📉 Trucking Stocks Tank
Plus: Tesla to build an electric semi-truck corridor, FMCSA approves TIA's petition for freight broker training, and Arrive Logistics releases a freight market update.
Explore the significant shift in global shipping as severe drought conditions in the Panama Canal compel dry bulk vessels, especially those carrying U.S. grain, to reroute through the Suez Canal.
Maersk slashes 10,000 jobs amidst a downturn in global trade and excess shipping capacity, marking a strategic reset for the industry.
Panama Canal faces its direst drought, impacting global shipping. As slots drop and delays rise, West Coast ports poised to reclaim dominance.
Despite earlier concerns, U.S. container imports are on the rise, surpassing pre-COVID figures.
Panama Canal faces climate-induced droughts, leading to ship congestion & high transit fees, impacting global trade ahead of the holiday season.
An innovative wind-propelled cargo ship begins its journey, promising a greener future for maritime transport, though economic challenges loom.
Panama Canal faces an escalating backlog, pushing shippers to diversify and costs to rise. The world watches as resolutions unfold.
As blanked sailings persist in Asia-Europe trade, U.S. importers absorb rising costs, with spot rates up 61% to $2,075 per container.
Q2 2023 saw a historic 27% drop in Northeast regional shipments YoY, worse than the 2020 pandemic period, as per a U.S. Bank index.
The FMC investigates MSC over alleged overcharges exceeding $2m in demurrage and detention fees, following claims of unfair shipping practices during the pandemic.
As worker expectations soar, shippers, exemplified by UPS, are navigating the fine balance between employee satisfaction and market competitiveness.
Panama Canal delays causing major U.S. trade disruptions. Rising costs & supply chain challenges are anticipated.
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