Freight updates August 9, 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. 

Record container ship traffic jam as backlog continues to build

Over 150 ships are stuck in queues off North American ports, up 66% from early June. Read more here. 

Truckers end Port of Oakland protest over AB5 law - for now

Cargo began moving once more at the end of July after a blockade by truckers had paralyzed freight traffic for over a week. Read more here. 

Diesel prices are likely to climb again soon

What is really going on with the price of diesel these days? Read more here. 

Investor group acquires cargo airline Atlas Air for $5.2 billion

Freighter airline Atlas Air announced it is being acquired by investor funds led by Apollo Global Management in an all-cash deal valuing the company at $5.2 billion and taking it private. Read more here.

Halifax airport opens new air cargo logistics park

The new air cargo logistics park will be Atlantic Canada's largest air cargo processing facility. Read more here.

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.

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