U.S. East and Gulf Coast ports reopened Friday, October 4, after a three-day work stoppage. The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) agreed to extend the master contract until January 15, 2025, and will continue negotiating other unresolved matters. Port leaders said minimal disruptions are expected as they work through
According to the International Air Transport Association (IATA), global air cargo demand rose by 11.4% year-over-year (y/y) in August. Cargo capacity grew by 6.2% y/y, driven by a 10.9% rise in international belly capacity. Despite record capacity levels and lower fuel costs, yields rose by 11.7% y/y and is 46% above pre-pandemic levels. Willie Walsh,
The IMO’s recent Meeting of the Environmental Protection Committee (MEPC 82) ended without a clear decision on the Carbon Intensity Index (CII), although there is growing support for a flat fee per tonne of CO2 emitted. Delegates said the current rules unfairly penalize waiting times in ports, a crucial factor to consider for shortsea and
Australia has added stricter security regulations for air cargo originating from Europe and CIS countries. Starting September 26, cargo on passenger planes to Australia is required to only be tendered from shippers with an Established Business Relationship (EBR) with forwarders. Forwarders have voiced their concerns in meeting the new special security directions. The changes will
Thirty-six major U.S. ports are at risk of a standstill from the impending strike by the International Longshoreman Association (ILA). The ILA represents 85,000 workers across the East and Gulf Coasts of the U.S., and the current contract expires on September 30, 2024. Kim Ekstroem, Shipco’s Global COO – Air, discusses the potential fall out
In an industry increasingly driven by technology, Shipco Transport is firmly standing by its people-first philosophy. “For Shipco, our motto is ‘Freight is a people business’”, states Group CEO, Christian Mogelvang. “A people-first approach is key to how we operate.” As an NVOCC, Shipco is an asset-light organization by design, explains Global COO – Commercial,
[CHATHAM, NJ] — Shipco Transport Inc, a neutral NVOCC, has announced the promotion of Christine Solorzano to the role of President USA, Shipco Transport. Formerly the Executive Vice President for the Americas region, Solorzano has over 25 years of experience in logistics operations. “Christine’s career is a testament to her resilience and expertise, and her rise through the ranks
With over 36 years of trusted experience backed by a legacy of stability and reliability, Shipco serves as a steadfast neutral consolidations partner, explains Kim Ekstroem, Global COO – Air. “The forwarding community needs a stable partner to rely on in the neutral space. Our customers can be fully secure in doing business with us,
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
Shipco Transport © 1997 – 2024. All Rights Reserved