As a potential dockworker strike on October 1 looms for major U.S. East and Gulf Coast ports, shippers and forwarders are exploring alternative routes and preparing contingencies to minimize supply chain disruptions. Planning ahead is a crucial step to mitigating the potential impact. The Impact • Work stoppages: Key East Coast and Gulf Coast ports,
A robust Q3, 2024 for air freight leads to high hopes for continued strong performance in Q4. Global cargo demand continued its double-digit growth, rising 11% in August. Lufthansa Cargo noted unusually high freight rates for this time of year, driven by supply and demand pressures, including geopolitical factors. Xeneta’s Chief Airfreight Officer, Niall van
For Shipco, a foundation of strong core values that guide every decision and how the company operates places customer needs at the forefront. Morten Bach, Shipco’s Global COO – Commercial, emphasizes the company’s commitment to be a reliable and steadfast logistics partner for its forwarder customers, stating: “Who we are as a company, our people,
Shippers are advised to secure space and create contingency plans due to anticipated air cargo capacity shortages from key Asian markets during the peak season. According to a Xeneta and Tiaca webinar, dynamic load factors from Asia Pacific to Europe were 86% and 88% to North America in July, which is atypically high for this
A planned strike at India’s major ports was canceled after workers accepted a new five-year contract. Nearly 20,000 workers were set to walk out on August 28. Reuters reported that Unions agreed to an 8.5% pay raise over five years, down from their initial 10.6% demand. The deal ends talks that began in 2021 when