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...forwarder Forto....
...As is now traditional at Trade Secrets during times of supply chain turmoil, I went to the mountaintop to consult Ryan Petersen, chief executive of the freight forwarder and logistics company Flexport, who...
...The re-routings and the Panama Canal delays have created the most severe disruption to international supply chains since the Covid-19 pandemic and raised the costs of moving goods by sea to the highest levels...
...As Marco Forgione, director-general of the Institute of Export & International Trade, pointed out, for SMEs an additional £145 per consignment “might mean their entire profit being wiped out completely”....
...While Chinese officials have called the concerns “entirely paranoia”, it’s worth noting that many of the world’s ports, freight carriers and forwarders, as well as some terminals in the US, use a Chinese...
...Freight forwarders, factories, manufacturers and retailers worldwide are rejigging logistics to manage the biggest interruption to trade since the Covid pandemic led to congested ports around the world....
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...We guess the message of this post is that despite the deglobalisation freight train, the world is still an interconnected place....
...It’s not surprising that the shipping industry and international traders have learnt to absorb shocks without noticeable effects on world trade and inflation....
...“Although shipments from countries like China might be safe, the freight costs have increased . . . it’s a very bad thing for China.”...
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...A recent report by the Bank for International Settlements has explored this issue in depth....
...A US-led international coalition to provide security for freight is gaining momentum. Meanwhile water levels in the Panama Canal have improved slightly....
...Putin claimed Russia’s 2023 growth was “founded foremost on domestic consumer and investment demand”, which he said included record spending on construction as well as industry, agriculture, tourism, and freight...
...A more substantive concern is if the attacks kick off a series of assaults on shipping elsewhere, and that may depend on the robustness of the US-led international response to the Houthis....
...governments and international creditors to transform a railway operator struggling with €11bn in accumulated debt....
...CSX, one of the biggest freight railroad companies on the east coast, said customers should expect delays due to the bridge collapse, adding that all international intermodal shipments destined for Baltimore...
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...One thing: upward pressure on freight rates on the China-US west coast routes may be easing....
...But he risks antagonising the freight forwarders who handle cargo for smaller retailers and group it together to help fill containers....
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