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,
Global shipping lines announced major changes ahead of February’s alliance reshuffling. Hapag-Lloyd’s exit from THE Alliance has brought about the formation of the ‘Premier Alliance’, partnering Ocean Network Express (ONE), HMM, and Yang Ming. Leaving its 2M agreement with Maersk, MSC will largely operate standalone services. The carrier plans to run five East-West trades with
Shippers are advised to secure space and create contingency plans due to anticipated air cargo capacity shortages from key Asian markets during the peak season. According to a Xeneta and Tiaca webinar, dynamic load factors from Asia Pacific to Europe were 86% and 88% to North America in July, which is atypically high for this
The upcoming contract season brings uncertainty for shippers. Maersk and Hapag-Lloyd are leaving their current alliances, 2M and THE Alliance, in February to form the Gemini Cooperation. The shakeup in ocean alliances will likely impact contract negotiations, says James Hookham, director of the Global Shippers Forum. Shippers are undecided over which alliance to utilize for
The Port of Long Beach is expanding its rail yard in a $1.5 billion project called “America’s Green Gateway”. The project will triple the port’s rail cargo capacity, connecting it to 30 major rail hubs across the U.S. By improving rail operations and decreasing reliance on cargo trucks, the expansion aims to reduce environmental impacts,
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