Throughout the US logistics industry, we’ve seen prices slide from their 2022 peaks, with various sectors feeling the impact. Ocean carriers and truckload operators led the way, followed by air cargo carriers, LTL providers, and even parcel rates. Surprisingly, warehousing rates have remained immune to the market’s weakening conditions, maintaining their lofty levels. The primary […]
The Bureau of Industry and Security (BIS), a division of the United States Commerce Department, has introduced significant regulatory updates in two Federal Register Notices published on October 25. These updates pertain to interim final rules (IFR) for the export controls on Semiconductor Manufacturing Items (SME IFR) and the Implementation of Additional Export Controls on […]
Sonoco ThermoSafe, a specialist in temperature-controlled packaging, has introduced innovative temperature-controlled container designs that have significantly enhanced clinical trials and pharmaceutical shipments across the Asia Pacific region. With countries such as China, Japan, South Korea, and India being prominent players in sourcing pharmaceutical ingredients for drug development and manufacturing, the demand for clinical trials has […]
Etihad Cargo, the cargo and logistics division of Etihad Airways, has bolstered its cool chain capabilities in the United States through an expanded partnership with Worldwide Flight Services (WFS), a member of the SATS Group. This collaboration ensures Etihad Cargo customers can enjoy seamless end-to-end cargo services encompassing the carrier’s PharmaLife and FreshForward products, alongside […]
The National Customs Brokers & Forwarders Association of America (NCBFAA) has commended Federal Maritime Commission (FMC) Commissioner Carl Bentzel and the Commission’s staff for their outstanding work over the past two years in shedding light on issues related to data availability, cargo, and container visibility, and the imperative for enhanced data exchange and accuracy. As […]
During a meeting on October 19, Hors Classe Adviser of the European Commission, Henrik Hololei, expressed the European Union’s strong support for Kazakhstan’s vision to emerge as a pivotal transportation and logistics hub. This endorsement was relayed by the ministry’s press service following discussions with Kazakh Deputy Foreign Minister, Nazira Nurbayeva. Hololei underscored the EU’s […]
In a move mirroring its main competitor, FedEx, which unveiled its 2024 rate adjustments in late August, UPS, the global freight transportation and logistics provider headquartered in Atlanta, has now announced its rate changes for 2024. The new UPS rates are scheduled to take effect from December 26, 2024. According to UPS officials, these rate […]
Recent findings from Tradeshift reveal a significant drop in transaction volumes within global supply chains during Q3, marking the sharpest decline in 18 months. With over one million businesses relying on Tradeshift’s business commerce network to facilitate the exchange of invoicing and purchase order information for trade transactions across global supply chains, the company’s Q3 […]
The United States and Europe are bracing for a one-day summit this week, with Trump-era tariffs taking center stage on the agenda. The results of these discussions could have repercussions that extend far beyond mere trade, as geopolitical considerations come into play for both nations. President Biden will play host to European Commission Chief Ursula […]
In-Depth Analysis of the Global Tank Container Logistics Market: Current Landscape and Future Predictions The Latest market study on the Global Tank Container Logistics Market offers a comprehensive look into the present market dynamics within the global tank container logistics sector. Our study also unveils predictions from survey respondents, all of whom are influential decision-makers […]
