Major U.S container ports are recording high import volumes as retailers continue to front-load, and the National Retail Federation (NRF) expects this trend to continue. NRF Vice President for Supply Chain and Customs Policy, Jonathan Gold, explained that even though a second U.S. port strike was averted, retailers had rushed to ship their imports before the
The airfreight industry enters 2025 with cautious optimism despite slowing growth and geopolitical concerns. While 2024 saw significant gains, including 14 straight months of double-digit demand growth, December showed signs of cooling with just 6% higher tonnage compared to the previous year, according to WorldACD. Global spot rates were 15% higher in December than the
The British International Freight Association (BIFA) predicts that 2025 will bring opportunities for the international freight forwarding and logistics sectors, driven by rising global trade, e-commerce, and technological innovation. Other areas of focus include automation, digitalization, and sustainability. The International Monetary Fund (IMF) projects a 3.2% rise in global trade volumes as geopolitical tensions ease,
Shipco Transport is pleased to announce the relocation of its Toronto, Canada branch. The new office is fully operational as of January 1, 2025, and all services will continue without interruption. The new office address is: 2355 Skymark AvenueSuite# 101Mississauga ON L4W 4Y6 “We are proud to move to a new, modern workspace. Our new
The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) have tentatively agreed on a new six-year master contract. Though pending approval by local unions and USMX members, the deal addresses key issues, including port automation, while protecting jobs and modernizing operations. “This agreement protects current ILA jobs and establishes a framework for implementing
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