Cosco is warning customers of port congestion in Germany, Netherlands, and Belgium. The container carrier has introduced a fee per container, which will apply to sailings to and from Hamburg, Bremerhaven, Wilhelmshaven, Rotterdam, and Antwerp. “The current handling situation in the ports and the availability of infrastructure are leading to considerable restrictions,” Cosco said, adding
May. Imports were up 5.6% from last year, though this increase was smaller than in the previous three months. In May, 1.93 million TEUs were handled, 1% more than in April and the highest volume of U.S. imports in 21 months. However, this was -15.5% below May 2021. McCown pointed out that May is usually
A group of U.S. manufacturers, distributors, retailers, and trade organizations is urging the Biden administration to help resume stalled contract negotiations between the International Longshoremen’s Association (ILA) and maritime employers. The current six-year contract between the union representing 45,000 dockworkers on the U.S. East and Gulf coasts and the United States Maritime Alliance (USMX) expires
According to the “State of Logistics” report by the Council of Supply Chain Management Professionals (CSCMP), U.S. logistics costs dropped 11% in 2023 to $2.4 trillion. Despite the reduction, U.S. business spending on logistics is still high, following a 22.4% increase in 2021 and a nearly 20% rise in 2022. Many logistics companies recognize supply
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
ARE YOU READY FOR ICS2?DON’T WORRY, WE GOT YOU! As of today March 1st, phase two of the Import Control System 2 (ICS2) goes into effect. As such, all air shipments to, or via, the European Union + Norway and Switzerland must be cleared for departure ahead of loading onto the aircraft. This will allow
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.
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