Logistics News
- ZIM container ship ZIM CHARLESTON fire in containersThe ZIM container ship "ZIM CHARLESTON", near the port of Colombo, Sri Lanka, had a fire in the hold of its cargo containers, damaging about 300 containers.Logistics News August 18, 2022
- Top 14 Global Container Schedule Reliability in 2021Maersk is the most reliable carrier among the top 14 carriers with schedule reliability of 46.4% in 2021, this is followed by Hamburg S眉d with 40.9%....Logistics News August 25, 2022
- Transit times from China to USA in ImprovingA new report from digital freight forwarding platform Shifl shows that container liner companies serving the U.S. trade have been able to improve transit times over the past three months, particularly on routes between China and the U.S. West Coast.Logistics News August 23, 2022
- Port of Los Angeles Expects Imports to Soften in AugustIt is reported that the import volume of the Port of Los Angeles in July did not decrease. But Gene Seroka, executive director of the Port of Los Angeles, said imports may finally start to fall this month.Logistics News August 24, 2022
- Maersk will adjust TP7 by adding Prince Rupert and SurreyTo strengthen the Pacific North-West Coast improve customer experience, Maersk will adjust TP7 schedule by adding Prince Rupert and Surrey direct coverage.Logistics News August 24, 2022
- Target Cancels More Than $1.5 Billion of Orders in Q2Target said it reduced its inventory of non-essential goods throughout the second quarter by canceling more than $1.5 billion in orders and lowering commodity prices.Logistics News August 24, 2022
- China Railway Express has reached 196 cities in EuropeAs of the end of July this year, the China-European train has paved 82 transport routes, reaching 196 cities in 24 European countries.Logistics News August 24, 2022
- U.S. Core CPI Rises Less Than Estimates in JulyThe latest U.S. CPI data was released. The July CPI year-on-year and month-on-month data were both lower than expected, indicating that inflation peaked and fell temporarily. But inflationary pressures remained strong, with the food price index rising 10.9 percent year-on-year, the fastest pace since May 1979. Although the energy price index fell month-on-month, electricity prices rose 1.6%.Logistics News August 23, 2022
- UK's largest port strike poses challenge to supply chainsOn 21 August, more than 1,900 port workers at the UK port of Felixstowe began an eight-day strike over wages that is expected to affect supply chains across Europe.Logistics News August 23, 2022
- Target (TGT) Q2 2022 Earnings: Net Profit Plunges 90%This week, "Target", the second-largest U.S. department store, released its Q2 2022 earnings. The earnings showed that revenue was US$26.037 billion, a year-on-year increase of 3.5%, slightly lower than market expectations; net profit was US$183 million, a year-on-year drop of 90%.Logistics News August 23, 2022