Freight updates May 4, 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.
Cargo ship gets stuck under bridge at port of Hai Phong
A loaded cargo ship became precariously positioned under a new highway bridge in the port serving Hanoi. Watch now.
Globally, 1 in 5 containerships are stuck waiting outside congested ports
The number of containerships waiting outside of congested ports has risen sharply in recent months, with 20% of all containerships trading globally now stuck in backups, according to maritime data intelligence firm Windward. Read more.
The biggest risk to the global economy no one is talking about
Nearly 400 million people in China are under full or partial lockdown as part of China's strict zero-Covid policy. Together they represent 40%, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy. Read more.
Are we facing the end of a pandemic-driven shipping boom?
After the early-pandemic slowdown in 2020, demand for ocean freight soared in 2021, resulting in massive profits for ocean carriers. But we may be nearing the end of the late-pandemic boom. Read more.
Why is flatbed trucking so dangerous?
A steep learning curve, manual labor, hours of tying down loads, bad weather, staying alert for careless passenger vehicles. Several recent deaths are shining a light on the risk involved in flatbed trucking. Read more.
World’s largest inland port becomes latest victim of China’s zero-Covid strategy
Nanjing, the largest inland port in the world, has shuttered much of its operations after a Covid outbreak among its workforce. Read more.
About Cole International’s Freight Forwarder Services
At Cole, we’re proud to have been your freight forwarder for more than 60 years. Freight forwarders are at the frontlines of the global supply chain challenges the world faces today. These blog updates provide you the latest freight news: keeping you connected with the complex issues a freight forwarder is navigating at this time. Learn how we can streamline your shipping operations.
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