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Freight update December 2021: latest news and updates on the worldwide supply chain

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The worldwide supply chain is constantly changing. This year, there has been a global capacity crunch with prices rising and ongoing container shortages persisting. These monthly updates will share some of the latest freight forwarding news, so we can keep you abreast of the situation. 

Zim Kingston: a cautionary taleNewspaper34507935_s-1

Zim Kingston lost more than 100 boxes overboard. This is just another example of why it is prudent to have freight insurance when shipping. If your container goes overboard or general average is declared, you could have very high out-of-pocket expenses without insurance.

Read more about Zim Kingston here and, as the search for the containers continues, here.

Read more about cargo insurance here.

Exorbitant ocean rates & need for speed give air cargo an edge

The spread between ocean and air freight prices has narrowed considerably despite strong seller’s market. Read more.

Will shipping containers ever change?

While cargo carriers have gotten bigger over the years, shipping containers have remained virtually unchanged since the late 60’s/early 70s. The industry has only made a few attempts to innovate...will shipping boxes ever change? Read more.

Port of Montreal sets late 2026 as new target date for Contrecoeur terminal

The Contrecoeur container terminal, 25 miles downstream from the Port of Montreal, (Canada’s second-largest maritime gateway) will be the port’s sixth container terminal. A newly revised tentative timeline has the terminal operational by late 2026 (versus 2025). Read more.  

Truckers warn vaccine mandates will disrupt supply chains

Coming this January to Canadian drivers, with rules already in place for U.S. drivers to submit to vaccination or weekly testing, truckers are warning these mandates will impact supply chains. Read more.

With half a century of international shipping and freight forwarding experience, Cole is your full-service freight partner. We’ll help you navigate this challenging time—contact us today!

Learn more about our Freight Forwarding Services. 

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