A ship full of Porsches, Bentleys and Lamborghinis catches fire and sinks in the Atlantic. A container vessel ignites and goes down off Sri Lanka. In a sequel to the Even Given accident in the Suez Canal, another Evergreen ship runs aground, this time in Chesapeake Bay. More containers full of goods topple off ships and vanish into the Pacific. Ships stuck in the queue off Southern California drag anchor in a storm and allegedly damage an oil pipeline.
It’s dangerous out there on the high seas.
TEMPE, Ariz. — Six months after restructuring and emerging from bankruptcy in a stronger financial position, Latin American airline Avianca announced this week it plans to add up to four aircraft to its freighter fleet as part of a broad growth strategy.
Colombia-based Avianca said Monday it will lease two Airbus A330-300 passenger aircraft, converted to carry containers on the main deck, from CDB Aviation. Officials said they are in negotiations to acquire two more freighters from the Irish...
https://www.freightwaves.com/news/avianca-uses-bankruptcy-exit-to-fuel-cargo-busines
There are many byways and highways in the flow of trade. Unfortunately, “zero-COVID” restrictions and lockdowns have either backed up these access ramps or clogged up the roads. That’s the obvious impact.
But there is a multitude of undercurrents within the flow of trade that influence capacity and productivity. In a first-of-its-kind logistics and maritime data project, CNBC debuted its Supply Chain Heat Map, where all facets of the supply chain are tracked to highlight these undercurrents.
Th...
https://www.freightwaves.com/news/freightwaves-sonar-supply-chain-heat-map-cnbc
Gulf Coast ports continue to see strong import volumes of steel, plywood, home goods and passenger vehicles, and exports of petroleum and crude oil.
Port Houston reports busiest April on recordPort Houston reported a surge in container volumes in April, handling a total of 334,493 twenty-foot equivalent units for the month.
It was a 21% year-over-year increase compared to the same month in 2021. Year-to-date container volume at Port Houston surpassed 1.2 million TEUs in April.
Roger Guenther, Port...
https://www.freightwaves.com/news/gulf-coast-ports-april-cargo-volumes-boosted-by-imports
Jaxport on Monday celebrated the completion of the deepening of 11 miles of the federal shipping channel to 47 feet.
The St. Johns River shipping channel from Mayport Naval Station to Jacksonville, Florida’s, Blount Island had been 40 feet deep.
Port authority officials were joined by local, state and federal leaders as well as representatives of the U.S. Army Corps of Engineers Jacksonville District in a ribbon-cutting Monday.
“Florida’s seaports are economic drivers for our state and serve as...
https://www.freightwaves.com/news/jaxport-ready-for-larger-container-ships
COVID-19 has faded in importance for much of the nation. That also seems to go for a good-sized number of U.S.-based small to midsize businesses.
A survey of more than 4,000 of those businesses, commonly known by the acronym SMB, found that only 12% consider the pandemic to be their biggest business challenge for the rest of 2022. That was compared with 29% polled at the same time in 2021.
About 61% of respondents in the current survey said that supply chain delays would be their biggest...
https://www.freightwaves.com/news/dhl-survey-says-covid-fades-as-international-concern-for-us-smbs
The average price of gasoline in the U.S. hit yet another record high on Monday, at $4.596 per gallon, according to AAA. With the summer driving season just days away, starting Memorial Day weekend, prices at the pump are expected to go even higher. How high could depend on how much gasoline is shipped into the East Coast aboard tankers.
“U.S. driving season is looming large,” said tanker brokerage BRS in a report published Monday. “U.S. Atlantic Coast gasoline inventories currently stand at 51...
The Department of Defense tapped FedEx Express on Sunday to make the second flight for Operation Fly Formula and deliver another tranche of Nestle baby formula from Ramstein Air Base in Germany to the U.S. as the Biden administration races to stem a nationwide shortfall.
FedEx (NYSE: FDX) will deliver the shipment to Washington Dulles International Airport. FedEx’s trucking network will then deliver the urgent shipment to a Nestle facility in Pennsylvania, the White House said.
The shipment of...
https://www.freightwaves.com/news/fedex-tasked-with-rushing-baby-formula-from-europe-to-pennsylvania
A U.S. military aircraft on Sunday will deliver the first batch of baby formula from Europe to Indianapolis under Operation Fly Formula as the Biden administration accelerates efforts to alleviate a domestic shortage.
The White House announced Saturday that a U.S. Air Force cargo jet will transport 132 pallets of Nestle’s Alfamino Infant and Alfamino Junior formula from Ramstein Air Base in Germany to the Indianapolis airport. From there the shipment will be trucked to a Nestle Health Science...
