Tonnage in April Drops 3.4% Year-Over-Year Truck tonnage in April fell on both an annual and month-to-month basis as freight activity remains slow, American Trucking Associations said May 23. Tonnage slumped 3.4% last month to 112.7 when measured against the same period a year ago, and dipped 1.7% compared with March results, according to ATA’s […]
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South Korea expands container shipping links to Russia South Korea has again widened container shipping links with Russia, the port of Donghae starting a container liner service linking it with far-eastern ports. Feeder operator Dong Young Shipping will extend its shuttle service between Busan and Vladivostok to include a call at Donghae, on the eastern […]
Weak demand and rising capacity drive air freight prices lower After a modest bounce during March, global air freight prices resumed their downward trend in April. According to TAC Index, a leading price reporting agency for the sector, the overall Baltic Air Freight Index (BAI00) dipped a further 0.8% during the week to 1 May, […]
Manufacturing industry performance holds largely stable in April While the manufacturing industry saw only modest gains in production levels and customer demand compared to March, the industry may be on its slow way back to economic growth, according to two national economic indices. The Institute for Supply Management’s Report on Business posted a Purchasing Managers’ […]
Influx of capacity brings a ‘new era’ for air cargo markets New capacity in the passenger and freighter market is changing the parameters of air cargo this year. Different aircraft entering the market will alter the balance, according to Frank Ziesemer, CEO of Strike Aviation. But he said these changes had not been thought through, […]
‘Subpar’ trade growth in store for 2023: WTO The pace of trade will likely remain sluggish in 2023 as volumes are weighed down by inflationary pressures and the war in Ukraine, according to the World Trade Organization. Global trade volume in 2022 came in below estimates at 2.7% growth, well below 2021’s figure of 9.4%. […]
FDA expects COVID-related shortages to normalize this year The FDA’s medical device shortage page as of December 2022 listed 16 supply disruptions that were forecast to last for the duration of the COVID-19 public health emergency. With the U.S. government set to end the public health emergency in May, the regulator has revised its forecasts […]
Container Volumes Fall at Most US Ports A combination of the Lunar New Year, ongoing labor negotiations and concern about a slowing global economy resulted in the Port of Los Angeles seeing a 43% year-over-year drop in container cargo in February. The port processed 487,846 20-foot-equivalent containers, down from last year’s 857,764. “February declines were exacerbated by […]
February still busy for Georgia Ports despite year-over-year, sequential dips Despite the headwinds of inflation, rising interest rates and high warehouse inventories, the Georgia Ports Authority said it had its second-busiest February ever. February container volumes totaled nearly 395,000 twenty-foot equivalent units, down from 460,400 TEUs in February 2022 but still 30,400 TEUs higher than […]
Despite big gains in New York, Los Angeles remained top port in 2022 For a brief moment last year, the Port of New York and New Jersey made waves with a single stat: It had become the largest port in the United States, dethroning the long-standing volume leader, the Port of Los Angeles. Though the […]