Hong Kong has announced the formation of the Hong Kong Maritime and Port Development Board, an evolution of the former Hong Kong Maritime and Port Board. This strategic move aims to solidify Hong Kong’s reputation as a premier international maritime center. Hong Kong Chief Executive John Lee outlined several initiatives designed to propel Hong Kong […]
The air cargo industry is capitalizing on an extended peak season as e-commerce demand intensifies competition for aircraft space, setting the stage for a robust finish. According to logistics experts, this surge in activity, which began nine months ago, is likely to extend well into the first quarter of 2025—a period typically marked by a […]
North American railroads experienced a significant increase in domestic container traffic in the third quarter, with nearly 2.17 million units transported as demand in Southern California saw a notable rise. This 6% year-over-year growth in intermodal volumes surpasses the projections made by the Journal of Commerce, which estimated between 2.09 to 2.15 million containers for […]
The labor atmosphere at the Port of Montreal has tensed up as CUPE Local 375, representing the port’s longshore workers, announced a decision to halt all overtime work starting from 7 a.m. ET on October 10, for an indefinite period. This decision comes amidst ongoing negotiations, which, according to the union, have been sluggish due […]
As we traverse the first half of 2024, a notable gap emerges between the actual demand for cross-border air cargo services and earlier projections for the year, sparking discussions on the potential trajectory of this surge as we approach the bustling peak season starting mid-September. Driven by an unwavering enthusiasm for e-commerce and marred by […]
The ongoing conflict involving Yemen’s Houthi forces has led to persistent disruptions in the Red Sea, significantly impacting global shipping routes crucial for the chemical industry. Al Greenwood, a seasoned chemicals expert and deputy editor at ICIS, sheds light on how these disturbances are reshaping logistics and shipping costs, particularly affecting Europe and Asia. ICIS, […]
While most of Florida’s ports have resumed normal operations after the onslaught of Hurricane Milton, Port Tampa Bay remains an exception. As of Friday, the port is still non-operational due to ongoing power outages. Despite avoiding major flooding, the disruption has left the port inactive, with officials working diligently to restore functionality. Port Tampa Bay […]
In the bustling freight corridors between the US and Mexico, a surprising trend has emerged: despite a surge in overall freight volumes, intermodal rail performance is not keeping pace. The latest data from the Intermodal Association of North America (IANA) reveals that cross-border intermodal rail volumes decreased by 8.5% year-over-year in the first eight months […]
After just three days of negotiations, a potentially devastating strike at key ports along the East and Gulf Coasts of the United States was averted, resulting in what appears to be minimal economic disruption. The strike began early on a Tuesday but was swiftly resolved by Friday, as the International Longshoremen’s Association (ILA), which represents […]
In the bustling trade corridor between Mexico and the United States, a surprising trend has emerged: intermodal transport is underperforming despite a booming market. While news reports highlight an increasing volume of freight crossing the border, intermodal rail volumes tell a different story. According to the Intermodal Association of North America’s (IANA) data, there has […]
