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Container shipping rates have surged nearly 30 percent as ships continue to be diverted from the Red Sea due to attacks by Iran-backed Houthi rebels. Container shipping rates have surged nearly 30 percent as ships continue to be diverted from the Red Sea due to attacks by Iran-backed Houthi rebels. to about 1% now.
How Shanghai’s lockdown is dampening Port of Oakland volumes. Shipping companies added capacity, but now containers are stuck in port. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. And now on this week’s logistics news.
Amazon announces new changes to inventory limits. USDA funding supports Port of Oakland pop-up container yard. It includes free shipping of online purchases, free grocery deliveries to the home for orders of at least $35, prescription discounts and other benefits. Canada’s Walmart tries ring scanners.
Walmart’s new, high-tech consolidation center will improve inventory flow. However, since shipping spare parts between European countries could be more costly in the future, the company is trying to move as much of this inventory now as it can.
Hanjin Shipping recently filed for bankruptcy , and a number of its ships pulled into port last week, after a lot of delays and uncertainty. Hanjin is the world’s seventh-largest commercial shipping company, and it’s struggling to find the money to unload its ships. area, especially on eastbound lanes.
While the labor strikes are over, fears of continued unrest are leading some shipping companies to avoid West Coast ports. percent increase in total volumes for the two Southern California ports combined—not the surge in profits expected from the peak shipping season. The Port of Oakland, on the other hand, posted an increase of 8.7
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