According to Allianz Global Investors, demand for trade finance has been accelerating since the Covid-crisis triggered widespread supply chain delays and disruption, noting “a higher level of working capital is required to operate in today’s environment”. Allianz added: “Broad-based inflatio...
CLOSE
Logistic-News
NEWSPAPER / MAGAZINE / PUBLISHER
News
Truckload spot prices sink below contract rates as market feels the brakes
The decline in spot pricing appears to have eased, having sunk below contract rates. The US Bank Freight Payment Index for the second quarter, released today, shows growth overall in the truckload market, with shipment volumes up 2.3% from the first quarter. This came after two consecut...
Angry shippers kept in the dark by CMA CGM over Vanda cargo
One Bangladeshi freight forwarder wrote in desperation asking if we could trace his container, while a cargo owner called the carrier to ask when his box would arrive, was asked: “How long is a piece of string”. Gary Payne, of UK-based Bahn International, a shipper with cargo on board APL ...
Barge users face major surcharges as water levels drop across North Europe
Government-imposed draught limitations on the Kaub Gauge, in the Middle Rhine, alongside predicted low water levels – potentially down to 41cm – have resulted in Contargo imposing surcharges of between €201 to €589 ($206-$604) per 20ft box, depending on the water depth, and €259 to €775 ...
Container glut pushes down second-hand prices, but carriers still ordering new
But carriers, such as Evergreen, continue to order more. Yesterday, Hamburg-based consultancy Container xChange said container over-building was a knee-jerk reaction to logistical bottlenecks, resulting from the Covid-19 pandemic. CEO Christian Roeloffs said: “The current situation of oversupply o...
Logistics errors cost pharma sector $35bn a year – smarter data could help
However, these staggering losses are almost entirely preventable, according to Mahesh Verina, president and CEO of ParkourSC, a provider of supply chain insights and intelligence software. To do the job, pharma supply chains must become ‘more digital and agile’ – with the help of technology, h...
Lufthansa Cargo sets itself ambitious targets as it moves towards 'net zero'
The cargo operator is working with science-based reduction targets of greenhouse gas emissions to bring its CO₂ emissions into line with the United Nations’ Paris Climate Agreement. The airline said science-based targets only accept emission reductions that are the result of fuel consumption red...
Trade blockages ease, but recession seems to be looming, say economists
The easing of lockdowns in China has caused an increase in throughput at the country’s ports, some of which have seen volume recovery above 30% compared with mid-March baseline, according to FourKites’ latest findings. But it is not all good news, as Tradeshift’s survey findings add to a mount...
UK ports call for expansion of freeport initiative to boost 'levelling-up'
In February, the government launched its Levelling-up white paper – which aims to set out a “complete system change of government works that will be implemented to level-up the UK” – following the creation of a Department for Levelling-up, Housing and Communities. Peel Ports CEO Claudio Veri...
US imports continue to flood in, but more still arriving at east coast ports
According to the latest McCown Report, throughput at the top ten US container ports reached 2,164,789 teu last month, after a 3% gain in May and a 5.1% increase in April. This represented a huge, 26.9%, increase on the pre-pandemic levels of June 2019, evidence of the nation’s insatiable appetite ...