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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

The Francis Scott Key Bridge in Baltimore being struck by the Dali and collapsing is an unpredictable disruption to the supply chains of several industries including automobiles, coal, and agricultural machinery. Coal industry: The Port of Baltimore is the largest coal port in the country, handling about 20 million tons of coal per year.

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April 2, 2024 Update

Freightos

Judah Levine April 2, 2024 Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $3,628/FEU. Asia-US East Coast prices(FBX03 Weekly) were level at $5,291/FEU. Asia-Mediterranean prices(FBX13 Weekly) increased 17% to $5,307/FEU.

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March 27, 2024 Update

Freightos

Judah Levine Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 12% to $3,728/FEU. Asia-US East Coast prices(FBX03 Weekly) fell 10% to $5,284/FEU. Asia-Mediterranean prices(FBX13 Weekly) increased 9% to $4,532/FEU. Europe prices(FBX11 Weekly) fell 18% to $3,189/FEU.

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April 9, 2024 Update

Freightos

Judah Levine April 9, 2024 Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 9% to $3,294/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 19% to $4,309/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 19% to $4,316/FEU. Ocean rates from Asia to N. Prices to N.

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Parcel Volumes Decline But Revenue Increases for FedEx and UPS

Intelligent Audit

The omicron variant, high inflation, a surge in energy prices, COVID-19 lockdowns in Asia, and geopolitical uncertainty contributed to the average daily parcel volume declines. For example, AxleHire recently announced it had expanded into Washington DC and Baltimore, giving it a presence in three of the five most populous East Coast cities.

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Greg Javor: “Our mission is to inspire and nurture the human spirit”

Supply Chain Movement

Javor has just returned to headquarters in the US with additional responsibility for China & Asia Pacific and the CPG channel along with EMEA. My first job was a warehouse supervisor trainee for a public warehouse (nowadays a 3PL), in Baltimore, Maryland. He also feels it his mission to nurture and develop talent from within.

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This Week in Logistics News (September 3 – 9)

Logistics Viewpoints

Earlier this week, the company warned officials in Maryland that it plans to close two delivery stations next month in Hanover and Essex, near Baltimore, that employ more than 300 people. A container shipped from Asia to Europe costs $9,000, 42% less than at the start of the year.