Sourcing shift away from China by the west is happening – but slowly
The hastened fracturing of China-US relations is prompting a very real move away from the ...
Now it’s the US hauliers feeling the pinch. As the US market normally gears up about now for the September rush, high inventory levels and “sluggish economic growth” are leading to weak volumes. One company expects earnings to be halved this quarter, citing rising driver pay and pressure on rates, while the CASS freight index for rail and road was down 5.8% on the previous year. Interesting, but slightly depressing article from WSJ.
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B: China, Brazil strike deal to ditch dollar for trade
Forwarding M&A round-up: plenty of action making smaller headlines
ONE becomes joint-owner of Seaspan Corp in $11bn takeover
Some ocean trades stabilising, but transatlantic rates still falling
DB Schenker sale – storm clouds gathering
Maersk 'on a journey' as it snaps up frozen foods logistics specialist
Another rail strike in Germany to add to European freight troubles
Maersk says posted data is not current and not from attack by hackers
Older freighters look set for the scrap heap as capacity oversupply looms
Shippers reject carriers' opposition to ending anti-trust rules
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