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Shipping Port Ocean

WEEK 21 MARKET UPDATE

US MOVES TO STOP CHINA PARCEL SHIPMENTS BEARING COUNTERFEIT POSTAL LABELS  U.S. law enforcement authorities have obtained a temporary restraining order barring two logistics companies, one in  New York City and the other in Los Angeles, and their owner from using the U.S. Postal Service to ship packages  containing counterfeit postage. Federal prosecutors last week …

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PORT Week 21

WEEK 20 MARKET UPDATE

STATE OF FREIGHT TAKEAWAYS: FREIGHT CRASH MAY TURN INTO SUDDEN REVIVAL  Four weeks after the April State of Freight webinar, when a raging trade war looked to wreak havoc on freight markets,  the May edition of the monthly series confronted conditions that were getting at least a temporary reprieve because of the 90-day truce agreed …

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Trucking Service_RTW

WEEK 19 MARKET UPDATE

SUEZ CANAL TRIES TO WOO BACK SHIPS ANNOUNCING DISCOUNT FOR LARGE BOXSHIPS  The Suez Canal Authority is offering incentives and discounts of 15 percent of the transit fees for containerships with a  net tonnage of 130,000 tons and above. The offer begins on Thursday, May 15, and ships can take advantage of it  transiting either …

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PORT OF HOUSTON_RTW

WEEK 18 MARKET UPDATE

DHL CUTS TIES WITH CARGO AIRLINES AS EFFICIENCY INITIATIVE RAMPS UP  DHL’s recent cancellation of transport partnerships with third-party airlines supporting its courier and freight forwarding  networks is part of a new cost improvement campaign that helped the Express division achieve first-quarter operating  profit despite lower shipment volume and rising trade volatility. DHL Express’ operating …

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Port West Coast

WEEK 17 MARKET UPDATE

TRUMP MANDATES ENGLISH FOR TRUCKERS, IMPORT DELAYS EXPECTED THIS WEEK  In a significant development for the trucking industry, President Trump is set to sign an executive order requiring all  truck drivers in the United States to demonstrate proficiency in English.This move is hailed as a step toward improving  safety in the transportation sector but is …

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Port _ Logistics

WEEK 16 MARKET UPDATE

FEDEX BEGINS ITS FIRST DIRECT SINGAPORE-US AIR CARGO SERVICE  FedEx Corp. has introduced its first direct flight from Singapore to its regional hub in Anchorage, Alaska. The first direct  connection for FedEx from Singapore to the United States is tailored to support shippers of heavier, palletized cargo  rather than its express parcel network. The integrated …

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