Disruptions

Cosco says shipping disruptions boosted 2024 net profit by 95%

China’s Cosco Shipping Holdings Co. forecasts that profits soared 91% in 2024.

The Shanghai-based parent of liner operator Cosco Shipping Lines in a statement to the Hong Kong stock exchange expects to report, pending any final adjustments, full-year record earnings on moderate growth in cargo volumes as disruptions from attacks on shipping in the Red Sea took capacity out of the market and kept freight rates high.

Earnings before interest and taxes for the year ending Dec. 31, 2024 were $9.54...

https://www.freightwaves.com/news/cosco-says-shipping-disruptions-boosted-2024-profit-by-91

Disruptions panel: Supply chain stronger after pandemic, but more work is needed

WASHINGTON, D.C. — Transportation stakeholders are taking a lesson from the pandemic and taking steps to ensure a resilient supply chain, so future disasters don’t turn into catastrophes.

“There’s a difference,” said Jose Holguin-Veras, director, Center for Infrastructure, Transportation, and the Environment (CITE) at Rensselaer Polytechnic Institute. “A disaster assumes a region has the resources to respond within three days. 

“A catastrophe wipes out the local capacity to respond.”

Holguin-Veras...

https://www.freightwaves.com/news/disruptions-panel-supply-chain-stronger-after-pandemic-but-more-work-is-needed

Flow of trade always prevails

In the world of news, disasters and wars garner headlines for a while, which fuels anxiety and, as a result, increases supply chain uncertainty and freight rates. But after a certain point, once the news cycle exhausts the angles and the disruption is part of the norm, it becomes part of the background noise. Society moves on and the world of logistics provides certainty in the continuous movement of trade and the new norm. This takes time, but in the end the agnostic flow of trade does, and...

https://www.freightwaves.com/news/flow-of-trade-always-prevails