Canada border officers reach deal with govt, ending ‘major disruption’ to supply chain
A work-to-rule strike by thousands of Canada Border Services Agency employees ended late Friday after their unions reached a tentative agreement with the Canadian government, capping a day of agonizing delays for truckers.
Global demand isn’t booming. So why are shipping rates this high?
There is no COVID-era surge in global cargo demand. There’s a lengthy albeit temporary spike in congestion compounded by a localized, stimulus-and-savings-driven demand boom in America.
That explanation for skyrocketing rates gained more traction Friday when liner giant Maersk released details of its quarterly performance.
Maersk — which pre-reported record Q2 2021 results on Monday — estimated that global container shipping demand was up only 2.7% in the second quarter versus the same period two years ago, prior to the pandemic.
FMC seeks details on congestion surcharge practices from 8 ocean carriers
Eight ocean carriers are being asked to provide information on their use of congestion surcharges to the Federal Maritime Commission’s Bureau of Enforcement as the agency seeks to ensure the companies are levying the fees in a legal manner, according to a Wednesday announcement from the agency.
China Typhoons Pose Latest Supply Chain Threat as Ports Shut
Extreme weather in China is becoming the latest challenge to global supply chains, as a heavy typhoon season threatens to further delay goods stuck at some of the world’s busiest container ports.