Freight updates June 15, 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.
Can supply chain decision-making be automated?
Decision intelligence is a relatively new term in the supply chain. It's still an evolving field that includes simple decisions such as shifting a load to another carrier because the lane price has exceeded a preset threshold, to more complex decisions such as moving production when a factory shuts down. Read more.
US import demand is dropping off a cliff
Inbound container volumes to the US are reverting to pre-pandemic levels. Read more.
B.C. at the bottom of global port efficiency index
World Bank Group’s second annual container port performance report ranks West Coast North America ports as least efficient. Read more.
Cathay Pacific increases freighter capacity as HK air cargo bounces back
With more Covid restrictions easing in Hong Kong, Cathay Pacific is ramping up its freighter flights and focusing on sea-air cargo. Read more.
Maritime official wants more control over ocean carrier contracting
The U.S. Federal Maritime Commission has had unprecedented support from Congress and the White House for holding the container shipping industry accountable to its customers, but the agency’s top official says more oversight is needed. Read more.
Creating a strong relationship between LTL carrier and shipper
Geoff Muessig is the executive vice president and chief marketing officer at LTL carrier Pitt Ohio. He joined podcast host John Kingston to share his perspectives on how a shipper using the services of an LTL carrier can work with that company to provide greater efficiency and cost savings that filter down to the customer. Listen now.
About Cole International’s Freight Forwarder 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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