Article List
- 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
- Walmart Q2 2023 (Q2 FY23) Earnings Revenue of $152.9 BillionWalmart Q2 2023 earnings revenue was $152.9 billion, up 8.4% year-on-year; net profit was $5.147 billion, up 17.9% year-on-year; net profit attributable to listed companies was $5.149 billion, up 20.4% year-on-year.Blog August 19, 2022
- CMA CGM Air Cargo Scheduled Flights from HKG to CDGCMA 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
- Buyer's Consolidation Services | China ذكذكتسئµCompared to multiple LCL (less-than-container load) or FCL (full-container-load) shipments, the consolidation process allows shippers to increase load rates and reduce overall transportation costs. Typically, these consolidation services are handled by freight forwarders, who are also usually licensed NVOCCs.Blog August 22, 2022