OSRA-22 Comes into Full Effect and More Supply Chain Industry News
This week: New legislation passed through the House of Representatives hopes to boost US exports by giving carriers berthing preference on vessels loading with a significant cargo of US export containers or who make calls to multiple US ports. Retailers frontloading...
New Asian Import Records Set in May while Chassis Shortage Continues
This week: Small carriers gain ground in the Asia-US Eastbound market against the largest carriers Army corps approves dredging project for the Port of New York and New Jersey US chassis shortage has no immediate end in sight High supply chain costs from 2021 are not...
Largest Shipping Reform Act in 20 Years Signed into Law and More Supply Chain Industry News
This week: President Biden signs the Ocean Shipping Reform Act 2022, the most significant shipping reform act to become law in more than 20 years Trans-Atlantic shipping schedule delays expected to continue through 2022 and into next year South Korean ocean carrier...
Shipper Losses Since 2020 Estimated in the Billions and More Supply Chain Industry News
This week: Estimates from the Sea-Intelligence Maritime Analysis show that since 2020, shippers have lost as much as $10 billion due to supply chain congestion and port delays Maersk announces plans for new reefer cold-storage facility in Dayton, New Jersey Blank...