the consensus forecast predicting a 12.8 percent growth in exports. This is […]
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