Logistics Viewpoints
JANUARY 26, 2024
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. Several cargo vessels were struck by missiles or drones during the past week. Cargo theft incidents were up more than 57 percent in 2023 compared with the year prior, according to CargoNet, a Verisk company.
Logistics Viewpoints
MARCH 29, 2024
In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long mile-long span. The collapse sent vehicles and people plunging into the water.
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Logistics Viewpoints
APRIL 10, 2024
The port handles about 11 million tons of cargo per year, including automobiles, containers, coal, and farm products. The port closure also creates congestion and delays at other ports and transportation modes, such as rail and truck, that must handle the diverted cargo.
Logistics Viewpoints
FEBRUARY 18, 2022
What Berglund is referring to is the advantage that shipping lines hold for negotiations with cargo shippers for 2022 and beyond. Xeneta currently puts the Asia-West Coast spot rate at just under $10,000 per FEU, with some cargoes paying additional priority shipment fees of $1,400-$7,500. By October, it was up to $6,000-$6,500 per FEU.
Logistics Viewpoints
FEBRUARY 16, 2024
New York City officials plan to turn six waterfront locations into maritime shipping hubs as a way to handle the booming number of e-commerce deliveries across the five boroughs. Details of the initiative were published on Friday through a request for proposals by the city Economic Development Corporation.
Logistics Viewpoints
JUNE 17, 2022
This week, UPS unveiled a battery-powered, four-wheeled cycle to more efficiently haul cargo in some of the world’s most congested streets and to reduce its carbon footprint. UPS said a trial run is focused on New York City and in several cities in Europe. The company is trying to reach carbon neutrality by 2050.
Logistics Viewpoints
APRIL 7, 2023
Following an expansion across New England earlier this year, Stop & Shop is adding the Flashfood program to more than 60 of its stores across Long Island, New York City, Westchester County and the Hudson Valley. Unfortunately, the market for counterfeit goods, especially on online marketplaces, continues to grow.
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