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News
What’s happening in the world affects your business. We find out the latest news and updates and share it with you here and in our weekly industry update newsletter.
Omicron: What to Know About Air Freight and Ocean Cargo
While it seems container shipping rates are finally starting to ease up—Drewry’s World Container composite index decreased by 1.5 percent week-over-week to $9,050.77 per 40-foot container and well off peak levels north of $10,000 in September—supply chain concerns continue to cloud ocean and air freight as the holiday season heats up.
12.06.2021
It’s official: 96 container ships are waiting to dock at SoCal ports
There were 40 container ships waiting for berths within 40 miles of the ports of Los Angeles and Long Beach on Friday. But there were also 56 container ships waiting farther out to sea, putting the actual tally at an all-time-high of 96, according to new data from the Marine Exchange of Southern California. The Marine Exchange has just unveiled its new methodology for counting container ships waiting outside the 40-mile “in port” zone.
12.06.2021
Retreat From Globalization Adds to Inflation Risks
WASHINGTON—While supply-chain disruptions, labor shortages and fiscal stimulus have all been blamed for the rise in short-term inflation, another long-term force could also be at work: “deglobalization.” Economists and policy makers have long argued that globalization helped to lower prices. As trade barriers fell, domestic companies were forced to compete with cheaper imports.
12.06.2021