Since 2020, a pandemic-fueled supply crunch, Russia’s war with Ukraine, and a deepening rift in the U.S.-China trade relationship have hammered home the idea that the world needs more resilient trade networks.
January 3, 2023Search
Showing 10 of 130 results
Shipping Insurers Back Off of Russia-Ukraine Trade
A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.
December 28, 2022Shippers Decry ‘Notoriously Difficult’ Railroads at Hearing
Shippers urged the U.S. railroad regulator to create more competition in the industry during hearings in which Union Pacific Corp. was called to explain a spike in service restrictions.
December 13, 2022Global Trade Surges to $32 Trillion Record in 2022, U.N. Says
The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a U.N. report that signaled a slowdown heading into 2023.
December 13, 2022Consumers Enjoy Tentative Relief as Supply Chains Unclog
The supply backlogs of the past two years — and the delays, shortages and outrageous prices that came with them — have improved dramatically since summer.
December 7, 2022Savannah Port Terminal to Get $410 Million Upgrade Amid Big Growth
The Port of Savannah plans a $410 million overhaul of one of its sprawling terminals to make room for loading and unloading larger ships while focusing its business almost exclusively on cargo shipped in containers.
December 5, 2022Shipping Prices Fall in Inventory Glut, Upping Broker Deals
U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted as inventory gluts across the U.S. lowered demand.
November 28, 2022A Clouded Outlook for Global Freight
Describing global supply chains as “volatile†for the last two years is an understatement. Glimmers of hope are emerging, but anxiety grows over whether freight volumes can maintain traction amid high inflation and economic uncertainty.
November 4, 2022Truckers Win Over BNSF in Case Regarding Illinois Biometrics Law
In what is believed to be the first jury verdict related to Illinois’ strict biometrics privacy law, a $228 million judgment has been entered against BNSF Railway in a class-action lawsuit over the railroad’s collection of fingerprint data.
October 17, 2022Labor Leaders Optimistic Over Port Contract Talks
With negotiations expected to begin soon between the 22,000-member International Longshore and Warehouse Union and the Pacific Maritime Association, ILWU leaders are expressing confidence that the two sides will reach an agreement — without an interruption in work — before the June 30 deadline for the current contract expiration.
April 13, 2022