article thumbnail

February 7, 2024 Update

Freightos

America weekly prices increased 14% to $6.06/kg America weekly prices increased 4% to $2.06/kg. America ocean rates increased 7% to the West Coast last week, past $4K/FEU and 4% to the East Coast to the $6k/FEU level. America air cargo rates climbed 14% last week to $6.06/kg, kg China – N. Europe – N.

article thumbnail

This Week in Logistics News (February 4 – 10)

Logistics Viewpoints

Worst January US Intermodal in 10 years Our thoughts and prayers are with those in Turkey and Syria impacted by the recent earthquakes. McCormick & Co stated in its fourth-quarter earnings call that it intends to cut 10% of its supply chain workforce in the Americas as part of a cost-reduction program meant to save $75 million in 2023.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Will Climate Change Impact Supply Chains in 2024?

Resilinc

With record-breaking wildfires scorching millions of acres in North America—particularly in Canada, where over 42 million acres were burned in 2023 —the impact on logistics, transportation networks, and overall business operations has the potential to be significant.

article thumbnail

Profiles in Leadership: Volodymyr Zelensky

Enterra Insights

141 countries condemned the invasion; only North Korea, Syria, Eritrea, and Belarus — dictatorships all — voted with Moscow. I’m hoping the world steps up in the aftermath of the Ukraine conflict in the same way America stepped up with the Marshall Plan following the Second World War. At the U.N.,

Ukraine 130
article thumbnail

Is Your Supply Chain Prepared for War?

Enterra Insights

Recently, Russia’s President Vladimir Putin attended military exercises in the east of the country involving China and other allies such as Syria and India. ” Brookings analysts ask, “Is it really possible that America could face the possibility of civil war in the near future? Unthinkable? 9] Thomas E.