Freight updates October 19, 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. 

The latest supply chain crisis could threaten global stash of food and energy

The barge industry is currently mired in crisis as water levels on the Mississippi River are at the lowest they've been in more than a decade. Read more here.

Mexico replaces Canada as No. 1 U.S. trade partner in August

Mexico ranked as the U.S.'s top trading partner in August, accounting for $70.3 billion in cross-border commerce and ranking Port Loredo as the second busiest international port that month. Read more here.

TikTok plans foray into fulfillment, promising a "better e-commerce experience"

TikTok is recruiting managers in the U.S. to set up a fulfillment operation to serve the global economy. Read more here.

Airfreight rates to stay above pre-COVID levels despite muted peak

Governor Newsom invests $1.2 billion in California's supply chain

Focused on long-term supply chain improvements, the California State Transportation Agency issued guidelines and a call for projects for the unprecedented $1.2 billion in one-time state funding for port and freight infrastructure projects. Read more here. 

About Cole International’s Freight Forwarding Services:

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.