Container freight spot market continues to sit below contracted rates
High inflation levels, inventory surpluses and inflated costs of living have hampered appetite for Asian products, resulting in container rates dropping on a weekly basis....
Category : Transportation
India-Pakistan trade and the Crisis in Pakistan — From Floods, Hunger, Inflation To Political Turmoil
But this time, Pakistan suffered terribly. From barely 5 to 6 per cent in 2018, inflation soared to 25 per cent in July 2022. Barring...
JFKIAT Employee Appreciation Day 2022
On August 30, JFKIAT and its business partners held an Employee Appreciation Day celebrating the strength, commitment, and hard work of the T4 Community. The...
1-800-Flowers.com (FLWS) Q4 2022 Earnings Call Transcript
Image source: The Motley Fool. 1-800-Flowers.com (FLWS -3.03%)Q4 2022 Earnings CallSep 01, 2022, 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator...
Jazeera Airways launches cargo service from Gautam Buddha International Airport
Nepal’s second international airport, Gautam Buddha International Airport (GBIA), has marked a significant milestone with the commencement of international cargo services. On August 27, Kuwait-based...
Long-term Shipping Rates Stand Strong, For Now: Xeneta
Long-term ocean freight rates climbed yet again in August, edging up 4.1% month-on-month to stand 121.2% higher than this time last year. The latest global...
Renamed AIT Truckload Solutions Team Aligns Under Parent Company AIT Worldwide Logistics | News
ITASCA, Ill.–(BUSINESS WIRE)–Sep 1, 2022– Global freight forwarder AIT Worldwide Logistics is changing the name of its independent subsidiary, Summit Expedited Logistics, to AIT Truckload...
Gibraltar says heavy fuel yet to be removed from cargo ship
MADRID (AP) — Gibraltar authorities said Friday that 80 percent of the diesel from a damaged and partly sunken bulk carrier ship has been removed...
UK port strike threatens to deepen supply chain woes
LONDON A strike over pay at Britain’s largest container port threatens to spark fresh delays and rising costs for companies and consumers alike, but logistics...
UN: First grain shipment departs Ukraine for war-torn Yemen
CAIRO (AP) — The first vessel carrying grain from Ukraine to conflict-torn Yemen since the war started in Europe departed a Black Sea port on...