News
Stay Up to Date with the latest Laufer and Industry News.
FMC Reports Jump in Charge Complaints Against Common Carriers
The U.S. Federal Maritime Commission is reporting a strong rise in charge complaints as shippers respond positively to the Ocean Shipping Reform Act of 2022. This comes as the FMC continues to take steps to define the processes and fulfill the mandate from the U.S. Congress requiring key milestones in…
Dec 02, 2022
Senate Votes 80-15 to Pass Bill Blocking Nationwide Railroad Strike
The Senate voted to intervene to prevent a nationwide strike by railroad workers while rejecting a proposal to give them expanded paid sick leave, with lawmakers saying they reluctantly heeded President Biden’s call to resolve the long-running labor dispute. In an 80-15 vote, with one senator voting present,
Dec 02, 2022
Air Cargo Demand Beginning to Nosedive
The International Air Transport Association (IATA) released data Wednesday for October global air cargo markets that showed strong headwinds continuing to affect demand. Global demand fell 13.6 percent compared to October 2021, while capacity was down 0.6 percent. This was the first year-on-year contraction since April,
Dec 02, 2022
As ocean freight issues subside, inland freight rears its head
While still well above pre-pandemic levels, ocean freight rates have come down significantly from their pandemic peak. Average spot rates hit $2,404 per container last week, a number 77% lower than the peak reached in Sept. 2021. That’s 36% lower than the five-year average, but still 82% higher than the…
Dec 02, 2022