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Panama Canal Expansion Boosts Freight in an Unexpected Place

DAT Solutions

The Panama Canal opened a new lane for larger ships this week, and East Coast ports have been expanding efforts to attract Asian imports that would otherwise arrive on the West Coast. Expansion at the Panama Canal, pictured above, has led to a business boom in South Carolina. Photo by Stan Shebs. ” The rates are also trending up.

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Supply Chain by the Numbers for November 2, 2023

Supply Chain Digest

Panama Canel Running Dry. US Manufacturing Down Yet again. Litttle Known Carrier Makes Offer to Buy Yellow Freight Assets. Amazon more Services than Product

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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer. Colorado also adopted the rule but will have a heavy duty truck provision begin in 2027. But industry voices have noted concerns.

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November U.S. Logistics Manager’s Index- Noteworthy Trending

Supply Chain Matters

Ongoing Panama Canal Disruption Report authors made specific mention of the ongoing Panama Canal disruption brought about by declining water basin levels brought about by months of drought. The canal disruption is further noted as having more freight being routed to U.S. West Coast ports, a shifting back to pre- Covid patterns.

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An Update from Sharm El-Sheikh on Decarbonisation of Transport

The Logistics & Supply Chain Management Society

The next step of the ZEV declaration integrates workstreams of the United Nations Framework Convention on Climate Change (UNFCCC) High Level Action Champions (HLAC) with Automotive Manufacturers and The Climate Group’s EV100 to avoid duplication of effort and to pool resources.

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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. Net/Net: The Panama Canal cannot handle the largest ships, and moving a vessel through the Panama canal increases the cost of a container by approximately $8,000.

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Supply Chain Matters News Capsule Follow-Up

Supply Chain Matters

Moeller Maersk in conjunction with the reporting of Q3 quarterly financial performance announcing that the company will cut more than 10,000 jobs amid a current surplus of shipping vessels, sharply lower freight rates and contracting levels of shipping demand.