Ocean Freight Rates Between Asia and US Surge by 140%, Affecting Pricing and Availability
The global ocean freight industry is currently facing significant disruptions, leading to increased costs and limited availability. These challenges are primarily due to complications in key transit routes such as the Red Sea and the Panama Canal, which have captured the attention of numerous sectors. In particular, freight rates for shipments from Asia to the […]
View from the Captain’s Chair | H1 2024
Greetings, and a Happy New Year to all! Here at TCC, we’re breathing a sigh of relief to have 2023 behind us. Reflecting on the past year, it felt like a drawn-out journey back to normalcy. We saw sale prices, volumes, and margins squeezed under the pressures of sluggish demand and bloated inventories. Moreover, with […]
Logistics Report: Railways in Mexico Facing Congestion, Emergency Shipments Strain Truck Capacity
In the continuous realm of overseeing shipments across various distances, the spotlight is on both truckload shipments and rail logistics at the start of the year. Persistent challenges in global ocean freight, coupled with prolonged lead times, have led to an increase in emergency and last-minute shipments from domestic warehouses or production sites to address […]
The United States, Global Community Focus on Reshoring
Although understanding the significance of shortening supply chains and reshoring wasn’t contingent on a global pandemic, it certainly accelerated the timeline for these initiatives. Businesses, of all shapes and sizes, have deliberated on internal reshoring strategies. This encompasses sourcing raw materials and goods closer to their final destinations, as well as the establishment of new, […]
Ongoing Concerns Revolve around the Red Sea and International Ocean Freight
Shippers worldwide are closely observing the developments in the Red Sea as container lines endeavor to adapt their shipments with a focus on safety, cost- effectiveness, and efficiency. There is a surge in spot container rates for shipments to and from various destinations that is posing a challenge for container lines grappling with extended lead […]
