Canada’s transport regulator has introduced a new bill that would give the government more authority to monitor port activity and address rail issues faster.
Growing uncertainty over demand levels and falling rates is making longer-term traditional air freight block space agreements unattractive.
While a stabilization of rates on the trades out of India was always in the cards, the speed at which the market turned has caught carriers off guard, says the head of the country’s container shipping lobby group.
Developing green ocean trade lanes will become increasingly complex as the number of stakeholders increases and cooperation deepens across the value chain.
Plunging imports from Asia in October, normally one of the busiest months of the year, signals a continued “flattening” of eastbound trans-Pacific demand in the coming months, according to Ben Hackett, principal at Hackett Associates.