What early freight orders for peak season show — CNBC Supply Chain Survey

No matter what is inside that coveted container, it’s the number of containers moved each peak season that dictates a merry holiday for logistics providers. Last year the combination of bloated inventories and consumers stuffing themselves fat on experiences instead of things impacted the coffers of many in the logistics industry. What will this year bring? Early indications on peak season from CNBC’s Supply Chain Survey show a modest uptick in orders but no hog-wild consumer spending.

Participan...

https://www.freightwaves.com/news/what-early-freight-orders-for-peak-season-show-cnbc-supply-chain-survey

Port of New Orleans President and CEO Brandy Christian stepping down

The Port of New Orleans announced Tuesday that President and CEO Brandy D. Christian will step down in June to pursue an opportunity in the private sector.

Christian has served as president and CEO since January 2017, as well as the CEO of the New Orleans Public Belt Railroad (NOPB) since its acquisition by the port in February 2018.

“Reflecting on my time at the Port New Orleans and NOPB, I will be departing with immense gratitude for the dedicated team and supportive community who have made the...

https://www.freightwaves.com/news/port-of-new-orleans-president-and-ceo-brandy-christian-stepping-down

Ocean carrier cocktail leaving a sour taste in shippers’ mouths

The ocean carrier cocktail is back and it packs a punch. Two parts canceled sailings that spice up spot rates, coupled with a stiff pour of general rate increases, leaves shippers with a dull headache and a thinner wallet.

While this iteration of the cocktail is not as strong as previous ones, it is potent enough to sour shippers’ stomachs. With no end in sight to the Red Sea diversions and “meh” consumer demand, ocean carriers are in lockstep with their mission of trying to establish an...

https://www.freightwaves.com/news/ocean-carrier-cocktail-leaving-a-sour-taste-in-shippers-mouths

POSITIVE OUTLOOK OF THE CONTAINER SHIPPING INDUSTRY

  • The DHL Ocean Freight Market update indicates a potential upturn in the global container shipping industry shortly.
  • Since October 2023, the ocean freight market has experienced year-on-year growth.
  • The global GDP is projected to increase to 2.5% this year from 2.3% in 2023.
  • Niki Frank, CEO of DHL Global Forwarding Asia Pacific, stated,There are clear indicators that the economic tide is shifting in favor of trade growth.

As per the recently released DHL Ocean Freight Market update report...

https://mfame.guru/positive-outlook-of-the-container-shipping-industry/

Final victim recovered at Key Bridge; officials plan controlled demolition

Recovery crews have found the body of the sixth and final person who died in the Francis Scott Key Bridge collapse in Baltimore, authorities announced, as crews plan to remove a large section of the wreckage.

Salvage crews recovered the body of José Mynor López, 37, of Baltimore, on Tuesday, more than a month after the bridge crumbled into the Patapsco River after the container ship Dali crashed into it on March 26. Six construction workers on the bridge plunged into the chilly waters below and w...

https://www.freightwaves.com/news/final-victim-recovered-at-key-bridge-officials-plan-controlled-demolition

New shipping routes highlight growing Asia-to-Mexico trade

A new sea route from Cosco Shipping Lines became operational on Monday, as several global ocean carriers have initiated services targeting Asia-to-Mexico trade.

In addition to Cosco, global ocean carriers Mediterranean Shipping Co. and CMA CGM have launched services to tap into soaring container volumes and growing investment in Mexico by Chinese companies.

Cosco Shipping Lines and its subsidiary OOCL’s new Transpacific Latin Pacific 5 (TLP5) line offer direct connections between China, South...

https://www.freightwaves.com/news/new-shipping-routes-highlight-growing-asia-to-mexico-trade

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