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Logistics News

• Transit times from China to USA in Improving

  A 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 August

  It 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 Surrey

  To 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 Q2

  Target 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 Europe

  As 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 July

  The 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 chains

  On 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
• CMA CGM Air Cargo Scheduled Flights from HKG to CDG

  CMA CGM AIR CARGO,delivering at the highest level. This new operational and commercial arm specialized in air freight transportation complements all the solutions we already provide for our customers, enabling us to support their entire transportation and logistics chain.

  Logistics News August 23, 2022
• Top 25 Air Cargo Carriers (IATA) in 2021

  The top 25 global air cargo carriers are newly released. Source: IATA 2021 World Air Transport Statistics. FedEx has once again topped IATA's cargo rankings.

  Logistics News August 22, 2022