Page 21 - Daniel Maffei News Today : Breaking News, Live Updates & Top Stories | Vimarsana

by Tyler Durden By Greg Miller of Freight Waves, Spot ocean container rates are up triple digits year on year, ergo they must be near their peak. They’re so high they don’t have much more room to run. So goes a common belief in the container market, despite the fact that this premise has already been proven wrong, and that container rates could theoretically have a lot more room to run if the upper limit is defined the same way it is in non-containerized shipping. One leading freight-forwarder executive told American Shipper in August 2020 after the initial spike, “I do not think there ...

Container spot rates are in uncharted territory. If demand continues to outpace supply, there’s little to stop them from ascending further.

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Share: The U.S. agriculture industry is pressuring the Department of Transportation for immediate intervention in foreign-owned carriers' denial of U.S. ag exports in favor of sending back empty containers to be filled with Chinese exports.  In a letter sent to Secretary Pete Buttigieg on Monday that was shared with American Shipper, almost 300 agriculture and forest product companies demanded the secretary intervene to protect U.S. exporters.  "We are hopeful the secretary will act upon this urgent request soon, as the situation is becoming increasingly dire," said Peter Friedmann, executi...

Update on Freight and Logistics Appointments and Departures Who is Heading Where Along the Supply Chain WORLDWIDE – SWITZERLAND – The International Air Transport Association (IATA) announced that Willie Walsh has officially taken on the role of Director General of the organisation. He succeeds Alexandre de Juniac. Walsh was confirmed as IATA’s 8th Director General by the 76th IATA Annual General Meeting on 24 November 2020. He joins IATA after a 40-year career in the airline industry. Walsh retired from the International Airlines Group (IAG) in September 2020 after serving as its CEO si...