Archive: March 2024
March 27, 2024
Bridge Collapse May Cost Billions, Disrupt Supply Chains
The collapse of Maryland’s Francis Scott Key Bridge Tuesday after it was struck by a cargo ship continues to block access to the Port of Baltimore and could disrupt shipping flows across the U.S. The Port of Baltimore handled over $80…
READ MORE >March 26, 2024
Baltimore Ships May Divert to New York, New Jersey Ports
East Coast ports including in New York, New Jersey and Virginia are positioned to handle additional ships if the Baltimore bridge collapse leaves terminals there inaccessible, potentially easing impacts on global trade flows (source: AJOT).
READ MORE >March 25, 2024
Indian Customs to Auction Uncleared Export Boxes at Nhava Sheva
India Customs will auction abandoned or long-dwelling consignments at Nhava Sheva in a bid to dispose of export goods left uncleared by cargo interests (source: The Loadstar).
READ MORE >March 21, 2024
Older Fleets Vulnerable to Red Sea Attacks
An analysis by Bloomberg concludes that older ships with untraceable insurance are navigating the Red Sea in the face of Houthi attacks.
READ MORE >March 20, 2024
DOT Confirms Boost in West Coast Container Imports
An increase in timely ocean container import data being supplied by private industry into the U.S. Department of Transportation’s Freight Logistics Optimizations Works (FLOW) initiative confirms what has been predicted since earlier in the year — a boost in U.S. West…
READ MORE >March 15, 2024
‘Piecemeal’ Additions to Cargo Capacity on China-US flights
US airlines are reluctant to resume China routes they suspended during the pandemic, auguring tight capacity to meet e-commerce demand. In response to rampant travel demand, airlines have been adding capacity at a brisk clip. The second half of 2023…
READ MORE >March 12, 2024
US Container Imports Robust in February
February’s U.S. container import volumes decreased 6% from January — a better-than-expected performance as the sector enters its slow season. But other signs point to potential softness in domestic freight in March and April. The 2.14 million twenty-foot equivalent units…
READ MORE >March 8, 2024
Fourteen-Day Strike Announced at Finnish Ports
The Finnish Automotive and Transport Workers' Union (AKT) has announced new strikes for the period from March 11 at 6 am EET to March 25 at 6 am EET. The strikes will mainly affect stevedoring and other port activities (source:…
READ MORE >March 7, 2024
Cargo Thefts Near $700 Million As Supply Shortages Create Dealer Desperation
EMO Trans continues to adapt our vetting processes in the ever changing fight against freight fraud to ensure we provide our customers with the best service options for their needs and to protect their cargo.
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