Maritime consultancy Drewry reported that carriers have added 1 million TEUs of new containership capacity to trades originating out of Asia in the first four months of 2024. However, congestion at ports in Asia and U.S. Businesses Spend $2.4 Trillion on Logistics ATA Reports 3.6% Rise in Truck Tonnage for May Small Forwarders Focus on
Political tensions between the U.S. and China are contributing to lower container shipments between the world’s two largest economies, on top of an already-underway reshaping of global trade, according to a major shipping industry boss. “We are seeing a de-leveraging of trade between the U.S. and China,” Jeremy Nixon, chief executive officer of Ocean Network
Stephen Lyons, the White House’s supply chain envoy involved in the talks between West Coast unions and employers, expressed optimism that a tentative deal is within reach. “The reflections I’m getting from both sides are positive, meaning we should see tentative agreements soon,” Lyons, a retired Army general, said in an email on May 10.
Global supply chains are still dealing with a turbulent and difficult operating environment. A softening in the demand for imports is expected for major economies in the coming months. Spending capacities in Europe and in the U.S. have weakened. In China, strict COVID restrictions spanning the country’s key ports continue to have a ripple effect
Shipco Transport © 1997 – 2024. All Rights Reserved