🚀 Boeing’s latest outlook reveals that e-commerce is fueling the rapid growth of express cargo, which could outpace general cargo by a stunning 33% by 2043. What does this mean for global trade?
How To Ship Luxury Goods
💎🚚 Luxury Cargo on the Move! Shipping high-value items like jewelry, rare artworks, or high-end vehicles requires specialized care, precision, and security. 🌍✨ Whether importing or exporting, mastering the logistics is key to ensuring your valuable goods arrive safely.
Importing Tea Into The U.S.
Importing tea into the U.S. is a great opportunity, with over 159 million Americans drinking it daily. However, navigating customs regulations and documentation is essential for avoiding delays or losses.
LNG Freight Rates Plunging
LNG freight rates for the Atlantic and Pacific basins have plunged to the lowest levels for October, with Friday’s rates dropping $20,750 and $36,000 daily—down 87% in the Atlantic and 78% in the Pacific since 2019!
What Is Multimodal Transport?
When shipping cargo internationally, it can be very beneficial to understand what is multimodal transport. Multimodal transport uses various modes of transportation to move cargo from the origin to the final destination.
CBP Enforcing Cargo Descriptions
🚨 Attention shippers! The CBP (U.S. Customs and Border Protection) is cracking down on vague and noncompliant cargo descriptions for imports by implementing cargo messages.
ILA Port Strike Ends
The ILA port strike has ended after days of protests by 45,000 dockworkers from key East and Gulf Coast ports. With their contract expired and months of stalled negotiations on wages and automation, the walkouts severely impacted international shipping.
East Coast Port Protest Continuing
The ILA dockworkers have gone on strike at East and Gulf Coast ports as of October 1st, after negotiations with the U.S. Maritime Alliance stalled. They’re fighting for fair wages and protections against port automation, which threatens their jobs. As the strike continues, the impact on shipping and various industries is growing.
Ports Preparing For ILA Protests
Ports are preparing for a potential strike by ILA workers on October 1st which could disrupt U.S. ports after failed talks with the U.S. Maritime Alliance. With over 40% of imports at risk, the strike could cost $5 billion daily and cause delays.
Strike Lowering Spot Rates
With the ILA’s potential strike looming on October 1st, shipping spot rates are dropping for East Coast ports. The union plans to halt operations after their contract expires on September 30th, pushing for higher wages, better pensions, and opposing port automation.