US CBP sees 90% fall in revenue last month; airfreight sees ecomm slide
February may have been the month in which the US suspended its de minimis exemption ...
News of redundancies is starting to filter in: Freightos was forced to make some 50 staff redundant, about 20% of its workforce, reports JOC. Head of marketing Eytan Buchman said on LinkedIn: “Freightos is very much live and kicking, though (we’re seeing close to record search and new buyer volumes). We just know that, going forward, this will likely be tough and we’re trying to be responsible and as up front as possible for long-term success. Difficult times for everyone ...
European port congestion now at five-to-six days, and getting worse
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