Latest News
November 27, 2023
Biden Administration Announces Massive Logistics Plan
The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships (source: FreightWaves).
READ MORE >November 20, 2023
US East Coast Ports See Imports Turn West
The US west coast ports of Los Angeles and Long Beach reported strong import container throughput in October, as some holiday season cargo owners shied away from routing via the east coast gateways (source: the Loadstar).
READ MORE >November 17, 2023
Panama Canal Crisis Detours US Farm Exports Through Suez
As a record-setting drought throttles transits through the Panama Canal, most of the focus has been on higher-capacity ships: the container vessels, liquefied natural gas carriers and liquefied petroleum gas carriers that use the larger Neopanamax locks. But there’s another shipping…
READ MORE >November 9, 2023
Suez Canal to Raise Transit Fees by 15% in 2024
The Suez Canal Authority has said it will raise the toll for oil tankers and other large vessels passing through the waterway by 15% effective Jan. 15 (source: Reuters/NASDAQ).
READ MORE >November 7, 2023
$653 Million Earmarked for US Port Development
The US Department of Transportation’s Maritime Administration (MARAD) has announced over $653m to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (source: Splash 247).
READ MORE >October 24, 2023
Striking St. Lawrence Seaway Workers, Management Back to Negotiations
Canada's federal government has instructed workers and management in the St. Lawrence Seaway strike to sit down with a mediator this Friday and hash out their differences, as groups ranging from grain farmers to steelmakers feel the squeeze. The job…
READ MORE >October 16, 2023
Airfreight Optimism Tempered by Growth Prospects
Newfound optimism in the airfreight market is tempered by the fact that growth has more to do with normal seasonal patterns than a fundamental shift in demand. The market is essentially flat versus an anemic final stretch in 2022, according…
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