Norfolk Southern Adjusts Services Amid Downturn, Biden’s $20 Billion Crane Security Boost, US-Asia Trade Surge, & More
This week: Norfolk Southern Railway is terminating its intermodal services connecting Charleston and Savannah because of low cargo demand. The Biden Administration has unveiled a $20 billion initiative to bring back the making of ship-to-shore cranes in the US....
FMC Ruling, Warehouse Rents Hit Highs Amid Supply Squeeze, & Shifts in Truckload Carrier Capacity
This week: The Federal Maritime Commission’s landmark decision promoting fairness in container transportation. Geopolitical tensions and security concerns lead to major shifts in Red Sea shipping routes. The Panama Canal demonstrates resilience and operational...
6% Drop in Global Ocean Capacity, Coming Import Growth, and More
6% Drop in Global Ocean Capacity Due to Red Sea Diversions The longer ocean transit times around the Cape of Good Hope as vessels continue to avoid the Red Sea have reduced ocean capacity by 6% globally. The extra 10-14 days added to transit times from Asia to Europe...
West Coast Ports Ready for Next Surge, Effects of Suez Canal Diversions, and More
This week: West Coast ports and container terminals see a return to pre-covid container volumes as they process the pre-Lunar New Year rush US container import flows show changes as US shippers order more from Vietnam, India, and other countries Delays and problems...