UPDATE: via The American Prospect Negotiations loom between the dockworkers union and shipping companies making record profits. In December 2021, the top ten publicly listed shipping companies were on track to earn a record $115 billion in profits. Maersk, the world’s second-largest shipping company, posted its most profitable quarter in 117 years in November 2021….
Driver and equipment shortages rank as the top concerns for transportation in 2022. Prices are expected to rise through the summer due to worldwide supply and demand concerns.
The Journal of Commerce (JOC) provides an in-depth quarterly report into the US intermodal market to facilitate conversations between shippers and logistics companies about transportation modal decisions. The JOC Intermodal Savings Index — the Spot Index and the Contract Index — measures how much an average shipper should anticipate saving on the rail versus over-the-road…
An update from Sunset’s International Director Liberty Baugher regarding Chinese New Year: As many of you may know, Chinese New Year begins next week! This is a 7-day public holiday starting 01/31 – 02/06 in China. Chinese New Year (CNY) is an annual occurrence that has a substantial impact on the global freight market. Production in…
Shippers be advised: Chinese New Year starts 02/1/2022 and is expected to put further pressure on port congestion and strain on goods that have not yet made it past the customs and port bottlenecks.
UPDATE: via The Load Star Forwarders are shifting volumes to congested-Shanghai to avoid landside delays, despite carrier schedules so far unaffected by the newest Covid-disruption at Ningbo. Ningbo-Zhoushan Port has repeatedly fallen victim to China’s tough Covid restrictions over the past six months, with the latest lockdown taking place in Ningbo’s Beilun district, which borders three of the port’s…
Warehouse open capacity is at a historical low, driving two areas of focus; automation and modification to current operations. Shifting resources and budget, along with streamlining or eliminating services offered at site will be key to growth.
Fuel prices are expected to continue to rise dramatically through the end of year, with early drops in U.S. temperatures compared to recent history. Demand has been rising faster than supply, resulting in higher prices exacerbated by industry driver shortages. Consumer purchasing has spiked ahead of the holiday season, impacting several goods including turkeys, pumpkin, chip-reliant electronics, and more.
Sunset is proud to announce our partnership with Armada. Read the press release to learn more.
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