In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Plus: Trump eyes Panama Canal takeback, US imports surge 12.3% YoY, Hyzon plans liquidation, and more.
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
Israeli ship in Indian Ocean targeted by suspected Iranian drone amid regional tensions and ongoing conflict with Hamas.
A suspected Iranian drone attacked an Israeli-owned container ship in the Indian Ocean amid the ongoing conflict with Hamas in the Gaza Strip, according to U.S. defense officials. The attack occurred as a temporary ceasefire has enabled a prisoner swap between Israel and Hamas, with 13 Israelis and seven foreigners exchanged for 39 Palestinians. The CMA CGM Symi, managed by Singapore-based Eastern Pacific Shipping, sustained damage but the crew remained unharmed. This incident is part of a series of attacks and hostilities in the region, reflecting the tense geopolitical climate and the escalation of a shadow war between Israel and Iran.
Breaking #Israeli-owned container ship reportedly hit by an #Iranian suicide drone in the Indian Ocean, following the recent hijacking of a partly-Israeli owned ship by Houthi rebels in the Red Sea. pic.twitter.com/KBE7RHpCo7
— Aimen Jamil (@jamil_aimen) November 25, 2023
Source: AP News
Shipping groups urge governments to intervene as Houthi attacks claim more lives and send freight rates soaring. Second vessel sinks in Red Sea.
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.
Container rates hit new highs, causing shipper worry. With tender rejections in LA hitting 2-year highs, FreightWaves' Craig Fuller is "bullish" on 2H recovery.
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.
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