News

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Expedited drayage, airfreight helps Sovos tackle ocean congestion

Congestion and raw material constraints have Sovos taking greater control over its supply chain. Beyond relying more on airfreight --which has become a common method for shippers to ensure goods are delivered faster — the company is also establishing more manufacturing in the U.S. to avoid potential shipping disruptions.

May 20, 2022

SCFI snaps losing streak

The Shanghai Containerized Freight Index (SCFI) – a key spot metric for box shipping – snapped its 19-week losing streak today, with many analysts now suggesting the peak season, combined with Shanghai’s reopening, could see rates roar back.

May 20, 2022

Report: Chaotic peak shipping season ahead

Half of logistics industry pros surveyed say supply chain disruptions, congestion, and high costs will be worse this year than in 2021.

May 20, 2022

American Stores Have Too Much of the Wrong Stuff

Consumers, rejoice. This could be the year of clearances and deals. Retailers reporting earnings this week have seen a surge of inventory as they found themselves carrying too much stuff that consumers no longer want so much of, including basic apparel, home appliances and furniture. Ahead of last holiday season,…

May 20, 2022

Peak Season Container Shipping ‘Chaos’ Ahead, Survey Says

May 19, 2022
This year’s summer peak season cargo surge will be even more chaotic for global supply chains than in 2021, according to forwarders, traders and shippers surveyed by Container xChange, a marketplace and technology infrastructure provider for container logistics companies.
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Shipping Bottlenecks Hit Port of New York and New Jersey

May 19, 2022
The cargo surge swamping U.S. ports for almost two years is starting to overwhelm the Port of New York and New Jersey. A backup of container ships waiting outside the East Coast’s busiest port last week reached an average of 14 vessels a day, the highest it has been since the Covid-19 pandemic began battering supply chains. Port officials are talking to ocean carriers, truckers and warehouses to ease the logjams amid expectations of a stronger rush of shipments in summer as the peak shipping season begins, said Rick Cotton, executive director of the Port Authority of New York and New Jersey.
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