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Containerized shipping joins modern financial world with CME futures

Freightos

Which brings us to international freight. The cost of importing a 40’ container from China to the United States West Coast grew 1,000% from $1,800 in 2019 to over $20,000 in September 2021 according to our Freightos Baltic Index (FBX). It’s challenging to get fixed prices for global freight. Until today.

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5 Immediate Impacts of the Ocean Shipping Reform Act of 2022

The Logistics & Supply Chain Management Society

5 Immediate Impacts of the Ocean Shipping Reform Act of 2022 By Nat Josef Just when it seemed like bipartisanship was going the way of the dinosaurs, Congress recently came together to pass the Ocean Shipping Reform Act of 2022, which President Biden signed into law on June 16th. Amy Klobuchar (D-Minn.) and John Thune (R-S.D.)

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We Are In Trouble. Raise the Red Flag. Be Proactive.

Supply Chain Shaman

China is at 74%, the United States tracks at 73%, Australia at 70%, and India at 42%. In Los Angeles, due to the trade deficit between the United States and China, 3.5 containers are received rom China for every container shipped. Labor shortages abound for road freight. Making the Argument. Price Increases.

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Lingering Port Congestion with Paul Brashier

The Logistics of Logistics

Paul Brashier and Joe Lynch discuss lingering port congestion and other issues causing shipping delays. Joining ITS Logistics in 2015, Brashier created and elevated the drayage and intermodal division to #11 in the United States to over $300 million in revenue. Tusk save Shippers 40% or more on small parcel shipping.

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2023 Q1 Freight Market Update

Zipline Logistics

What a whirlwind the 2022 Freight Market was – we saw inflation, fuel prices, and freight rates hit record highs. Disruptions across the Chinese manufacturing sector are likely to impact the global supply chain of goods and the world’s economy. . Freight Market . Economic Factors . Inflation . Russian-Ukraine War .

Freight 74
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What are Freight Management Services?

Supply Chain Game Changer

What’s the Difference Between Freight Management and Logistics Management? Freight Management services article and permission to publish here provided by Saheer Gurjot. According to Steele’s Transportation Group , freight management services help companies more efficiently move freight from one point to an end destination.

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Supply Chain Normalcy? Think Again.

Supply Chain Shaman

As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. United States Inflation Rates and GDP Inflation is the highest in forty years. The average brand owner outsources 28-35% of manufacturing, but most coordinate using only spreadsheets and email.