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This Week in Logistics News (April 24 – 30)

Logistics Viewpoints

And now on to this week’s logistics news. The US, Norway, and Britain joined forces with companies including Amazon and Nestle to launch a project aimed at protecting the world’s tropical forests. The distribution hub will be operated by XPO Logistics Supply Chain, which has already started hiring.

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An Update from Sharm El-Sheikh on Decarbonisation of Transport

The Logistics & Supply Chain Management Society

Other aviation commitments include ensuring effectiveness of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), promoting the development and deployment of sustainable aviation fuels (SAF), and capacity building. In the works is a global maritime taxation system targeting bunkers. About the Author.

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December 19, 2023 Update

Freightos

More Resources Home December 19, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices were level at $5.86/kg

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China Exports Rebound Even as Western Markets Face Lockdown

Logistics Bureau

China says almost all of its major industrial companies have resumed production and that its ports are again running at near-full capacity after a two-month Coronavirus-linked shutdown. When it comes to air freight, global capacity is down 22 percent compared to last year, with further declines expected. Ocean Freight.

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The Great Maersk Shift

Freightos

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Freight Game of Thrones.

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Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. Together with ZIM, these carriers represent five of the top ten largest carriers and 56% of global capacity. Oil tankers have also begun avoiding the Red Sea.

Freight 247
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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

If the attacks continue, this crisis could trigger inflation due to higher global freight and insurance rates, along with supply chain disruptions. #5 based manufacturer and marketer of home appliances, is keeping a vigilant eye on logistics issues in the Red Sea, the Suez Canal, and the broader region.