Freight updates May 31, 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. 

Military supply crises pose unique challenges

Supply crunches have a serious impact on military operations and global conflicts. Read more.

Biden’s burdens grow: Sagging global economy adds to US woes

President Joe Biden is facing a new risk at home for the economy and his Democratic Party. Read more.

Israeli company confirms Cargojet deal for Boeing 777 cargo conversions

Israel Aircraft Industries announced that it will structurally modify four Boeing 777-300 passenger jets to carry heavy cargo on the top deck for Canadian all-cargo carrier Cargojet. Read more.

What's driving ocean container freight pricing?

“Why are freight rates not falling faster?” is a common question among shippers. Read more.

Good news for consumers and bad news for trucking companies 

According to Bank of America’s (BoA’s) biweekly survey of shippers, trucking freight rates are set for an even larger pullback. This is bad news for trucking companies but good news on the inflation front. Read more.

Scania and Einride accelerate electric road freight

The Swedish freight technology company Einride will begin the rollout of 110 Scania trucks starting in the second half of 2022. Read more.

About Cole International’s Freight Forwarding Services:

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. Contact us today to learn how Cole can streamline your shipping operations.

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