Freight updates July 27, 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. 

Amazon cancels or delays plans for at least 16 warehouses this year

Amazon scales back their warehouse footprint in the face of e-commerce slowing down. Read about the plans here.

Taking a peek at peak freight season: congestion, chaos, fewer containers

Speculation on what peak shipping season will look like for 2022 in light of rising inflation and a possible recession. Learn more.

Weekly decline in DOE/ EIA diesel price largest since 2014

The latest drop in price on July 18 saw the price go down to 37.8 cents per gallon from June 2022's recorded high of $5.81 per gallon. Read more here.

Port of Oakland shut down as trucker protests persist

The Port of Oakland is anticipating operational disruptions as owner-operator-led protests against California's AB5 labour law continue. Read more here.

Rates predicted to stay high despite a muted air cargo peak season

Despite a recent slowdown in demand, transportation rates are expected to stay above pre-pandemic levels for the foreseeable future. Read more.

About the Freight Forwarders at Cole International:

At Cole, we’re proud to have been your freight forwarder for more than 60 years. A freight forwarder is 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. Reach out to us today to learn how we can streamline your shipping operations.

Keeping you in the loop. It's what we do.