Freight updates April 20, 2022: latest news and updates on the worldwide supply chain
The worldwide supply chain is constantly changing. Now, two years into the pandemic-related global capacity crunch, high prices, delays, and port congestion persist. These updates will share some of the latest freight news, so we can keep you abreast of the situation.
U.S. container ship logjam shifts to East coast ports
Ocean carriers looking to avoid logjams at the U.S.’s busiest container gateways on the West Coast are now facing even longer queues out east. Read more.
Court rejects bid to ban imports from China's Xinjiang region over labor concerns
Activists concerned about forced labor have lost a court bid for a general ban on the Canadian importation of all goods from the Xinjiang region of China. Read more.
‘Our lobsters are gold plated now:’ Atlantic Canada lobster prices soar
Locals and tourists alike could have to shell out more for lobster as prices rise to historic levels. “Prices have been the highest in commercial history,” says Stewart Lamont, managing director of Tangier Lobster Co. Ltd. Read more.
Key logistics index hits all-time high, but market peak may be past
Logistics Managers’ Index reports significant weakening in the market in 2nd half of March. Read more.
Food prices soar to record levels on Ukraine war disruptions
Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the resulting supply disruptions. Read more.
Can accordion-style folding containers unclog crowded ports, distribution centers?
Unlike conventional containers, folding containers can provide shippers with a return on investment, the manufacturer says. Read more.
At Cole, we’re proud to have offered freight forwarding services for more than six decades. Experienced freight forwarding services steward your goods along the smoothest and most efficient path from origin to destination. These updates highlight some of the latest freight news, giving you insight into the complexity of freight forwarding in our current environment. Learn more about our Freight Forwarding Services to see how Cole can streamline your shipping operations.
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