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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 250
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This Week in Logistics News (February 18 – 24)

Logistics Viewpoints

” And now on to this week’s logistics news. Gretchen McCarthy, Target’s chief global supply chain & logistics officer, said Target has to keep up with customer expectations — namely getting online purchases conveniently and quickly. The expansion will also grow Target’s workforce.

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The Impending Ocean Carrier War on Last Mile Fulfillment

Freightos

The ”end” they refer to – whether it’s forwarding, fulfillment, or platforms for B2B or B2C sales – remains fairly ambiguous, spanning an acquisition of fashion logistics company HUUB in September 2021 to an investment in rapid fashion production company Unmade. Accelerating the shift. Image via StarAir.dk). Enter Big Tech.

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Logistics Hubs as Drivers of Innovation

MIT Supply Chain

A European initiative aims to foster collaboration between companies in logistics clusters. Pictured is the Grupo Carreras facility in the PLAZA logistics park near Zaragoza, Spain. The EC is providing some €18 million (about $23 million) of funding for a single large project on pan-European logistics applications.

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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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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.

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This Week in Logistics News (August 29 -September 2, 2016)

Talking Logistics

With a holiday weekend upon us, let’s go straight to the supply chain and logistics news that caught my attention this week: Retailers Seek U.S. Robinson Expands Global Network, Acquires APC Logistics. Online freight marketplace Freightos acquires Spain’s WebCargoNet (TechCrunch). China, Canada, Spain and elsewhere.