FedEx has announced plans to restructure its air network, with a goal of reducing costs by $700 million annually. The company plans to achieve this by downgrading to surface transportation where possible, outsourcing more flights, implementing more direct routes and streamlining ancillary support functions like maintenance. FedEx will also invest less in its own aircraft […]
The ongoing geopolitical tensions between China and the United States are causing the global shipping industry to become increasingly bifurcated, with fleets and cargo flows cleaving into two. While some countries are attempting to remain neutral and trade with both sides, others are joining either the Western or Eastern trade blocs. This trend is particularly […]
The petition filed by GDLSK LLP is aimed at addressing the issue of unfair trade practices in the U.S. steel shelving industry. The petition requests that the United States Department of Commerce conduct an investigation to determine if boltless steel shelving units prepackaged for sale from India, Malaysia, Taiwan, Thailand, and Vietnam are being sold […]
Despite falling spot container freight indexes and low import demand, the industry is not behaving like it is facing an imminent crisis. Rates paid by liner companies to charter container ships are now increasing, while the duration of charters is rising. The number of idle container ships has decreased, and liner companies continue to buy […]
The Bureau of Industry and Security (BIS) Office of Export Enforcement has issued a memo on April 18, 2023, regarding the consequences of parties who fail to report “significant” possible violations of the Export Administration Regulations (EAR) through a Voluntary Self Disclosure (VSD). The memo serves as a reminder to companies about the benefits of […]
On April 10, the Customs and Border Protection (CBP) released a guidance document that provides customs brokers with best practices on how to prepare for and respond to a cyber-attack. This new resource from CBP is aimed at helping customs brokers prevent, respond to, and recover from potential cyber-attacks on their data systems. The guidance […]
Despite the fact that spot container freight indexes are still falling, and cargo shippers are signing annual contracts at sharply lower rates than last year, the container shipping industry is not behaving like an industry facing an imminent crisis. Charter rates paid by liner companies to charter container ships are no longer bottoming out but […]
Due to labor issues, the terminals at the Port of Los Angeles and the Port of Long Beach were closed starting Thursday evening, causing disruptions for logistics providers and missed truck appointments ahead of Easter weekend. Several stakeholders, including ports, trucking groups, shipping lines, and terminal operators, reported widespread terminal closures that continued throughout Friday. […]
Geopolitical tensions are affecting the global shipping industry, causing a split in shipping fleets and cargo flows. This is particularly evident in the tanker market, where different types of tankers are being used for different purposes by different groups. This has led to a bifurcation in the market, with some tankers transacting in U.S. dollars […]
Maersk Air Cargo, a subsidiary of A.P. Moller-Maersk, has announced that it has launched its first routes connecting the United States and China. The cargo airline will offer twice-weekly freighter service between Greenville-Spartanburg International Airport in South Carolina and Shenyang Taoxian International Airport, as well as between Chicago Rockford International Airport and Hangzhou. Miami-based Amerijet […]
