Freight updates November 1, 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. 

Freight rates predicted to fall across all modes but one

Transportation costs are predicted to drop across all reported modes in the fourth quarter of 2022, with the exception of ground parcel. Read more here.

Driver shortage still at record high

Chief economist for the American Trucking Association shared that even though the driver shortage has eased slightly, it remains near an all-time high. Read more here. 

Import gateway shift pushes Houston to the top of port congestion league

In an attempt to avoid congestion at major west coast gateways, U.S. importers have clogged up the port at Houston, which now bears the brunt of the problem. Read more here.

Soft market conditions continue in air cargo

Chance of U.S. rail strike grows as second union rejects deal

Members of another railroad union have rejected a tentative labour deal, further raising the odds that America's freight railroad workers will go on strike sometime next month. Read more here. 

About Cole International’s Freight Forwarding Services:

At Cole, we’re proud to have been freight forwarders for more than 60 years. Freight forwarders are at the frontlines of today’s global supply chain challenges. These updates share some of the latest freight news: keeping you abreast of the situation and giving you insight into the complexity freight forwarders are navigating at this time. Contact us today to learn how we can streamline your shipping operations.

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