Cost Hinders U.S. Supply Chain Reshoring

Cost Hinders U.S. Supply Chain Reshoring

With reshoring decisions dictated by costs and logistics factors, U.S. manufacturers are unlikely to shift manufacturing operations out of East Asia in 2023, separate reports indicate. “The ultimate extent of how much production will be reshored or moved closer to...
New Year Brings New Challenges for the Container Market

New Year Brings New Challenges for the Container Market

Drewry’s WCI Asia-North Europe index recorded a 10% increase in the spot rate reading from pre-Christmas levels yet, export demand to North Europe ahead of the Chinese Lunar New Year (CNY) remains dampened and that is expected to continue post-holiday. Lars Jensen,...
Pricing discipline’ to temper US LTL rate relief in 2023

Pricing discipline’ to temper US LTL rate relief in 2023

The big picture: The past two years have been called a “golden age” for US less-than-truckload (LTL) operators, but shippers would describe the period — marked by double-digit percentage rate increases, service disruptions, and labor shortages — in less favorable...
New Mega Ships Deployed in 2023

New Mega Ships Deployed in 2023

THE Alliance members Hapag-Lloyd, Ocean Network Express, HMM, and Yang Ming have finalized their network plans to deploy larger vessels on the Asia-Europe and trans-Atlantic trades in April 2023. Hapag-Lloyd said a series of new fuel-efficient vessels of 23,500 TEU...
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