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February 7, 2024 Update

Freightos

Disruptions to ocean freight has led to some shift to air cargo as reflected in increased air volumes on some lanes recently. America air cargo rates climbed 14% last week to $6.06/kg, Air cargo demand should also ease as LNY begins and Red Sea-driven air demand should subside as well as ocean operations continue to stabilize.

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Turkey Earthquake: Key Industries, Exports, and Sites Impacted

Resilinc

In total 15 countries were affected including Syria (which also declared a state of emergency), Cyprus, Lebanon, Jourdan, Palestine, Egypt, Southern Cyprus, Turkish Republic of Northern Cyprus (TRNC), Iran, Iraq, Saudi Arabia, Georgia, Russia, Azerbaijan, and Armenia. BP Azerbaijan, the Azeri unit of BP Plc.,

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This Week in Logistics News (April 13 – 19)

Logistics Viewpoints

cargo imports in May could hit highest level since last October Transloading is heating up again Hundreds of cargo ships lost propulsion in U.S. The April 5 incident is one of hundreds in which massive cargo ships lost propulsion, many near bridges and ports, according to a Washington Post analysis of Coast Guard records.