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...US Customs and Border Protection on Monday closed railway bridges at the cities of Eagle Pass and El Paso, Texas, which respectively rank as the second and fourth busiest freight rail crossings with Mexico...
...Container freight rates on east-west trades have more than doubled in four weeks....
...Biden said the US Army Corps of Engineers would work swiftly to clear the channel and allow the port to reopen to ships....
...Two freight rail companies warned of disruptions to thousands of tonnes of cargo in Mexico this week after operations were blocked or suspended because of a wave of migrants crossing the country to reach...
...Michela Tindera Mmm, so how are they looking to do that?...
...Simply stated, we’re in a freight recession....
...The announcement came shortly after Soroban Capital Partners published a letter it had sent to the board, warning that the freight rail operator — one of the largest in the US — was lagging behind rivals...
...Filing for bankruptcy this month, Party City cited the usual factors troubling US retailers such as higher expenses for freight and labour....
...It introduced a freshwater surcharge in 2020, and in 2021 hired the US Army Corps of Engineers to advise on its water supply programme....
...Commuter rail systems in Chicago, northern Virginia and southern California also said they would suspend their service during a freight rail strike....
...Railroads are obliged by law to transport all freight, including hazardous goods, and the US Department of Transportation considers rail a safer option to move chemicals than highway trucking....
...The boom in online shopping and congestion at ports drove a big increase in air freight during the pandemic, but will the growth continue as shipping problems ease? Watch our new video....
...The lower ocean freight prices have also cut demand for air freight, an expensive alternative for companies hurrying to secure supplies: air rates this September are half what they were this time last year...
...Melissa Dring Mmm. Yes. Mmm. You know, go home and feel upset. Probably. Especially if it’s somebody young. Will ColdwellYeah, that’s what I mean. Like, do they want to stay with you for a while?...
...Naturally, Target cited soaring labour and freight costs. More shockingly, the value retailer showed it does not know what goods consumers want to buy....
...The retailer blamed a combination of higher freight, fuel and labour costs, as well as supply chain disruptions that began with the pandemic....
...On our recent call with Judah Levine, [head of research at global freight booking platform Freightos], he noted inflation is starting to impact consumer demand....
...Like its larger rival Walmart, Target has struggled to pass on higher prices to consumers and has been affected by higher freight, fuel and labour costs, as well as supply chain problems....
...“We did not anticipate that transportation and freight costs would soar the way they have,” echoed Target’s chief executive Brian Cornell....
...The blockage aggravated the supply chain turmoil caused by a pandemic boom for goods and congested ports that have significantly pushed up freight costs....
...Supply-chain disruptions and higher freight and labour costs all weigh on profits. But that is where the similarities end....
...The retailer’s fourth-quarter gross margin rate shrank to 25.7 per cent, down from 26.8 per cent in the same period a year earlier, because of higher freight and merchandising costs and increased pay and...
...Passenger flights to eight countries, including the UK and US, have been banned and air freight services reduced....
...The letter, seen by the Financial Times and first reported by Reuters, was signed by the largest US carriers as well as the air freight arms of two of the biggest logistics groups, UPS and FedEx....
...Freight costs, said Dollar General, had become “a growing headwind”....
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