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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S.

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November 15, 2023 Update

Freightos

More Resources Home November 15, 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 decreased 3% to $5.56/kg

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

Resilinc

This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs. Increased Shipping Rates from Red Sea Crisis The Red Sea crisis is expected to keep freight rates elevated through at least February.​

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Interoceanic Passages

Abivin

These routes are typically found connecting important marketplaces with active commercial trade systems, such as Western Europe, North America, and East Asia. In reality, appointment and price systems must be used to control capacity for interoceanic canals like the Panama and Suez. Potential for closure or interruption.

Panama 52
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Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. Lastly, air freight has been increasing rapidly over the past decade - a trend I suspect will continue.

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More Challenges for the Transportation Network: Day 2 of the SCRC Meeting

Supply Chain View from the Field

For example, the widening of the Panama Canal will change the conditions here in North Carolina, as enormous container ships will be circumnavigating the globe. And in Panama a huge transshipment area will grow where they will will do break bulk, put cargo onto smaller ships and send to North America.