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 already rushed to ship their imports
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
Negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) remain unresolved, with the current master contract extension set to expire on January 15, 2025. Key U.S. East and Gulf Coast ports could face another strike without an agreement. Given the limited media coverage of these negotiations, it is advisable for
Global trade is projected to reach $33 trillion in 2024, up $1 trillion, to reflect a 3.3% increase from a year ago, according to the United Nations Conference on Trade and Development (UNCTAD). The growth has been fueled by a 7% rise in trade in services, adding $500 billion, while trade in goods rose by
Ocean and air freight rates have climbed significantly in 2024, driven by unpredictable market dynamics, according to Transport Intelligence (Ti). Ocean freight rates remain 117.6 points above January levels, with no immediate return to pre-crisis levels expected. Xeneta’s chief analyst, Peter Sand, highlighted ocean carriers as the year’s “financial winners,” noting their shift from loss-making
[Tallinn, Estonia] — Shipco Transport is proud to celebrate its 25th anniversary in the Baltics region. Shipco Transport first entered the market in 1999, establishing initial operations in Tallinn, Estonia, as a central coordinating office for all activities in the Baltics. Building on its success, Shipco Transport expanded in 2005, opening offices in Riga, Latvia,
Fragmented logistics networks often require businesses to work with multiple providers, leading to inconsistent standards, limited visibility, communication challenges, and scalability constraints. Robert Zorzi, Regional COO – Americas, and Jakob Bluhme, Global CCO – Global Accounts, explain how Shipco unites multiple neutral consolidation providers under the WorldWide Alliance (WWA) and utilizes a dedicated digital platform
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